The global massage equipment market is expected to expand at a CAGR of 9.2% during the forecast period, 2021 – 2028. Increasing awareness of healthy lifestyle among all age groups and wide brand campaigns aimed at promoting body fitness are major driving factors for the growth of the market.
Massage can be a solution for relaxing body and addressing health issues especially for the old-age group. It is one of the key techniques that helps in resolving various health problems such as osteoarthritis, blood pressure, dementia, and body pain & stiffness. As per the report of the National Institutes of Health, U.S., more than 8% of the world’s population is of the age-group of 65 plus and the percentage is expected to rise significantly to nearly 17% by 2050. Thus, the use of massage equipment is gradually popular among the old people to stay healthy and fit, thereby, pushing to drive the market growth.
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Segment Analysis
Based on products, the global massage equipment market is divided into chairs & sofas, handheld, back massagers, and neck & shoulder. The chairs & sofas segment accounted for more than 45% in 2020 and is likely to hold a substantial share of the market during the forecast period.
On the basis of applications, the global massage equipment market is segmented into commercial and home. The commercial segment held a dominant market share accounting for over 75% in 2020 and is projected to constitute a major share of the market in the coming years.
Region Analysis
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America dominated the massage equipment market by generating a revenue of more than USD 3.3 billion in 2020. The high concentration of sports enthusiasts in Canada and the U.S. and rising adoption of the machines for muscle relaxation purposes among the athletes are key factors pushing the regional market growth.
Competitive Analysis
The Competitors are JSB Healthcare; Xiaomi, Panasonic; OSIM International Ltd.; Prospera; Casada International; and RoboTouch.
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The global massage equipment market size is expected to reach USD 12.4 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 8.6% over the forecast period.
Light massage at a certain interval can help the common mass overcome these issues and lead a healthy life.
Thus, the corporate organizations and multi-national firms started installing massage chairs, sofas, and other equipment to resolve the everyday issues and ensure quick relaxation.
As of 2019, it was observed that around 350 million people worldwide suffer from arthritis, where 40 million patients are located in U.S. More than a quarter million of these patients were kids and 60% of the total patients in U.S. were females.
Neuroscientists have noticed that massage helps in activating those parts of brain, which are triggered under the influence of opioid painkillers such as codeine.
Handheld massagers are expected to expand at the fastest CAGR of 9.6% from 2019 to 2025 as they provide convenience to the buyers • The home application segment is expected to expand at the fastest CAGR of 9.4% from 2019 to 2025 due to shifting inclination towards a healthy lifestyle among millennials and increasing use of such type of equipment in home • North America led the massage equipment market and accounted for a share of 40.4% in 2018 on account of high concentration of health enthusiasts in U.S. and Canada • New launches in terms of inclusion of smart features is expected to remain a key strategy among the market participants.
According to this study, over the next five years the Massage Equipment market will register a 9.6% CAGR in terms of revenue, the global market size will reach US$ 21230 million by 2024, from US$ 13450 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Massage Equipment business, shared in Chapter 3.Massage equipment refers to the integration of traditional Chinese massage and high-tech devices.
It developed a machine that can simulate the circulation of blood and help to bring oxygen-rich blood and nutrients to the muscles and other major organs of the body.Massage equipment refers to the integration of traditional Chinese massage and high-tech devices.
It developed a machine that can simulate the circulation of blood and help to bring oxygen-rich blood and nutrients to the muscles and other major organs of the body.
Due to improper sleeping position and poor posture of work, more and more people are eager to reduce muscle tention and improve sleep quality.
At the same time, massage equipment also saves time and money without therapist appointment.At the present, massage equipment can be divided into two parts: full featured massage chairs and portable small massage electrical devices, such as back massagers, neck and shoulder massagers, eye care massagers and others.Market competition is intense.
