What is Electric Foot Bath?
Electric Foot Bath are used as massager to give relaxing pedicure in the comforts of home and office. These devices consist of tub to warm water and enables to soak feet in. These devices includes various features such as temperature control to make water toasty, massage nodes to target feet's pressure points, or vibration to level up the bennies of foot soak. The increasing use of electric foot bath as massager to helps improve the blood circulation has grown its popularity worldwide.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Changhong (China), Taichang (China), Nintaus (China), Dr Trust (India), Beici (China), Yongjin (China), Nanjiren (China), Terumo Corporation (Japan), SUZUKEN CO., LTD. (Japan) and Panasonic (Japan) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Tube Heated Foot Bath, Plate Heated Foot Bath and Steam Heat Exchange Foot Bath) , by application (stimulates blood flow in the feet, and promoting better circulation throughout the entire body.) and major geographies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Electric Foot Bath market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Electric Foot Bath market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Changhong (China), Taichang (China), Nintaus (China), Dr Trust (India), Beici (China), Yongjin (China), Nanjiren (China), Terumo Corporation (Japan), SUZUKEN CO., LTD. (Japan) and Panasonic (Japan).
Market Overview:
In February , 2021 - Terumo Corporation (TSE: 4543), a global leader in medical technology, has signed a definitive agreement to acquire all assets of Health Outcomes Sciences, Inc. (HOS). HOS specializes in predictive analytics and clinical decision support that enable healthcare organizations to deliver personalized, predictive insights at the point of care, resulting in significant and measurable improvements in clinical, patient and financial outcomes.
Global electric foot bath market is fragmented due to the presence of manufacturers in global and regional level. The level of competition among the companies in the electric foot bath market is intense and providers focus on developing new technologies and offering customization to the customers. During the coming years, a number of companies will also follow partnership, merger, acquisition and other strategies to sustain in this competitive market.
Influencing Trend:
Fully Automatic Electric Foot Bath
Market Growth Drivers:
Demand for Foot Relaxation in Homes and Increasing Use of Electric Foot Bath in Salons & Spas
Challenges:
Availability of Low-Cost Counterfeit Products
Restraints:
High Cost of Electric Foot Bath
Opportunities:
Growing Online Purchases of the Electric Foot Bath, High Consumption of Electric Foot Bath by Aged Population and Increasing Disposable Income
Key highlights of the Global Electric Foot Bath market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Electric Foot Bath market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Electric Foot Bath market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Electric Foot Bath Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Foot Bath market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Electric Foot Bath market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Electric Foot Bath Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.