Industry Background:
Electric Pads are medical equipment which are used to apply heat therapy. Electric pads are powered by electricity which is where they derive their name from, but there are majorly 2 types of electric pads based on technology which are wired and cordless or battery powered. Electric pads are even designed in specific types such as Regular Heating Pads, Neck and Shoulder Heating Pads and Portable Electric Heating Pads. Currently most of the consumers prefer battery operated that is cordless and electronic controller enabled electric pads for better convenience and more feature equipped. Geographically, North America and Asia Pacific are prominent markets of Electric Pads.This growth is primarily driven by Rise of Geriatric Population
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bear Down Brands, LLC (United States), Sunbeam (United States), Cara (United States), Ohuhu (United States), Battle Creek Equipment Co. (United States), Beurer (Germany), Carex Health Brands (United States), Aosom LLC (United States), Omron (Japan) and Drive Medical (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Bear Down Brands, LLC, US based network of premium consumer brands covering home, health, and personal care products has announced completion of acquisition of Verilux, which is home lighting solutions provider. The acquisition will strengthen Bear Down’s line of portfolio. This is the fifth major brand operating under Bear Down after Bentgo, Pure Enrichment, Brusheez, and EasyLunchboxes.
In 2020, Sunbeam, a US based one of the prominent market leaders in heat based electronic products announced launch of a new Cordless Heating Pad GoHeat. The new pad will allow for portability and on the go application.
Electric Pads Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rise of Geriatric Population
- Increasing Disposable Income
- Growth of Gym Enthusiasts and Culture
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Influencing Trends | - Electronic Controller Based Electronic Pads are increasing in Popularity
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Restraints | - Expensive than Traditional Non-Electric Hot Water Bag
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Road Blocks / Challenges | - Intense Competition because of Presence of Local and Global Players
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Gaps & Opportunities | - Integration of Electric Pads Using Smartphone Applications
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electric Pads Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electric Pads Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electric Pads players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electric Pads Study Sheds Light on
The Electric Pads Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Pads industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Pads industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.