Foot Massage Machine Market Scope
Foot massage machine, is the most effective electronic machine for individuals in improving circulation, stimulates muscles, reduces tension, and often eases pain in their feet and legs. With dynamic & competitive marketing and promotions of foot massage machine through e-commerce retailing, geriatric and millennial population are increasingly using them. Of late, the key players are designing foot massage machine will smart features and sensory enabled will spur positive growth for the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | HoMedics (United States), OSIM International (Singapore), Sunpentown International Inc. (United States), Beurer (Germany), Panasonic (Japan), FUJIIRYOKI (Japan), Emson (United States), Family Inada Co. Ltd. (Japan), MedMassager (United States), breo (New Zealand), Human Touch (United States) and Taichang Health Technology Co. Ltd. (China) |
CAGR | 5.0% |
The global foot massage machine market is fragmented and characterized by the presence of well-diversified global and local vendors. Vendors are introducing products with smart features and sensory devices attached to meet the growing demand of consumers. The competition in the market is expected to intensify further with international players expanding their footprint with more product and service extensions, innovations in technology. Research Analyst at AMA estimates that Japanese and United States Manufacturers will contribute to the maximum growth of Global Foot Massage Machine market throughout the predicted period.
HoMedics (United States), OSIM International (Singapore), Sunpentown International Inc. (United States), Beurer (Germany), Panasonic (Japan), FUJIIRYOKI (Japan), Emson (United States), Family Inada Co. Ltd. (Japan), MedMassager (United States), breo (New Zealand), Human Touch (United States) and Taichang Health Technology Co. Ltd. (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Foot Massage Machine market by Type , by Application (Residential Use and Commercial use) and Region with country level break-up.
On the basis of geography, the market of Foot Massage Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2022, Hyperice, known for its percussion therapy devices, acquired Hypervolt USA, a leading manufacturer of foot massage machines, for an undisclosed amount. This move expanded Hyperice's product portfolio and strengthened its presence in the foot care market.
In January 2023, HoMedics, a leading manufacturer of home wellness products, launched the Shiatsu Foot Massager with Heat & Air Compression, featuring advanced kneading and shiatsu massage techniques combined with heat and air compression for enhanced relaxation.
Influencing Trend:
Increasing Adoption of Technologically Advanced Product Includes Smart Features and Consumer Inclination Towards Massaged from the Comfort or Privacy of their Own Homes
Market Growth Drivers:
Increasing Number of Joint & Muscle Pain Patients Amongst Geriatric Patients and Rising Disposable Income in Developing Nations
Challenges:
High Cost of Technologically Advanced and Branded Foot Massage Machine
Restraints:
High Initial Investment and Dearth of Technical Expertise in Emerging Economies
Opportunities:
Surging Sales of Foot Massage Machines Through E-Commerce Worldwide
Key Target Audience
Foot Massage Machine Manufacturer, Raw Material Suppliers, Foot Massage Machine Suppliers/Distributors, End Users and Others