The latest market report published by Credence Research Inc. “Global Handheld Massagers Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Handheld Massagers Market generated revenue of around USD 9875.5 billion in 2021 and is anticipated to grow a CAGR of over 5.5% during the forecast period from 2022 to 2028 to reach around USD 13616 billion in 2028.
The escalating fast-paced, and busy way of life in developed and emerging nations is a major driver fueling the market's expansion. This might result in prolonged computer use, typically with poor posture, which can cause back and neck pain. In turn, this raises product demand even more in the ensuing years. Additionally, there is a growing desire for handheld massages as spas are expensive and cannot always be afforded, which presents enormous potential opportunities to industry players. However, new acupressure therapy facilities and massage parlors are predicted to restrain market expansion because their provision of services for muscle relaxation reduces the need for personal massage equipment.
is bifurcated into type, application and geography. Based on type, the global market is segmented into arm and shoulders massage, waist and back massage, thigh and feet massage. Based on application, the market is segmented into home, office, and others. The market is segmented based on geographies such as Europe, the Asia Pacific, North America, Latin America, the Middle East and Africa.
In 2021, the North American market accounted for a significant share and was expected to grow at a substantial CAGR in the following years. This is due to a high employee population, increasing working hours, economic growth, and the large presence of product manufacturers, further increasing the regional market growth.
There are several factors that are driving the market for handheld massagers:
· Increasing stress levels and sedentary lifestyles: With the increasing pace of modern life, people are experiencing higher levels of stress and are looking for ways to relax and unwind. Handheld massagers offer a convenient and effective way to relax tense muscles and alleviate stress.
· Rising awareness about the benefits of massage: There is increasing awareness about the benefits of massage for overall health and well-being. Handheld massagers offer an easy and convenient way to incorporate massage into a daily routine.
· Advances in technology: Handheld massagers are becoming more advanced, with a range of features such as different massage modes, heat therapy, and wireless connectivity. This is making them more appealing to consumers.
· Increasing disposable incomes: As disposable incomes rise, people are more willing to spend money on products that improve their quality of life. This is driving demand for handheld massagers.
· Growing elderly population: The elderly population is growing globally, and this group is more prone to muscle and joint pain. Handheld massagers offer a convenient and effective way for them to manage their pain and improve their mobility.
Why Buy This Report-
· The report provides a qualitative and quantitative analysis of the global handheld massagers market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
· The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
· In-depth analysis of the global handheld massagers market segmentation based on type and application.
· Major countries in each region with their import/export statistics
· The global handheld massagers market report also includes analyzing the global, regional, and country levels, along with key market trends, significant players’ analysis, market growth strategies, and key application areas.
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