Mechano-Therapy Appliances Market

The article discusses the current and future trends in the global market for mechano-therapy appliances and massage apparatus. It highlights the expected growth in consumption, production, imports, and exports over the next eight years, with detailed forecasts for market volume and value. Key countries driving growth are identified, along with fluctuations in market performance and prices. The article provides valuable insights for industry professionals and stakeholders looking to understand the dynamics of the market.

Market Forecast

Driven by increasing demand for mechano-therapy appliances and massage apparatus worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 928M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $15.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mechano-Therapy Appliances And Massage Apparatus

In 2022, after six years of growth, there was significant decline in consumption of mechano-therapy appliances and massage apparatus, when its volume decreased by -10.9% to 747M units. Overall, consumption, however, enjoyed prominent growth. Over the period under review, global consumption hit record highs at 838M units in 2021, and then contracted in the following year.

The global mechano-therapy appliances market revenue reduced to $10.6B in 2022, dropping by -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a buoyant expansion. Over the period under review, the global market hit record highs at $11B in 2021, and then contracted modestly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (161M units), China (85M units) and South Korea (51M units), with a combined 40% share of global consumption. France, Japan, the UK, Germany, Brazil, Belgium, Canada, the Netherlands, Saudi Arabia and Australia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +21.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.4B) led the market, alone. The second position in the ranking was taken by China ($1.1B). It was followed by Japan.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +5.7%. The remaining consuming countries recorded the following average annual rates of market growth: China (+0.9% per year) and Japan (+5.5% per year).

The countries with the highest levels of mechano-therapy appliances per capita consumption in 2022 were Belgium (1,644 units per 1000 persons), the Netherlands (858 units per 1000 persons) and France (660 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +21.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mechano-Therapy Appliances And Massage Apparatus

In 2022, approx. 637M units of mechano-therapy appliances and massage apparatus were produced worldwide; remaining stable against 2021. In general, the total production indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 14% against the previous year. Over the period under review, global production hit record highs at 672M units in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, mechano-therapy appliances production declined to $10.1B in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +117.6% against 2014 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 33%. Global production peaked at $10.3B in 2021, and then dropped in the following year.

Production By Country

The country with the largest volume of mechano-therapy appliances production was China (491M units), accounting for 77% of total volume. Moreover, mechano-therapy appliances production in China exceeded the figures recorded by the second-largest producer, Mexico (26M units), more than tenfold. The third position in this ranking was held by Brazil (23M units), with a 3.6% share.

In China, mechano-therapy appliances production expanded at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (+3.8% per year) and Brazil (+2.1% per year).

Imports

World Imports of Mechano-Therapy Appliances And Massage Apparatus

In 2022, after six years of growth, there was significant decline in purchases abroad of mechano-therapy appliances and massage apparatus, when their volume decreased by -15.6% to 685M units. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 811M units, and then declined sharply in the following year.

In value terms, mechano-therapy appliances imports reduced to $9B in 2022. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $9.8B, and then dropped in the following year.

Imports By Country

The United States was the largest importing country with an import of around 187M units, which reached 27% of total imports. South Korea (53M units) took a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by France (7%), Germany (5.8%) and the UK (5.6%). Belgium (30M units), the Netherlands (27M units), Japan (25M units), Canada (19M units), Poland (16M units), Taiwan (Chinese) (13M units), Australia (12M units) and Spain (11M units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the mechano-therapy appliances and massage apparatus imports, with a CAGR of +18.8% from 2012 to 2022. At the same time, Belgium (+14.8%), South Korea (+14.5%), the Netherlands (+11.9%), the UK (+11.4%), Germany (+8.7%), Spain (+7.1%), France (+6.5%), Canada (+6.1%), Australia (+5.0%), Taiwan (Chinese) (+4.6%) and Poland (+2.9%) displayed positive paces of growth. By contrast, Japan (-2.3%) illustrated a downward trend over the same period. While the share of the United States (+16 p.p.), South Korea (+3.2 p.p.) and Belgium (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Poland (-1.6 p.p.) and Japan (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.7B) constitutes the largest market for imported mechano-therapy appliances and massage apparatus worldwide, comprising 29% of global imports. The second position in the ranking was taken by Germany ($529M), with a 5.9% share of global imports. It was followed by South Korea, with a 5.4% share.

In the United States, mechano-therapy appliances imports increased at an average annual rate of +14.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+9.8% per year) and South Korea (+16.5% per year).

Import Prices By Country

The average mechano-therapy appliances import price stood at $13 per unit in 2022, growing by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. Over the period under review, average import prices reached the peak figure at $14 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($23 per unit), while Belgium ($7.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mechano-Therapy Appliances And Massage Apparatus

Global mechano-therapy appliances exports fell to 575M units in 2022, dropping by -6.1% against the previous year. In general, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of 612M units, and then dropped in the following year.

In value terms, mechano-therapy appliances exports shrank to $8.8B in 2022. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $10.3B, and then fell in the following year.

Exports By Country

China dominates exports structure, accounting for 408M units, which was approx. 71% of total exports in 2022. The Netherlands (27M units) held the second position in the ranking, followed by the United States (26M units). All these countries together held near 9.2% share of total exports. Mexico (17M units), Belgium (11M units), Germany (11M units) and Hungary (8.9M units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, Hungary (+28.0%), the Netherlands (+14.4%), Mexico (+12.3%), the United States (+7.9%), Belgium (+7.7%) and Germany (+2.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.0% from 2012-2022. The Netherlands (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($5.1B) remains the largest mechano-therapy appliances supplier worldwide, comprising 58% of global exports. The second position in the ranking was held by the United States ($703M), with an 8% share of global exports. It was followed by Mexico, with a 4.7% share.

In China, mechano-therapy appliances exports expanded at an average annual rate of +13.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+6.7% per year) and Mexico (+9.9% per year).

Export Prices By Country

The average mechano-therapy appliances export price stood at $15 per unit in 2022, declining by -9% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 43% against the previous year. The global export price peaked at $17 per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($28 per unit), while China ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform