Body Composition Analyzers Market
According to a new report published by Allied Market Research, titled, “Body Composition Analyzers Market by Product, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The global body composition analyzers market size generated $398.22 million in 2020, and is projected to reach $618.71 million by 2030, growing at a CAGR of 4.5% from 2021 to 2030.
The increase in number of patients suffering from chronic diseases, further fuels the growth of the global body composition analyzers market.
Rise in obese population, increase in government initiatives to promote healthy lifestyle, and surge in health awareness drive the growth of the global body composition analyzers market. On the other hand, high equipment cost and stringent regulatory framework regarding the use of body composition analyzers restrain the growth to some extent. However, rise in number of gyms and fitness clubs is anticipated to create lucrative opportunities in the industry.
Increase in obese population, proactive initiatives by government to promote healthy lifestyle, and rise in health consciousness among people facilitate the growth of the market. However, high initial cost and strict regulations regarding usage of body composition analyzers hinder the market growth. On the other hand, increase in the number of gyms and health clubs would create new opportunities in the market.
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Key Market Trends and Drivers:
- Increasing Health Awareness:Rising awareness about the importance of body composition for overall health and disease prevention is a major driver.
- Obesity Epidemic:The global rise in obesity rates is fueling the demand for devices that can accurately assess body composition, including fat mass, muscle mass, and water content.
- Technological Advancements:Innovations in body composition analysis techniques, such as multi-frequency bioelectrical impedance analysis (BIA) and miniaturization of devices, are contributing to market growth.
- Growing Fitness Industry:The fitness industry’s increasing focus on personalized training and health monitoring is another key factor driving market expansion.
- Medical Applications:Body composition analyzers are increasingly used in clinical settings for diagnosing and managing conditions like sarcopenia, malnutrition, and chronic diseases.
Market Segmentation:
- Product Type:This includes devices like bioelectrical impedance analysis (BIA) scales, handheld analyzers, and multi-compartment models.
- End-User:The market serves various end-users, including hospitals and clinics, fitness centers, and individual consumers.
- Technology:Technologies used in body composition analysis include BIA, DEXA (dual-energy X-ray absorptiometry), and anthropometry.
Key Players:
- InBody Co., Ltd.
- Tanita Corporation
- GE Healthcare
- Hologic, Inc.
- Omron Corporation
- Seca GmbH & Co. Kg
- Cosmed S.R.L.
Regional Analysis:
North America contributed nearly two-fifth share of the total market in terms of revenue by 2017 and would maintain its lead by 2025 due to the presence of well-established healthcare infrastructure and continuous R&D initiatives. However, Asia-Pacific would grow at the highest CAGR of 9.0% from 2018 to 2025, owing to the increase in healthcare expenditure, surge in fitness clubs & wellness centers, and rise in obese population across developing countries.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
