Market Forecast
Body Composition Analyzers Market is expected to cross USD 768.59 Million by 2025 at a CAGR of 7.6%.
Market Synopsis
The increasing obese population and the growing presence of metabolic disorders are set to drive the demand for body composition analyzers during the forecast period
Body Composition Analyzers Market Key Drivers and Deterrents
All over the world, there has been significant growth in health consciousness, with a rising focus on personal grooming and fitness. However, people interested in losing weight are not able to track their progress solely with the help of weighing scales. As a result, the demand for body composition analyzers has surged considerably in the past few years. The booming fitness sector is also responsible for the market growth in recent years. Given the heightened demand for quick results, fitness centers and gyms are increasingly adopting BCAs (body composition analyzers) to achieve precise results without any time wastage. BCAs’ demand is also bolstered by the prevalence of sedentary or inactive lifestyles and the rising obesity cases and related diseases.
A few other potential growth boosters in the global body composition analyzers market include the increased funding from the government bodies across countries as well as global healthcare institutions such as World health organization. The advanced degree of fitness and health provided by these devices can be favorable for the market, as members of gyms and fitness clubs will be motivated by other’s progress. As a result, BCAs have emerged as the latest trends in the health and wellness industry, which can expand by leaps and bounds in the years to come. The global market also has a remarkable growth scope within the sports industry with sports authorities, centers and sports scientists, and personal instructors increasingly adopting these analyzers.
Research and academic centers are progressively carrying out studies to understand and evaluate the preciseness of different types of body composition analyzers. In the past couple of years, various studies have confirmed that body composition is essential in determining the fitness level of an individual. Thus, several researches have been conducted that focuses primarily on relevant data with regard to body composition to prevent obesity and related diseases. Technological innovations and the user-friendly property of body composition analyzers have fostered their adoption among home-users. Home-users are a key end-user in the market as they find these devices quite simple to use, eliminating the need for professional assistance. Besides, firms are constantly taking up strategic hacks such as acquisitions, product launches and mergers to introduce modern technologies as well as products in the market and gain the upper hand, from a competitive point of view.
Body Composition Analyzers Market Key Competitors
The key competitors in the global Body Composition Analyzers Market Share are Omron Healthcare Inc., Inbody Co. Ltd., Maltron International Ltd., GE Healthcare Inc., Seca GmbH & Co. Kg., Beurer GmbH, Bodystat, Tanita Corporation, AccuFitness, LLC, Jawon Medical Co., Ltd, Hologic Inc., Cosmed S.R.L, to mention a few.
Body Composition Analyzers Market Segmental Insight
The global body composition analyzers market has been considered for product type, mobility, and end user.
The product types analyzed in the market study are skinfold calipers, air displacement plethysmography, hydrostatic weighing equipment, bioimpedance analyzer, dual-energy X-Ray absorptiometry, and others. Bioimpedance analyzers are most likely to gain maximum traction in the global market over the conjectured period. These analyzers are touted to gain the top spot owing their benefits over other product types, including low cost, higher accuracy and easy operations.
The mobility-based segments are stationary body composition analyzers as well as portable body composition analyzers.
The top end users identified in the study are academic and research centers, hospitals, home users, fitness centers, and more. Hospitals are expected to be the most significant end-user in the global market as these facilities are mostly preferred by the patients undergoing treatment.
Body Composition Analyzers Market Regional Study
The market’s regional dissection covers Asia Pacific or APAC, the Americas, MEA/Middle East & Africa and Europe.
The Americas is anticipated to be in the lead over the forthcoming years, with the US and Canada projected to secure the top positions. The dramatic surge in obesity, increased focus on fitness among people, and the rise in technological developments in the healthcare industry are likely to bolster the market growth in the region. The market also stands to profit from the soaring cases of metabolic disorders and the rise in government initiatives that promote the adoption of a healthy lifestyle.
The APAC market seems to be expanding at full force and can capture the fastest growth rate over the given period, led by Japan, India, South Korea, Australia and China. The escalating disposable income as well as the significant economic growth have boosted the prevalence of sedentary lifestyles and have prompted the mass’ interest in fast foods. Another key development in the region has been the surge in healthcare spending in the face of growing aging populace, which has compelled the government to promote self-medication and also encourage people to focus on preventative healthcare. The main focus of these government-led campaigns is on preventing lifestyle disorders such as diabetes, which encourage manufacturers to introduce innovative products in the market that cater to all the consumer demand.
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