Research Nester’s recent market research analysis on “Body Composition Analyzers Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global body composition analyzers market in terms of market segmentation by product, end-user, and by region.
Growing Prevalence of Obesity to Promote Global Market Share of Body Composition Analyzers
The global body composition analyzers market is estimated to grow majorly on account of the rising rate of obesity worldwide and the increasing risk of obesity-associated risks. For instance, as per data, approximately 1 in 3 adults (~30.7%) people in America were overweight in 2018. With rising awareness that obesity harms every aspect of health, from shortening life and contributing to chronic conditions such as diabetes and cardiovascular disease and also interfering with sexual function, breathing, mood, and social interactions, the role of healthy weight management and body mass index is rising. All these factors are leading to the rise in demand for devices such as body composition analyzers which are expected to boost the market growth.
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Some of the major growth factors and challenges that are associated with the growth of the global body composition analyzers market are:
Growth Drivers:
• Rising Prevalence of Metabolic Syndrome (MetS)
• Application in the Early Detection of Osteoporosis
Challenges:
The high cost of equipment and the slower penetration of these devices in underdeveloped regions are some of the major factors anticipated to hamper the global market size of body composition analyzers. The lack of awareness and the high associated cost is the major reason for the slower adoption of this product by many.
By end-user, the global body composition analyzers market is segmented into fitness clubs and wellness centers, hospitals, academic and research centers, and others. The fitness clubs and wellness centers segment is anticipated to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Rise in the number of people joining fitness clubs and wellness centers to manage weight and overcome many obesity-related reversible health risks.
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Additionally, amongst the end-user, the hospital segment is expected to exhibit notable growth as hospitals worldwide are promoting body composition analysis as a part of their wellness programs.
By product, the global body composition analyzers market is segmented into bioimpedance analyzers, skinfold calipers, hydrostatic weighing equipment, air displacement plethysmography (ADP), dual-energy X-ray absorptiometry (DEXA), and others. Amongst them, the bioimpedance analyzers segment is estimated to depict significant growth.
By region, the North American body composition analyzers market is to generate the highest revenue by the end of 2035. This growth is anticipated by a growing number of obese people in the region as well as increasing concern about the risk of deadly diseases. In 2021, the United States was the most obese country in North America.
Moreover, the Asia Pacific body composition analyzers market is predicted to be the second largest by the end of 2035 owing to the rapidly shifting people from rural to urban lifestyles leading to the rise in the sedentary lifestyle of people in the region.
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Further, the market in the European region, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growing awareness among individuals about the importance of health and weight management together with incessant efforts of healthcare providers to offer a general picture of their patient’s body fat index by conducting a regular body composition analysis is promoting the growth of such devices/machines in the region.
This report also provides the existing competitive scenario of some of the key players of the global body composition analyzers market which includes company profiling of InBody Inc., GE HealthCare Technologies Inc., Cosmed srl, Tanita Corporation, Omron Corporation, Hologic Inc., RJL Systems, Inc., Seca GmbH & Co. Kg., Selvas Healthcare, Inc., Charder Electronic Co. Ltd., and others.
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