Global Body Composition Analyzers Market: Technology Advancements and Key Players
The global industry is expected to reach $618.71 million by 2030. The body composition analyzers industry was valued at $398.22 million in 2020 and is projected to experience a compound annual growth rate of 4.5% from 2021 to 2030.
Allied Market Research published a report on the body composition analyzers market, which offers industry dynamics, including growth drivers, opportunities, and challenges. This report provides a competitive landscape of the sector. The global industry is expected to reach $618.71 million by 2030. The body composition analyzers industry was valued at $398.22 million in 2020 and is projected to experience a compound annual growth rate of 4.5% from 2021 to 2030. Rise in prevalence of obese population drives the demand for body composition analyzers. Also, developments in technology are projected to be opportunistic for the growth of the market in the upcoming years.
Body composition is used to analyze the body water, minerals, protein and fat percentage in the body and study body mass index of the person. It offers a better image of the health condition of the person when compared with the traditional method of body analysis. It also helps in early detection of any future ailment. It determines the visceral fat, bone mass density, basal metabolic rate and lean body mass of the body of the patient to analyze and diagnose for medical condition, rehab, and nutrition level.
Rise in awareness about health among individuals increases the demand for body composition tracking. Individuals also use the device to track fitness level. In addition, there is also rise in corporate wellness programs, wellness centers, gyms, and health clubs, which use body composition tracking to provide customized exercise levels and diet plans to the individuals. There is also a shift toward disease prevention and early detection of diseases among the individuals, which surges the usage of these tracking devices.
Advancements in technology such as the introduction of smart scales, which can track percentage levels and integrate these on cloud, so that the individual can track the same anywhere, which is projected to drive the growth of the body composition analyzers market. In addition, integration of digital health platforms, such as introduction of wearables, mobile apps, and electronic health records fosters the growth of the market in the upcoming years. Government initiatives toward awareness about fitness and health in emerging economies are also projected to be opportunistic for the market growth.
Important questions
- What are the key growth strategies of the body composition analyzers industry players?
- Which region is expected to provide more business opportunities for this industry in the coming years?
- Who are the leading industry players in this sector?
- What are the key trends in the body composition analyzers market report?
Regional Insights
The report’s regional analysis maps the revenue contributions of key countries within each region and provides insight into their unique roles within the global market.
Each region demonstrates distinct characteristics shaped by government healthcare regulations, public health awareness, and infrastructure development.
List of key players
- Bodystat Ltd.
- General Electric Company (GE Healthcare)
- Omron Corporation
- COSMED Srl.
- SELVAS AI Inc. (Jawon Medical Co., Ltd.)
- Hologic, Inc.
- Inbody Co., Ltd.
- RJL Systems, Inc.
- Seca GmbH & Co.Kg.
- Tanita Corporation
Conclusion
The AMR report delivers a detailed study of the industry, including a comprehensive competitive landscape. It further highlights emerging trends, key growth drivers, and potential opportunities that empower industry leaders and stakeholders to make informed strategic decisions. The report serves as a valuable resource for understanding changes in the domain, mitigating risks, and supporting long-term business growth in an increasingly competitive environment by offering in-depth insights.
The report also offers an in-depth analysis of market segments, trends, forecasts, and dynamics within the global body composition analyzers market from 2021 to 2030, with a primary focus on identifying business opportunities. The research report analyzes the market by utilizing tools such as Porter’s five forces analysis, value chain analysis, opportunity map analysis, drivers & restraints impact analysis, and the market attractiveness index to provide a well-studied market assessment.