Body Composition Analyzers Market Revenue Will Increase at $618.71 Million Globally by 2030, Says AMR

According to the report published by Allied Market Research, the global body composition analyzers market generated $398.22 million in 2020, and is expected to hit $618.71 million by 2030, registering a CAGR of 4.5% from 2021 to 2030. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

Increasing prevalence of obesity and related diseases: The rising prevalence of obesity and related diseases, such as diabetes and cardiovascular diseases, is driving the demand for body composition analyzers. These devices are used to measure body fat, muscle mass, and water content, which can help healthcare professionals assess the risk of obesity-related diseases.

Technological advancements: The body composition analyzer market is seeing a surge in technological advancements, such as the development of wireless and portable devices that can be easily used in clinics, hospitals, gyms, and homes. Some of these devices also offer features such as cloud-based data management and real-time tracking.

Growing health and fitness awareness: The increasing awareness about health and fitness among people is also driving the demand for body composition analyzers. Many individuals are now monitoring their body composition to achieve their fitness goals and improve their overall health.

Increasing adoption in research studies: Body composition analyzers are also being widely adopted in research studies to investigate the relationship between body composition and various health outcomes. This has led to a significant increase in demand for advanced and accurate body composition analyzers.

Competitive market: The body composition analyzer market is highly competitive, with several established players and new entrants vying for market share. Manufacturers are focusing on developing innovative and advanced products to stay ahead of the competition.

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Market Drivers:

Growing health and fitness awareness: The increasing awareness about health and fitness among people is also driving the demand for body composition analyzers. Many individuals are now monitoring their body composition to achieve their fitness goals and improve their overall health.

Increasing adoption in research studies: Body composition analyzers are also being widely adopted in research studies to investigate the relationship between body composition and various health outcomes. This has led to a significant increase in demand for advanced and accurate body composition analyzers.

Government initiatives to promote healthy lifestyle: Several governments around the world are promoting healthy lifestyles to combat the rising burden of chronic diseases. For instance, the US government has launched the Healthy People 2030 initiative, which aims to improve the health and well-being of Americans by focusing on nutrition, physical activity, and obesity prevention. This is expected to drive the demand for body composition analyzers.

Rising demand for non-invasive medical devices: The demand for non-invasive medical devices is on the rise, as they are less painful and have lower risk of infection than invasive procedures. Body composition analyzers are non-invasive devices, which are gaining popularity among healthcare professionals and patients alike.

Market Segmentation:

The body composition analyzer market can be segmented on the basis of product type, end-user, and region.

By product type:

• Bio-impedance analyzer (BIA)
• Dual-energy X-ray absorptiometry (DEXA)
• Air displacement plethysmography (ADP)
• Skinfold calipers
• Hydrostatic weighing
• Others (including ultrasound, near-infrared interactance, and magnetic resonance imaging)

By end-user:

• Hospitals
• Clinics
• Fitness centers and gyms
• Academic and research institutes
• Home users

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Regional Growth Dynamics:

The market across North America held the lion’s share in 2020, garnering more than two-fifths of the global market. The Asia-Pacific region would cite the fastest CAGR of 5.4% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.

Competitive Landscape:

• Tanita Corporation
• InBody Co. Ltd.
• General Electric Company
• Omron Corporation
• Hologic Inc.
• Buerer GmbH
• Cosmed S.r.l.
• RJL Systems
• Seca GmbH & Co. KG
• Beurer GmbH

Recent developments:

• Launch of new products: Several companies have recently launched new body composition analyzers with advanced features. For instance, in 2021, Tanita Corporation launched the RD-545IM, a wireless body composition analyzer with an in-body monitor that measures visceral fat. Similarly, InBody Co. Ltd. launched the InBody H20N, a portable body composition analyzer that can measure body fat, muscle mass, and body water.
• Strategic partnerships and collaborations: Several companies are entering into partnerships and collaborations to expand their product offerings and geographic presence. For instance, in 2020, InBody Co. Ltd. partnered with Australia-based IDS Medical Systems to expand its presence in the Asia Pacific region.

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