$765+ Mn Body Fat Measurement Market to Grow at 6.8% CAGR, Globally, by 2031
Allied Market Research published a report, titled, “Body Fat Measurement Market by Product (Calipers, Body scales, Others), by Technique (Bio Impedance Analysis, Air Displacement Plethysmography, Dual Emission Xray Absorptiometry, Hydrostatic Weighing, Others), by End User (Hospitals and Clinics, Fitness Clubs and Wellness Centers, Home Users): Global Opportunity Analysis and Industry Forecast, 2022-2031.” According to the report, the global body fat measurement industry generated $395.13 million in 2021 and is estimated to reach $765.0 million by 2031, witnessing a CAGR of 6.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Leading Market Players
- Accufitness, LLC
- Beurer GmbH
- Bodystat Ltd.
- Charder Electronic Co, Ltd.
- Cosmed S.R.L
- Diagnostic Medical Systems
- Garmin Ltd.
- General Electric Company (GE Healthcare)
- Hologic, Inc.
- Inbody Co., Ltd.
- Koninklijke Philips N.V
- Omron Corporation
- RJL Systems, Inc.
- SELVAS AI INC. (JAWON MEDICAL CO., LTD.)
- SECA GmbH
- CO.KG.
- Tanita corporation
- Withings
The Fitness and Wellness Industry Poised for Unprecedented Growth
In the realm of body fat measurement, the fitness clubs and wellness centers are set to assert their dominance and lead the market in terms of revenue during the projected period.
In 2021, the fitness clubs and wellness centers segment accounted for a substantial share, comprising more than three-fifths of the global body fat measurement market. Projections indicate that this segment will continue to hold a commanding position in the market during the forecast period. Notably, it is expected to experience the swiftest Compound Annual Growth Rate (CAGR) of 7.1% from 2022 to 2031. This surge is attributed to the increasing proliferation of gyms and wellness centers and a growing awareness of the importance of maintaining good health among the global population. Our research also delves into the evaluation of other segments, encompassing hospitals, clinics, and home users.
The Unwavering Prowess of Bio-Impedance Analysis
Within the spectrum of techniques employed for body fat measurement, the bio impedance analysis technique has firmly established itself as the frontrunner. In 2021, this technique secured a prominent share, encompassing over two-fifths of the global body fat measurement market. Remarkably, it is expected to maintain its leading position during the forecast period, with a remarkable growth trajectory. Anticipated to exhibit the highest CAGR of 7.4% in 2031, this sustained growth can be attributed to the increasing adoption of bio-impedance analyzers. These devices are preferred due to their precision, rapid results, and user-friendly nature, making them a favored choice among health and wellness professionals.
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Asia-Pacific to achieve the fastest growth by 2031
Based on region, Asia-Pacific is anticipated to manifest the fastest CAGR of 7.7% during the forecast period, 2022-2031, owing to the surge in obese population and increase in health awareness in this region. However, North America held the largest market share in 2021, accounting for more than two-fifths of the global body fat measurement market, and is likely to lead the trail throughout the forecast period. This is attributed to technological advancements in body fat measurement techniques, integration of advanced devices and software processes in body fat measurement devices, presence of key players and robust infrastructure in the region. The other regions discussed in the report are Europe and LAMEA.
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