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  • Body Composition Analyzers Market Analysis | 2022-2028

    Body Composition Analyzers Market Analysis | 2022-2028

    Body Composition Analyzers Market Analysis | 2022-2028
    Report code - SR2228 Delivery - 2 Weeks
    Body Composition Analyzers Market Size, Share, Trend, Forecast, Competitive Analysis, and See more...

    Market Insights

    The Body Composition Analyzers Market was estimated at US$ 563 million in 2021 and is expected to grow at a CAGR of 7.3% during 2022-2028 to reach US$ 839 million in 2028.

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    What is a body composition analyzer?

    Body composition analyzers are the tools used to measure various substances present in the body and offer their corresponding values at the examination location. Applications for body composition analyzers in sports and medical research are numerous, particularly in causal association studies in anthropology, diet, epidemiology, and others.

    Market Dynamics

    Body Composition Analyzers Market Report Overview

    Market Size in 2028

    US$ 839 million

    Market Size in 2021

    US$ 563 million

    Market Growth (2022-2028)

    7.3% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

     

    The market is expanding as a result of several causes, including a sizable patient population who are obese, an increase in the frequency of metabolic disorders, technology improvements, and growing public interest in health and fitness. For instance, the H20N Smart Scale was made available for home testing in the United States in June 2019 by the international medical technology business InBody. A body composition assessment tool called the H20N Smart Scale provides important health data like weight, body fat percentage, BMI, and skeletal muscle mass.

    Obesity is a metabolic disorder that is frequently linked to a variety of chronic diseases and can result in large rises in mortality and comorbidity. The proportion of obese people who undergo routine body composition assessments is rising. By 2030, one billion people worldwide, including one in five women and one in seven men, will be obese, according to the World Obesity Atlas 2022, issued by the World Obesity Federation. Additionally, obesity is a disorder that is more prevalent in emerging nations; as a result, it is anticipated that these nations' markets for body composition analyzers and other fat monitoring equipment will expand. Because the obese population is more susceptible to lifestyle illnesses, the sales of body composition analyzers have been expanding.

    Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

    According to the Organisation for Economic Co-operation and Development's (OECD) Health Policy Studies, the proportion of adults in OECD countries who are overweight or obese has reached 58% in 2019. In 34 of the 36 OECD countries, more than half the population was overweight, and it was predicted that about one in four individuals worldwide were obese. In the OECD, EU28, and G20 countries between 2020 and 2050, overweight and associated disorders will shorten life expectancy by around three years. The study further hypothesized that an increase in the body mass index (BMI) of the population will probably affect health budgets in many nations. This is mostly due to the enormous expenditures of treating chronic illnesses brought on by being overweight, like cancer, diabetes, and heart disease. According to estimates, 8.4% of OECD nations' health budgets go toward treating illnesses brought on by being overweight. Thus, numerous governments are starting programs to combat obesity. This will probably result in a rise in demand for body composition monitors. 

    Segments Analysis

    By Product Type

    The market is further segmented into bio-impedance analyzer, skinfold calipers, hydrostatic weighing equipment, air displacement plethysmography, dual-energy x-ray absorptiometry, and others. The sector for bio-impedance analyzers held the largest market share due to the equipment's accessibility and affordability, as well as its rising use in life-critical applications for monitoring renal functions.

    Body composition measurements are provided by bio-impedance analyzers, including lean body weight, BMI, BMR, and total body water, among others. An increase in the number of obese people, an aging global population, and significant government efforts to promote a healthy lifestyle are driving the growth of the body composition analyzers market. In addition, rising health club memberships and a general increase in health consciousness are anticipated to support the growth of the Body Composition Analyzers Market. A non-invasive technology called Bio-electrical Impedance Analysis (BIA), which is utilized by medical professionals to calculate body fat percentage has also been developed by industry participants. They have also developed ANT+ and Bluetooth wireless body composition analyzers with dual displays.

    By End-User Type

    The market is segmented into hospitals, fitness clubs, wellness centers, academic and research centers, and others. The fitness centers segment held the largest market share as a result of growing consumer awareness of body composition analyzers and rising demand in wellness centers and gyms to not only measure the amount of body fat for weight loss but also to provide a full body composition assessment to maintain health.

    Regional Analysis

    The body composition analyzers market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The body composition analyzers market is anticipated to be dominated by the North American region. Numerous variables, including rising obesity rates, more government funding, and an increase in the availability of health clubs and fitness centers, have been cited as contributing to the region's expansion.

    On the other hand, approximately 73% of Mexicans are overweight, according to research released by the Organisation for Economic Co-operation and Development (OECD) in January 2020 titled "Launch of the Study: "The Heavy Burden of Obesity: The Economics of Prevention." One of the OECD countries with the highest obesity rates is Mexico. Furthermore, the biggest percentage of obese people—34%—are morbidly obese. obesity's high prevalence in Mexico is creating demand for fitness monitoring devices.

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    Key Players

    The following are the major players in the body composition analyzers market:

    • Bodystat Ltd
    • Charder Electronic Co. Ltd
    • Cosmed 
    • EatSmart Inc.
    • Fitbit Inc.
    • Hologic Inc.
    • Inbody Co. Ltd
    • Koninklijke Philips NV
    • Maltron International Ltd
    • Omron Healthcare Inc.
    • Seca GmbH & Co. Kg
    • Tanita Corporation
    • Withings
    • Yunmai Smart Scale

    There are several significant players in the fiercely competitive industry for body composition monitors. In the body composition analyzers sector, numerous businesses are creating unique products, and mergers and acquisitions are also encouraging technological breakthroughs and business expansions.

    For instance:

    • The BWA 2.0 body water analyzer, which offers information on how body composition and body water affect health, was made available in April 2022 by InBody, a business that specializes in body composition technologies. The outputs of the InBody S10, which analyzes body composition and body water in users who are immobilized or have had limbs amputated, are expanded upon by this new professional-grade equipment.
    • Withings released Body Scan in January 2022, which tracks body composition, nerve activity in the sweat, and more. Withings stated that its next significant smart health product arrived in 2022, following the release of its most recent wearable at the end of 2021. Advanced body composition measurements, sweat nerve activity, vascular health, 6-lead ECGs, clinical assistance, and tailored health assessments are all provided by Body Scan.

    The overall competitive landscape has been affected due to many key factors. 

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Body Composition Analyzers Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Body Composition Analyzers Market 

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Body composition analyzers are the tools used to measure various substances present in the body and offer their corresponding values at the examination location. Applications for body composition analyzers in sports and medical research are numerous, particularly in causal association studies in anthropology, diet, epidemiology, and others.

    The body composition analyzers market is expected to grow at a CAGR of 7.3% during 2022-2028.

    The body composition analyzers market is likely to reach US$ 839 million in 2028.

    The market is expanding as a result of several causes, including a sizable patient population who are obese, an increase in the frequency of metabolic disorders, technology improvements, and growing public interest in health and fitness.

    The body composition analyzers market is anticipated to be dominated by the North American region. Numerous variables, including rising obesity rates, more government funding, and an increase in the availability of health clubs and fitness centers, have been cited as contributing to the region's expansion.

    The fitness centers segment held the largest market share as a result of growing consumer awareness of body composition analyzers and rising demand in wellness centers and gyms to not only measure the amount of body fat for weight loss but also to provide a full body composition assessment to maintain health.

    The major players in the body composition analyzers market are Bodystat Ltd, Charder Electronic Co. Ltd, Cosmed, EatSmart Inc., Fitbit Inc., Hologic Inc., Inbody Co. Ltd, Koninklijke Philips NV, Maltron International Ltd, Omron Healthcare Inc., Seca GmbH & Co. Kg, Tanita Corporation, Withings, Yunmai Smart Scale.

    The market is studied from 2016-2028.