Body Composition Analyzers Market Analysis | 2022-2028

“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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Market Dynamics

Introduction

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 Drivers

The market is expanding due to several causes, including a sizable patient population that is 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. 

Recent Developments

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:

• In April 2022, the BWA 2.0 body water analyzer, which offers information on how body composition and body water affect health, was made available 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.
• In January 2022, Withings released Body Scan 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.

Segments Analysis

By Product Type

“The bio-impedance analyzer sector held the largest market share during the forecast period”.

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 fitness centers segment captured the largest market share during the forecast period”.

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 North American region is expected to dominate the body composition analyzers market”.

The 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 key players in the Body Composition Analyzers Market (arranged alphabetically)

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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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