As per our research report, the global body composition analyzers market size was valued at USD 610.42 million in 2022, and this value is further estimated to be growing at a CAGR of 7.68% from 2022 to 2027.
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The Coronavirus (COVID-19) was found in the Hubei region of Wuhan, China, in December 2019. The severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) virus, which is transferred between humans, causes the sickness. In addition, this virus causes a wide range of symptoms in individuals, from slight to severe. Furthermore, the infection poses a substantial risk of death among the elderly. Only a few vaccines have received emergency approval to protect against COVID-19. As a result, social isolation is recognized as the most important method for reducing the disease’s transmission. As a result of the outbreak, most markets are in decline. Because of lockdowns and stay-at-home orders, the COVID-19 pandemic is an unprecedented public health concern expected to influence the body composition analyzers market negatively. Due to these circumstances, the demand for body composition analyzers for health monitoring during lockdowns is reduced. The COVID-19 pandemic, on the other hand, is projected to boost the market growth favorably. Because the risk of COVID-19 infection remains high in obese patients, demand for body composition analyzers is projected to rise. Therefore, these advances are anticipated to impact the demand for health-monitoring body composition analyzers.
The rise in the global obese population, growing geriatric population base, increasing government measures to encourage physical exercise, and technology improvements contribute to the growth of the overall body composition analyzers market. People’s habits have become even more sedentary because of lockdowns. Many peodrink carbo-hydrated drinks and consume unhealthy fat because of lifestyle changes and the convenience of home-delivered food. Many people turn to home exercise regimens, and their health awareness grows. These advances are anticipated to impact the demand for health-monitoring body composition analyzers.
Major reasons that would produce attractive market growth prospects are the rising prevalence of metabolic illnesses and rising medical tourism. A rise in the number of gyms and fitness clubs, on the other hand, is likely to provide profitable opportunities for market players in the future. In addition, new developments in body composition analyzers, such as wireless technology and artificial intelligence (AI), are expected to broaden the variety of clinical indications. In the sports industry, where sports scientists, sports authorities, centers, and personal instructors, and specific sports training agencies are progressively using these analyzers, the BCA market has an immense opportunity.
The high cost of equipment is projected to limit the market’s expansion. Body composition analyzers are more expensive because they have more advanced features and functionality. The cost of an instrument is determined by its intended use. Furthermore, because university research facilities have limited resources, it is difficult for them to afford these systems.
In developing and underdeveloped economies, a lack of awareness and an incorrect and unfavorable reimbursement scenario will stymie market expansion. Furthermore, the government’s strict requirements on product certification will provide further obstacles to the market. The market growth rate would also be hampered by a scarcity of trained professionals in developing nations and the inaccuracy of certain analyzers.
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SEGMENTS COVERED UNDER THIS REPORT:
- Bio-Impedance Analyser
- Dual Energy X-Ray Absorptiometry (DEXA)
- Skinfold Callipers
- Air Displacement Plethysmography (ADP)
- Hydrostatic Weighing
By End User:
- Fitness & Wellness Centres
- Academic & Research Centres
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
KEY MARKET INSIGHTS:
Based on the product, the bio-impedance analyzer segment held the most significant share of the global body composition analyzers market in 2021. Furthermore, it is expected to increase substantially over the forecast period. The low cost of bio-impedance analyzers, ease of use, and higher accuracy than other body composition analyzers, and raising public awareness of healthy living have all contributed to this.
In 2021, the fitness centers segment dominated the global body composition analyzers market, which is projected to continue over the forecast period. The expansion of the body composition analyzers market has been propelled by a rise in health consciousness, an increase in the number of gyms and fitness clubs, and an increase in the prevalence of obesity worldwide. Furthermore, the market is growing due to government measures to promote a healthy lifestyle.
Geographically, North America led the market with the most significant share, which is projected to continue during the forecast period. This might be ascribed to a well-established healthcare infrastructure and ongoing R&D endeavors in body composition analyzer development. Fitness has become a more relevant objective for many people as the ideals of wellbeing and mindfulness have become increasingly significant to consumers. Over the years, the health and fitness industry in the United States has grown at a constant rate. Nearly 20% of adults in the United States are members of a fitness club.
Due to improving research and development capabilities, rising obesity rates, poor dietary patterns, and an ever-increasing senior population, Asia-Pacific is expected to grow fastest during the forecast period. Furthermore, because of the rise in obese people in countries such as Japan and China, the Asia Pacific body composition analyzers market is likely to develop in the future years. It also aids in the investigation of cumulative differences in body structure over a given length of time. In addition, it was also used to predict the likelihood of getting specific illnesses, such as skinfold measures and abdominal obesity.
InBody Co., Ltd (South Korea), Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.), and GE Healthcare are some of the noteworthy companies operating in the global body composition analyzers market profiled in this report.
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