Body Composition Analyzers are devices or machines used to measure the amount of body fat, muscle, bone, and other tissues in a person. There are several methods of body composition analysis, including bioelectrical impedance analysis (BIA), dual-energy x-ray absorptiometry (DXA), hydrostatic weighing, and skinfold thickness measurements. These analyzers are often used by healthcare professionals, fitness trainers, and researchers to assess the health and physical fitness of individuals, monitor changes in body composition over time, and evaluate the effectiveness of diet and exercise programs.
What is the market size of Body Composition Analyzers?
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.
- CAGR: 4.5%
- Current Market Size: USD 398.22 Million
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2020– 2030
- Base Year: 2019
- Report Key Pointer: COVID-19 Outbreak & Impact
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Expansion in corpulent populace, proactive drives by government to advance solid way of life, and ascend in wellbeing cognizance among individuals work with the development of the market. In any case, high starting expense and severe guidelines in regards to utilization of body organization analyzers impede the market development. Then again, expansion in the quantity of exercise centers and gyms would set out new open doors on the lookout.
Rise in obese population, increase in government initiatives to promote healthy lifestyle, and surge in health awareness drive the growth of the global body composition analyzers market. On the other hand, high equipment cost and stringent regulatory framework regarding the use of body composition analyzers restrain the growth to some extent. However, rise in number of gyms and fitness clubs is anticipated to create lucrative opportunities in the industry.
COVID-19 Outbreak & Impact:
Extended lockdowns and stay-at-home orders made it difficult for people to bask in the convenience of home-delivered food and consume carbohydrated beverages and non-healthy fat outside, especially during the initial phase of the pandemic. This factor, in turn, dwindled the demand for body composition analyzers for monitoring health throughout lockdowns, thereby, impacting the global body composition analyzers market negatively.
However, as the global situation gets back to normalcy, the market is anticipated to recoup very soon.
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Key Findings of Study:
- Based on product, the bio-impendence segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 5.6% from 2021 to 2030.
- By end user, the fitness clubs & wellness centers segment held the largest market share in 2020, and is expected to remain dominant throughout the forecast period.
Key players in the industry-
- Bodystat Ltd.
- COSMED Srl
- General Electric Company (GE Healthcare)
- Hologic, Inc.
- Inbody Co., Ltd.
- Omron Corporation
- RJL Systems, Inc.
- SELVAS AI Inc. (Jawon Medical Co., Ltd.)
- Seca GmbH & Co.Kg.
- Tanita Corporation
By Product Type:
- Bio-impedance Analyzer
- Dual Energy X-ray Absorptiometry Equipment
- Skinfold Calipers
- Air Displacement Plethysmography Equipment
- Hydrostatic Weighing Equipment
By Regional Analysis:
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.
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
- Asia-Pacific (Australia, Japan, China, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.