Body Composition Analyzers Market

Global Body Composition Analyzers Market:

The global body composition analyzers market size reached US$ 775.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,471.3 Million by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032. The escalating growth of the obese population, owing to passive lifestyles and unhealthy dietary habits, is stimulating the market.

Body Composition Analyzers Market Analysis:

• Major Market Drivers: An increased emphasis on well-being, general health, and physical fitness, as well as continued developments in body measurement technologies, are propelling the market.
• Key Market Trends: The rise of wearable fitness gadgets that incorporate body composition tracking is acting as a significant growth-inducing factor.
• Competitive Landscape: Some of the prominent players in the market include Bodystat Ltd., COSMED Srl, GE Healthcare, Hologic Inc., Inbody Co. Ltd., Omron Corporation, RJL Systems Inc., Seca GmbH & Co. Kg., and SELVAS Healthcare, and Tanita Corporation, among many others.
• Geographical Trends: In North America, high obesity rates and improved healthcare infrastructure are driving the market. Asia Pacific, with its inflating urbanization levels, increasing health awareness, and the rising disposable income, is witnessing robust market growth. The aging population, combined with the widespread emphasis on exercise and preventive healthcare, is driving market expansion in Europe. The elevating investments in healthcare infrastructure are further fueling the market in Latin America. In the Middle East and Africa, economic progress and a growing emphasis on wellness drive consistent market growth.
• Challenges and Opportunities: The high cost of advanced devices, which limits the accessibility of smaller healthcare facilities, hinders the market. However, developing more affordable models will continue to catalyze the market over the forecast period.
   

Body Composition Analyzers Market Trends:

Integration of Artificial Intelligence and Machine Learning

The integration of artificial intelligence and machine learning in composition assessment devices enhances accuracy and user experience by detecting health dangers based on data trends and giving actionable improvement strategies, making them useful for both professional and personal use. In July 2024, Samsung Electronics announced the release of the Galaxy Ring, Galaxy Watch7, and Galaxy Watch Ultra, bringing the power of Galaxy AI to more people via wearables meant to enable end-to-end wellness experiences for everyone. This is increasing the body composition analyzers market price.

Rising Demand for Multifunctional Devices

Body composition analyzers, which can monitor heart rate, blood pressure, metabolic rate, and other indicators, are becoming increasingly popular. This is acting as a significant growth-inducing factor. Consumers want all-in-one health tracking systems that go beyond basic body composition assessments. In May 2024, Xiaomi launched its latest body composition scale, the Mijia Body Composition Scale S200, which features high-precision sensors, multi-purpose weighing capabilities, and comprehensive health metrics tracking.

Widespread Popularity of Wearable and Portable Devices

Wearable and portable health monitoring analyzers are becoming increasingly popular as individuals seek convenience and on-the-go health tracking. Smartwatches and handheld analyzers enable quick and easy monitoring of body fat, muscle mass, and other vital factors without large machinery. In March 2024, Amazfit introduced the body composition analyzer mat, which pairs with a smartwatch to improve health tracking. It uses bioelectrical impedance analysis (BIA) to obtain detailed body composition values.

Global Body Composition Analyzers Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product and end user.

Breakup by Product:

• Bioimpedance Analyzer
• Skinfold Calipers
• Hydrostatic Weighing Equipment
• Air Displacement Plethysmography
• Dual Energy X-Ray Absorptiometry
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes a bioimpedance analyzer, skinfold calipers, hydrostatic weighing equipment, air displacement plethysmography, dual energy x-ray absorptiometry, and others.

Bioimpedance analyzer, which accounts for a significant body composition analyzers market share, is widely used due to its non-invasive nature, utilizing electrical currents to assess body fat and muscle composition; InBody and Tanita are well-known brands that sell such devices. Skinfold calipers, a more manual and affordable method of measuring fat beneath the skin, are widely used in fitness tests. Hydrostatic weighing equipment, while exceedingly accurate, is less common due to the need for specialized water tanks. Air displacement plethysmography, as proven by the Bod Pod, uses air displacement to measure body volume and density, giving a non-invasive and accurate alternative. Dual energy X-ray absorptiometry (DEXA) is the gold standard for precise body composition analysis and is commonly used in medical contexts to assess bone.

Breakup by End User:

• Hospitals
• Fitness Clubs and Wellness Centers
• Academic and Research Centers
• Others
   

The report has provided a detailed breakup and analysis of the market based on end user. This includes hospitals, fitness clubs and wellness centers, academic and research centers, and others.

Hospitals utilize devices, such as DEXA scanners, to perform precise body composition measurements, particularly in the diagnosis of osteoporosis and the treatment of obesity-related illnesses. For example, GE Healthcare's DEXA machines are commonly used in medical facilities to assess bone density and fat distribution. Bioimpedance analyzers, such as those made by Tanita and InBody, are commonly used in fitness clubs and wellness centers to help clients track muscle mass, body fat, and overall fitness levels during routine check-ups or personal training sessions. Meanwhile, academic and research institutes use cutting-edge techniques such as hydrostatic weighing and air displacement plethysmography to undertake in-depth studies on health, fitness, and body composition.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

High obesity rates and strong demand from healthcare facilities and fitness centers are driving the market in North America. Besides this, increased health awareness and disposable income are augmenting the market in Asia Pacific. Europe's demand remains stable, owing to a focus on preventative healthcare and an aging population. Latin America is experiencing consistent growth as healthcare infrastructure improves and fitness trends gain popularity. Economic development and increased healthcare spending in the Middle East and Africa are fueling market advancement.

Competitive Landscape:

The research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• Bodystat Ltd.
• COSMED Srl
• GE Healthcare
• Hologic Inc.
• Inbody Co. Ltd.
• Omron Corporation
• RJL Systems Inc.
• Seca GmbH & Co. Kg.
• SELVAS Healthcare
• Tanita Corporation
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Body Composition Analyzers Market Recent Developments:

• July 2024: Samsung Electronics announced the release of the Galaxy Ring, Galaxy Watch7, and Galaxy Watch Ultra, bringing the power of Galaxy AI to more people via wearables to enable end-to-end wellness experiences for everyone.
• May 2024: Xiaomi launched its latest body composition scale, the Mijia Body Composition Scale S200, which features high-precision sensors, multi-purpose weighing capabilities, and comprehensive health metrics tracking.
• March 2024: Amazfit introduced the body composition analyzer mat, which pairs with a smartwatch to improve health tracking. It uses bioelectrical impedance analysis (BIA) to obtain detailed body composition values.

Body Composition Analyzers Market Report Scope:

Key Questions Answered in This Report:

• How has the global body composition analyzers market performed so far, and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global body composition analyzers market?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global body composition analyzers market, and who are the key players?
• What is the degree of competition in the industry?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the body composition analyzers market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global body composition analyzers market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the body composition analyzers industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.