Global Body Composition Analyzers Market, By Product (Bioimpedance Analyzer, Skinfold Caliper, Dual Emission X-Ray Absorptiometry (Dexa), Hydrostatic Weighing, Air Displacement Plethysmography), By End-User (Private Clinics, Offices, Health Clubs, Hospitals, Others), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World) – Trends and Forecast to 2024
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Global Body Composition Analyzers Market is expected to reach USD 1,790.50 million by 2024 from USD 998.36 million in 2016, at a CAGR of 7.6%.
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Body Composition Analyzers Market
The major factors driving the growth of this market are aging population globally, rising obesity globally, government initiatives, and key players are taking strategic decisions to gain market share, increasing health club memberships, growing health and fitness consciousness and increasing diseases due to changing lifestyle.On the other hand,high cost of the equipment and the regulatory frame work are some of the factors which may hinder the growth of the market.
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Global Body Composition Analyzers Market Segmentation:
The Global Body Composition Analyzers Market is segmented on the basis of product type, end-users and region. The report provides data for 2015 to 2024, the base year is 2016 and the forecast period is 2017 to 2024.
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The 5 types of products are Bio impedance Analyzers (BIA), Dual-Energy X-Ray Absorptiometry (DEXA), Skinfold Calipers, Air Displacement Plethysmography (ADP), and others (Hydrostatic Weighing (HwD), Ultrasound Body Composition). In 2017, BIA market segment is expected to dominate the market with around 68.0% market share and is expected to grow at the highest CAGR in the forecast period 2017-2024.
The major end-users of the market are Health Clubs, Hospitals and Clinics, Corporate Settings, and others (Medical Research, Universities). In 2017, health clubs market segment is expected to dominate the market and is expected to grow with the same trend till 2024.
On the basis of geography, the global body composition analyzers market is segmented into six major regions which include North America, Europe, Asia-Pacific, South America, Middle East and Africa.
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Global Body Composition Analyzers Market Key Drivers:
Some of the major factors driving the market for body composition analysers market, are aging population globally, rising obesity globally, government initiatives, and key players are taking strategic decisions to gain market share, increasing health club memberships, growing health and fitness consciousness and increasing diseases due to changing lifestyle.
The government initiatives taken to create awareness and reduce the cases of obesity is fueling the market
High cost of the equipment and the regulatory frame work are some of the factors which may hinder the growth of the market.
The rise in obesity is going to boost the growth of the body composition market as people are becoming excessively health conscious.
The growth of the aging population globally has led to the growth for medical devices
Global Body Composition Analyzers Market Key Points :
Tanita (Japan), is going to dominate the body composition market following with InBody CO., LTD. (South Korea), along with others are, Omron Healthcare, Inc. (Japan), Selvashealthcare (Korea), Bodystat (U.K.), Hologic, Inc. (U.S.), GE Healthcare (U.K.), COSMED (Italy), Beurer GmbH (Germany), seca (Germany), RJL SYSTEMS (U.S.A), Maltron International Ltd. (U.K.), LaicaSpA (Italy)among others.
Health clubs segment is growing with the highest CAGR.
Globally BIA segment is expected to dominate the global body composition analyzers marketwith highest CAGR.
North America is expected to dominate the global skinfold caliper market
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