Global Body Fat Measurement Market is expected to grow at a CAGR of 12.37% during the forecast period from 2018-2025
A new research report published by Fior Markets with the title Global Body Fat Measurement Market by Product (Bio Impedance Analyzers, Body Fat Skinfold Calipers, Hydrostatic Weighing, Air Displacement Plethysmography, Dual Emission X-ray Absorptiometry, Others), End User, and Region” and Global Forecast 2018-2025.
As per the report, the global body fat measurement market is expected to grow from USD 512.92 Million in 2017 to USD 1,328.71 Million by 2025 at a CAGR of 12.37% during the forecast period from 2018-2025. North America is expected to dominate the market during the forecast period. North America is dominating due to rising awareness regarding obesity associated risks such as stroke, diabetes, and heart diseases is increasing demand for body fat measurement devices in the region. In addition, increasing consciousness regarding fitness and health, and advanced healthcare infrastructure in the region is stirring up the growth in the region.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Prominent players operating in the market are Tanita Corp, Omron HCB; AccuFitness, Beurer GmbH, GE Healthcare, COSMED S.r.l., Inbody Co. Ltd., Hologic Inc, Diagnostic Medical Systems Group and others. Major firms are incorporating various strategies to increase their market reach.
The product segment is divided into bioimpedance analyzers, body fat skinfold calipers, hydrostatic weighing, dual emission X-ray absorptiometry and others. The BIA segment accounted for the leading share and is expected to witness highest CAGR of 14.37% in the forecast period. Rapid developments in BIA machines, easy usage and cost effectiveness are driving the growth of the market. The end user segment is classified into hospitals and healthcare settings. Hospitals segment is dominating and held the largest market share of 43.27% in 2017. Rising prevalence of obesity along with availability of technologically advanced body fat measuring devices in hospitals are contributing to the growth of the market.
Growing prevalence of metabolic disorders and obesity and unhealthy lifestyles and excessive fast food consumption are driving the growth of the market in assessment period. High cost of these instruments may retrain the growth of the market. However, increasing adoption of these devices in developed economies is expected to boost the growth of the market in the forecast period.
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About the report:
The global body fat measurement market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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