Global Body Composition Analyzers Market (2020-2027)
Global Body Composition Analyzers Market, By Product Type (Bio Impedance Analyzers (BIA), Dual Energy X-Ray Absorptiometry (DEXA), Ir Displacement Plethysmography (ADP), Skinfold Caliper and Other), By Compartment Model Type (Two-Compartment Model, Three-Compartment Model and Multi-Compartment Model), By End User (Hospitals, Health Fitness Club, Academy, Clinics and Others), By Geography (North America, South America, Europe, Asia-Pacific, and The Middle East and Africa)– Industry Trends Analysis & Forecast till 2027
Global Body Composition Analyzers Market Definition:
A body is having different compositions such as water, mass, and fat. The method for measuring the amount of fat, muscle, and bone in the body is called Body composition evaluation. Several dimensions of body structure, in particular the volume and distribution of body fat and the number and structure of the lean mass, are now understood to be significant health consequences for infants and youth. Body Composition measurement is increasingly adopted in clinical practice; In comparison to the lean body mass, it provides the exact amount of body fat. Some kinds of analyzers may project average changes in the body composition over a given period.
Global Body Composition Analyzers Market Outlook:
Body Composition Analyzers have made significant breakthroughs in the field of medical devices. The focus on improved health and quality concerns promotes the use of Body Composition Analyzers Devices. Growth in the global body composition analyzer market will lead to an improvement in the world’s obese population, growing awareness, increasing preventive health services, increasing government programs to support physical activity, and technical advances. The demand for body Composition analyzers is expected to see the fastest growth rate in the Asia-Pacific region in the coming years. North America is expected to account for the highest share of the worldwide market for body Composition analyzers. Aiming market growth is motivated by the new entrants in the market, growing investments, Technological advancements, and increasing incidence of target diseases However, the High cost of Body Composition Analyzers might device restraint the growth of the body composition analyzers market. Throughout emerging economies, high demand for body composition analyzers, rising fitness industry, a growing number of weight loss clinics is expected to create plenty of market growth opportunities.
According to Pheonix Research, the Market Size of the Global body composition analyzers market is forecasted to grow at a healthy CAGR of 12.7% during 2020-27.
For geographically segmented North America dominated the market and the prime contributor in terms of revenue in the total global body composition analyzers market.
However, due to pandemic diseases such as COVID 19 have affected the market but after the situation market will create huge opportunities for Body Composition Analyzers Devices.
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GLOBAL BODY COMPOSITION ANALYZERS MARKET DYNAMICS:
• Increasing Generic population, are the key factors to increase the market
• High adoption of new technology and innovation
• Growing consumer’s preference for the use of Body Composition Analyzers for obesity and chronic disease will drive the market
• High cost of Body Composition Analyzers products might restraint the growth of the body composition analyzers Market
• The lack of limited usage at the level of end-users.
Global Body Composition Analyzers Market Segmentation:
BY PRODUCT TYPE
• BIO IMPEDANCE ANALYZERS (BIA)
o SINGLE FREQUENCY BIA
o MULTI FREQUENCY BIA
o BIO-IMPEDANCE SPECTROSCOPY
• DUAL ENERGY X-RAY ABSORPTIOMETRY (DEXA)
• AIR DISPLACEMENT PLETHYSMOGRAPHY (ADP)
• SKINFOLD CALIPER
BY COMPARTMENT MODEL TYPE
• TWO-COMPARTMENT MODEL
• THREE-COMPARTMENT MODEL
• MULTI-COMPARTMENT MODEL
BY END USER
• HEALTH FITNESS CLUB
• North America
• South America
o Rest of South America
o United Kingdom
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
• The Middle East and Africa
o South Africa
o Saudi Arabia
o United Arab Emirates
o Rest of the Middle East and Africa
Key Developments in the Market:
• In 2017, Bodystat has launched device in the UK “Bodystat 1500 Touch”. This device offers measurements of body composition and hydration. This product increase the company’s product line.
• In February 2013, GE Healthcare has collaborated with Complete Medical Services (USA). This collaboration will help GE Healthcare to boost more revenue from the U.S. market
• In 2017, InBody has launched its first fitness wearable. This product will increase the company’s product portfolio.
Competitive Analysis: Global body composition analyzers Market:
The global body composition analyzers market is highly competitive, and major players have used various approaches to raise their footprints on this market such as new product advancements, acquisitions, contracts, joint ventures, alliances, acquisition and others. The scope of the study includes body composition analyzers Market revenue for Global, North America, Asia-Pacific, South America, Europe and the Middle East & Africa.
Key Market Competitors: Global Body Composition Analyzers Market:
Few of the major competitors currently working in the body composition analyzers Market are
• GE HEALTHCARE
• KERN & SOHN
• INBODY CO., LTD
• TANITA CORPORATION
• OMRON CORPORATION
• HOLOGIC, INC