Global Body Composition Analysers Market, By Product Type (Bio impedance Analyser, Skinfold Callipers, Hydrostatic Weighing Equipment, Air Displacement Plethysmography, Dual Energy X-Ray Absorptiometry, and Others), Compartment Model Type (Two-Compartment Model, Three-Compartment Model, and Multi-Compartment Models), End User (Hospitals, Fitness Clubs and Wellness Centres, Academic and Research Centres, and Others) - Industry Trends and Forecast to 2030.
Body Composition Analysers Market Analysis and Size
The primary factor bolstering the market's growth is the rapid growth of the obese population due to sedentary lifestyles and unhealthy dietary patterns. With the rising obesity rates and other metabolic disorders, there has been an increase in awareness among individuals about the importance of health and wellness. This has encouraged them to join health clubs and fitness centres to reduce weight.
Data Bridge Market Research analyses that the market, which was USD 500.00 million in 2021, would rocket up to USD 1,500.00 million by 2029 and is expected to undergo a CAGR of 12.00% during the forecast period. This indicates the market value. Arthroscopy dominates the application segment of the market owing to the growing demand for surgical procedures. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Body Composition Analysers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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By Product Type (Bio impedance Analyser, Skinfold Callipers, Hydrostatic Weighing Equipment, Air Displacement Plethysmography, Dual Energy X-Ray Absorptiometry, and Others), Compartment Model Type (Two-Compartment Model, Three-Compartment Model, and Multi-Compartment Models), End User (Hospitals, Fitness Clubs and Wellness Centres, Academic and Research Centres, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia- Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, rest of Middle East & Africa
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Market Players Covered
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Bodystat Ltd. (U.K.), COSMED Srl (Italy), GE Healthcare (U.S.), Hologic Inc. (U.S.), Inbody Co. Ltd.(South Korea), Omron Corporation (Japan), RJL Systems Inc. (U.S.), Seca GmbH & Co. Kg. (Germany), SELVAS Healthcare (South Korea) and Tanita Corporation (U.S.) among others.
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Market Opportunities
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Market Definition
Body Composition Analysers can be defined as devices that provide surgeons with better visualization of the surgical site. These systems include two movable arms and a viewing platform mounted on the distal end of the first moving arm.
Global Body Composition Analysers Market Dynamics
Drivers
- Rising number of obese patients
A growing number of obese patients is directly influencing the demand for body composition analyzers
The emergence of obesity as a global epidemic is anticipated to create strong demand for body composition analyzers. With increasing cases of obesity, around 47%, 35%, and 39% of the population in the U.S., the U.K., and Mexico are estimated to be obese by 2030.
The growing prevalence of obesity among adults and children can be credited to factors including sedentary lifestyles, hypertension, high blood lipids, and diabetes mellitus. These incidents along with rising awareness about healthy lifestyles, are expected to provide a significant impetus to the global market for body composition analyzers.
- Research and development proficiencies
Rising expenditure for research and development proficiencies, especially in the developed and developing economies pertaining to medical instruments and devices, will further create lucrative market growth opportunities. R&D proficiencies being conducted to develop medical instruments are also expected to drive the market growth.
- Growing investment in healthcare facilities
Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering the growth of the market. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further expected to create lucrative market opportunities.
Opportunities
- Upsurge in the public-private funding
Furthermore, an upsurge in the public-private funding for target research activities, rising demand for minimally invasive surgeries, growing participation of youngsters in sports, and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. In addition, the rising internet penetration rate, increasing adoption of arthroscopic surgeries, rise in the elderly and obese population globally, and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges
- Awareness in backward economies
On the other hand, high costs associated with research and development proficiencies, limited infrastructural facilities, and an absence of awareness in backward economies are expected to obstruct market growth. Also, the lack of favorable reimbursement scenarios and technology penetration in developing economies, the heavy customs duty imposed on medical devices, and the lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.
This Body Composition Analysers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Body Composition Analysers market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
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In November 2021, General Electric announced it would demerge into three investment-grade public companies, GE HealthCare being one of the three planned divestitures. The spin-off of GE HealthCare occurred during the first week of January 2023.
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In May 2021, Omron Corporation launched a collaborative research program with the title healthcare medical AI to prevent the events of cardiovascular diseases with AI and home measurement data.
Global Body Composition Analysers Market Scope
The market is segmented on the basis of product type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Bio-impedance Analyzer
- Dual Energy X-ray Absorptiometry Equipment
- Skinfold Calipers
- Air Displacement Plethysmography Equipment
- Hydrostatic Weighing Equipment
End User
- Hospitals
- Fitness Clubs & Wellness Centers
- Home Users
Global Body Composition Analysers Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, type, price range, application, and end user as referenced above.
The countries covered in this market report U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia- Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, rest of Middle East & Africa
North America is expected to dominate the market because of the strong base of healthcare facilities, the strong presence of major players in the market, increased cases of surgical procedures among athletes, and the rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The Body Composition Analysers market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Body Composition Analysers market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the Body Composition Analysers market. The data is available for the historic period 2010-2020.
Competitive Landscape and Body Composition Analysers Market Share Analysis
The Body Composition Analysers market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the Body Composition Analysers market.
Some of the major players operating in the Body Composition Analysers market are:
- Bodystat Ltd. (U,K)
- COSMED Srl (Italy)
- GE Healthcare (U.S)
- Hologic Inc. (U.S)
- Inbody Co. Ltd.(South Korea)
- Omron Corporation (Japan)
- RJL Systems Inc. (U.S)
- Seca GmbH & Co. Kg. (Germany)
- SELVAS Healthcare (South Korea)
- Tanita Corporation (U.S)
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