(PharmaNewsWire.Com, August 06, 2021 ) The Key Growth Elements in Detailed?
The Body composition analysis is the process to evaluate the amount of fat, muscle, and bone in the body. It gives the precise measurement of body fat in relation to lean body mass. Evaluation of body composition is essential in order to determine the risks associated with high or low levels of body fat. The growth of the overall body composition analyzers market can be contributed to rise in obese population across the globe, growing health and fitness consciousness among people, increasing government initiatives to encourage physical activity and technological advancements.
Worldwide Growth Opportunities in Terms of Revenue:
The Body Composition Analyzers Market is poised to reach USD 668.16 Million, growing at a CAGR of 12.7%
Based on product, the market is segmented into bio-impedance analyzer, dual energy X-ray absorptiometry (DEXA), skin fold Calipers, air displacement plethysmography (ADP) and hydrostatic weighing. The bio-impedance analyzer is expected to account for the largest share of the body composition analyzers market, by product in 2016 and is expected to grow at highest CAGR. This large share can be attributed to the simplicity, low cost, and better accuracy as compared to other body composition analyzers.
Based on end users, the Body Composition Analyzers Market is segmented into hospitals, fitness clubs and wellness centers, academic and research centers. In 2016, hospitals segment is estimated to account for the largest share of the body composition analyzer market, by end users in 2016 and is expected to grow at highest CAGR. The growth of this segment can be attributed to the rise in osteoporosis cases, increasing adoption of body composition analyzers to assess the nutritional status in patients and increasing health consciousness among masses.
The Body Composition Analyzers Market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, North America is expected to account for the largest share of the body composition analyzer market. Its large share can be attributed to rising obesity rates and increasing health clubs and fitness centers in the U.S. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period due to rising trend of overweight and obesity in China, and foothold of local players in Japan.
Major Key Players Mentioned in the research report are:
The major players in body composition analyzers market include InBody Co., Ltd (South Korea), Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.) and GE Healthcare (U.S.) among others.
Increasing adoption of body composition analyzers to assess the nutritional status in patients is driving the growth of body composition analyzers market;
- Home users;
Over the years, technological advancements and ease of operations have enabled the use of body composition analyzers at home. Measuring fat percentage is an important tool in weight management. The use of body composition analyzers by home-users has been made simpler due to the development of products that offer complete body composition analysis without professional help. Bio-impedance analyzers provide various body composition values, such as lean body weight, body mass index, basal metabolic rate, and total body water, among other factors.
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