Body Composition Analyzers Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Body Composition Analyzers Market in 2021

The global body composition analyzers market is expected to witness a growth rate of 4.2% CAGR from 2021 to 2030. This growth is projected to result in the market reaching a value of USD 987.6 million by 2028.

The market size of body composition analyzers in 2021 is estimated to be around USD 680 million, with a steady increase expected over the forecast period.

COVID-19 Impact on the Body Composition Analyzers Market

The COVID-19 pandemic had a significant impact on the body composition analyzers market. The outbreak led to disruptions in the supply chain, manufacturing processes, and distribution networks of these devices.

With the focus on maintaining health and wellness during the pandemic, there was an increased awareness and demand for body composition analyzers, especially in home and healthcare settings.

Body Composition Analyzers Dynamics

The body composition analyzers market is driven by factors such as the rising prevalence of obesity, growing health consciousness among individuals, and advancements in technology leading to the development of more accurate and user-friendly devices.

Increasing adoption of these analyzers in fitness centers, hospitals, and research institutions is also contributing to the market growth.

Segments and Related Analysis

By Type

Segmentation by type includes bio-impedance analyzers, dual-energy X-ray absorptiometry (DEXA), air displacement plethysmography, and others. Among these, bio-impedance analyzers are expected to dominate the market due to their non-invasive nature and ease of use.

By End User

The end user segment comprises hospitals, fitness centers, academic & research institutions, and others. Hospitals are anticipated to hold the largest market share due to the increasing focus on preventive healthcare and the rising number of patients with chronic diseases.

By Region Analysis

North America

In North America, the body composition analyzers market is driven by the presence of key market players, high healthcare expenditure, and a growing emphasis on fitness and wellness. The region is anticipated to maintain its leading position during the forecast period.

Europe

Europe is expected to witness significant growth in the body composition analyzers market due to increasing health awareness, government initiatives promoting healthy lifestyles, and the presence of advanced healthcare infrastructure.

Asia Pacific

The Asia Pacific region is projected to experience rapid market growth owing to the increasing disposable income, rising prevalence of chronic diseases, and growing focus on fitness among the population. Countries like China and India are expected to be major contributors to market expansion.

Key Market Players and Competitive Landscape

The key players in the body composition analyzers market include InBody Co., Ltd., Tanita Corporation, Beurer GmbH, Hologic, Inc., GE Healthcare, Omron Healthcare, Inc., Bodystat Ltd., and others. These companies focus on research and development, product launches, partnerships, and acquisitions to strengthen their market presence.

Recent Happenings in the Body Composition Analyzers Market

1. InBody Co., Ltd. introduced a new series of body composition analyzers with enhanced features for accurate measurements and data analysis.

2. Tanita Corporation collaborated with a leading health and fitness organization to promote the benefits of body composition analysis for overall wellness.

3. Beurer GmbH launched a compact and portable body composition analyzer for home use, catering to the increasing demand for personal health monitoring devices.