The global body composition analyzers market in terms of revenue was estimated to be worth $0.8 billion in 2024 and is poised to reach $1.2 billion by 2029, growing at a CAGR of 9.3% from 2024 to 2029. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
Body Composition Analyzers Market Dynamics
DRIVER: Increasing obesity linked disorders
The growing prevalence of obesity and the subsequent rise in metabolic disorders are driving the demand for body composition analyzers. Body composition devices provide detailed insights, helping to diagnose and manage conditions like diabetes and cardiovascular diseases. As health consciousness increases, more individuals and healthcare providers are turning to body composition analysis for effective health management. This trend is expected to significantly boost the growth of the body composition analyzers market.
RESTRAINT: Availability of alternative methods to analyze body composition
The growth of the body composition analyzers market is restrained by the availability of alternative methods, such as traditional BMI calculations and weighing scales. These alternatives are often perceived as more cost-effective or convenient which can deter the adoption of more advanced body composition analyzers. Despite being less precise, their widespread use and familiarity among consumers and professionals pose a significant challenge to the market’s expansion.
OPPORTUNITY: Growing number of fitness clubs and wellness centers across the globe
The rising number of fitness clubs and wellness centers is creating significant growth opportunities for the body composition analyzers market. These centers are increasingly adopting advanced body composition analysis tools to offer personalized fitness and nutrition plans, which enhance their service offerings. With more people joining fitness and wellness programs, the demand for precise body composition measurement continues to rise, driving market expansion.
CHALLENGE: Limited awareness in developing countries
Limited awareness of body composition analysis creates a significant challenge to the growth of the body composition analyzers market. Many consumers and healthcare professionals do not fully understand its benefits compared to traditional metrics like BMI. This lack of knowledge results in lower adoption rates, as people continue to rely on familiar but less accurate methods. Consequently, the market’s expansion is hindered by the need for increased education and awareness about its advantages.
North America accounted for the largest share of the body composition analyzers industry in 2023.
Categorized into six primary regions, namely North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries, the body composition analyzers market witnessed North America taking the forefront in 2023. The prevalence of obesity and related health concerns in the region leading to individuals to monitoring their body composition more closely, fueling market growth.
Prominent players in the Body Composition Analyzers Market include:
- GE Healthcare (US)
- Hologic Inc. (US)
- Tanita Corporation (Japan),
- InBody Co.,Ltd. (South Korea)
- Omron Corporation (Japan)
Recent Developments of the Body Composition Analyzers Industry:
- In March 2024, InBody (South Korea) Unveils Next-Generation Body Composition Analyzers: The InBody 380 and InBody 580 in US.
- In July 2023, Omron Corporation (Japan) has begun the construction of its new plant in Chennai, India which aims to enhance its position in the domestic market for home healthcare devices and expand its international manufacturing footprint, which includes sites in Japan, China, Vietnam, Italy, and Brazil.
- In October 2022, InBody Co., Ltd. (South Korea) partnered with iLoveKickboxing (US) and offered iLoveKickboxing members access to high-quality data about their body fat percentage, muscle mass, and other biometrics. It enabled them to monitor changes over time via the InBody App.
- In April 2022, InBody (South Korea) launched its BWA 2.0 body water analyzer which is a professional-grade device that expands upon the outputs measured by the InBody S10 in US.