Body Fat Measurement Market Growth Analysis and Opportunity |Key Players: Jawon Medical Co. Ltd, Beurer GmbH, Tanita Corporation, OMRON Global

The Body Fat Measurement Market to exceed USD 700 million by 2024 as per a new research report.

Rising prevalence of metabolic disorders characterized by high blood pressure, low ‘good cholesterol’ and high levels of triglycerides will be a high impact rendering factor for body fat measurement market. The metabolic disorder act as major risk factor for many life-threatening conditions including diabetes and cardiovascular diseases. The increasing awareness about these adverse effects of the metabolic disorders will boost the body fat measurement market over the forecast period.

Technological advancements have successfully enabled to provide accurate result at low cost. The growing accuracy associated with body fat measurement devices will further fuel the body fat measurement devices market growth.

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Rising prevalence of the obesity, increasing awareness regarding the body weight measurement and market expansion of large market players will expand the market over forecast period. However, the soaring prices associated with the body fat measurement devices is likely to hamper industry growth.
Bio impedance analyzers retained majority of market share as of 2016 and the trend is expected to continue over the forecast timeframe. The improved accuracy due to the continuous research and technical advancements will maintain the segment growth.

Affordability and portability associated with caliper body fat measuring devices is predicted to maintain the growth of this segment. However, the results may differ in terms of accuracy with the skin site selected for fat measurement. Even if the site is selected accurately the results may differ if the proper technique is not followed that further limits the growth of the product segment.

Air displacement plethysmograph applies whole-body densitometry principle to calculate body composition. Unlike hydrostatic weighing it uses air instead of water to measure body volume. Ease-of-use, elevated level of accuracy and fast test time will promote the growth of the product segment to some extent. However, the high cost associated with product will restrain the segment growth.

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Due to the unhealthy eating habits and changing lifestyle, the prevalence of obesity in China is increasing. Presence of large patient pool with obesity coupled with increasing incidences of metabolic disorders will boost the Chinese body fat measurement market over the forecast timeframe.
Sizable portion of population in UK is overweight due to the sedentary life style and desk-bound jobs. The high prevalence of obesity and increased awareness about its consequences is expected to drive body fat measurement devices market in UK.

Key industry players are Jawon Medical Co. Ltd, Beurer GmbH, Tanita Corporation, OMRON Global, Inbody Co., L’Accessorio Nucleare, GE Healthcare, Hologic, COSMED, AccuFitness The Diagnostic Medical Systems Group and Exertech.

Key insights from the report include:

Global body fat measurement market is projected to reach USD 798 million by 2024, from an estimated USD 402.6 million in 2015, at an anticipated CAGR of 8% from 2016 to 2024.

Bioimpedance analyzers segment attributed to largest share with USD 144 million in 2015. The large share is accredited to its technological advancements resulting into increased accuracy.

Europe body fat measurement market size valued at USD 126.7 million in 2015, accounted for the 31.5% of overall revenue share. Germany and UK were responsible for regional share of 23.5% and 14% respectively.

The threat of new entrants is high owing to simple development process of the BIA and caliper devices. However, it is relatively difficult for the new players to develop DEXA or ADP.

China, and Japan will drive the industry growth due to presence of large patient population base, and rising screening for obesity.

The industry is fragmented with the presence of several key players such as GE Healthcare, COSMED and Tanita Corporation. Other key industry players include Omron, Beurer, Inbody and Hologic.

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This release was published on openPR.