Press release
Body Composition Analyzers Market Growing Demands and Precise Outlook - Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.)
The global Body Composition Analyzers market is valued at 700 million US$ in 2018 and will reach 1230 million US$ by the end of 2025, growing at a CAGR of 7.2% during 2019-2025.
The major key players covered in this report: InBody Co., Ltd (South Korea), Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.) and GE Healthcare (U.S.) among others.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Globally, the Body Composition Analyzers industry market is low concentrated as the manufacturing technology of Body Composition Analyzers is relatively matures than some high-tech equipment. And some enterprises, like Inbody, GE Healthcare, Hologic, etc. are well-known for the wonderful performance of their Body Composition Analyzers and related services. At the same time, Asia-Pacific, occupied 23.28% sales market share in 2017 is remarkable in the global Body Composition Analyzers industry because of their lowest cost of raw material and labor.
North America is expected to account for the largest share of the body composition analyzer market. The growth in the region has been attributed to the reasons, such as increase in the obesity rates, increase in the investments made by the government, and rise in the number of health clubs and fitness centers to encourage people for physical activities to stay fit. As per the data published in the State of Obesity 2018 report, obesity costs the United States USD 149 billion in medical expenses annually, with about half of those expenses paid by publicly financed Medicare and Medicaid programs. The trends in obesity have witnessed a relatively larger increment in the past few years, owing to the lesser physical activity and higher consumption of fast food. This trend is more prevalent in high income countries and is projected to impel the demand of body fat measurement devices and analyzers in the coming years.
This report segments the global Body Composition Analyzers Market based on Types are:
Bio-Impedance Analyzers, Dual-Energy X-Ray Absorptiometry (DEXA), Air Displacement Plethysmography (ADP), Others.
Based on Application, the Global Body Composition Analyzers Market is Segmented into:
Hospitals & Clinics, Fitness Clubs and Wellness Centers, Academic & Research Centers, Home Users.
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Regions covered by Body Composition Analyzers Market Report.
North America: United States, Canada, and Mexico.
Central and South America: Brazil and Argentina.
The Middle East and Africa: Saudi Arabia, and Turkey.
Europe: Germany, France, UK, Italy, Spain, and Russia.
Asia-Pacific: China, India, Japan, South Korea, Australia, Indonesia, and Singapore.
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis of segmentation help in offering precise results about the markets related to industry.
Significant Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of Body Composition Analyzers Market
- Changing Body Composition Analyzers market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected Body Composition Analyzers market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Body Composition Analyzers Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/03051122185/global-body-composition-analyzers-market-insights-forecast-to-2025?source=openpr&mode=86
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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