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Body Composition Analyzers Market Future Scenarios, Growth and Analytical Insights, Industry Projected to Hit $618.71 Million by 2030
Body Composition Analyzers Market
According to the report published by Allied Market Research, the body composition analyzers market size was valued at $398.22 million in 2020, and is projected to reach $618.71 million by 2030, growing at a CAGR of 4.5% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Rise in obese population, increase in government initiatives to promote healthy lifestyle, and surge in health awareness drive the growth of the global body composition analyzers market. On the other hand, high equipment cost and stringent regulatory framework regarding the use of body composition analyzers restrain the growth to some extent. However, rise in number of gyms and fitness clubs is anticipated to create lucrative opportunities in the industry.
Sayali Shinde, a Manager, Healthcare at Allied Market Research, stated, "The increase in number of patients suffering from chronic diseases, further fuels the growth of the global body composition analyzers market."
Impact of COVID-19 on Body Composition Analyzers Market-
Extended lockdowns and stay-at-home orders made it difficult for people to bask in the convenience of home-delivered food and consume carbohydrated beverages and non-healthy fat outside, especially during the initial phase of the pandemic. This factor, in turn, dwindled the demand for body composition analyzers for monitoring health throughout lockdowns, thereby, impacting the global body composition analyzers market negatively.
However, as the global situation gets back to normalcy, the market is anticipated to recoup very soon.
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North America generated the highest revenue in the global body composition analyzers market in 2020, accounting for near about 4.2% of the global market.
This report provides comprehensive competitive analysis and profiles of prominent market players such as Bodystat Ltd., COSMED Srl, General Electric Company (GE Healthcare), Hologic, Inc., Inbody Co., Ltd., Omron Corporation, RJL Systems, Inc., SELVAS AI Inc. (Jawon Medical Co., Ltd.), Seca GmbH & Co.Kg., and Tanita Corporation.
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