Body Composition Analyzers Market are Predicted To Rise at a High CAGR of 4.5% By 2030

Body composition is the ratio of fat and fat-free mass in the body. Body composition analysis is required to measure and to assess health and fitness level of obese patients or other fitness-conscious people. Body composition analyzer is a device, which provides detailed information for personalized health or fitness consultations. Furthermore, it is used to strategize an exercise plan in terms of one's need to lose fat or build muscle. Multiple ways are available to measure body composition, and each method has advantages and disadvantages.

The global body composition analyzers market generated $398.22 million in 2020, and is expected to hit $618.71 million by 2030, registering a CAGR of 4.5% from 2021 to 2030.

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On the basis of product, the market is segmented into bio-impedance analyzer, dual energy X-ray absorptiometry equipment, skinfold calipers, air displacement plethysmography equipment, and hydrostatic weighing equipment. The bio-impedance analyzer segment was the major revenue contributor in 2020 and is anticipated to continue this trend during the forecast period, owing to the fact that bioimpedance analysis is a noninvasive, low-cost, and a commonly used approach for body composition assessment for the clinical condition. Thus, bio-impedance analyzers are affordable for fitness centers and home users.

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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Key Findings Of The Study

Based on product, the bio-impendence segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 5.6% from 2021 to 2030.

By end user, the fitness clubs & wellness centers segment held the largest market share in 2020, and is expected to remain dominant throughout the forecast period.

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The key market players analyzed in the global body composition analyzers market report include COSMED Srl., Hologic, Inc., Inbody Co., Ltd., Omron Corporation, Bodystat Ltd., RJL Systems, Inc., SELVAS AI Inc. (Jawon Medical Co., Ltd.), Tanita Corporation, General Electric Company (GE Healthcare), Seca GmbH & Co.Kg. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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