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Smart Weight, Body Composition, And Body-Mass Index Scales Global Market Types and Applications, Drivers, Ongoing Trends, Future Demand, Challenges, Top Companies And Forecast 2024-2033
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According to The Business Research Company's, The smart weight, body composition, and body-mass index scales market size has grown strongly in recent years. It will grow from $78.41 billion in 2023 to $83.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing awareness about health and fitness, increased demand for telehealth, growing demand for digital body composition sales, and rising number of overweight and obese population.
The smart weight, body composition, and body-mass index scales market size is expected to see strong growth in the next few years. It will grow to $107.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the increasing prevalence of obesity rates, increased preference for fitness activities and enhanced participation in sports, rising awareness of obesity, increasing demand needs advanced body health monitoring tools, and increasing number of fitness clubs. Major trends in the forecast period include technologically advanced measuring scales, technological advancements, innovative designs, materials, and smart features, integration with artificial intelligence, integration with voice assistants, and integrating with Fitbit's.
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Market Drivers and Trends:
The increasing prevalence of obesity is expected to propel the growth of smart weight, body composition, and body mass index scale markets going forward. Obesity is a medical condition characterized by excessive body fat accumulation, leading to health risks. It is typically measured using the Body Mass Index (BMI), with a BMI of 30 or higher indicating obesity. The prevalence of obesity is due to rising rates of unhealthy eating, sedentary lifestyles, and socio-economic factors, leading to higher prevalence and associated health risks. Smart weight, body composition, and body mass index (BMI) scales are used for obesity by providing detailed and accurate measurements of body weight, fat percentage, muscle mass, and BMI, enabling individuals to monitor their progress, make informed lifestyle changes, and track the effectiveness of weight management strategies. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government organization, globally, approximately 2.3 billion adults and children are currently obese or overweight, and with ongoing trends, the number of individuals living with obesity is projected to reach 2.7 billion by 2025. Therefore, the increasing prevalence of obesity rates drives the growth of the smart weight, body composition, and body-mass index scales market.
Major companies operating in the smart weight, body composition, and body-mass index scales market are focused on developing innovative technologies, such as body composition analyzers, to enhance health and fitness tracking. A body composition analyzer is a device that measures various components of the body, such as fat, muscle, bone, and water percentages, to provide a detailed analysis of a person's physical health. For instance, in April 2023, Actxa Pte Ltd., a Singapore-based fitness and health technology company, launched the Sense 2 Smart Scale, an advanced device designed to offer comprehensive health and fitness tracking. This device provides advanced sensors for precise measurement of weight, body fat percentage, muscle mass, and other key body composition metrics. It offers seamless integration with a companion mobile app, allowing users to track their health data in real-time and view detailed progress reports. It also includes Bluetooth connectivity for easy data syncing and personalized insights based on trends in the collected data.
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Major Key Players of the Market:
Huawei Technologies Co. Ltd., Xiaomi Communications Co. Ltd., Nureca Ltd., Garmin Ltd., Anker Technology UK Ltd., Fitbit Inc., Polar Electro Oy, Beurer GmbH, InBody Co. Ltd., Withings France SA, Etekcity, Wyze Labs Inc., iHealth Labs Inc., Pyle USA, Renpho Technology Co. Ltd., Tanita Corporation, Salter Housewares Limited, Vandelay Brands Limited, Greater Goods LLC, Qardio Inc., Koogeek Inc., Blipcare Inc., PICOOC Technology Co. Ltd., Actxa Pte Ltd.
Smart Weight, Body Composition, And Body-Mass Index Scales Market 2024 Key Insights:
• The smart weight, body composition, and body-mass index scales market size is expected to see strong growth in the next few years. It will grow to $107.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Growing Obesity Trends Fuel Demand For Advanced Health Monitoring Devices
• Innovative Developments In The Smart Weight And Body Composition Scale Market
• North America was the largest region in the smart weight, body composition, and body-mass index scales market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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