Global Body Composition Analyzers Market by Application, Market landscape, Market size and forecast by 2024
Global Body Composition Analyzers Market is expected to reach USD 1,790.50 million by 2024 from USD 998.36 million in 2016, at a CAGR of 7.6%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this market are aging population globally, rising obesity globally, government initiatives, and key players are taking strategic decisions to gain market share, increasing health club memberships, growing health and fitness consciousness and increasing diseases due to changing lifestyle. On the other hand, high cost of the equipment and the regulatory frame work are some of the factors which may hinder the growth of the market.
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Global Body Composition Analyzers Market Key Drivers:
• The government initiatives taken to create awareness and reduce the cases of obesity is fueling the market
• High cost of the equipment and the regulatory frame work are some of the factors which may hinder the growth of the market.
• The rise in obesity is going to boost the growth of the body composition market as people are becoming excessively health conscious.
• The growth of the aging population globally has led to the growth for medical devices
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Global Body Composition Analyzers Market Segmentation:
The Global Body Composition Analyzers Market is segmented on the basis of product type, end-users and region. The report provides data for 2015 to 2024, the base year is 2016 and the forecast period is 2017 to 2024.
Know More About Global Body Composition Analyzers Market
The 5 types of products are Bio impedance Analyzers (BIA), Dual-Energy X-Ray Absorptiometry (DEXA), Skinfold Calipers, Air Displacement Plethysmography (ADP), and others (Hydrostatic Weighing (HwD), Ultrasound Body Composition). In 2017, BIA market segment is expected to dominate the market with around 68.0% market share and is expected to grow at the highest CAGR in the forecast period 2017-2024.
The major end-users of the market are Health Clubs, Hospitals and Clinics, Corporate Settings, and others (Medical Research, Universities). In 2017, health clubs market segment is expected to dominate the market and is expected to grow with the same trend till 2024.
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Why measure body composition?
Obesity or muscle wasting disease? A patient's body composition data are essential for the diagnosis and treatment of weight-related disorders. Too much fat in the body is unhealthy – but so is too little. A risky body composition may not be obvious at first glance. A heavyweight boxer, for example, has great muscle mass and a high weight. According to the Body Mass Index, this combination indicates obesity,