global body fat measurement device market to Witness High Growth Owing to Increasing EV Sales
Body fat measurement devices provide an easy and convenient method of analyzing body composition by measuring subcutaneous fat levels in various parts of the body. These devices calculate body fat percentage using techniques like bioelectrical impedance analysis, infrared light absorption, calibrating scales, and others. Body fat measurement devices offer users actionable analytics on weight loss progress, health risks, ideal weight range, metabolism rate, and other body metrics.
The global Body Fat Measurement Devices Market is estimated to be valued at US$ 420 million in 2024 and is expected to exhibit a CAGR of 6.5 % over the forecast period of 2023-2027.
Key Takeaways
Key players operating in the body fat measurement market are Omron Corporation, Tanita Corporation, Fitbit Inc., Inbody Co. Ltd., General Electric Company, Fresenius Medical Care, Seca, withings, COSMED Srl, and Boditronics.
The emerging trend of health and fitness among individuals offers huge opportunities for body fat measurement device manufacturers to expand into new regional markets and introduce innovative product features. Furthermore, rising health consciousness and increasing obesity rates globally are fueling demand.
Major players are focusing on strategic acquisitions and partnerships to strengthen their global presence. They are also investing in R&D to develop advanced technologies like AI-enabled body composition analytics, multi-frequency bioimpedance measurements, smartphone integrations, and cloud syncing of health data. This will help address the growing needs of consumers and various application segments like clinical research and bariatric surgery.
Market Drivers
The key driver fueling the body fat measurement market is the growing obesity rates around the world. As per WHO, globally over 1.9 billion adults were overweight in 2016, out of which over 650 million were obese. This increased the risk of chronic diseases like diabetes, cardiovascular diseases, and certain cancers. Thus, body fat monitoring devices enable users to track weight management progress effectively and make necessary lifestyle changes. Additionally, rising health consciousness among millennials regarding fitness, metabolism, and weight loss further drives the adoption of body fat measurement devices.
PEST Analysis
Political: Body fat measurement devices market is regulated by governing bodies for stringent quality and safety standards to be followed by manufacturers.
Economic: Rising health consciousness among consumers and growing obesity and diabetes rates drive demand for body fat measurement devices globally.
Social: Increasing focus on fitness, weight management and appearance has propelled the usage of body fat measurement devices for self-monitoring health goals.
Technological: Advancements in bioimpedance analysis and other measurement techniques have enhanced the accuracy of modern body fat measurement devices. incorporation of Bluetooth and app connectivity allows monitoring health metrics remotely.
Market Concentration Regions
North America accounts for the largest share of the global body fat measurement devices market in terms of value. Factors such as growing obesity prevalence, supportive government initiatives and high consumer awareness regarding fitness have propelled market growth in the region. Asia Pacific is expected to witness the fastest growth owing to rising health standards, urbanization and economic development in major countries.
Fastest Growing Region
Asia Pacific region is poised to emerge as the fastest growing market for body fat measurement devices globally. Rising disposable incomes, growing health awareness and shift towards preventive healthcare are driving market demand. China and India exhibit high growth potential attributed to large populations, increasing focus on lifestyle diseases management and penetration of modern gyms & fitness centers. Favorable government policies and initiatives to curb obesity further support regional market expansion.
What Are The Key Data Covered In This Body Fat Measurement Devices Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Body Fat Measurement Devices ‘s growth between 2024 and 2031.
:- Accurate calculation of the size of the Body Fat Measurement Devices and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Body Fat Measurement Devices Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Body Fat Measurement Devices vendors
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
