Body Fat Measurement Market worth over $1bn by 2027
Published Date: July 5, 2021 Authors: Sumant Ugalmugle, Rupali Swain
Body Fat Measurement Market size is set to surpass USD 1 billion by 2027, according to a new research report by Global Market Insights Inc.
Accumulation of excessive body fat has an adverse effect on health that will drive the demand for weight management products. Adoption of sedentary lifestyle has resulted in increase in obese population. Further, it leads to several obesity-related health risks including cardiovascular diseases. Thus, population in emerging countries is increasingly focusing on acceptance of body fat measurement and reduction tools. With growing awareness about body fat measurement techniques and products, the global market will foresee unprecedented demand during the forecast period.
Technological advancements in fat measurement devices will offer accuracy, convenience and efficiency, thereby stimulating the body fat measurement market growth potential. Market leaders are continuously focusing on providing inexpensive devices to customers. The new technologies are aimed to boost product usage among population. Precision in fat quantification with the use of such techniques impels the overall market expansion. Therefore, rising focus on innovations will enhance efficacy, thereby augmenting the consumer base.
COVID-19 pandemic has disrupted medical supplies for non-essential services. Moreover, lockdown restrictions led to shut down of fitness centers and chains across several countries worldwide that has moderately impacted the demand for body fat measurement devices. However, need for body composition measurement and nutritional risk screening in COVID?19 patients has reduced intensity of negative impact on the industry growth.
Developments in fat measurement devices will strengthen the market progression
Bioimpedance analyzers (BIA) segment in the body fat measurement market accounted for more than 30% revenue share in 2020. Bioimpedance analyzers use small electrical currents as it easily moves through muscles. Additionally, it automatically provides response to electric current passed through body tissues. BIA devices consume less time and are easy to handle, thus can be used by majority of consumers. Further product advancements provide more accurate results that will increase its market sales in the coming years.
Browse key industry insights spread across 100 pages with 117 market data tables & 11 figures & charts from the report, “Body Fat Measurement Market Size By Product (Bioimpedance Analyzers, Calipers, Hydrostatic Weighing, Air Displacement Plethysmography, Dual Energy X-ray Absorptiometry), By End-use (Hospitals, Clinics, Fitness Centres), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, Japan, India, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2021 – 2027”” in detail along with the table of contents:
Strategic investments for business expansion by fitness centers will fuel the market value
Fitness centers segment is projected to witness 7.2% growth rate through 2027. Fitness centers are partnering and collaborating with providers to integrate new technologies for body fat measurement. Such agreements allow these centers to drive consumer preference that and thereby foster the segment revenue. Furthermore, business expansion with increasing investment by centers influences product demand.
Awareness regarding advanced technologies for body fat measurement will propel the growth for European region
Europe body fat measurement market is estimated to attain a CAGR of over 7.5% by 2027. According to the Organisation for Economic Cooperation and Development (OECD), approximately one in five people aged 15-year old was either overweight or obese across European region. Rapidly changing lifestyle in the region is one of the significant causes for increasing obesity prevalence. With prevalence, growing awareness and adoption of advanced technologies region will showcase substantial industry progression in the coming years.
Strategic collaborations stimulate business expansion of the industry players
Some of the notable companies operating in the market are Omron, GE Healthcare, Hologic, InBody and Cosmed among others. Collaborations and partnerships are the chief strategies undertaken by these companies to expand their market footprint.