PORTLAND, Oregon, Jan. 11, 2022 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, Body Composition Analyzers Market It generated $398.22 million in 2020, and is expected to reach $618.71 million by 2030, registering a compound annual growth rate of 4.5% from 2021 to 2030. The report provides an in-depth analysis of the most important investment pockets, winning strategies, and drivers and opportunities, market size and estimates, competitive scenario and volatile market trends.
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Rising obese population, increasing government initiatives to promote healthy lifestyle, and increasing health awareness is driving the growth of the global Body Composition Analyzers market. On the other hand, the high cost of equipment and strict regulatory framework regarding the use of body composition analyzers somewhat restrict growth. However, the rise in the number of gyms and fitness clubs is expected to create lucrative opportunities in this industry.
Impact of COVID-19 on Body Composition Analyzers Market-
- Extended lockdowns and stay-at-home orders have made it difficult for people to enjoy comfort food at home and to consume beverages containing unhealthy carbohydrates and fats outside, especially during the initial phase of the pandemic. This factor, in turn, has reduced the demand for body composition analysts to monitor health during lockdowns and, in turn, negatively impacted the global body composition analysts market.
- However, with the global situation returning to normal, the market is expected to recover very soon.
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The global Body Composition Analyzer market is analyzed by product type, end user, and region. Based on product type, the Bioimpedance Analyzer segment captured the major share in 2020, capturing more than two-fifths of the global market. The same clip will also show the fastest compound annual growth rate of 5.6% throughout the forecast period. The research also analyzes sectors such as dual energy X-ray absorptiometry (DEXA) equipment, air displacement volumetric equipment, and hydrostatic weighing equipment.
Based on the end user, the fitness club and health center segment had the highest share in 2020, accounting for more than two-thirds of the global market. However, the home user segment will show the fastest compound annual growth rate of 5.6% from 2021 to 2030.
Based on region, the market across North America held the lion’s share in 2020, capturing more than two-fifths of the global market. The Asia Pacific region will cite the fastest compound annual growth rate of 5.4% by the end of 2030. Other regions covered by the report include Europe and LAMEA.
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The major market players analyzed in the Global Body Composition Analysis 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 combined several strategies including partnership, expansion, collaboration, joint ventures, etc. to support their position in the industry.
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