The Global Body Composition Analyzers Market is expected to reach the US $ 668.1 Million, at a CAGR of 12.7% during the forecast period.
The Research report also analyzes and studies the major market drivers, restraints/challenges, and opportunities. However, inconsistency in the accuracy of different analyzers and the high cost of equipment is likely to restrain the growth of the market during the forecast period.
Body composition analysis is the process to evaluate the amount of fat, muscle, and bone in the body. It gives the precise measurement of body fat in relation to lean body mass.
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Body Composition Analyzers Market segmentation:
· based on product type
· based on end users
· based on regions.
The Major Players Operating in the Body Composition Analyzers Market:
Key players in this market include Tanita Corporation (Japan), Omron Corporation (Japan), InBody Co., Ltd (South Korea), Hologic, Inc. (U.S.) and GE Healthcare (U.S.) among others. These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the Body Composition Analyzers Market.
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the upcoming applications for body composition analyzers?
The high cost of equipment is likely to restrict the growth of the market. Body Composition Analyzers Market are equipped with advanced features and functionalities and are therefore priced at a premium. The cost of an instrument is based on its applications. Furthermore, it is difficult for academic research laboratories to afford these systems as they have limited budgets. The cost of air displacement plethysmography equipment ranges from USD 30,000–40,000, the purchase of which is very expensive even for health clubs. Moreover, cost of dual-energy X-ray absorptiometry is also high. Thus, high equipment cost is likely to restrict market growth.
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Geographical Detailed Analysis for Body Composition Analyzers Market:
On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
North America is expected to account for the largest share of the Body Composition Analyzers Market. Its large share can be attributed to rising obesity rates and increasing health clubs and fitness centers in the U.S. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period due to a rising trend of overweight and obesity in China, and foothold of local players in Japan.
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