Body Fat Measurement Market size is set to exceed USD 790 million by 2024; according to a new research report by Global Market Insights. Growing adoption of unhealthy lifestyle coupled with physical inactivity will act as primary driver for body fat measurement market growth. Consumption of fast food and other unhealthy dietary habits including alcohol consumption and tobacco smoking escalates obese population thereby stimulating industry growth.
Technological advancements in body fat measuring devices coupled with multifactorial benefits including assessment of muscles in comparison to body fat, evaluation of exercise done and nutritional intake by an individual should stimulate demand for body fat measurement devices over the forecast timeframe.
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Increasing awareness regarding weight management and rising population of health-conscious people will drive business growth. Rising focus on calorie intake and body weight management will encourage adoption of such devices. However, high cost of these devices will restrain industry growth to certain extent over the coming years especially in price sensitive markets.
Bioimpedance analyzers product segment accounted for largest market share of 36.1% in 2017 and is anticipated to witness significant growth during the forecast period. High adoption of bioimpedance analyzers in healthcare settings such as clinics and hospitals will drive segment growth. Technological advancements in these devices including miniaturization techniques and delivery of precise body fat readings should further drive segmental growth over the coming years.
Hospitals end-use segment will witness 7.1% CAGR growth during the forecast period. Rising prevalence of chronic disorders such as diabetes and obesity coupled with availability of technologically advanced body fat measuring devices in hospitals will drive segmental growth. Growing adoption of body fat measuring systems such as bioimpedance analyzers in hospitals should positively impact business growth over the forecast timeframe.
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U.S. body fat measurement market is estimated to reach 274 million by 2024 owing to increasing number of people suffering from severe obesity along with rising adoption of sedentary lifestyle. High technological adoption and rising per capita healthcare expenditure will stimulate industry growth during the forecast timeframe.
Growing prevalence of metabolic disorders and obesity will stimulate Chinese body fat measurement market to grow by 8.7% over the coming years. Presence of prominent industry players coupled with rising health consciousness among Chinese population will positively impact industry growth.
Some notable players operating in body fat measurement market are Omron, GE Healthcare, Hologic, AccuFitness among others. Companies are focused on developing superior body fat measuring devices that are cost effective and deliver precise readings. Industry players are undertaking various strategies such as partnership and strategic collaboration with other participants in value chain to gain competitive edge as well as expand consumer base of the company.