BODY FAT MEASUREMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global body fat measurement market is estimated to be valued at USD 751.2 Mn in 2024 and is expected to exhibit a CAGR of 6.7% during the forecast period (2024-2031). The body fat measurement market has been growing steadily over the past few years due to the rising awareness about the importance of monitoring body composition and weight management. Factors such as increasing prevalence of lifestyle diseases, obesity, and adoption of fat loss programs have been fueling the demand for various body fat scales and devices available in the market. Body composition monitors help in analyzing crucial metrics like Body Mass Index (BMI), body water percentage, visceral fat level, protein levels, and metabolic age through techniques like bioelectrical impedance analysis. The portability and ease of use of convenient measurement solutions like smart scales, calipers, and monitors have made them popular choices for both professional and personal use.
Market Dynamics:
The global body fat measurement market is primarily driven by the growing obese population worldwide coupled with increasing health consciousness. The market is expected to gain considerable gains during the forecast period owing to the rising focus on weight management, increasing availability of affordable body composition monitors, and growing popularity of home-based fat testing devices. However, accuracy issues related to consumer-grade equipment and lack of standard protocols are some of the key challenges faced by market players. Ongoing development of more precise and integrated measurement solutions presents a strong opportunity for further market expansion.
Key Features of the Study:
- This report provides in-depth analysis of the global body fat measurement market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global body fat measurement market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include GE Healthcare, OMRON Healthcare India Pvt Ltd, Hologic, Inc., Garmin, Beurer UK Ltd., InBody Pvt. Ltd., Xiaomi , AccuFitness LLC, Bodystat Limited, The Diagnostic Medical Systems (DMS) Group, Fitbit, Inc., and Tanita Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global body fat measurement market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global body fat measurement market
Market Segmentation
Market Segmentation
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