The report "Body Composition Analyzers Market by Product (Bioimpedance Analyzers (BIA), Dual-Energy X-ray Absorptiometry (DEXA), Skinfold Calipers, Air Displacement Plethysmography (ADP) and Hydrostatic Weighing) - Global Analysis & Forecast to 2019", defines and segments the concerned market with analysis and forecast of revenue. The global body composition analyzers was pegged at $911.1 Million 2014 and is estimated to grow to $1,425.7 Million by 2019, developing at a CAGR of 9.4% from 2014 to 2019.
Browse 41 market data tables and 50 figures spread through 95 pages and in-depth TOC on “Body Composition Analyzers"
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Rise in the overweight and obese population is the major reason for growth of the body composition analyzers market worldwide. As per WHO projections, by 2015, approximately 2 billion adults will be overweight and over 700 million will be obese. With the increasing prevalence of obesity, several disorders such as diabetes, hypertension, and cardiovascular diseases have started to develop in people at young ages. This trend has been observed in all major countries, globally.
The exponential increase in health consciousness among consumers provides a starting point to understand the recent growth in the fitness industry. High prevalence of obesity and its association with heart diseases have driven many people towards healthier diets and increase in exercise. The rising consciousness about fitness has led to an increase in the number of monitoring and analyzing instruments utilized to measure fitness, such as body composition analyzers. This has led to the growth of the global body composition analyzers market.
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With health club memberships increasing every year, there is a rise in the number of health clubs and fitness centers worldwide. The International Health Racquet & Sportsclub Association (IHRSA) reported that the health club industry revenues in the U.S. reached $21.4 billion in 2011, a 5% rise from 2010. Memberships grew by 2.4% in 2011 with 51.4 million members and the total number of health clubs increasing from 29,890 to approximately 30,000.
Similarly, the number of fitness centers, especially in emerging economies such as India and China is also increasing due to the rise in disposable income. A large population with high obesity has also stimulated the growth of fitness centers in the region. The demand for health and fitness clubs is expected to continue to grow over the next five years, as people are becoming more health-conscious. The rising number of health clubs and memberships is expected to drive the growth of the body composition analyzers market in the coming years.
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The key players operating in this market are Tanita (Japan), InBody Co., Ltd. (South Korea), Omron Healthcare, Inc. (Japan), Jawon Medical (Korea), Bodystat (U.K.), Hologic, Inc. (U.S.), GE Healthcare (U.K.), COSMED (Italy), Beurer GmbH (Germany), and Seca (Germany), among others.
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