Market for Body Fat Measurement is Expected to Grow at a 6.6% CAGR by 2033 | FMI

The body fat measurement market in a recent report. As per the report, the market holds the potential to register a 6.6% CAGR through 2033. Sales in the market are anticipated to reach US$ 1283.85 million by 2023, from US$ 677.55 million in 2022.

The producers of the body fat valuation apparatuses too uplift while ensuring investments in immittance to provide a chance for earnings by revenue generation. On the other hand, the trend too toward demarket diversification may offer higher performance with high adoption of the device along this market.

Whereas a variety of end users gathers in the body fat measurement equipment market, hospitals and clinics are forecast to be dominants until 2033. An extremely efficient cooperation with hospitals and clinics and between gymnasiums which respectively form very good ways of sizing market amount.

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One of the main drivers for these devices is rising obesity among mobile millennial individuals balancing a fast-paced and sedentary lifestyle. Because millennials share this dual balance between health and technology awareness, manufacturers view wearable as an appealing route to enter the stream. In addition to wearable technology, manufacturers has also concentrated on increasing the accuracy of these devices aimed at enhancing precise patient outcomes. But the slow-paced growth is limited by some market restraints.

Cultural limitations and stigma around the use of body fat analyzers may not be that prominent of a restraint. However, the limited availability of these devices in developing countries may not offer cost leadership to local players. As a result, high cost, in turn, is a deal breaker for end users operating at low and mid-level budgets.

Lack of awareness pertaining to such devices further prevent players from the developed markets from penetrating developing markets. All-in-all, the market scenario looks promising with the anticipated adoption of these devices in hospitals and fitness centers.

Key Highlights of the Body Fat Measurement Market

  • The body fat measurement market was valued at US$ 492.22 million in 2018.
  • North America is the leading market with a share of 33% through 2033.
  • Asia Pacific holds the prominent CAGR of 8% through 2033.
  • BIA is likely to account for a 22% share of the market.
  • Dual-energy X-ray absorptiometry is one of the significant product types with high growth potential.

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Top Body Fat Measurement Market Players

The key players in the body fat measurement market deploy numerous strategies as a resort to market sizing. Key strategies followed by players include entering into partnership agreements, acquisitions, mergers, and expansions into new markets.

Product diversification is a crucial key to entering the developing markets for manufacturers of body fat measurement devices. In addition to this, collaborations with key end users can bode well for the market players during the forecast period.

In October 2022, Inbody Ltd. entered into a partnership with iLoveKickboxing for offering on-site body composition testing at the United States and Canada locations.

In January 2022, Inbody Ltd. collaborated with Orangetheory Fitness for providing reliable and accurate body composition information across its chain of studios.

Key Segments in the Market

By Product:

  • DEXA
  • BIA

By End User:

  • Gyms
  • Fitness Centers
  • Hospitals and Clinics

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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