The global body composition monitor and scale market is poised for substantial growth over the next decade. With a forecasted Compound Annual Growth Rate (CAGR) of 7.4%, the market is expected to expand from USD 644.7 million in 2024 to an impressive USD 1.31 billion by 2034. This growth trajectory reflects the increasing demand for advanced health monitoring solutions that offer precise, at-home insights into body composition metrics, including body fat, muscle mass, and hydration levels.
The market value of body composition monitors and scales was USD 603.2 million at the close of 2023, marking a year-on-year growth of 6.9% in 2024. This upward momentum is fueled by rising health awareness among consumers and the growing adoption of fitness tracking devices globally.
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Key Drivers of Market Growth:
Several factors contribute to the market’s promising future. The rising focus on personalized health and wellness, coupled with advancements in technology, is driving the demand for more accurate, user-friendly, and multifunctional body composition monitoring devices. In addition, the increasing prevalence of chronic health conditions such as obesity and diabetes is pushing individuals toward better monitoring of their health metrics, further boosting the adoption of these devices.
The growing trend of home fitness and the need for non-invasive health assessments are also expected to propel market expansion. Furthermore, the increasing integration of smart technologies, such as Bluetooth and mobile app connectivity, is enhancing the consumer experience, providing them with real-time data, tracking capabilities, and health insights.
Outlook for the Future:
As the market for body composition monitors and scales continues to expand, manufacturers are expected to introduce innovative solutions to meet the diverse needs of consumers. The combination of increasing health consciousness and technological advancements is poised to drive the market forward, offering new opportunities for companies and health-conscious individuals alike.
Key Takeaways: Body Composition Monitor and Scale Market
- The Body Composition Monitor and Scale Market was valued at USD 603.2 million in 2023.
- The market is expected to grow to USD 644.7 million by 2024, with a 7.4% CAGR projected from 2024 to 2034.
- The market is expected to reach USD 1.31 billion in revenue by 2034.
- Regionally:
- United States is projected to register a 4.3% CAGR from 2023 to 2034.
- India is anticipated to see a high growth rate with an 11.2% CAGR during the same period.
- China is set to experience a 9.5% CAGR.
- United Kingdom and Germany are forecasted to grow at 5.8% and 4.7% CAGRs, respectively, from 2023 to 2034.
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Competitive Landscape:
Leading manufacturers of body composition monitors and scales are innovating with new solutions and apps to cater to evolving consumer needs and drive revenue growth. Additionally, they are adopting strategies like collaborations, partnerships, alliances, and mergers to expand their global presence.
Recent Developments in the Body Composition Monitor & Scale Market:
February 2022: Withings strengthened its market position by acquiring 8fit, a popular health and fitness app, enhancing its capabilities and enabling the company to offer improved services to its users.
December 2021: Contentserv, a global leader in Product Experience Cloud solutions, partnered with Anest Iwata Corporation to enhance their collaborative offerings.
Key Players:
- Hologic, Inc.
- Omron Corporation
- Tanita Corporation
- InBody Co., Ltd
- Bodystat
- Cosmed S.R.L
- Maltron International Ltd
- Seca GmbH & Co. Kg.
- SELVAS AI Inc. (Jawon Medical Co., Ltd.)
- RJL Systems, Inc.
- Beijing Sincoheren
- Kern & Sohn
- Laica International Corporation
- Medisante Group AG
- Guangzhou Beautylife Electronic Technology
- Charder Electronics CO. Ltd
Body Composition Monitor and Scale Market Outlook by Category
By Product:
- Bio-impedance Analyzer
- Skinfold Calipers
- Hydrostatic Weighing Equipment / Normal Weighing Equipment
- Air Displacement Plethysmography
- DEXA
- Others
By End-user:
- Hospitals
- Fitness Centers
- Academic & Research Institutions
- Homecare Settings
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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