Rise in obese population, increase in government initiatives to promote healthy lifestyle, and surge in health awareness drive the growth of the global body composition analyzers market. On the other hand, high equipment cost and stringent regulatory framework regarding the use of body composition analyzers restrain the growth to some extent. However, rise in number of gyms and fitness clubs is anticipated to create lucrative opportunities in the industry.
The global body composition analyzers market generated $398.22 million in 2020, and is expected to hit $618.71 million by 2030, registering a CAGR of 4.5% from 2021 to 2030.
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Increase in obese population, proactive initiatives by government to promote healthy lifestyle, and rise in health consciousness among people facilitate the growth of the market. However, high initial cost and strict regulations regarding usage of body composition analyzers hinder the market growth. On the other hand, increase in the number of gyms and health clubs would create new opportunities in the market.
The increase in number of patients suffering from chronic diseases, further fuels the growth of the global body composition analyzers market.
Impact of COVID-19 on Body Composition Analyzers Market-
- Extended lockdowns and stay-at-home orders made it difficult for people to bask in the convenience of home-delivered food and consume carbohydrated beverages and non-healthy fat outside, especially during the initial phase of the pandemic. This factor, in turn, dwindled the demand for body composition analyzers for monitoring health throughout lockdowns, thereby, impacting the global body composition analyzers market negatively.
- However, as the global situation gets back to normalcy, the market is anticipated to recoup very soon.
Get detailed COVID-19 impact analysis on the Body Composition Analyzers Market – https://www.alliedmarketresearch.com/request-for-customization/4294?reqfor=covid
This report provides comprehensive competitive analysis and profiles of prominent market players such as Bodystat Ltd., COSMED Srl, General Electric Company (GE Healthcare), Hologic, Inc., Inbody Co., Ltd., Omron Corporation, RJL Systems, Inc., SELVAS AI Inc. (Jawon Medical Co., Ltd.), Seca GmbH & Co.Kg., and Tanita Corporation.
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