Body Composition Analyzers Market Size

Body Composition Analyzers Market Analysis

The Body Composition Analyzers Market size is estimated at USD 602.94 million in 2024, and is expected to reach USD 806.11 million by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).

The COVID-19 pandemic has impacted the body composition analyzers market owing to the high prevalence of obesity as a result of poor eating habits during the pandemic. Also, various studies indicated that COVID-19 adversely impacted people with obesity. For instance, in an article published in September 2021, studies in New York City demonstrated that after advanced age, obesity was the most common risk factor leading to severe illness and death from COVID-19. Post-pandemic, there is a high awareness regarding the importance of prioritizing personal health.

This has also led to partnerships and launches by market players to boost the utilization of body composition analyzers. For instance, in January 2022, Orangetheory Fitness partnered with InBody to offer more precise body composition tracking. Through this collaboration, Orangetheory Fitness members could take a 15-second InBody Test, a research-backed body composition analysis, at more than 1,400 participating studio locations to get an accurate and reliable breakdown of their body composition. Hence, the studied market is expected to register a stable growth rate during the forecast period.

The major drivers for the studied market are the large pool of obese patients and the increasing prevalence of metabolic disorders, technological advancements, and rising awareness for health and fitness.

The rising prevalence of obesity and metabolic disorders worldwide is expected to boost the demand for body composition analyzers to track their health progress. For instance, as per the World Obesity Atlas 2022 report, an estimated one billion people globally, including 1 in 5 women and 1 in 7 men, are predicted to live with obesity by 2030. Also, according to the Global Obesity Observatory data updated in 2022, the prevalence of obesity in adults aged 18 and above was 38.1% in Iran, 35% in Ireland, 32.5% in Italy, and 36.4% in Scotland in 2021. Therefore, the high burden of obesity is expected to boost the market growth during the forecast period.

Furthermore, the strategies adopted by government bodies for creating awareness of health and fitness also contribute to market growth. For instance, in March 2022, the National Obesity Strategy was launched in Australia, a 10-year framework (2022-2032) for action to prevent, educate, reduce, and treat overweight and obesity in the country. It emphasizes prevention and includes steps to help Australians who are overweight or obese live their healthiest lives. Such initiatives are expected to boost the utility of body composition analyzers for measuring obesity and fitness.

Therefore, owing to the aforementioned factors, such as the high burden of obesity and rising government initiatives for awareness and obesity control, which is expected to boost the demand for body composition analyzing devices, the studied market is anticipated to witness growth over the analysis period. However, the high equipment costs and inconsistency and inaccuracy in different analyzers are expected to restrain the market growth.