Body Fat Measurement Market Hits USD 640.3 Million By 2020: By Grand View Research, Inc.
The Global Body
Fat Measurement Market is expected to reach USD 640.3 million
by 2020, growing at an estimated CAGR of 8.4% from 2014 to 2020, according to a
new study by Grand View Research, Inc.
The growing prevalence of obesity and
other metabolism related disorders is expected to fuel demand for body weight
management and body fat measurement market. The availability of a number of
body fat measurement techniques & products in the market, technological
developments enhancing cost effectiveness and expected implementation of market
expansion plans set in place by major market players are the key factors
expected to drive the growth of this market throughout the forecast period.
Global Body Fat Measurement market, by products, 2013 -
2020 (USD Million)
Browse full research report on Body Fat Measurement Market
Further key findings from the report suggest:
- Bioimpedance
analyzers dominated the market in terms of revenue in 2013 due to the fact
that they optimally combine the two major parameters for body fat
measurement which are accuracy and price.
- Owing to the
increasing occurrence of body weight and metabolism associated disorders
and escalating negative lifestyle habits promoting overweight and obese
body conditions, it is expected that the demand for BIA devices and body
fat skinfold calipers will grow at a steady rate through to 2020.
- The newer
technological advancement in the BIA segment making segmental body fat
analysis more accurate and cost effective is also expected to boost the
demand for BIA devices over the next six years. An already present high
market penetration level is expected to support the growth of this segment
over the longer duration
- North America
accounted for the largest revenue share in the market for 2013 and
accounted for over one third of the revenue generated in the global body
fat measurement market. This large share can be accounted for by the
presence of sizeable base of population dealing with obesity and other
metabolism related disorders and technologically advanced healthcare
infrastructure present in the region.
- Asia Pacific
is the center of operations for a couple of major market players of this
market specializing in BIA devices. It is expected that the Asia Pacific
region will witness a lucrative growth throughout the forecast period. The
presence of an increasingly medically aware population in the emerging
economies of India and China is also expected to drive regional market
growth over the forecast period.
- Some key
participants in the body fat measurement market include Beurer GmbH, Jawon
Medical Co. Ltd., Omron Global Healthcare Business, Tanita Corporation,
Inbody Co. Ltd., GE Healthcare, L’Accessorio Nucleare S.r.l., The
Diagnostic Medical Systems (DMS) Group, Hologic Inc., COSMED S.r.l.,
Exertech and AccuFitness LLC.
For more information: http://www.grandviewresearch.com
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