Lucintel’s latest market report analyzed that body composition analyzer provides attractive opportunities in hospitals, fitness clubs and wellness centers, academic & research centers, and home users. The body composition analyzer market is expected to grow at a CAGR of 12%-13%. In this market, bio-impedance analyzers is the largest segment by product type, whereas hospitals are is largest by end use industry. The technological innovation and advancement to optimize the performance of the product provides strategic growth path in this market.
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Based on product type, the body composition analyzer market is segmented into bio-impedance analyzers, dual energy x-ray absorptiometry equipment, skinfold calipers, air displacement plethysmography equipment, and hydrostatic weighing equipment. The bio-impedance analyzers segment is accounted for the largest share of the market in 2020 due to the benefits of these products over other body composition analyzers, such as easy operations, low cost, and better accuracy.
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The body composition analyzer market is marked by the presence of several big and small players. Some of the prominent players offering body composition analyzer include InBody Co. Ltd., Tanita Corporation, Omron Corporation, Hologic, Inc., Bodystat Ltd., RJL Systems Inc, SELVAS AI Inc., and GE Healthcare, and others.
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