Body Composition Monitor and Scale Market Set to Surge to $1.31 Billion by 2034
Newark, DE – November 10, 2024 – The global market for body composition monitors and scales is poised for significant expansion over the next decade, driven by a surge in health awareness and the demand for precise body measurement tools. According to a report by Future Market Insights, Inc., the market, valued at USD 644.7 million in 2024, is expected to more than double, reaching an estimated USD 1.31 billion by 2034. This growth is projected at a compound annual growth rate (CAGR) of 7.4%.
The increasing focus on preventive healthcare, fitness, and overall wellness has fueled the demand for these devices. They are becoming popular among fitness enthusiasts and health-conscious individuals for their ability to measure parameters like body fat percentage, muscle mass, water levels, and metabolic rate. Moreover, their integration into fitness centers and healthcare settings is enhancing client services, significantly contributing to market growth.
Technological Advancements Fueling Growth
Technological innovations such as Bluetooth-enabled devices and cloud integration are transforming the market landscape. These advancements allow users to track their health metrics over time through mobile applications, broadening the consumer base and making body composition monitors a household staple.
Emerging Markets and Demand Analysis
Emerging markets, especially in the Asia-Pacific region, are expected to see high adoption rates due to rising disposable incomes and an increasing focus on health and fitness. Countries like China, Japan, and India are anticipated to significantly boost market revenue through 2034, driven by investments in healthcare infrastructure and the growing fitness culture.
The demand is further propelled by the increasing prevalence of lifestyle-related health issues and chronic diseases. Obesity, in particular, remains a critical factor, with a significant portion of the population at risk of related health conditions like cardiovascular diseases and diabetes. These monitors offer valuable insights into body composition, which are crucial for both personal health management and professional healthcare provision.
Key Market Takeaways
- Market Size: Expected to grow from USD 644.7 million in 2024 to USD 1.31 billion by 2034.
- CAGR: A projected growth rate of 7.4% from 2024 to 2034.
- Rising Health Consciousness: Driven by an increase in chronic health conditions and a shift towards preventive health monitoring.
- Technology Integration: Smart monitors with app connectivity are gaining traction among tech-savvy consumers.
Country-wise Growth Projections
- United States: 4.3% CAGR
- India: 11.2% CAGR
- China: 9.5% CAGR
- United Kingdom: 5.8% CAGR
- Germany: 4.7% CAGR
Competitive Landscape
The market features several key players including Omron Healthcare, Inc., InBody Co., Ltd., Tanita Corporation, Hologic, Inc., and Beurer GmbH, who are heavily investing in R&D to enhance product accuracy, connectivity, and functionality. Recent developments include:
- Omron Healthcare introducing new scales with smartphone integration for tracking health data over time.
- InBody launching advanced analyzers with cloud-based tracking for remote fitness monitoring.
- Tanita unveiling a new generation of smart scales with enhanced sensitivity and accuracy.
Outlook and Regional Insights
With advancements in health-monitoring technology and a global focus on personal health, the Body Composition Monitor and Scale Market is set for sustained growth. North America continues to dominate, while the Asia-Pacific region is expected to witness the highest growth rate. Europe shows steady demand for advanced health monitoring tools, and other regions like Latin America and the Middle East & Africa are developing markets with increasing health awareness.
For further details, please visit Future Market Insights.
Contact Information:
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com Website: Future Market Insights
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