The global biochips market was valued at $470.14 million in 2018 & is estimated to generate net revenue of approximately $1301.49 million by 2027, growing at a CAGR of 12.09%. Body composition analyzers are devices or equipment used for approximating body conformation such as body water content, body fat, and bone mineral density. The following factors primarily drive the body composition analyzer market:

• The growing popularity of e-commerce
• The rise in the prevalence of obesity
• Government and institutional initiatives
• Increasing geriatric population
• Wellbeing and wellness consciousness

The important drivers increasing growth in the global body composition analyzer market are a rise in the prevalence of obesity and wellbeing and wellness consciousness. The alarming rise in the prevalence of obesity, especially in urban areas, boosts the growth of the body composition analyzers market.

Obesity is associated with a number of health issues or disorders such as the sudden cardiac arrest, hypertension, hypotension, and diabetes. Awareness of the benefits of following a healthy lifestyle has increased among consumers, who are now more exposed to information about weight loss via the internet, television, and other media channels.

The products of body composition analyzer market is used extensively for various purposes. Bio-impedance can be defined as the hindrance to the flow of electric current by the biological tissues. Bio-impedance analyzers employ a technique called bioelectrical impedance analysis (BIA), which is capable of quickly estimating the fat content in the body. Skinfold caliper is a simple, easy to use, and inexpensive method to measure body fat composition. Dual energy X-Ray absorptiometry equipment is another device that helps measure the fat & fat-free mass, bone mineral density, and bone mineral content.

Hydrostatic weighing equipment is used for measuring the human body composition in underwater conditions. Air displacement plethysmography equipment is a densitometric method employed for measuring human body composition. The other body composition analyzers segment is predicted to grow at a considerable growth rate during the forecast period.

High cost of equipment and growing resale demand are the major factors hindering the body composition analyzer market. The high price of body composition analyzers is a major restraining factor of the market, as this leads to an increase in demand for reused products. With the relatively long life of body composition analyzers, along with rapid innovations in this product segment, the resale of these products will enhance significantly.

The global body composition analyzer market segments include products and end-users.

Products are sub-segmented into:

• Bio-impedance Analyzer
• Skinfold Caliper
• Dual Energy X-ray Absorptiometry
• Hydrostatic Weighing Equipment
• Air Displacement Plethysmography Equipment
• Other Products

End-users are sub-segmented into:

• Fitness Clubs & Wellness Centers
• Hospitals
• Home user
• Other End-User

This report covers the present market conditions and the growth prospects of the global body composition analyzer market for 2019-2027 and considered the revenue generated through the sales of body composition analyzer for products and end-users to calculate the market size by considering 2018 as the base year.

Geographically, the global body composition analyzer market has been segmented on the basis of four major regions, which are:

• North America Body Composition Analyzer Market : The United States & Canada
• Asia-Pacific Body Composition Analyzer Market : China, India, Japan, Australia, South Korea & Rest of APAC
• Europe Body Composition Analyzer Market : The United Kingdom, France, Germany, Italy, Spain & Rest of Europe
• Rest of World: Latin America & Middle East and Africa

The body composition analyzer market in North America is expected to hold the largest share by 2027 possibilities of increased use of body composition analyzers. North America market constitutes approximately 40.33% share. The rising cost of healthcare in this region is one of the major drivers of the rise in demand for health monitoring devices such as body composition analyzers. The rising number of sports injuries has led to a growing demand for body composition analyzers in diagnostics centers and rehabilitation and therapy centers to monitor the health of athletes and aid in quick recovery.

On the other hand, the Asia-Pacific market is anticipated to the fastest-growing region for the body composition analyzer market. The largest share of the revenue for body composition analyzers in the APAC market came from healthcare facilities, followed by weight loss and therapy facilities. The surge in disposable income and hasty economic development have led to increased spending on fast foods, leading to unhealthy existences.

The body composition analyzer market is segmented based on types which are sub-divided into fitness clubs & wellness centers, hospitals, home user and other end-user. A rise in the number of fitness clubs & wellness count worldwide boosts the sale of body composition analyzers, thereby propelling the growth of the body composition analyzer market. Hospitals are purchasing body composition analyzers for the treatment of various diseases. The growing trend of leading a healthier lifestyle, combined with the introduction of smaller, more portable, and simpler body composition analyzers, has led to rising demand for these devices worldwide, particularly in developed countries. Other end-user segment includes academic and research institutes. Different body composition analyzers are available for clinical research.

The major market players of the global body composition analyzer market are:

• InBody Co., Ltd.
• Tanita Corporation
• General Electric Company
• Cosmed SRL
• Bodystat Ltd.

Company profiles covers analysis of important players. InBody was founded in 1996 and is headquartered in Seoul, South Korea. The company was formerly known as Biospace. It provides a wide range of body composition analysis solutions to home users and professionals worldwide.

Bodystat Ltd. (Bodystat) is engaged in researching bioelectrical impedance technology to manufacture advanced electronics that can measure body composition and hydration accurately within the human body, noninvasively.

Key findings of the global body composition analyzer market:

• Bio-impedance analyzer holds the largest market share in terms of product
• The home user is the fastest growing end-user