As per the research report, the Asia Pacific body composition analyzers market was worth USD 88.84 million in 2022. It is projected to be growing at a CAGR of 16.5% to touch USD 190.66 million by 2027.
The increasing awareness majorly drives the growth of the Asia-Pacific body composition analyzers market among people about the problems associated with obesity and the benefits of maintaining appropriate fitness levels. In addition, factors such as the rising use of BCAs in the sports and fitness industry and increasing government expenditure to increase awareness about physical activity and encourage health consciousness among the populace are propelling the growth of the body composition analyzers market. Growing health and fitness consciousness among the population of the APAC region is another major factor propelling the APAC market growth for body composition analyzers. In addition, the growing patient population suffering from chronic and infectious diseases in the APAC region contributes to the APAC body composition analyzers market growth. In recent years, people's emphasis on their health has increased. It is keen on maintaining a healthy body weight, consuming fewer fatty foods and having sufficient water content to limit the chances of contracting diseases.
The growing obese population in the Asia-Pacific region supports regional market growth. The incidence of obesity has grown notably in the recent past and the trend is expected to continue in the coming years owing to the adoption of lifestyle changes. WHO once said that an estimated 20% to 40% of the adult population in India is suffering from obesity. Compared to other countries, India has a very high obesity rate. Obesity is seen equally in both men and women. Due to their busy lives, people are taking junk foods, fast foods, and soft beverages, which are the primary reasons for the cause of being overweight. Additionally, adopting a modern lifestyle, people are adopting new addictions such as drugs, smoking, and alcohol. All these factors may impact body weight and fat in several ways and lead to chronic diseases such as heart disorders, diabetes and others.
Increasing R&D efforts by the market participants to develop advanced body composition analyzers is accelerating the APAC market growth. Artificial intelligence, sensor technology, and deep neural networks are used in the devices for accurate results. As a result, key players and the government started investing in developing various body composition analyzers that help keep the population healthy.
However, the high equipment cost and the inaccuracy of various analyzers are significant constraints to the APAC body composition analyzers market. In addition, the lack of reimbursement policies and extended time for product approvals further hinder the APAC market growth.
This research report on the APAC body composition analyzers market has been segmented and sub-segmented into the following categories:
The bio-impedance analyzer segment is expected to lead the APAC body composition analyzers market by product during the forecast period.
The fitness and wellness centers segment is predicted to occupy the leading share of the APAC market during the forecast period. Fitness and wellness centers are the largest consumers of body composition analyzers.
Geographically, the Asia-Pacific body composition analyzers market is expected to grow at the highest CAGR due to the availability of massive untapped markets and an enormous population base coupled with increasing health & fitness awareness, reflected in its robust CAGR of more than 16%. In addition, factors such as growing disposable incomes and government support in countries such as India and China are expected to lead the market growth in this region. The Asia Pacific market is one of the promising regional markets for body composition analyzers worldwide. Factors such as the availability of body composition analyzers in various countries of the APAC region and growing healthcare expenditure, rising sports-related tests in the training and selection process of several government tests also demand body composition analyzer devices favoring the regional market growth. These devices help in knowing the weight and fat of the body is enough for a particular sports competition or not. In addition, increasing usage of body composition analyzers in police, army, military, and navy selection is various countries of the APAC market is anticipated to boost the market’s growth rate.
During the forecast period, the Indian body composition analyzers market is expected to capture a notable share of the APAC market and the growth of the Indian market is primarily driven by the growing adoption of body composition analyzers in hospitals, clinics, and diagnostic centers to measure weight, fat, minerals, and other features before treatment. In addition, increasing research centers and rising manufacturing activities to address the growing demand for the products favor the Indian market growth.
The Chinese body composition analyzers market is predicted to witness a promising CAGR during the forecast period. The growing number of manufacturers & suppliers and the increasing number of product approval of novel devices are propelling the growth of the Chinese market. Furthermore, manufacturers in China majorly focus on the development of the analyzer with minimal cost that can be afforded by the middle-class and low-class people to maintain a healthy weight, which supports the Chinese market growth. In addition, increasing awareness programs about the usage and benefits of body composition analyzer devices through social media and television fuel the market growth in China.
The Japanese body composition analyzers market is expected to hold a considerable share of the APAC market during the forecast period. In Japan, dental treatment is done with the help of a body composition analyzer. These devices help to calculate body mass index, fat-free mass index, and skeletal muscle mass index, which helps to know about the nutrition level in the body. All these measures help healthcare providers to give better treatment to a patient who is suffering from various dental problems.
KEY MARKET PLAYERS:
Companies playing a leading role in the APAC body composition analyzers market profiled in the report are InBody Co., Ltd (South Korea), Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.), and GE Healthcare (U.S.), among others.
The APAC body composition analyzers market is anticipated to grow at a CAGR of 16.5% from 2022 to 2027.
Omron Healthcare, Inc., Tanita Corporation, and Inbody Co., Ltd. are some of the leading players in the APAC Body Composition Analyzers Market.
High cost of advanced devices and the lack of trained professionals to operate them are major challenges to the APAC body composition analyzers market.
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