Body Fat Measurement Market size to exceed $790mn by 2024: Global Market Insights Inc. Body Fat Measurement Market size is estimated to reach USD 798 million by 2024; as per a new research report by Global Market Insights, Inc. Development of technologically advanced BIA devices and growing prevalence of metabolic disorders will fuel demand for body fat measurement solutions. Growing prevalence of obesity has been a rising concern, worldwide. The metabolic disorders are closely associated with several life threatening diseases such as stroke, diabetes and other heart disorders. The development of technologically advanced BIA devices and their improved adoption should boost industry size. Technological developments such as introduction of four-eight sensors and electrode segmental analysis along with growing use of DEXA bone densitometers for body composition analysis should further enhance the accuracy of testing. U.S. dominated the industry revenue share, with target market size slated to exceed USD 274 million by 2024. High market penetration rates, presence of large unmet needs in terms of body weight management in the population, and lucrative adoption of technologically advanced products are some key factors accounting for its large share.
APAC will register a healthy 8.9% CAGR owing to increased healthcare spending, rising per capita disposable income levels and increased buying power of healthcare consumers in this region. The entry of established players with their expansion strategies in the emerging economies has made Asia-Pacific and Latin America lucrative growth markets. Moreover, comparatively less stringent regulatory landscape and strong labor force in the regions of China and India should offer smooth entry to industry players.
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