The smart weight, body composition, and body-mass index scales global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Smart Weight, Body Composition, And Body-Mass Index Scales Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The smart weight, body composition, and body-mass index scales market size has grown strongly in recent years. It will grow from $78.41 billion in 2023 to $83.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growing awareness about health and fitness, increased demand for telehealth, growing demand for digital body composition sales, and rising number of overweight and obese population.
The smart weight, body composition, and body-mass index scales market size is expected to see strong growth in the next few years. It will grow to $107.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the increasing prevalence of obesity rates, increased preference for fitness activities and enhanced participation in sports, rising awareness of obesity, increasing demand needs advanced body health monitoring tools, and increasing number of fitness clubs. Major trends in the forecast period include technologically advanced measuring scales, technological advancements, innovative designs, materials, and smart features, integration with artificial intelligence, integration with voice assistants, and integrating with Fitbit’s.
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Scope Of Smart Weight, Body Composition, And Body-Mass Index Scales Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Smart Weight, Body Composition, And Body-Mass Index Scales Market Overview
Market Drivers –
The increasing prevalence of obesity is expected to propel the growth of smart weight, body composition, and body mass index scale markets going forward. Obesity is a medical condition characterized by excessive body fat accumulation, leading to health risks. It is typically measured using the Body Mass Index (BMI), with a BMI of 30 or higher indicating obesity. The prevalence of obesity is due to rising rates of unhealthy eating, sedentary lifestyles, and socio-economic factors, leading to higher prevalence and associated health risks. Smart weight, body composition, and body mass index (BMI) scales are used for obesity by providing detailed and accurate measurements of body weight, fat percentage, muscle mass, and BMI, enabling individuals to monitor their progress, make informed lifestyle changes, and track the effectiveness of weight management strategies. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government organization, globally, approximately 2.3 billion adults and children are currently obese or overweight, and with ongoing trends, the number of individuals living with obesity is projected to reach 2.7 billion by 2025. Therefore, the increasing prevalence of obesity rates drives the growth of the smart weight, body composition, and body-mass index scales market.
Market Trends –
Major companies operating in the smart weight, body composition, and body-mass index scales market are focused on developing innovative technologies, such as body composition analyzers, to enhance health and fitness tracking. A body composition analyzer is a device that measures various components of the body, such as fat, muscle, bone, and water percentages, to provide a detailed analysis of a person’s physical health. For instance, in April 2023, Actxa Pte Ltd., a Singapore-based fitness and health technology company, launched the Sense 2 Smart Scale, an advanced device designed to offer comprehensive health and fitness tracking. This device provides advanced sensors for precise measurement of weight, body fat percentage, muscle mass, and other key body composition metrics. It offers seamless integration with a companion mobile app, allowing users to track their health data in real-time and view detailed progress reports. It also includes Bluetooth connectivity for easy data syncing and personalized insights based on trends in the collected data.
The smart weight, body composition, and body-mass index scales market covered in this report is segmented –
1) By Type: Wi-Fi Scales, Bluetooth Scales
2) By Price: Less Than USD 100, More Than USD 100
3) By Distribution Channel: Offline, Online
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Regional Insights –
North America was the largest region in the smart weight, body composition, and body-mass index scales market in 2023. The regions covered in the smart weight, body composition, and body-mass index scales market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the smart weight, body composition, and body-mass index scales market are Huawei Technologies Co. Ltd., Xiaomi Communications Co. Ltd., Nureca Ltd., Garmin Ltd., Anker Technology UK Ltd., Fitbit Inc., Polar Electro Oy, Beurer GmbH, InBody Co. Ltd., Withings France SA, Etekcity, Wyze Labs Inc., iHealth Labs Inc., Pyle USA, Renpho Technology Co. Ltd., Tanita Corporation, Salter Housewares Limited, Vandelay Brands Limited, Greater Goods LLC, Qardio Inc., Koogeek Inc., Blipcare Inc., PICOOC Technology Co. Ltd., Actxa Pte Ltd.
Table of Contents
1. Executive Summary
2. Smart Weight, Body Composition, And Body-Mass Index Scales Market Report Structure
3. Smart Weight, Body Composition, And Body-Mass Index Scales Market Trends And Strategies
4. Smart Weight, Body Composition, And Body-Mass Index Scales Market – Macro Economic Scenario
5. Smart Weight, Body Composition, And Body-Mass Index Scales Market Size And Growth
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27. Smart Weight, Body Composition, And Body-Mass Index Scales Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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