Global body composition analyzers market is expected to reach USD 2,629.11 million by 2026 from USD 1,118.57 million in 2018, at a CAGR of 11.4% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
Key Market Competitors:COSMED srl, GENERAL ELECTRIC, OMRON Corporation, seca, Tanita, Bodystat, RJL SYSTEMS Inc, Hologic Inc., Maltron International Ltd, InBody CO., Ltd, SELVAS Healthcare, Inc., beurer, LAICA S.p.A, AKERN SRL, ImpediMed Ltd and ImpediMed Inc. and others.
Global Body Composition Analysers Market – Segmentation:
By Product (Bioimpedance Analyzer, Skinfold Caliper, Dual Emission X-Ray Absorptiometry (DEXA), Hydrostatic Weighing, Air Displacement Plethysmography),
End-User (Private Clinics, Offices, Health Clubs, Hospitals, Others),
Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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- Significant rise of e-commerce and the subsequent demand from the industry is expected to drive the market growth
- Growth in consumption of goods susceptible to varying temperatures is also expected to act as a driver to the market growth
- Strict regulations posed by the authorities regarding the use of raw materials is expected to restrain the market growth
- High cost of maintenance of these products related to the constant use of these products is also expected to restrain the market growth
TABLE OF CONTENTS
2 GLOBAL BODY COMPOSITION ANALYZERS MARKET SEGMENTATION
3 MARKET OVERVIEW
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 INDUSTRY INSIGHTS
7 GLOBAL BODY COMPOSITION ANALYZERS MARKET, BY PRODUCT TYPE
8 GLOBAL BODY COMPOSITION ANALYZERS MARKET, BY COMPARTMENT MODEL TYPE
9 GLOBAL BODY COMPOSITION ANALYZERS MARKET, BY END USER
10 GLOBAL BODY COMPOSITION ANALYZERS MARKET, BY GEOGRAPHY
11 GLOBAL BODY COMPOSITION ANALYZERS MARKET, COMPANY LANDSCAPE
12 COMPANY PROFILE
15 RELATED REPORTS
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The company was established in 1933, headquarter in Kyoto, Japan. Omron is focused on technological advancements for the social needs. The main business segments of the company are IAB (Industrial Automation business), AEC (Automotive Electronic Components Business), HCB (Healthcare Business), EMC (Electronic and Mechanical Components Business), SSB (Social Systems, Solutions and Service Business). In 2017, company’s Industrial Automation Business (IAB) generated around 46.0% of revenue followed by Electronic and Mechanical Components Business (EMC) with 12.0%, Automotive Electronic Components Business (AEC) with 15.0%, Social Systems, Solutions and Service Business (SSB) with 7.0%, Healthcare Business (HCB) with 13.0% and others Businesses with 6.0%. The Healthcare Business (HCB) segment has generated high revenue from last year as it was USD 1,01,300.0 million in 2016 and in 2017 this segment has generated USD 1,08,500.0 million because of adoption of home-use blood pressure monitors and nebulizers in emerging economies such as India, China, etc.
The revenue of the company is USD 7,936.53 Million. Number of employees is 36,193 (As of March 2018). In August 2010, Omron Healthcare has launched the Body Composition Monitor in the brand name of HBF-203, which is specifically designed to for the determination of the ratio of body fat and skeletal muscle. This product launch will increase its body composition analyzers product line.
The company has its global network in Japan, Greater China, Asia Pacific, Americas, Europe and others. The company has its subsidiaries such as OMRON HEALTHCARE Co., Ltd. (Japan), Omron Healthcare, Inc. (U.S.), Omron (China) Co., Ltd. (China), Omron Electronics Pty Ltd. (Australia), Omron Healthcare Europe B.V. (Netherlands) among others.
The company was founded in 1944, headquarter in Tokyo, Japan. Tanita is focused on technology advanced weighing balance development. The company has global presence in Americas, Europe, Asia-Pacific, Middle East & Africa.
- In May 2017, Tanita introduced the ultimate medical-grade scale for residential use which scans and examines 26 body features from body fact, weight, muscle mass, metabolic age, BMI (Body Mass Index) and body water. Tanita’s latest RD-545 scale with its unique technology offers advantage to the body builders, top athletes, and fitness enthusiasts analyse their body.
GE HEALTHCARE (A SUBSIDIARY COMPANY OF GENERAL ELECTRIC)
The General Electric was founded in 1892 and headquartered in Boston, U.S. The company focused on to run more empowered, accountable businesses that are in the best possible position to create value for their customers and improve top-line and bottom-line performance. The revenue of the company is USD 121,615.00 Million. Number of employees is 283,000. The company has global presence in U.S, Europe, Asia Pacific, Middle East and Africa, Americas. The company’s business segments are healthcare systems and life sciences segment in which healthcare systems has generated 75.3% followed by life sciences segment with 24.7% of the total revenue. The revenue in Healthcare segment grew by 5.0% from last year where it was USD 14,500.0 million in 2017 and in 2018 it has generated USD 14,900.0 million. It has increased because of growing demand in developed and emerging markets for Healthcare Systems as well as new product launches like Pristina patient assisted mammography.
The revenue of the company is USD 19800 million in 2018 and they have number of employees for the year 2018 are 53,800. In February 2013, GE Healthcare has collaborated with Complete Medical Services (USA) to promote the new Lunar Prodigy bone density systems to the primary care USA medical market. This collaboration will help GE Healthcare to generate more revenue from the U.S. market. The collaboration helped the company to increase its revenue as Complete Medical Services (USA) is leader in refurbished bone density equipment who agreed to sell new products GE Healthcare’s new Lunar Prodigy bone density systems
The company has its subsidiaries such as GE Power (U.S), GE Aviation (U.S), GE Renewable Energy (France), GE Oil & Gas (U.S), GE Digital LLC (U.S), GE Lighting (U.S) among others.
Global Body Composition Analysers Market – Drivers:
Some of the major factors driving the market for body composition analysers market, areaging population globally, rising obesity globally, government initiatives, and key players are taking strategic decisions to gain market share,increasing health club memberships, growing health and fitness consciousnessand increasing diseases due to changing lifestyle.
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