Evaluating the Smart Weight, Body Composition, And Body-Mass Index Scales Market’s Growth Prospects from 2024 to 2033
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How is the Growth Rate of the Smart Weight, Body Composition, And Body-Mass Index Scales Market Estimated for 2024-2033?
The market for smart weight, body composition, and body mass index scales has seen remarkable growth in the past few years. The estimated value of the market is set to increase from $78.41 billion in 2023 to $83.37 billion in 2024, showing a compound annual growth rate (CAGR) of 6.3%. The expansion during the previous period is a result of increased consciousness about health and fitness, a surge in telehealth demand, a rising preference for digital body composition scales, and a growth in the population of overweight and obese individuals.
The market for intelligent weight, body composition, and body mass index scales is anticipated to experience significant expansion in the next several years, surging to $107.51 billion in 2028 with a compound annual growth rate (CAGR) of 6.6%. The anticipated growth over the forecast period can be linked to the rise in obesity rates, amplified inclination towards fitness routines and sports involvement, increased awareness about obesity, the surging demand for sophisticated health monitoring devices, and an escalating count of fitness clubs. Foreseen trends over the forecast period encompass technologically progressive weighing scales, technological advancements, creative designs, materials, smart capabilities, incorporation with artificial intelligence, compatibility with voice assistants, and integration with Fitbit.
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What Key Drivers Are Propelling the smart weight, body composition, and body-mass index scales Market’s Growth?
The growth of the smart weight, body composition, and body mass index (BMI) scale market is likely to be propelled by the escalating occurrence of obesity globally. Obesity, defined as an accumulation of excessive body fat that poses health risks, is typically gauged using the BMI. A BMI score of 30 or more is indicative of obesity. Unhealthy dietary habits, sedentary lifestyles, and socio-economic factors contribute to the onset and spread of obesity and the health hazards associated with it. Smart weight, body composition, and BMI scales play a crucial role in obesity management, providing detailed and accurate measurements of body weight, fat percentage, muscle mass, and BMI. These measurements enable individuals to monitor their health, make evidence-based lifestyle modifications, and assess the impact of weight management approaches. For example, the World Heart Foundation, a non-profit organisation based in Switzerland, reported in March 2023 that around 2.3 billion adults and children globally are currently obese or overweight. In light of ongoing trends, the number of people affected by obesity is expected to rise to 2.7 billion by 2025. Hence, the rising rate of obesity globally is fuelling the growth of the smart weight, body composition, and body mass index scales market.
What Are the Distinct Segments of the Smart Weight, Body Composition, And Body-Mass Index Scales Market?
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3) By Distribution Channel: Offline, Online
Which New Trends Are Making Waves in the Smart Weight, Body Composition, And Body-Mass Index Scales Market?
Primary players in the smart weight, body composition, and body-mass index scales industry are creating innovative technologies, like body composition analyzers, to improve tracking of health and fitness. Body composition analyzers are devices that assess a variety of physical attributes such as fat, muscle, bone, and water sections of the body to give an in-depth report of an individual’s physical health. For example, Actxa Pte Ltd., a health and fitness technology firm based in Singapore, introduced the Sense 2 Smart Scale in April 2023. This sophisticated device provides a complete tracking system for health and fitness. It uses high-end sensors for accurate measurements of weight, body fat percentage, muscle mass, and other vital body composition indicators. It integrates smoothly with a dedicated mobile app, hence enabling users to monitor their health stats in real-time and access comprehensive progress reports. The device also features Bluetooth capabilities for effortless data synchronization and personalized insights derived from the analyzed data trends.
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Which Regions Are Significant to the Growth of the Smart Weight, Body Composition, And Body-Mass Index Scales Market?
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.
The Smart Weight, Body Composition, And Body-Mass Index Scales Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the smart weight, body composition, and body-mass index scales market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Smart Weight, Body Composition, And Body-Mass Index Scales Market Include
1. Smart Weight, Body Composition, And Body-Mass Index Scales Market Executive Summary
2. Smart Weight, Body Composition, And Body-Mass Index Scales Market Segments
3. Smart Weight, Body Composition, And Body-Mass Index Scales Market Size And Template Market Growth Rate
4. Key Smart Weight, Body Composition, And Body-Mass Index Scales Market Trends
5. Major Smart Weight, Body Composition, And Body-Mass Index Scales Market Drivers
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25. Key Mergers And Acquisitions In The Smart Weight, Body Composition, And Body-Mass Index Scales Market
26. Top Smart Weight, Body Composition, And Body-Mass Index Scales Companies
27. Smart Weight, Body Composition, And Body-Mass Index Scales Market Opportunities And Strategies
28. Smart Weight, Body Composition, And Body-Mass Index Scales Market, Conclusions And Recommendations
29. Appendix
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