Body Composition Software Market Size is predicted to witness a 8.9% CAGR during the forecast period for 2024-2031.
Body composition software can determine and show a person's total body water percentage, fat percentage, muscle mass, weight, and bone density. The market for body composition software is anticipated to experience expansion due to factors such as rising obesity rates, increased focus on wellness and fitness, greater government initiatives advising physical activity, and advancements associated with health advances in technology. Moreover, the increasing need for body composition software is being supported by an ageing population, the integration of wristwatch software that measures body composition, and the increasing demand for effective methods of monitoring and managing a person's weight. These factors are driving market expansion.
The increasing number of people concerned with weight-related health issues is expected to bring numerous growth opportunities. This growing population regularly assesses the body's composition, food, moisture, and dietary habits to track changes and progress. As a result, product demand is forecasted to positively affect and escalate global market competition, which is expected to fuel market growth in the years ahead.
However, the lack of education and awareness about the benefits of body composition software may limit the growth of the market during the forecast period. Furthermore, technological advancement and rising consumer consciousness on the significance of health and well-being are key drivers fueling the industry revenue growth over the forecast period.
Competitive Landscape
Some Major Key Players In The Body Composition Software Market:
- Spren
- TANITA
- Quantib
- FitTrace
- Bodystat
- Linear Software
- ImpediMed
- MEDICAL IP
- Maltron
- Others
Market Segmentation:
The body composition software market is segmented based on type and application. Based on type, the market is segmented as on-premises and cloud-based. As per the application, the market is divided into fitness and wellness, sports performance, healthcare and medical, and research and education.
Based On Type, The On-Premises Segment Is A Major Contributor In The Body Composition Software Market.
The on-premises category will hold a major share of the global body composition software market in 2022. This is attributed to the greater control over data storage offered by on-premises systems, guaranteeing that critical health and body composition data stays within the organization's control and improving privacy and security. It is easier to tailor on-premises software to meet a company's specific needs.
The Fitness And Wellness Segment Witnessed Growth At A Rapid Rate.
The fitness and wellness segment is estimated to grow rapidly in the global body composition software market because body composition analysis is a great tool for helping individuals create attainable goals for health and fitness. Observing measurable improvements in one's body composition can greatly enhance one's drive to maintain exercise and diet regimens, creating a positive feedback loop that promotes continuous health and wellness initiatives, growing this segment's growth in the coming years.
In The Region, The North American Body Composition Software Market Holds A Significant Revenue Share.
The North American body composition software market is expected to register the maximum market revenue share in the near future. This can be attributed to the progress in technology in the region, with the increasing adoption of body composition software in this area. In addition, there is growing public interest in health, fitness, and wellness, as well as a better understanding of the role of body composition in overall health and the growth of the target market in the region. In addition, Asia Pacific will grow rapidly in the global body composition software market due to factors impacting market dynamics, including technological developments and an increase in the prevalence of chronic and metabolic diseases brought on by insufficient exercise and unhealthy diet. This suggests that the expansion of regional markets drives the rapid increase in obesity-related metabolic diseases in Asian countries.
Recent Developments:
- In December 2023, a successful conclusion to the inaugural Body Transformation Challenge was declared by TANITA in collaboration with the Independent Gyms Network. Showcasing the transformative power of the challenges that fostered accountability among gym members, the initiative was devised strategically to encourage active participation in the Independent Gyms community at large.
- In August 2023, FitTrace connected its platform with Apple Health, allowing users to evaluate body composition measurements from Dual Energy X-ray absorptiometry (DXA) devices.
Body Composition Software Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 8.9% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Spren, TANITA, Quantib, FitTrace, Bodystat, Linear Software, ImpediMed, MEDICAL IP, and Maltron. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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