InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Body Composition Software Market – (By Type (On-premises, Cloud-Based, By Application (Fitness and Wellness, Sports Performance, Healthcare and Medical, Research and Education)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Body Composition Software Market is expected to grow with a CAGR of 8.9% during the forecast period of 2024-2031.
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Body composition software can calculate a person’s fat, muscle, bone, and water percentages. Due to a worldwide increase in the prevalence of obesity, a heightened awareness of the importance of health and fitness, a proliferation of government programs aimed at promoting physical exercise, and new developments in health-related technologies are expected to boost the growth of the global body composition software market.
Moreover, increasing numbers of health and wellness facilities, such as gyms, wellness centers, and health clubs, drive demand for body composition software. These facilities are expanding the market by offering personalized fitness assessments, tracking progress, and creating specific diet and exercise plans. However, in underdeveloped countries, where there may be a shortage of education about the benefits of body composition software, this could limit market growth. An increasingly aging population, integrating software that monitors body composition using smartwatches, and increasing demand for efficient methods of tracking and controlling one’s weight endorse the necessity of body composition measurement software, thereby boosting market growth.
List of Prominent Players in the Body Composition Software Market:
- Spren
- TANITA
- Quantib
- FitTrace
- Bodystat
- Linear Software
- ImpediMed
- MEDICAL IP
- Maltron
- Others
Market Dynamics:
Drivers-
Growing demand for technological advancement and increasing public awareness are key factors expected to drive the growth of the target market. A growing number of people are making use of body composition software as a result of recent technological advancements that have made it more precise, easier to use, and compatible with other health monitoring systems, which is a factor anticipated to play a substantial role in driving worldwide body composition software market. Additionally, the demand for body composition software is driven by the increasing public awareness of the importance of health and fitness in monitoring and improving health outcomes, which also contributes to expanding the global body composition software market.
Challenges:
The prime challenges are high cost, lack of specialist expertise, and lack of awareness, which are predicted to reduce the growth of the body composition software market. However, the high cost of advanced software and equipment for body composition software prevents its widespread use by small gyms, people, and private trainers, which are factors expected to hamper the overall growth of the body composition software market over the coming years. Furthermore, market growth would be hindered, and the results of body composition software can be easier to understand with specific training. This may discourage smaller firms or people who are not professionals from utilizing this technology; this can slow down the adoption of the body composition software market in the coming years.
Regional Trends:
The North American body composition software market is expected to register a maximum market revenue share. It is projected to grow at a high CAGR in the near future. Because the growing need for body composition software tools inside corporate wellness programs is expected to rise as more and more companies prioritize the health and well-being of their employees, rising public understanding of health fitness are factors expected to proliferate the growth of the body composition software market in the region. Besides, Europe had a considerable share in the market due to innovations in body composition technology, the growth of health and wellness businesses, and the increasing prevalence of obesity are driving forces in the market. Moreover, significant market participants’ presence and the expanding use of body composition software in industries such as wellness clinics, fitness centers, and individual trainers, along with the robust facilities in the area, is fueling this growth in the area, which could lead to an increase in demand for body composition software worldwide.
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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.
Segmentation of Body Composition Software Market-
By Type-
- On-premises
- Cloud-Based
By Application-
- Fitness and Wellness
- Sports Performance
- Healthcare and Medical
- Research and Education
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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