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(MoneyNewsWire.Net, November 20, 2017 ) The Latin America Body Composition Analyzers Market was worth USD 55.89 million in 2016 and is projected to be growing at a CAGR of 11.2%, to touch USD 95.03 million by 2021. Muscular tissue takes up lesser space in the body when compared to fat tissue, which makes it hard to manually determine body composition. Body composition analyzers not only determine body composition but also aid in determining the risk of an individual to develop diseases like truncal and abdominal obesity.
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The main task of a Body Composition Analyzers is to measure the percentages of fat, bone, water and muscle, present in the human body. BCAs are valuable in determining muscularity, particularly in the fitness & sports industry, while also catering to the growing health awareness among the people.
The growth of the Latin America Body Composition Analyzers Market is driven by factors such as the increasing awareness among the people about the problems associated with obesity, and the benefits that come with maintainting appropriate fitness levels. Other factors driving the Asia-Pacific market include the rising use of BCAs in the sports and fitness industry and increasing governmental expenditure to increase awareness about physical activity and encourage health consciousness among the populace. However, high cost of the equipment and the inaccuracy of various analyzers are some of the constraints faced by the market.
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The Latin America Body Composition Analyzers Market is segmented on the basis of Product, End-User and Region. Based on the Product, the Body Composition Analyzers market is allocated into Bio-impedance analyser, Dual Energy X-ray Absorptiometry (DEXA), Skinfold Callipers, Air Displacement Plethysmography (ADP) and Hydrostatic Weighing. On the basis of End User, the market is distributed among Hospitals, Fitness & wellness Centres, Academic & Research Centres and Home-users.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. There is potential for market growth in the future due to increasing health consciousness and availability of untapped markets.
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The significant players in the Latin America Body Composition Analyzers Market are InBody Co., Ltd (South Korea), Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.) and GE Healthcare (U.S.) among others.
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