Omron Corporation, Tanita, GE Healthcare (A Subsidiary Company of General Electric) are dominating the Global Body Composition Analyzers Market in 2019

Global body composition analyzers market is growing at a healthy CAGR of 11.4% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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The body composition analyzers market is a highly concentrated market which includes key players and local players. The market has witnessed an increase in various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to rising number of geriatric population, rising obesity, government initiatives, and increase in strategic decisions by key players and increasing diseases due to changing lifestyle. The rising fitness industry which offers healthcare benefits such as fitness guidance and proper training is also posing as an opportunity for the market.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, 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.

Omron Corporation dominated the body composition analyzers market. The other key players existing in the market includes InBody CO., Ltd, GENERAL ELECTRIC, OMRON Corporation, seca, Tanita, COSMED srl,, Bodystat, RJL SYSTEMS Inc, Hologic Inc., Maltron International Ltd, SELVAS Healthcare, Inc., beurer, LAICA S.p.A, AKERN SRL, ImpediMed Ltd and ImpediMed Inc. and others.

OMRON CORPORATION

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). The market focused is HCB (Healthcare Business.

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) and among others.

TANITA

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. The company has various product categories such as professional, consumer and mini scales. The market focused category for the particular market is Professional, Consumer. The company has developed and introduced various other products in market which ultimately increased the market value. For instance,

  • 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 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. The market focused is healthcare systems. The company has business segments such as healthcare systems and life sciences. The product category of the company are Accessories and Supplies, Advanced Visualization, Anesthesia Delivery, Bone Health and Metabolic Health, Computed, Tomography, Contrast Media, Diagnostic ECG, Edison, EP Recording, GoldSeal - Refurbished Systems, Healthcare IT, Hemodynamic Recording, Interoperability, Interventional Image Guided Systems, Life Sciences, Magnetic Resonance, Imaging, Mammography, Maternal Infant Care, Molecular imaging, Nuclear Imaging Agents, Patient Monitoring, Radiography, Fluoroscopy Systems, Surgical Imaging, Ultrasound and Ventilators. The market focused categories for the particular market are bone health and metabolic health. The company has taken various strategic decisions for providing products and enhancing their business in market which ultimately increased the market value.

  • 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) and among others.