Rising Prevalence of Obesity and Disability Conditions Globally Projected to Drive the Sales of Digital Scale through 2034 | Future Market Insights, Inc.
28 Nov 2023
A new report highlights the rising demand for digital scales, fueled by consumers' increasing focus on health and fitness. The report forecasts a CAGR of 6.1% for the Chinese market from 2024 to 2034, making it one of the most promising regions in the global digital scale market. The report also delves into the market's historical growth trajectory, identifying the key drivers behind its expansion
Digital Scale Market Forecast by Floor Scale and Chair Scale, Global Growth Opportunities and Revenue Forecast from 2024 to 2034
NEWARK, Del., Nov. 28, 2023 /PRNewswire/ -- The global digital scale market is estimated to be
US$
564.6 million in 2024 and is projected to exhibit a CAGR of
4.5% over the forecast period. By 2034, the market is likely to cross a valuation of
US$ 877.1 million.
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The need for digital scales is being driven by consumers' growing awareness of health and fitness. Digital scales now have better accuracy, updated user interfaces, wireless connectivity, smartphone application integration, and support for health tracking gadgets. The technological developments have improved the usability and attraction of digital scales to a wider consumer base, spurring market expansion.
People actively manage health to fight chronic diseases, signaling a global movement towards preventative healthcare. Digital scales help by giving people the tools to monitor body weight and track changes over time. Regular weight tracking helps make it easier to spot patterns and promote healthy lifestyle choices, which supports preventive healthcare practices.
The prevalence of Parkinson's disease is another driving factor for the digital scale market. Parkinson's disease causes problems keeping balance and walking. Parkinson's disease can cause weight fluctuations and requires monitoring of weight. Thus, the disease is causing demand to increase in the digital scale market.
"Rising prevalence of neurological disorders such as Parkinson's disease as well as the increasing adoption of a portable scale and more effective methods for obesity management is set to propel the sales of digital scale across the globe," Says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
.
Key Takeaways from Market Study
Floor scales are the leading product type segment and are anticipated to account for around
24.3% of the market share in 2024.
Geriatric is the age group that prevails as end-user in the market. For 2024, geriatric consumers are expected to contribute to 29.9% of the market share by age group.
China is one of the most promising countries in the market. From 2024 to 2034, the market is slated to evince a CAGR of 6.1% in China.
Japan and India are two other Asian countries with potential. For the forecast period, the CAGR for India and Japan is pegged to be 4.9% and 5.0% respectively.
The market is expected to register a CAGR of 4.2% in the United Kingdom over the forecast period.
Understand global, regional, and country-level parameters with growth opportunities, historical data (2019-2023), and forecasts (2024-2034).
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Market Competition
Leading players in the digital scale market are adopting several key strategies such as product launches to strengthen market presence as well as to expand the product portfolio. The market is competitive and does not contain many dominating players. Technological advancement is a key concern for market players. Some of the key companies in the market are Seca GmbH & Co. Kg, Doran Marsden Weighing, KERN & SOHN GmbH, and Scale-Tronix.
Recent Developments
In November 2023, the Body Pro 2 scale from Withings was introduced, which uses advanced technology for features like diabetes detection.
In September 2023, Titan announced its intention to enter the market, as it geared up to launch weight scales in 2024.
In 2021, Marsden Weighing's Patient Transfer Scale won the Queen's Award for Innovation.
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About Healthcare Division of Future Market Insights:
The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Million+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About the Author:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
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