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Smart Weight, Body Composition, and BMI Scales Market size is set to grow by USD 108.54 million from 2024-2028, Rising health consciousness among people boost the market, Technavio

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NEW YORK, June 14, 2024 /PRNewswire/ — The global smart weight, body composition, and BMI scales market size is estimated to grow by USD 108.54 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.22% during the forecast period. Rising health consciousness among people is driving market growth, with a trend towards increased innovative features such as pregnancy mode. However, proliferation of alternative smart wearable devices and applications poses a challenge. Key market players include Actofit Wearables, Anker Technology UK Ltd., beatxp, Blipcare, Fitbit LLC, Garmin Ltd., iHealth Labs Inc., Koogeek Inc., PICOOC Technology Co Ltd., Polar Electro Oy, Pyle USA Sound Around Inc, Qardio Inc., Tanita Corp., Vandelay Brands Ltd., Wahoo Fitness LLC, Withings France SA, Wyze Labs Inc., Xiaomi Communications Co. Ltd., Huawei Technologies Co. Ltd., and Nureca Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Weight, Body Composition, and BMI Scales Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.22%

Market growth 2024-2028

USD 108.54 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.78

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, Canada, China, UK, and Germany

Key companies profiled

Actofit Wearables, Anker Technology UK Ltd., beatxp, Blipcare, Fitbit LLC, Garmin Ltd., iHealth Labs Inc., Koogeek Inc., PICOOC Technology Co Ltd., Polar Electro Oy, Pyle USA Sound Around Inc, Qardio Inc., Tanita Corp., Vandelay Brands Ltd., Wahoo Fitness LLC, Withings France SA, Wyze Labs Inc., Xiaomi Communications Co. Ltd., Huawei Technologies Co. Ltd., and Nureca Ltd.

Market Driver

Smart weight, body composition, and BMI scales with advanced pregnancy-mode features are gaining popularity in the market. These scales offer efficient tracking of expectant mothers’ health parameters, enabling them to monitor their pregnancy progress. Qardio’s QardioBase is an example of such a product, providing a visual directory of each measurement. The inclusion of these features is expected to boost the global demand for smart weight, body composition, and BMI scales during the forecast period. 

The Smart Weight, Body Composition, and BMI Scales market is witnessing significant growth due to increasing health consciousness among consumers. These scales offer advanced features such as body fat percentage analysis, muscle mass measurement, and BMI calculation. Body composition analysis is becoming a trend as people seek more detailed insights into their health.

Companies are focusing on developing more accurate and user-friendly devices. Bodyweight is just one aspect of health, and body composition analysis provides a more comprehensive understanding of overall health. The use of smart technology in these scales is also driving innovation, with features like syncing data to mobile apps and integration with other health tracking devices. The market is expected to continue growing as more people prioritize their health and wellness. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global smart weight, body composition, and BMI scales market confronts competition from smartwatches and fitness trackers, as well as mobile applications. These alternatives offer diverse functionalities and convenience, leading consumers to prefer them over dedicated smart scales. Manufacturers must distinguish their products through unique features, superior accuracy, and seamless integration with health applications to maintain market share and customer adoption.The Smart Weight, Body Composition, and BMI scales market face several challenges. One challenge is the increasing competition from various players offering similar products. Another challenge is the need to ensure accuracy and reliability of the data provided by these scales.Additionally, there is a growing demand for scales that can measure more than just weight and body mass index (BMI). This requires advanced technology and sensors, which can increase production costs. Furthermore, regulatory compliance is a significant challenge, as these devices must adhere to various safety and quality standards. Lastly, consumer education and awareness about the importance of body composition analysis and the benefits of using smart scales is essential to drive market growth.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Distribution Channel1.1 Offline1.2 OnlinePrice 2.1 Less than USD1002.2 More than USD100Geography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline- The offline distribution segment for smart weight, body composition, and BMI scales has experienced notable growth due to traditional retail stores’ role in reaching a broad customer base. Offline channels, including health stores, department stores, hypermarkets, and fitness equipment stores, offer consumers the chance to compare brands, seek advice, and receive demonstrations.

Immediate product availability, after-sales services, and potential for impulse buying are advantages. Manufacturers benefit from retail partnerships, wider market coverage, and enhanced brand visibility. However, physical stores must adapt to the changing retail landscape and manage inventory effectively to remain competitive.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Smart Weight, Body Composition, and BMI Scales market encompasses advanced electronic devices designed to measure and analyze various health metrics beyond simple weight. These metrics include muscle mass, body fat percentage, bone mass, and other essential indicators of overall health and body composition. Innovative products in this market utilize small electrical currents and Bioelectrical Impedance Analysis (BIA) to determine body composition.

Users seek these devices to monitor their Desired body composition and manage Chronic health disorders such as Obesity, diabetes, and metabolic conditions. Smart Weight Composition scales also provide insights into Glucose, Cholesterol, and Reproductive hormone metabolism levels. Market growth is driven by increasing

Health awareness and the need for accurate Body Composition Analysis. Various techniques like Skinfold thickness measurements, Underwater weighing, and Air displacement plethysmography are employed to ensure accurate readings. The market continues to expand due to the Obesity rates’ rise and the growing prevalence of Body fat-related health issues.

Market Research Overview

The Smart Weight, Body Composition, and BMI Scales market encompasses innovative digital devices designed to measure weight, body composition, and Body Mass Index (BMI). These scales employ advanced technologies such as bioelectrical impedance analysis (BIA), segmental analysis, and bio-impedance vector analysis to provide accurate and detailed health assessments.

The market is driven by increasing health consciousness, rising obesity rates, and the growing trend towards preventative healthcare. Smart scales offer features like wireless connectivity, data tracking, and integration with fitness apps, making them indispensable tools for individuals seeking to manage their weight and overall health. The market is expected to grow significantly due to these factors and the continuous development of more sophisticated and user-friendly devices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlinePriceLess Than USD100More Than USD100GeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Guidehouse Adds Two Leaders to Growing Health Segment

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Mark Korth and Angela Hunt, RN, join as partners to help healthcare organizations advance clinical and operational performance

MCLEAN, Va., Nov. 18, 2024 /PRNewswire/ — Guidehouse, a global consultancy providing advisory, digital, and managed services to the commercial and public sectors, has added two partners, Mark Korth and Angela Hunt, RN, to the firm’s Health segment.

A former health system C-suite executive, Korth will support providers with optimizing large-scale mergers and integrations, transformations, and operating model implementation. Hunt will assist providers with improving quality, clinical documentation and coding, payer contracting, and operating performance.

“We are thrilled to welcome Angela and Mark to Guidehouse,” said Tim Kinney, Guidehouse partner and Payer/Provider practice leader. “Their deep expertise and proven leadership in the healthcare industry will enhance our ability to provide innovative, patient-centered solutions that address our clients’ most pressing challenges. Angela’s and Mark’s unique perspectives will be invaluable as we continue to help healthcare leaders meaningfully serve their communities.”

Korth joins Guidehouse following a more than 25-year career leading large health systems, hospitals, and medical groups. A strategic executive with a proven ability to guide mergers, partnerships, and systemwide transformations, he has consistently advanced initiatives that improved population health and delivered sustainable margins. Korth’s experience spans large for-profit and nonprofit hospitals and health systems, having served as CEO, regional president, system chief transformation officer, and chief operating officer. 

With close to 30 years of strategic experience, Hunt brings a proven track record of leading teams through complex projects that have helped health systems and physician enterprises improve clinical and operational outcomes. Her proficiency spans data analytics, change management, clinical data management, strategic communication, and detailed outcomes improvement. This includes working with IT departments to develop analytics to better focus clinical integrity teams through benchmark opportunities in high volume MS-DRGs.

With 19 Best in KLAS® awards, Guidehouse’s Health segment serves providers, government agencies, life sciences companies, payers, and other healthcare organizations. Backed by proven success in modernizing and innovating healthcare services, finances, and operations, the firm delivers a comprehensive approach to solving interrelated industry challenges.

About Guidehouse
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Guidehouse is purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries. Disrupting legacy consulting delivery models with its agility, capabilities, and scale, the firm delivers technology-enabled and focused solutions that position clients for innovation, resilience, and growth. With high-quality standards and a relentless pursuit of client success, Guidehouse’s more than 17,000 employees collaborate with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future. guidehouse.com

Media Contact:
Guidehouse
Cecile Fradkin cfradkin@scprgroup.com  

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SOURCE Guidehouse

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Northern Virginia: The Hidden Giant of U.S. Tech? NVTC Study Reveals World Class Talent, Investments in AI, Cybersecurity, and Cloud

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Survey of 82 Northern Virginia Companies Underscores Region’s Tech Opportunity and How it Is Poised for Continued Growth

MCLEAN, Va, Nov. 18, 2024 /PRNewswire-PRWeb/ — The Northern Virginia Technology Council (NVTC) today announced the findings of a groundbreaking study of top technology executives in Northern Virginia. The findings highlight the region’s position as one of the nation’s leading technology hubs, while exploring the opportunities and challenges that will shape the region’s future growth and innovation.

The study is based on a survey of 82 top technology organizations in the Northern Virginia (NOVA) region, as well as in-depth interviews with 30+ senior executives, and evaluates the region across five key dimensions: Talent, Innovation, Ecosystem, Business Attractiveness, and Proximity to the U.S. Federal Government.

Northern Virginia is finally getting the recognition it deserves as a technology powerhouse,” said NVTC President and CEO, Jennifer Taylor. “We have the second highest tech employment of any U.S. metro area with 11.2% of the workforce, we are the largest data center market in the world with over two-times total inventory of the next largest market, and we have 2.5 times more computer science graduates than peer-tech hubs like New York, San Francisco, and Seattle. The growth opportunity in this region is clear.”

What the study found:

Talent Access, Skills Gaps: 73% of employers consider access to talent a key advantage, with 55% ranking it as the top factor defining a leading tech hub. Tech leaders noted challenging skills gaps in AI/ML (62%), Cybersecurity (43%), and Software Development (39%). The Northern Virgina region boasts the nation’s second highest net tech employment by metro area – only behind New York City — with 376K tech industry and tech occupation workers, providing a rich and diverse talent pool. In net tech employment, the region is slightly ahead of tech hubs including San Francisco, San Jose, Los Angeles, and Dallas.

Innovation Focus: GenAI, cybersecurity, and cloud computing are the top three emerging technologies that organizations are investing in for NOVA-specific operations over the next 2-3 years. 89% of NOVA tech leaders are investing in Generative AI, 83% in Cybersecurity and Digital Identity, and 61% in Cloud and Edge Computing. Early-stage tech like Space and Quantum are in the early stages of tech adoption.

Ecosystem: NOVA excels in developing growth-stage companies, ranking #1 in the number of firms that scaled up (>50 employees within 10 years) and #1 in the density of high-growth companies (>$2M revenue per 1K firms), compared to peers. Northern Virginia excels at scaling growth-stage companies, and recent surges in VC funding, start-ups, and five-year survival rates highlight its potential. However, one in three tech leaders still cite investment capital and entrepreneurial ecosystem as barriers. Leaders say more support is needed, including tech accelerators and incubators.

Business Attraction: Tech organizations are committed to Northern Virginia – 77% of surveyed organizations plan to stay in NOVA, with 29% considering expanding within the region in the next three years. NOVA boasts the nation’s largest data center market (~5x capacity of Silicon Valley). Still, executives say the high cost of living and transportation issues make it harder to attract and retain key talent.

Federal Government: Tech firms value Northern Virginia’s unique access to the federal government, prompting many major technology companies to have large offices in the region to be close to the federal government to bring IT solutions that address their mission challenges. In fact, companies in Northern Virginia received 31% of federal government’s IT contracting spend in 2023, totaling $24B. However, start-ups and niche firms face high barriers to entry due to contract procurement hurdles.

“This research confirms what many of us have long known – Northern Virginia is a powerhouse in the tech industry,” said Bruce Caswell, chair of the NVTC Board and CEO, Maximus. “Our unique combination of world-class talent, proximity to the federal government, and our focus on cutting-edge technologies like AI and cybersecurity positions us for continued growth and innovation. As we look to the future, NVTC is committed to addressing the challenges identified in this study and further strengthening our region’s tech ecosystem.”

The study, in line with NVTC’s mission, is intended to foster collaboration across the region to address challenges and drive future innovation. As Jennifer Taylor commented, “We see this as the start of an important conversation about the region and the path forward to address the challenges. We are enthusiastic about working with stakeholders across Northern Virginia – including both private sector leaders, university leaders and our public officials – to put these insights into strategic action.

Read the Study & Watch the Webinar

The full study, which provides a comprehensive analysis of Northern Virginia’s technology ecosystem, is available for download at: https://www.nvtc.org/communities/2024-northern-virginia-tech-innovation-study/

An NVTC webinar on Tuesday, November 19, 2024 will review the study findings with a panel of local technology leaders from Amazon Web Services, GDIT, Maximus and ScienceLogic. Register to join the live webinar at: https://www.nvtc.org/event/hidden-in-plain-sight-northern-virginias-rise-as-a-us-tech-giant/

Contact:
Tarin Horan
Northern Virginia Technology Council (NVTC)
thoran@nvtc.org
703.946.0319

About the Northern Virginia Technology Council:
NVTC is where the region’s tech community comes together. From bold startups to Fortune 100 giants, we represent over 470 members across sectors shaping the future of technology. NVTC drives innovation, fosters connections, and advocates for policies that fuel growth and position Northern Virginia as a global leader in technology. Through its initiatives in cybersecurity, AI, cloud computing, and beyond, NVTC empowers the tech community to shape the future. Whether it’s through policy advocacy, peer networks, or industry promotion, NVTC drives innovation that’s transforming the world. Learn more at http://www.nvtc.org

Media Contact

Tarin Horan, NVTC, 7039460319, thoran@nvtc.org, www.nvtc.org

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SOURCE NVTC; NVTC

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Record-Breaking Pledge to USD Will Transform University’s STEM Programs

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SAN DIEGO, Nov. 18, 2024 /PRNewswire/ — The University of San Diego (USD) received a record-breaking pledge from Darlene Marcos Shiley, philanthropist and Chair Emerita of USD’s Board of Trustees, totaling $75 million. It’s the largest gift in university history and among the largest ever given to any Catholic university in the country. The gift will touch several different areas of USD’s campus, with a primary emphasis on creating what will be known as the ‘Shiley STEM Initiative‘, expanding innovative STEM (science, technology, engineering and math) programs, and funding new, state-of-the-art STEM facilities on USD’s campus.

Darlene Shiley is one of the most generous and kind individuals that anyone could ever meet. She’s always looking out for humanity and the best interests of our society, and she loves our students,” said USD President James T. Harris III, DEd. “We are a better institution because of Darlene Shiley and her late husband, Donald, and what they’ve decided to do for this institution and for this world.”

The Shiley-Marcos School of Engineering and College of Arts and Sciences embody USD’s mission to shape well-rounded leaders with a liberal arts education. Both schools boast impressive alumni in STEM, including two NASA astronauts. This gift will build upon USD’s commitment to STEM, meet the needs of growing biotechnology and scientific sectors in San Diego, and help train future STEM leaders and researchers.

“STEM fields touch all different aspects of our lives, and I believe they can be a force for good in our society,” Shiley said. “I was drawn to USD because of its emphasis on a values-based education. This gift fulfills my husband’s and my goals and makes me feel like I’ve made an impact. Now I hope it helps future students take what they learn at USD and make a positive impact of their own.”

Shiley’s gift comes at a key time for USD, where the number of students majoring in STEM disciplines has grown by 50 percent in the past decade. This gift will help expand USD’s STEM offerings by establishing a new integrated STEM space that connects engineering and the natural sciences, as well as expanded opportunities for undergraduate students to participate in research.

The pledge will also be directed to scholarships and programs benefiting veterans and military-connected students, as well as additional funding for USD’s top-ranked MFA in acting, The Old Globe and USD Shiley Graduate Theatre Program.

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SOURCE University of San Diego

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