Industry Background:
Electronic Health Scales are appliances or machines which help counter the weight of any individual who stands on the machine. Earlier the weighing scales were heavy, making it non-viable to be kept at homes, and were mechanical which fell prey to errors in counting accurate weight. With the increased automation and innovation in technology, health scales too were made electronic which are mobile to carry, easy to operate and battery or electricity operated.This growth is primarily driven by Increased Health and Weight Consciousness among People
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Electronics sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Marsden Weighing Group (United Kingdom), Avery Weigh-Tronix (United Kingdom), Tanita Corporation (Japan), Fairbanks Scales (United States), A&D Company, Ltd. (Japan), Kern & Sohn GmbH (Germany), Rice Lake Weighing Systems (United States), Cardinal Scale Manufacturing Company (United States), Omron Corporation (Japan) and Doran Scales Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Alcuin Capital Partners, a private equity firm acquired a British market leader in health and industrial scales, Marsden Weighing Group. It was a Management Buyout deal, led by managing director Richard Black.
In January 2023,Rimini Street, Inc. a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Tanita Corporation, a global leader in precision scales and health monitoring devices, has switched to Rimini Street for support of its SAP applications.The market is very fragmented with many small players adding to the competition of big names in the industry. The electronic health scale market is expected to witness growth over the coming years, due to increased health infrastructure investments by governments around the world, as well as increased obesity-related chronic diseases. North America followed by Europe has one of the highest obesity rates in the world, and thus these markets are expected to drive the most growth.
Influencing Trend:
Increased Demand and Curiosity for Smart Electronic Health Scale Enabled with Interconnectivity with Other Devices like Smartphones
Market Growth Drivers:
Increased Health and Weight Consciousness among People and Increased Per Capita Income among Middle Income Households in Order to Afford Health Scales at Home
Challenges:
High Cost Associated with Electronic Health Scale
Restraints:
Competition from Mechanical and Spring Based Weighing Scale
Opportunities:
North America and Europe will see a Growth over the Coming Years Because of One of the Highest Obesity Rates in Entire World
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Electronic Health Scale Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Electronic Health Scale Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Electronic Health Scale players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electronic Health Scale Study Sheds Light on
The Electronic Health Scale Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electronic Health Scale industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electronic Health Scale industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.