Rising Prevalence of Obesity and Disability Conditions Globally Projected to Drive the Sales of Digital Scale through 2034 | Future Market Insights, Inc.
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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
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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
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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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