Smart Scales - United States

United States

Highlights

The Smart Scales market in the United States is expected to generate a projected revenue of US$605.80m in 2024.
This figure is projected to grow annually at a rate of 4.57% (CAGR 2024-2029), resulting in a market volume of US$757.20m by 2029.
The user penetration rate is anticipated to be 1.95% in 2024 and is expected to reach 2.07% by 2029.
The average revenue per user (ARPU) is estimated to be US$90.71.
In comparison to other countries, China is projected to generate the highest revenue in the Smart Scales market, with US$1.45bn in 2024.
The United States is experiencing a growing demand for Smart Scales in the Digital Health market due to increasing awareness of personal health and wellness.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Smart Scales market in United States is experiencing significant growth and development driven by increasing consumer interest in digital fitness and well-being solutions.

Customer preferences: Consumers in the United States are increasingly prioritizing their health and wellness, leading to a growing demand for smart scales that offer more than just weight measurement. They are looking for devices that can provide comprehensive data on various health metrics such as body fat percentage, muscle mass, and water weight. The convenience of being able to track and monitor these metrics digitally through smartphone apps is also a key preference for customers.

Trends in the market: One of the prominent trends in the Smart Scales market in the United States is the integration of online doctor consultation services. Smart scales that offer the ability to connect with healthcare professionals for personalized advice and consultations are gaining popularity among consumers. This trend aligns with the growing interest in telemedicine and remote healthcare services in the country. Additionally, there is a rising trend towards the incorporation of digital treatment and care features in smart scales, such as personalized workout plans and nutritional guidance based on the collected data.

Local special circumstances: The United States has a well-established fitness and wellness industry with a high level of awareness among consumers regarding the importance of maintaining a healthy lifestyle. This awareness, coupled with the tech-savvy nature of the population, creates a conducive environment for the adoption of smart scales and other digital health solutions. Moreover, the competitive landscape in the country is driving manufacturers to innovate and offer advanced features in smart scales to cater to the discerning preferences of American consumers.

Underlying macroeconomic factors: The robust economy of the United States plays a significant role in the growth of the Smart Scales market. With a high disposable income levels and willingness to invest in health and wellness products, consumers in the country are more inclined to purchase premium smart scales with advanced features. Additionally, the presence of major technology companies and startups focusing on health tech in the U. S. contributes to the innovation and development of smart scales with cutting-edge technology and capabilities.

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.