The global bioimpedance analyzer market size was USD 439 million in 2021 and it is anticipated to reach USD 1.375 billion in 2031, growing at a rate of 12.1% from 2022 to 2031.
Bioimpedance measuring devices are used to measure the level of fluids in living tissue. These devices use electrical conductivity and reactance, which is a property of an object that opposes any change in the electric current flowing through it. This type of device can provide vital information regarding fluid buildup or dehydration for athletes and those with chronic health conditions like heart diseases.
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Market Trends and Drivers
Unhealthy lifestyles, such as sedentary work environments, consumption of junk food, and increased mobility automation have increased the prevalence of certain lifestyle diseases, like obesity, high blood pressure, and diabetes. According to WHO, in 2019, an estimated 38.2 million children under the age of 5 were overweight or obese. Once considered a high-income country problem, overweight and obesity are now on the rise in low- and middle-income countries, particularly in urban settings. In Africa, the number of overweight children under 5 who were overweight or obese in 2019 lived in Asia. Owing to that, the increasing prevalence of lifestyle diseases is boosting the growth of the global bioimpedance analyzers market.
Likewise, emerging economies such as India, China, and Brazil are likely to see high growth in the bioimpedance analyzers market. This can be attributed to the increasing prevalence of lifestyle diseases, growing awareness about health and obesity, and infrastructural improvements in these countries. China is a prominent market in this regard, given its recent infrastructural improvements, rapid economic growth, rising domestic demand, and public-private initiatives to support healthcare research. China’s State Council approved the 2016-2020 National Fitness Plan, which has motivated all national fitness levels and increased sports participation. Due to these factors, the global bioimpedance market is witnessing significant growth opportunities.
Major Players of the Global Bioimpedance Analyzers Market
The global bioimpedance analyzers market report includes players such as Omron Corporation, Tanita Corporation, InBody, RJL Systems, seca GmbH & Co. KG, EVOLT 360, SELVAS Healthcare, Charder Electronic Co. Ltd., Fook Tin Group Holding Ltd., Bodystat Ltd., Maltron International, Biotekna, Withings, Biodynamics Corporation, Akern, Xiaomi, Sino-Hero (Shenzhen) Bio-Medical Electronics Co., Ltd., Lumsail Industrial Inc., Guangzhou Beautylife Electronic Technology Co., Ltd., Bioparhom.
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COVID-19 Analysis
According to the International Monetary Fund (IMF), due to the epidemic of a novel coronavirus, the worldwide economy decreased by over 3.0% in 2020. Several nations were under strict lockdowns in 2020 & 2021, which have impacted the supply of raw materials. Therefore, due to this, the manufacturing activities of bioimpedance analyzer producers have ceased. While some bioimpedance analyzers are considered urgent, others have been postponed and delayed since the beginning of the global pandemic. The other aspect negatively affecting the market is the drop in the diagnosis of obesity owing to healthcare resources being reserved for COVID-19 patients.
Besides, several medical device companies have suffered losses in their medical device businesses owing to the pandemic. To cite an instance, Medtronic plc announced a reduction of nearly one-third in its cardiac and vascular business sector in its 2020 quarterly financial results. Moreover, demand for bioimpedance analyzers from wellness centers has been dropped amid their stopped operations, due to government-imposed lockdown measures. This is anticipated to hamper the bioimpedance market growth during the forecast period.
Market Segments
By Product
- Multi-frequency Analyzers
- Single-frequency Analyzers
- Dual-frequency Analyzers
By Modality
- Wired Bioimpedance Analyzers
- Wireless Bioimpedance Analyzers
By Application
- Whole Body Measurement
- Segmental Body Measurement
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By End-User
- Fitness Clubs and Wellness Centers
- Home Users
- Hospitals
- Other
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