Market Definition:
The global bioimpedance analyzer market size was USD 0.6 billion in 2023 and it is anticipated to reach USD 1.3 billion in 2033, growing at a rate of 7.8% from 2024 to 2033.
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 disease.
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Market Outlook:
Bioimpedance analyzer demand is expected to be driven primarily by the rising incidence and prevalence of metabolic disorders, including but not limited to diabetes, phenylketonuria (PKU), maple syrup urine disease (MSUD), hereditary hemochromatosis, glucose-galactose malabsorption, and Gaucher’s disease. For example, 537 million individuals worldwide, aged 20 to 79, had diabetes in 2021, according to data released by the International Diabetes Federation (IDF) in 2021. The same source also stated that it is anticipated that 783 million people worldwide will have diabetes. Furthermore, the November 2021 update to the Gaucher’s Institute article said that the global prevalence of 0.70 to 1.75 cases per 100,000 people annually is reported for both males and females with the disease.
Over the course of the forecast period, growing government programs to support healthy living, reach a healthy weight, and enhance overall wellbeing are also anticipated to fuel market expansion. For example, the National Health Service (NHS) Digital Weight Management Programme was introduced by the UK government in July 2021 and was made possible by government financing totaling EUR 12 million (USD 12.75 million). Through referrals from general practitioners (GPs) and primary care teams, this program offers free online support to those with obesity who are also diagnosed with diabetes, high blood pressure, or both conditions.
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. 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.
One of the primary challenges in the growth of the global bioimpedance analyzers market is inconsistency in the accuracy of different bioimpedance analyzers. Although the technology is improving, it is difficult to obtain accurate body fat measurements from most commercially available body fat analyzers. The working of analyzers comprises passing an electric current. However, a large amount of fat underneath the skin is not detected by these analyzers. Adding to that, body impedance varies among different ethnic groups and influences the accuracy of body composition analyzers.
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Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmentation
The report analyses the bioimpedance analyzers market based on product, modality, application, end-user, and region.
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., and Bioparhom among others.
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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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