Bioimpedance Analyzers Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

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The Bioimpedance Analyzers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Bioimpedance Analyzers Global Market Report 2024, The bioimpedance analyzers market size has grown rapidly in recent years. It will grow from $0.52 billion in 2023 to $0.59 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to the growing obesity epidemic, changing lifestyles and an increase in home delivery, rising prevalence of blood disorders such as anemia, and leukemia, prevalence of chronic diseases, and growing geriatric population.

The bioimpedance analyzers market size is expected to see rapid growth in the next few years. It will grow to $1.00 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to growth in healthcare infrastructure, increasing funding and initiatives, increasing health awareness, growing spending on healthcare services, and rising consumption of junk foods. Major trends in the forecast period include technological advancements, personalized healthcare solutions, adoption of telehealth services, non-invasive technologies, and integration with wearable technology.

The increasing concerns about obesity are expected to propel the growth of the bioimpedance analyzers market going forward. Obesity is a long-term health condition characterized by an excessive accumulation of body fat that can negatively impact health. The rising concerns about obesity are due to the widespread availability of high-calorie, high-fat, and high-sugar foods, sedentary lifestyles, and reduced physical activity in daily life. Bioimpedance analyzers manage obesity by providing detailed and actionable information on body composition, facilitating personalized treatment plans, monitoring health risks, motivating patients, assessing fluid balance, improving clinical outcomes, and enhancing research efforts. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government cardiovascular community, globally, around 2.3 billion adults and children are obese or overweight, and with the current obesity trend, it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, increasing concerns about obesity drive the bioimpedance analyzers market.

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The bioimpedance analyzers market covered in this report is segmented –

1) By Type: Multi Frequency, Single Frequency, Dual Frequency
2) By Modality: Wired Bioimpedance, Wireless Bioimpedance
3) By Application: Whole Body Measurement, Segmental Body Measurement
4) By End User: Hospitals, Fitness Clubs And Wellness Centers, Home Users, Other End-Users

Major companies operating in the bioimpedance analyzer market are focused on developing innovative products, such as the body composition scale, to provide more accurate and comprehensive health assessments and enhance user convenience. A body composition scale is a device designed to estimate various components of body composition using bioimpedance analysis (BIA). These scales are popular personal health and fitness monitoring tools, providing insights beyond simple body weight. For instance, in September 2022, Xiaomi, a China-based electronics company, launched its eight-electrode body composition scale. This innovative scale utilizes dual-frequency bioimpedance measurement technology, allowing it to provide up to 35 body composition analysis reports more accurately than traditional single-frequency scales. The scale employs multi-frequency biological alternating current, which enables it to accurately measure body fat, water, muscle, and other body indices.

The bioimpedance analyzers market report table of contents includes:

1. Executive Summary
2. Bioimpedance Analyzers Market Characteristics
3. Bioimpedance Analyzers Market Trends And Strategies
4. Bioimpedance Analyzers Market – Macro Economic Scenario
5. Global Bioimpedance Analyzers Market Size and Growth
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32. Global Bioimpedance Analyzers Market Competitive Benchmarking
33. Global Bioimpedance Analyzers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bioimpedance Analyzers Market
35. Bioimpedance Analyzers Market Future Outlook and Potential Analysis
36. Appendix