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Bioimpedance Analyzers Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Bioimpedance Analyzers Market
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According to The Business Research Company's, 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.
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Market Drivers and Trends:
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.
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.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Xiaomi Corporation, Omron Corporation, Beurer GmbH, InBody Co Ltd., Seca GmbH & Co., Withings, Lumsail Industrial Inc., Zurich Instruments Ltd. , RJL Systems Inc., ImpediMed Limited, Biodynamics Corporation, Charder Electronic Co Ltd., Akern Srl, Bioparhom, BioTekna Limited, Bodystat Ltd., EVOLT 360 Limited, Maltron International Ltd., Tanita Corporation, Tongfang Health Technology (Beijing) Co.Ltd
Bioimpedance Analyzers Market 2024 Key Insights:
• 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%.
• Rising Obesity Concerns Fuel Growth In The Bioimpedance Analyzers Market
• New Generation of Body Composition Scales Offers Superior Accuracy And Comprehensive Analysis
• North America was the largest region in the bioimpedance analyzer market in 2023
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