What Are The 5 Takeaways From The Bioimpedance Analyzers Market Overview 2024
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The bioimpedance analyzers market has shown rapid growth recently, expanding from $0.52 billion in 2023 to $0.59 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. This growth is attributed to factors such as the increasing obesity epidemic, changing lifestyles, rise in home delivery, prevalence of blood disorders like anemia and leukemia, chronic diseases, and a growing geriatric population. Looking forward, the market is expected to reach $1.00 billion by 2028, growing at a CAGR of 14.2%. This projected growth is driven by an increase in healthcare infrastructure, rising funding and initiatives, heightened health awareness, growing spending on healthcare services, and rising consumption of junk foods. Key trends for 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, characterized by excessive body fat accumulation impacting health, is rising due to the availability of high-calorie, high-fat, and high-sugar foods, sedentary lifestyles, and reduced physical activity. Bioimpedance analyzers provide detailed information on body composition, facilitating personalized treatment plans, monitoring health risks, and improving clinical outcomes. For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-governmental cardiovascular community, about 2.3 billion adults and children are obese or overweight globally, with the number expected to reach 2.7 billion by 2025. Therefore, increasing concerns about obesity drive the bioimpedance analyzers market.
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What Are The Key Trends That Influence Bioimpedance Analyzers Market Share Analysis?
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.
How Is The Global Bioimpedance Analyzers Market 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
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The Bioimpedance Analyzers Global Market Report 2024 provides an overview of the bioimpedance analyzers market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bioimpedance analyzers market forecast analyzes bioimpedance analyzers market size, bioimpedance analyzers market share, leading competitor and their market positions.
The Table Of Content For The Bioimpedance Analyzers Market Include:
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