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LONDON, GREATER LONDON , UNITED KINGDOM, September 18, 2024 /EINPresswire.com/ -- The bioimpedance analyzers market has experienced robust growth in recent years, expanding 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.
What Is The Estimated Market Size Of The Global Bioimpedance Analyzers Market And Its Annual Growth Rate?
The bioimpedance analyzers market is projected to continue its strong growth, reaching $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.
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Growth Driver of The Bioimpedance Analyzers Market
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.
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Which Market Players Are Driving The Bioimpedance Analyzers Market Growth?
Key players in the bioimpedance analyzers market include 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.
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.
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
Geographical Insights: North America Leading The Bioimpedance Analyzers Market
North America was the largest region in the bioimpedance analyzer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bioimpedance analyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Bioimpedance Analyzers Market Definition
Bioimpedance analyzers are devices that measure the electrical impedance of biological tissues and are primarily used for assessing body composition. They work by passing a small, safe electrical current through the body and measuring the opposition to the flow of this current, which varies based on the different tissues encountered.
Bioimpedance Analyzers Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global bioimpedance analyzers market report covering trends, opportunities, strategies, and more
The Bioimpedance Analyzers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on bioimpedance analyzers market size, bioimpedance analyzers market drivers and trends, bioimpedance analyzers market major players, bioimpedance analyzers competitors' revenues, bioimpedance analyzers market positioning, and bioimpedance analyzers market growth across geographies. The bioimpedance analyzers market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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