Bioimpedance Analyzers Market Share & Growth | Forecast 2031

Report Description

The Global Bioimpedance Analyzers Market size was USD 472.76 Million in 2022 and is anticipated to reach USD 1133.12 Million by 2031, expanding at a CAGR of 10.2% during forecast period, 2023 to 2031. Rising awareness of healthy lifestyles, increasing prevalence of lifestyle diseases including obesity, and rising number of fitness clubs across the globe are primary factors driving the bioimpedance analyzers market.

Bioimpedance analyzers (BIA) are a type of screening device that can be used to accurately measure and assess body composition and fat. It is a non-invasive technology used by medical professionals to determine body fat percentage. It enables the calculation of muscle tissue percentages, hydration percentages, metabolic rate, bone weight, and fitness levels. A variety of ways for interpreting measured bioimpedance data, and a wide range of bioimpedance applications in body composition calculation.

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Bioimpedance analyzers work on the electrical conductivity principle. Bioimpedance analyzers are gaining popularity as a result of their ease of use and the wide variety of parameters it can monitor. Two electrodes are placed on a person's right hand and foot during the test. The body transmits a low-level, undetectable electrical current. The amount of water in a patient's body affects the flow of current through the body. The instrument monitors how the signal is impeded as it passes through different types of tissue. Blood, for example, has a high conductivity as it contains a big amount of fluid and electrolytes. The signal is slowed by fat and bone. Bioimpedance analyzers are used to assess the resistance to current flow as it goes through the body, they can provide estimations of body water, which can then be used to compute body fat using particular instruments.

The COVID-19 pandemic is expected to have a favorable impact on the market for bioimpedance analyzers. Furthermore, people's lives have become stressful as a result of lockdowns and stay-at-home orders. People have more free time than they had previously. Consumers are drinking carbo-hydrated drinks and consuming unhealthy fat due to changes in lifestyle and increased convenience of home-delivered food. Many people are resorting to home exercise regimens and fitness courses as their health awareness grows. These improvements are likely to have an impact on the demand for bioimpedance analyzers for health monitoring.

Market Trends, Drivers, Restraints, and Opportunities:

• Increase in digitization in the healthcare industry and rise in healthcare spending across the globe are expected to boost the market in the coming years.

• Growing prevalence of lifestyle diseases such as high blood pressure, obesity, and diabetes is anticipated to drive the market during the forecast period.

• Prevalence of obesity worldwide increased from 30.5% in 2000 to 42.4% in 2019, according to the Centers for Disease Control and Prevention (CDC). Obesity has been dubbed a global issue, with estimates predicting that 57.8% of all individuals would be obese by 2030. It is increasingly a problem in low- and middle-income countries. Bioimpedance analyzers are used to determine the amount of fat, muscle, and bone in a person's body; therefore, rising prevelance of obesity is expected to boost the bioimpedance analyzers market during the forecast period.

• Rising number of fitness clubs, sports rehabilitation center, and weight loss clinics is anticipated to drive the market in the coming years.

• Variability in the accuracy of many bioimpedance analyzers is expected to hinder the market during the forecast period. Despite technological improvements, getting appropriate body fat measurements from the most commercially available body fat analyzers is difficult. Analyzers function by transmitting an electrical current through the body that follows the route of least resistance. The fat-free mass has the lowest impedance to electrical current, as fat contains less water. These analyzers are unable to detect a significant quantity of fat beneath the skin. Furthermore, body immunity differs between ethnic groups, thus affecting the accuracy of body composition analyzers.

• The bioimpedance analyzers market is projected to grow rapidly in emerging economies such as India, China, and Brazil due to an increase in the prevalence of lifestyle diseases, rising awareness regarding health and obesity, and improvements in infrastructure in these nations. Recent infrastructure upgrades, strong economic expansion, surging demand, and public-private partnerships to fund healthcare research, are expected to fuel the market in China.

Scope of Bioimpedance Analyzers Market Report

The report on the global bioimpedance analyzers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Global Bioimpedance Analyzers MarketSegment Insights

Based on products, the market is divided into single-frequency analyzers, dual-frequency analyzers, multi-frequency analyzers, whole-body bioimpedance measurement, bioimpedance spectroscopy, body segment bioimpedance measurement, and alternative bioimpedance analysis method. The multi-frequency analyzers segment is expected to account for a key share of the market during the forecast period. End-users prefer multi-frequency bioimpedance analyzers over single-frequency bioimpedance analyzers, as they can be used for segmental and whole-body measurements, unlike single-frequency bioimpedance analyzers.

In terms of modality, the bioimpedance analyzers market is bifurcated into wireless bioimpedance analyzers and wired bioimpedance analyzers. The wireless bioimpedance analyzers segment is projected to account for a considerable share of the market. Advancements in wireless technologies and increase in the demand for wireless bioimpedance analyzers are expected to boost the segment.

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Based on applications, the market is segregated into segmental body measurement and whole-body measurement. The segmental body measurement segment is anticipated to account for a significant share of the market during the forecast period owing to the increasing prevalence of metabolic disorders and obesity.

In terms of end-users, the bioimpedance analyzers market is segregated into home users, fitness clubs and wellness centers, hospitals, and others. The fitness clubs and wellness centers segment is projected to account for a considerable share of the market during the forecast period. Rising awareness about health and fitness around the world, and rising number of fitness clubs and wellness facilities are driving the segment.

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On the basis of regions, the global bioimpedance analyzers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2020, North America held the key share of the global bioimpedance analyzers market owing to increasing obesity rate, government attempts to encourage healthy lifestyles, rising use of body composition analyzers to test athlete fitness, and increasing number of health clubs and fitness centers.

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