The Global Bioimpedance Analyzer Market is expected to grow at a CAGR of ~9% during the forecast period (2021–2027F).
A comprehensive overview of the bioimpedance analyzer market is recently added by UnivDatos Market Insights to its humongous database. The Bioimpedance Analyzer market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Bioimpedance Analyzer market. The Bioimpedance Analyzer market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Bioimpedance Analyzer market at the global and regional levels. The Global Bioimpedance Analyzer Market is expected to grow at a CAGR of ~9% during the forecast period (2021–2027F).
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Market Overview
Bioimpedance analysis is a non-invasive, mainly used approach for body composition measurements and assessment of clinical conditions. It is a technique where the resistance offered by the body against the flow of current is. Furthermore, the analysis is predominantly used to measure the amount of body fat. Increasing health consciousness in modern society and changing perception of the people about the traditional methods of fat measurement such as weight measurement that were not much accurate, act as the driving factors for the market growth of the bioimpedance analyzers. Additionally, the governments are also realizing the importance of a healthy lifestyle for better health and influencing the citizens to take care of their health, also being the contributing factor to increasing the market size of the equipment. Soaring lifestyle diseases such as obesity, and diabetes coupled with technological advancements become the major driving factors for the market growth of the bioimpedance analyzer.
COVID-19 Impact
The ongoing COVID-19 pandemic across the world has had a tremendous impact on different spectra of society, the market for Bioimpedance analyzer no less. The market for bioimpedance analyzers faced an impact due to movement restrictions, which have forced people to stay home, and, thus, there has been a huge decline in the hospital and clinic visits and fitness clubs. This has affected the trade of bioimpedance analyzers due to the reduced demand and widespread financial distress. However, the market witnessed a positive growth trend in the latter half of 2020 due to the increased awareness of physical fitness coupled with lifting movement restrictions.
Bioimpedance Analyzer market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Application, the market is primarily categorized into
· Whole-body Measurement
· Segmental Body Measurement
Based on application, the market is bifurcated into whole-body measurement and segmental body measurement. In 2020, segmental body measurement is expected to have a significant share in the market during the forecast period attributed to the growing number of obesity cases and related diseases. Moreover, it analyses each segment of the body and provides more accurate data.
By Type, the market is primarily classified into
· Multi-frequency Analyzer
· Single-frequency Analyzer
· Dual-frequency Analyzer
On the basis of product type, the bioimpedance analyzer market is segmented into multi-frequency bioimpedance analyzers, single-frequency bioimpedance analyzers, and dual-frequency bioimpedance analyzers. Amongst them, the market for the multi-frequency analyzer is expected to widen, the multiple frequencies enable the device to determine the constitution of different elements.
By End-user, the market is primarily bifurcated into
· Fitness Clubs and Wellness Centre
· Home Users
· Hospitals
· Others
Based on end-user, the bioimpedance analyzers market is segmented into hospitals, fitness clubs & wellness centers, home users, and others. Among them, fitness clubs and wellness centers account for the major market share. Furthermore, a continuous increase in the number of fitness clubs and wellness centers coupled with the rapid urbanization and celebrity endorsements encourages people to focus more on personal health resulting in creating better opportunities for the fitness clubs and centers in the market in the forecast period.
Bioimpedance Analyzer Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
For a better understanding of the market adoption of Bioimpedance Analyzer End- User, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. During the forecast period, APAC is expected to have a higher CAGR due to modernization and changing lifestyles causing different diseases, which have fueled manufacturing output levels, and positively influencing the global bioimpedance analyzer market. Developing countries such as China and India undergoing rapid industrialization and urbanization and are dealing with surging lifestyle disorders. Moreover, the APAC region also consists of the major companies of bioimpedance analyzers coupled with the growing population of the region making it the ideal location for market growth.
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The major players targeting the market include
· OMRON Corporation
· Tanita Corporation
· InBody Pvt. Ltd
· RJL Systems Inc.
· seca GmbH & Co. KG.
· EVOLT 360
· SELVAS Healthcare Inc
· Charder Electronic Co Ltd.
· Fook Tin Group Holding Ltd.
· Bodystat Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Bioimpedance Analyzer market. The leading players have been analysed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the bioimpedance analyzer market?
· Which factors are influencing the bioimpedance analyzer market over the forecast period?
· What are the global challenges, threats, and risks in the bioimpedance analyzer market?
· Which factors are propelling and restraining the bioimpedance analyzer market?
· What are the demanding global regions of the bioimpedance analyzer market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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