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23-Aug-2023

Circuitry of Progress: A Close Look at the Soaring Bioimpedance Devices Market Projected to Reach US$ 715.1 Million by 2028 | FMI

The Bioimpedance Devices Market is a rapidly growing sector within the medical technology field that focuses on the measurement and analysis of the body’s electrical impedance for various healthcare applications. Bioimpedance, which refers to the resistance encountered by electrical currents as they pass through biological tissues, has gained significant attention due to its non-invasive nature and its potential to provide valuable insights into a person’s physiological composition. These devices are utilized across a range of medical disciplines, including cardiology, fitness monitoring, body composition analysis, and fluid management.

The market for bioimpedance devices has witnessed substantial growth due to the increasing prevalence of chronic diseases, the emphasis on preventive healthcare, and the demand for personalized treatment approaches. These devices offer clinicians and researchers a unique way to assess factors like body fat percentage, hydration levels, cell integrity, and tissue health. In cardiology, bioimpedance devices are used for monitoring hemodynamic parameters, such as cardiac output and stroke volume, aiding in the diagnosis and management of cardiovascular conditions.

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In 2022, sales of bioimpedance devices are expected to reach US$ 492.1 million. The market is anticipated to grow at a robust 6.4% CAGR and reach US$ 715.1 Million by 2028.

Technological advancements have driven the miniaturization and portability of bioimpedance devices, making them more accessible for both healthcare professionals and individual users. Moreover, the integration of wireless connectivity and data analytics capabilities has allowed for real-time monitoring and comprehensive data interpretation. This not only enhances patient care but also contributes to the growth of telemedicine and remote health monitoring.

Key Takeaways Bioimpedance Devices Market:

  • Definition of Bioimpedance Devices: Bioimpedance devices are medical instruments that measure the impedance (resistance and reactance) of biological tissues to assess various physiological parameters. These devices use electrical currents at different frequencies to gather information about body composition, fluid levels, and other health-related metrics.
  • Applications:
    • Body Composition Analysis: Bioimpedance devices can estimate body fat percentage, lean body mass, and hydration levels, which are crucial for assessing overall health and fitness.
    • Edema Monitoring: These devices are used to monitor changes in extracellular fluid levels, aiding in the management of conditions like congestive heart failure and kidney diseases.
    • Nutritional Assessment: Bioimpedance measurements can provide insights into nutritional status, helping clinicians design appropriate dietary plans.
    • Athletic Performance: Athletes use bioimpedance devices to track changes in muscle mass and fluid balance, optimizing training and recovery strategies.
  • Types of Bioimpedance Devices:
    • Single-Frequency Devices: These devices operate at a fixed frequency and are simpler, often used for basic body composition measurements.
    • Multi-Frequency Devices: These devices use multiple frequencies to provide more accurate and detailed measurements of various body compartments.
    • Segmental Devices: Some bioimpedance devices can measure impedance in specific body segments, offering insights into regional variations in body composition.
  • Market Growth Drivers:
    • Rising Health Awareness: Growing awareness about the importance of maintaining a healthy lifestyle has driven the demand for tools that provide accurate health assessments.
    • Aging Population: The aging global population has increased the need for medical devices that can monitor conditions related to age, such as fluid retention and muscle loss.
    • Sports and Fitness Industry: The fitness and sports sectors use bioimpedance devices to track progress and tailor training regimens.

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Top Companies Profiled:

  • General Electric Company
  • Omron Corporation
  • Fresenius Medical Care
  • ImpediMed Limited
  • SELVAS AI Inc.
  • Tanita Corporation
  • RJL Systems, Inc.
  • Maltron International Ltd.
  • Bodystat Limited
  • SMT Medical GmbH

Bioimpedance Devices Market Segmentation:

Product Type:

  • Single-frequency Bioimpedance Devices
  • Multiple-frequency Bioimpedance Devices

Modality:

  • Wired Bioimpedance Devices
  • Wireless Bioimpedance Devices

End Users:

  • Hospitals
  • Specialty Clinics
  • Rehabilitation Centers
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • Asia Pacific excluding Japan
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Last Updated: 23-Aug-2023