Bioimpedance Analyzers Market - Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2027)

The bioimpedance analyzers market is segmented by Type (Single-frequency, Dual-frequency, Multiple-frequency) Modality (Wireless, Wired) Application (Segmental Body Measurement, Whole Body Measurement) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

CAGR
Study Period: 2018-2026
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 10.2 %

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Market Overview

The bioimpedance analyzers market is expected to register a CAGR of 10.2% during the forecast period, 2021-2026.

The COVID-19 pandemic is expected to have a significant impact on market growth. In July 2020, medRxiv published a research paper suggesting obesity can be a viable risk factor for COVID-19. Therefore, the demand for bioimpedance analyzers is likely to be increased, as the risk of contraction COVID-19 remains high for obese patients. Additionally, due to lockdowns and work-at-home orders, people's lifestyles have become even more stationary than before. Also, due to lifestyle changes and increased home-delivered food, many people are consuming non-healthy food. Furthermore, many individuals are now turning toward home fitness workshops and exercise regimens with increased health consciousness. These developments are likely to affect the demand for bioimpedance analyzers.

Unhealthy lifestyles, such as consumption of junk food, deskbound work environments, and increased mobility automation have increased the prevalence of various diseases, such as high blood pressure, obesity, and diabetes.

According to the key facts published by World Health Organization (WHO) in June 2021, about 13% of the world’s adult population were obese in 2016. According to a report published by WHO, obesity is termed a global epidemic; wherein approximately 55% - 60% of adults are predictable to be obese by 2030. Besides developed countries, obesity is now prevalent in middle - and low-income countries. Moreover, according to the same source, the prevalence of childhood obesity under the age of five in Africa has increased by approximately 24% in 2019 since 2000. Bioimpedance analyzers offer an accurate measurement of fat, muscle, and bone in the human body. This will fuel the growth of the bioimpedance analyzers market.

According to the Organisation for Economic Co-operation and Development (OECD) Health Policy Studies, in 2019, more than half the population was overweight in 34 out of 36 OECD countries, and almost one in four people were estimated to be obese. Moreover, according to the OECD analysis, overweight and related diseases will reduce life expectancy by about three years across Organisation for Economic Co-operation and Development (OECD), European Union 28, and the Group of Twenty (G20) between 2020 to 2050. The study further proposed that a rise in the number of people with a high body-mass index (BMI) is likely to affect health budgets for many countries. This is mainly because of the high treatment costs of chronic diseases which arise due to being overweight.

Moreover, OECD countries were estimated to spend about 8% - 9% of their health budget to treat overweight-related diseases. Many governments are thus initiating awareness programs through which obesity can be challenged, which is likely to increase the demand for bioimpedance analyzers. Although the technology is improving, it is difficult to attain accurate body fat measurements from most commercially available bioimpedance analyzers as, a large amount of fat underneath the skin is not detected by these analyzers. Moreover, body impedance varies among different ethnic groups and effects the accuracy of bioimpedance analyzers.

Scope of the Report

Bio-impedance analyzers (BIA) refer to a non-invasive tool medical practitioners use to measure and correctly analyze body composition and body fat. It also enables the estimation of the hydration levels, percentage of muscle tissues, bone weight, metabolic rate, and fitness levels. The bioimpedance analyzers market is segmented by Type (Single-frequency, Dual-frequency, Multiple-frequency) Modality (Wireless, Wired) Application (Segmental Body Measurement, Whole Body Measurement) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

By Poduct Type
Single-frequency
Dual-frequency
Multiple-frequency
By Modality
Wireless
Wired
By Application
Segmental Body Measurement
Whole Body Measurement
Geography
North America
Europe
Asia-Pacific
Middle East and Africa
South America

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Key Market Trends

Multi-Frequency Bioimpedance Analysis Segment is Expected to Witness the Highest Growth During the Forecast Period.

Multi-frequency bioelectrical impedance analysis (MF-BIA) is a relatively simple, quick method to measure body composition. It also enables the estimation of the percentage of muscle tissues, hydration levels, bone weight, metabolic rate, and fitness levels. In addition, MF-BIA devices are relatively cheap, portable, and do not require specialist training for use.

The MF-BIA involves measuring impedance at multiple frequencies (three, five, or six different frequencies). As a result, the MF-BIA provides an exceptional level of accuracy compared to single frequency monitors. The test is done by placing two electrodes on a patient's right hand and foot. A low-level and impalpable electrical current is sent through the patient's body. The amount of water composition forces the flow of the current through a patient's body. The MF-BIA essentially measures how this signal is hindered through different types of tissue. Generally, the tissues that contain large amounts of fluid and electrolytes have high conductivity.

On the other hand, bone and fat slow the signal down. Since bioelectrical impedance analysis is used to determine the resistance to flow of the current as it passes through the body, it can provide estimates of body water from which body fat is then calculated using specific tools. Many companies like InBody Technology and Tanita manufacture MF-BIA devices.

For example, one of Tanita's products, MC-780U, can be used to measure a patient's bio-impedance. This can then measure muscle quality, muscle mass, visceral fat, and body fat percentage. Additionally, MF-BIA can be used in various settings. Hospitals are one of the most significant users of these devices. These meters can easily measure parameters such as fat mass, muscle mass, and body water. Devices like these are expected to see increased demand due to their convenience.

Prevalence of Obesity Among Adults Aged 20 and Over in the United States, 1988-1994 Through 2017-2018

North America Dominates the Market and is Expected to do the Same in the Forecast Period

The North American region is expected to account for the largest share of the bioimpedance analyzers market. The growth of bioimpedance analyzers in the region has been attributed to various factors, such as increased obesity rates and the number of fitness centers and health clubs.

The United States contributes a significant share in the North American bioimpedance analyzers market. In September 2020, the Centers for Disease Control and Prevention (CDC) stated that adult obesity is increasing, and ethnic and racial disparities persist due to the current circumstances of work from home, less physical activities, and financial and other stress among the adult population. According to the CDC finding in 2017-18, around 42.5% of the United States adults aged 20 and over have obesity. This high prevalence of obesity in the United States population is expected to create demand for bioimpedance analyzers, further fueling the need for the market.

As per the data published in the State of Obesity 2018 report, obesity costs in the United States were USD 149 billion in medical expenses annually. Moreover, the study found that about half of these expenses were paid for by publicly financed Medicaid and Medicare programs. Lesser physical activity and higher consumption of fast food have led to the increasing trends in obesity and are projected to fuel the demand for bioimpedance analyzers in the coming years.

Bioimpedance Analyzers Market - Growth Rate by Region

Competitive Landscape

The bioimpedance analyzers market is highly competitive and consists of a number of major players. Companies like Tanita Corporation, Akern, Biodynamics Corporation, Bioparhom, Biotekna, Bodystat Ltd., Charder Electronic Co., Ltd, EVOLT 360, Fook Tin Group Holding Ltd., InBody Co Ltd, Lumsail Industrial Inc., Maltron International, Omron Corporation, RJL Systems, SECA GMBH & CO. KG, SELVAS Healthcare, Inc., Sino-Hero, Withings among others, hold substantial market shares.

Recent Developments

  • In June 2021, seca, the global market leader in medical measuring systems and scales, announced a strategic marketplace partnership with PointClickCare Technologies, a leading cloud-based software vendor. Through the partnership, the companies will deliver a seamless integration that will improve provider and patient safety by tightly integrating to reduce the risk of data transfer, transcription and conversion errors, and costly time delays.
  • In January 2020, Inbody USA officially launched the InBody 970 at CES Las Vegas. The InBody 970, paired with the Yscope, uses new patented technology to analyze and categorize abdominal fat and total body water.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing prevalence of Metabolic Disorders

      2. 4.2.2 Initiatives by Governments to Promote Healthy Lifestyles

      3. 4.2.3 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Inconsistency and Inaccuracy in Different Analyzers

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Poduct Type

      1. 5.1.1 Single-frequency

      2. 5.1.2 Dual-frequency

      3. 5.1.3 Multiple-frequency

    2. 5.2 By Modality

      1. 5.2.1 Wireless

      2. 5.2.2 Wired

    3. 5.3 By Application

      1. 5.3.1 Segmental Body Measurement

      2. 5.3.2 Whole Body Measurement

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Middle East and Africa

      5. 5.4.5 South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Akern

      2. 6.1.2 Biodynamics Corporation

      3. 6.1.3 Bioparhom

      4. 6.1.4 Tanita Corporation

      5. 6.1.5 Biotekna

      6. 6.1.6 Omron Corporation

      7. 6.1.7 Bodystat Ltd.

      8. 6.1.8 Charder Electronic Co., Ltd

      9. 6.1.9 EVOLT 360

      10. 6.1.10 Fook Tin Group Holding Ltd.

      11. 6.1.11 InBody Co Ltd

      12. 6.1.12 Lumsail Industrial Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global Bioimpedance Analyzers Market market is studied from 2018 - 2026.

The Global Bioimpedance Analyzers Market is growing at a CAGR of 10.2% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Akern, Biodynamics Corporation, Bioparhom, Tanita Corporation, Biotekna are the major companies operating in Global Bioimpedance Analyzers Market.

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