Growing Number of Fitness Clubs is Expected to Provide Significant Opportunity to Bioimpedance Analyzer Market Players

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, changing perception of the people about the traditional methods of the 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. Thus, the Global Bioimpedance Analyzer Market to grow at an exponential CAGR of ~9% during the forecast period.

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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 effect of COVID-19 also positively affected the market size of the bioimpedance analyzer due to the restrictions such as lockdown people stayed home for a long time and started focusing on physical fitness resulting, in an increasing demand for fitness devices.

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.

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.

Based on end-user, the 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.

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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.

Some of the major players operating in 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., and Bodystat Ltd.d
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Bioimpedance Analyzer Market Segmentation

Market Insight, by Application

• Whole-body Measurement
• Segmental Body Measurement

Market Insight, by Product Type

• Multi-frequency Analyzer
• Single-frequency Analyzer
• Dual-frequency Analyzer

Market Insight, by End-user

• Fitness Clubs and Wellness Centre
• Home Users
• Hospitals
• Others

Market Insight, by Region

• North America Bioimpedance Analyzer Market
  • United States
  • Canada
  • Rest of North America
• Europe Bioimpedance Analyzer Market
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia-Pacific Bioimpedance Analyzer Market
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of World Bioimpedance Analyzer Market

Top Company Profiles

• 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.