Date: Mar 2023
Date: Mar 2023
The Market Statsville Group (MSG) publishes the new report on the "Bioimpedance Sensor Market Market by Type (Contact Type, Non-contact Type), by Application (Personal Fitness Tracking, Medical Use, Others), By Region – Global Share and Forecast to 2033
According to the Market Statsville Group (MSG), the global bioimpedance sensor market size is expected to grow from USD 10,173.2 million in 2022 to USD 12,521.6 million by 2033, at a CAGR of 7.2% from 2023 to 2033.
The bioimpedance sensor market consists of sales of bioimpedance sensor services by entities (organizations, sole traders, and partnerships). The rising frequency of metabolic illnesses, expanding government programmers to encourage healthy lifestyles, and developing technical developments are all driving market expansion. Diabetes, Gaucher's disease, glucose-galactose malabsorption, hereditary hemochromatosis, maple syrup urine disease (MSUD), phenylketonuria (PKU), and other metabolic diseases are projected to be important factors driving demand for bioimpedance sensors, hence enhancing market growth. On the other hand, less availability of miniaturized instrumentation, novel models, and algorithms has hindered the market growth over the forecasting period.
In additional, advances in electronics and instrumentation technology and novel textile materials and textile-electronic integration techniques have encouraged the development and implementation of sensorized garments for wearable biomedical monitoring systems. This has created a lot of opportunities in the market over the forecasting period.
The overall bioimpedance sensor market has been segmented into type, application, and region.
Non-Contact segment is expected to grow at the highest CAGR during the forthcoming period. The direct physical contact (between sensor electrode and tissue) method represents an accurate result output which has significantly drive the market growth in almost every healthcare field. The advantage of this method over traditional contact bioimpedance measurement methods is that there is no need for direct contact between the resonator and the body. The sensor's wide operating range, capacity to adapt to a wide range of measured materials, fast response, low power consumption, and tiny outline dimensions allow it to be used not only in the medical field, but also in other fields.
Over the forecast period, the Asia Pacific market is expected to grow rapidly. The rising prevalence of metabolic illnesses is likely to enhance demand for bioimpedance analyzers due to the effective management of the disorders, fuelling market expansion in this area. Furthermore, increased government measures to encourage a healthy lifestyle and achieve a healthy weight with better well-being are likely to drive market expansion during the forecast period.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the bioimpedance sensor market. It also consists of the profiles of leading companies such as Omron Corporate, Maxim Integrated, Texas Instruments Incorporated, Analog Devices, Inc, Baxter International Inc, Company 6, Company 7, Company 8, Company 9, Company 10, Company 11, Company 12, Company 13, Company 14, and Company 15. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
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