Industry Outlook
Dehydration is commonly associated with humans involved in physical activities and exertion, while it is also a common state in sedentary environments such as workplaces, classrooms etc. This makes dehydration a critical issue as it has several implications on the general health and productivity. Dehydration of as little as 2% of the total body weight leads to decrease in performance, mild dehydration can impair cognitive functions such as short term memory, motor skills and concentration. Lack of water can interfere with the renal, cardiac and gastrointestinal functions. While it is essentially difficult to exactly determine the levels of dehydration initiatives are being taken worldwide to deliver precise solutions. More and more wearable devices are being developed and designed for dehydration monitoring which not just determine hydration levels but also alert the users for replenishing their water intake.
"Swift Uptake of Wearable Systems Expected within the Forecast Period"
A prime factor driving the growth of the global dehydration monitoring systems market is the rapid shift of individuals towards fitness and wellbeing. Growing availability of cost effective health tracking solutions and wearable, continuous technological development delivering improved versions of dehydration monitoring. Increasing demand for wearable dehydration monitoring systems is because of non-invasive and rapid analysis tools. Other factors that are supporting the growth of wearable devices segment are growing geriatric population, increased sports and athletic activities, and growing reference to dehydration parameters as tool for disease diagnosis. However, the factor constraining the market growth is less market penetration of these devices and due to lack of awareness.
"Demand for Athletic Performance Optimization Set to Rise"
While dehydration conventionally linked with human exertion, it is also commonly evident in certain diseases and sedentary environments. Therefore dehydration is an important issue regarding health and life expectancy. Dehydration also has long term effects on kidney, heart function, and gastrointestinal tract and so on. Dehydration when combines with these diseases can result in major health degeneration and loss of productivity and wellbeing. This has therefore led to high demand for dehydration monitors in hospital settings for disease diagnosis. On the other hand, the demand for dehydration monitoring systems, particularly the wearable variants is expected to be the highest during the forecast. Exponential growth in demand from athletic and sports enthusiasts and sports professionals is a key factor supporting the rapid growth of this segment.
"North America and Europe Dominate the Global Market"
Geographically, North America and Europe are collectively the largest markets for dehydration monitoring systems. Favorable adoption environment, high awareness in athletic and sports application and technical advancement in non-invasive and wearable technologies are assisting the dominance of these regions. On the other hand, increasing awareness and growing application of dehydration sensor systems in disease diagnosis are assisting the rapid growth of Asia Pacific market. Certain regions in Asia Pacific are fighting battle against drug abuse, appropriate application and penetration of dehydration monitoring systems in rehabilitation will favor better outcomes.
The major companies profiled in this report include Nix, Inc., BSX Technologies, Kenzen, Inc., Bitome, Inc., EchoLabs, Indiegogo, Inc., sZone, Epicore Biosystems, Inc., and Sixty.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Dehydration Monitoring Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Product
| |
Application
| |
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report