Number of pages: 100 | Report Format: PDF | Published date: December 16, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 455 million |
Revenue forecast in 2030 |
US$ 948.15 million |
Growth Rate |
CAGR of 8.5% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
product, application, and region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global dehydration monitoring systems market was pegged at US$ 455 million in 2021. The market is expected to register a revenue CAGR of 8.5% to reach US$ 948.15 million by 2030.
Market Fundamentals
Dehydration occurs when the body uses or loses more fluid than it takes in, resulting in insufficient water and other fluids to perform normal functions. This makes dehydration a critical issue as it has several implications on general health and productivity. Dehydration monitoring systems in clinical applications comprise wireless chemical, optical, and biomedical sensors. Their clinical uses include accurate dehydration measurements, disease detection, and investigation of anatomical processes like renal, cardiovascular, and gastrointestinal functioning. Most of these systems are standalone for assessing dehydration in elderly and young patients.
[88808095435]
Market Dynamics
The rise in the adoption of advanced technologies to provide new dehydration monitoring applications and diverse analytical methodologies, such as using sensor systems, is one of the major factors driving the revenue growth of the global dehydration monitoring systems market. Moreover, the significant shift in public perceptions toward health & fitness with increased demand for non-invasive monitoring systems is playing a pivotal role in the market's revenue growth. The increased demand for dehydration monitoring systems is rising due to increased sports and athletic activities, an aging population, and the rising adoption of these devices as the primary disease detection tool. Furthermore, the launch of novel products and increasing technological advancements in monitoring devices, such as automated hydration testing systems in watches, sweat sensors, and body weight analysis, are also expected to boost the market revenue growth during the forecast period. However, the lack of awareness in the general population, the high cost involved in the chip-based system, and the complexity of the R&D are expected to restrain the market revenue growth to some extent.
Market Ecosystem
The global dehydration monitoring systems market has been analyzed from three perspectives: product, application, and region.
Dehydration Monitoring Systems Market by Product
Based on the product, the global dehydration monitoring systems market is segmented into mobile and wearable devices. The wearable devices segment is further sub-segmented into wristbands, adhesive patches, and headbands.
The mobile devices segment accounts for the largest revenue share of the global dehydration monitoring systems market.
The wearable devices segment is expected to register the fastest revenue growth during the forecast period. The fast revenue growth of this segment is attributed to increasing demand for wearable dehydration monitoring systems, as these devices are non-invasive and provide a rapid analysis. Moreover, the increase in sports & athletic activities and the high susceptibility to dehydration in the geriatric population is also driving the demand for wearable devices. A rise in innovation, such as real-time hydration notifications, sweat rate measures, wrist-based heart rates, smart alarms, mood inputs, etc., is also fueling revenue growth.
Dehydration Monitoring Systems Market by Application
[34534635]
Based on application, the global dehydration monitoring systems market is segmented into disease diagnosis, drug abuse detection, and athletic performance optimization.
Adopting these dehydration monitoring systems in the athletic and sports performance optimization sector accounts for the biggest revenue share in the market. As the trend of professional sports is consistently rising, the demand for such specialized and breakthrough devices is increasing rapidly. Moreover, athletes repeatedly monitoring their hydration levels for better performances is accelerating segment growth. Similarly, an increase in dehydration monitoring device innovation to provide more accurate and efficient devices to support athletes in preventing dehydration and improving their performance is also supporting the revenue growth of the segment.
Dehydration Monitoring Systems Market by Region
Based on region, the global dehydration monitoring systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
In terms of revenue, North America dominates the global dehydration monitoring systems market, followed by Europe.
Asia Pacific’s dehydration monitoring system market is expected to register the fastest revenue CAGR during the forecast period. An increase in the number of patients suffering from chronic and lifestyle disorders plays a pivotal role in the segment’s revenue growth. Additionally, the presence of advanced IT for developing wearable devices and smartphone applications to monitor body water levels, and the rise in the adoption of wearable devices is propelling revenue growth. Similarly, the average growth in the per capita income in Asia Pacific is also fuelling the market revenue growth.
Competitive Landscape
The key players operating in the global dehydration monitoring systems market are:
Strategic Developments
The rise in the adoption of cutting-edge technology with a significant shift in public perceptions toward health & fitness with increased demand for a non-invasive monitoring system. Moreover, the rise in elderly populations, with an increase in sports and athletic activities, are the market revenue drivers.
Some key companies operating in the global dehydration monitoring systems market are Nix Inc., BSX Technologies, Kenzen Inc., Bitome Inc., Indiegogo Inc., and The Trendlines Group.
The mobile devices segment accounts for the largest revenue share in the global dehydration monitoring systems market.
The lack of awareness, the high cost involved in the chip-based system, and the complexity of the R&D are some factors restricting the global dehydration monitoring systems market revenue growth.
Based on region, North America accounts for the largest revenue share, followed by Europe; and Asia Pacific is the fastest-growing region.
*Insights on financial performance are subject to the availability of information in the public domain