The Global Dehydration Monitoring Systems Industry is on track for a significant surge, fueled by the increasing need for efficient and accurate hydration tracking. According to a recent analysis by Future Market Insights Inc., a leading market research firm, the market is expected to experience a stellar Compound Annual Growth Rate (CAGR) of 7.3% from 2023 to 2033. This translates to a projected market value of US$1.083.1 million by 2033, reflecting a remarkable rise from US$535.6 million in 2023.
Dehydration monitoring technologies, which are essential in clinical settings, are increasingly becoming approved for improving athletes’ and sportsmen’s performance. Shortly, the Global Dehydration Monitoring Systems Industry is expected to generate substantial revenue due to the increasing adoption of these monitoring systems across many industries.
One of the key factors contributing to this surge is the increasing recognition of dehydration’s impact on metabolic processes within the human body. Water, constituting 70-75% of body weight, plays a pivotal role in maintaining intracellular balance. As these monitoring devices become integral in understanding and mitigating dehydration risks, the industry is poised for substantial growth.
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Dehydration Monitoring Systems’ applications include drug abuse detection, disease diagnosis, and athletic performance optimization. Such devices are basically incorporated with standalone sensor systems measuring dehydration. Plus, growing demand for non-invasive Dehydration Monitoring Systems, that too, in distinct colors and forms is expected to take the Dehydration Monitoring Systems market by storm shortly.
Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Global Dehydration Monitoring Systems Industry’. It has its line of expertise in the form of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.
“With dehydration-related ailments on the rise amongst adults and intake, the Global Dehydration Monitoring Systems Industry is likely to grow on a spectacular note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from the Global Dehydration Monitoring Systems Industry
- North America holds more than 30% of the market share. This could be credited to the fact that more than 70% of US citizens suffer from chronic dehydration (as stated by the WHO). As such, there is an increase in cases of acute gastroenteritis in the US.
- Europe holds more than 25% of the market share. This could be attributed to the fact that almost 6 out of 10 European workers feel dehydrated at work. More alarming is that over 40K fatalities of hydration happen in the UK every single year. Healthcare personnel state that they could be easily avoidable if treated on time. The good part is that dehydration is a stoppable as well as predictable emergency diagnosis.
- The Asia-Pacific is expected to grow at the quickest rate in the Dehydration Monitoring Systems market in the forecast period. This could be reasoned with growing awareness regarding the importance of preventing dehydration.
Global Dehydration Monitoring Systems Industry Competitive Systems
- Epicore Biosystems, in February 2022, announced the closing of a Series A investment round worth US$ 10 Million. The major objective is that of growing interest in analytic solutions and microfluidic products provided by the company.
- Aquarate, in June 2021, came up with Hydracare – one of the automated fluid monitoring systems tracking the intake of drinks by an individual utilizing their Hydracup.
- Newcrest Mining, in May 2021, entered into a partnership with Unearthed (an Australia-based start-up community) to facilitate hydration monitoring at miner’s Telfer gold-copper mines in Western Australia’s Pilbara region.
- SweatWorks, in June 2022, partnered with Nix Biosensors (hydration monitoring start-up) to design the very first consumer product. As such, SweatWorks would be building the UX and hardware for the Nix sensor patch to analyze the wearer’s sweat to make real-time hydration metrics available.
Some of the market participants in the Global Dehydration Monitoring Systems Industry include
- Nix Inc.
- BSX Technologies
- Bitome Inc.
- EchoLabs
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Global Dehydration Monitoring Systems Industry Key Segments
By Product Types:
- Dehydration Monitoring Mobile Devices
- Wireless Dehydration Monitoring Chemical Sensors
- Biomedical Dehydration Monitoring Sensors
- Optical Dehydration Monitoring Sensor Systems
- Wearable Dehydration Monitoring Devices
- Dehydration Monitoring Wristbands
- Dehydration Monitoring Head Bands
- Dehydration Monitoring Adhesive Chest Patch
By Application:
- Dehydration Monitoring for Disease Diagnosis
- Dehydration Monitoring for Drug Abuse Detection
- Dehydration Monitoring for Athletic Performance Optimization
By Distribution Channel:
- Dehydration Monitoring Systems Sales via Retail Outlets
- Dehydration Monitoring Systems Sales via Supermarkets
- Dehydration Monitoring Systems Sales via Hypermarkets
- Online Sales of Dehydration Monitoring Systems
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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