Global metabolic testing market


Posted November 18, 2019 by mmrseo4

Global metabolic testing market was valued US$ 412.8 Mn in 2017 and is expected to reach US$ 762.3 Mn by 2026, at a CAGR of 7.97 % during a forecast period.
 
Global metabolic testing market was valued US$ 412.8 Mn in 2017 and is expected to reach US$ 762.3 Mn by 2026, at a CAGR of 7.97 % during a forecast period.

The metabolic testing market is segmented into a product, application, technology, end-user, and region.
In terms of product, a metabolic testing market is segmented into CPET systems, metabolic carts, body composition analyzers, ECGs & EKGs attachable to CPET systems, and software. Based on the application segment, a metabolic testing market is classified into lifestyle diseases, critical care, human performance testing, dysmetabolic syndrome x, metabolic disorders, and other applications. Further technology, a metabolic testing market is divided into VO2 max analysis, RMR analysis, and body composition analysis. In terms of the end-user, the metabolic testing market is classified into hospitals, laboratories, sports training centers, gyms, and other end users.

Based on regions, the global metabolic testing market is divided into five main regions are North America, Europe, Asia-pacific, Latin America and Middle East & Africa.

In terms of application, the lifestyle diseases application segment accounted for the largest share of the global metabolic testing market owing to the rising prevalence of lifestyle diseases such as cardiovascular diseases, diabetes, and obesity.

Based on technology, the VO2 max assessment is an important parameter for metabolic testing and is one of the most widely prescribed metabolic tests for athletes, healthy individuals, as well as patients.

By Product, metabolic testing equipment & software help physicians to identify the risks of lifestyle disorders at an early stage and support in the critical care of ICU patients. These equipment are also utilized in human performance testing for athletes and for commercial weight management programs.

The driving factor of the global metabolic testing market is increasing sedentary lifestyle, up surging healthcare expenditures, technological advancements and the growing prevalence of lifestyle associated diseases, such as cardiovascular disease, obesity, and diabetes. In addition, the increasing healthcare awareness and improving the standard of living are also boosting the growth of the metabolic testing market.

The high cost of equipment & software and limited reimbursement are restraining the growth of the global metabolic testing market.

The enormous unexplored market in the metabolic testing industry of the developing economies is creating ample growth opportunities for the metabolic testing market to grow at a considerable rate, during the forecasted period.

Geographically, North America is leading the global metabolic testing market in the projected period, due to technological advancement in metabolic testing and increasing prevalence of lifestyle associated diseases, such as obesity and diabetes.

Some of the companies operating in the global metabolic testing market are OSI Systems Inc., CareFusion Corporation, General Electric Company, AEI Technologies Inc., MGC Diagnostics Corporation, Geratherm Medical AG, Parvo Medics, Microlife Medical Home Solutions Inc., Cosmed, Korr Medical Technologies Inc., and Cortex Biophysik Gmbh.
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Last Updated November 18, 2019