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Report Code: LS10378
Category : Healthcare
The global metabolic testing market is significantly growing due to up surging technological advancements, and massive research and development in metabolic testing. The massive unexplored market in the metabolic testing industry of the developing economies is creating abundant growth opportunities for the metabolic testing market to grow at a considerable rate, during the forecasted years. In addition, the advanced research and development facilities, and innovative product developments by the companies, are propelling the growth of the metabolic testing industry.
Metabolism is a physical process, which begins with a sequence of chemical reactions and ends up forming a product through a specific enzyme. Metabolic testing helps to determine an individual’s health and wellness. It is used to screen organ functions, such as liver conditions and kidney diseases. It helps the physicians and exercise physiologist to identify the risks of lifestyle disorders at an early stage. Metabolic testing is also used to conduct the commercial weight management programs and performance testing for athletes.
On the basis of product, the metabolic testing market can be categorized as CPET systems, metabolic carts, software, body composition analyzers, and ECG and EKG systems. On the basis of technology, the market can be categorized as VO2 max analysis, body composition analyzers, and RMR analysis. VO2 max analysis leads the global metabolic testing market in terms of revenue, as it is the most prescribed metabolic test for athletes, patients, and healthy human beings.
On the basis of application, the global metabolic testing market is segmented as metabolic disorders, lifestyle diseases, dysmetabolic syndrome X, human performance testing, critical care, and others. Lifestyle disease leads the market in terms of market size, due to increasing prevalence of lifestyle associated diseases, such as obesity, diabetes, and cardiovascular diseases. On the basis of end users, the market is segmented as hospitals, laboratories, sports training centers, gyms, and others, where hospitals leads the market in terms of market size.
Some of the factors driving the growth of the global metabolic testing market are increasing sedentary lifestyle, up surging healthcare expenditures, technological advancements and growing prevalence of lifestyle associated diseases, such as cardiovascular disease, obesity, and diabetes. In addition, the increasing healthcare awareness and improving standard of living are also driving the growth of the metabolic testing market. However, the high cost of equipment and software, and limited reimbursement are some of the factors restraining the growth of the global metabolic testing market.
Geographically, North America is likely to lead 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. Asia-Pacific is the fastest growing region in the global metabolic testing market due to increasing healthcare expenditures, huge pool of patients, upsurge in standard of living, and intensifying government support in the region. Moreover, the metabolic testing market is growing due to increasing healthcare awareness and refining healthcare infrastructure in the emerging countries, such as India and China.
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.