Metabolic Testing Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Metabolic Testing Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Metabolic testing device are medical devices used to screen organ functions and disease condition such as liver diseases, diabetes, kidney diseases, and cardiovascular diseases. Technologies involved in metabolic testing include VO2 Max analysis, RMR analysis, and body composition analysis. VO2 Max analysis includes body’s maximum rate of oxygen consumption that is measured during incremental exercise.
RMR analysis is resting metabolic rate analysis in which measurement of food and energy required to maintain basic body functions such as heartbeat, breathing, and maintenance of body heat is done. Body composition analysis consists of determination of ratio of different tissues of the body.
Metabolic testing is helpful in lifestyle disease management, performance testing for sports and fitness professionals, and in case of metabolic disorders such as diabetes. Products available in the market work on either of these technologies such as RMR, VO2 Max, and body consumption analysis. Commercially available products for metabolic testing include, ReeVue, Quark RMR w/CPET, Quark CPET, K5, and Ultima CardiO2.
The U.S Food and Drug Administration (FDA) controls and regulates the registration, approval, and monitoring of medical devices, including metabolic testing devices. These devices require 510 (k) premarket notification to be sold in the market. For instance, K5 wearable metabolic system has a 510 (k) premarket notification granted by the U.S. Food & Drug Administration (FDA).
Market Dynamics
Increasing approval and launch of new products, high prevalence of lifestyle diseases, and better reimbursement policies is expected to be major factors drastically driving metabolic testing market growth. For instance, manufacturers have introduced products such as Quark CPET (Cosmed srl) with multiple configurations such as ECG testing and nutritional assessment and products such as ReeVue (Korr Medical Technologies Inc.) with mixing chamber technology, self-calibration, and reimbursement facility.
Prevalence of lifestyle diseases is high in key region. Lifestyle diseases can lead to metabolic diseases which in turn is expected to rise demands for metabolic testing devices and drive metabolic testing market growth. For instance, according to the Centers for Disease Control and Prevention (CDC), over one third of the adults in the U.S. had obesity in 2014.
However, high cost of metabolic testing devices, preference to these devices under limited circumstances (sports performance testing and others), low penetration in emerging economies in regions such as Latin America, Asia Pacific, and Middle East are factors that are expected to restrain growth of the market.
Key features of the study:
This report provides in-depth analysis of metabolic testing market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global metabolic testing market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
Key companies covered as a part of this study include, COSMED srl, Vyaire Medical, Inc., Geratherm Medical AG, MGC Diagnostics Corporation, CORTEX Biophysik GmbH, General Electric Company, Microlife Medical Home Solutions, Inc., OSI Systems, Inc., AEI Technologies, Inc., and KORR Medical Technologies, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global Metabolic Testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the metabolic testing market
Detailed Segmentation:
Global Metabolic Testing Market, By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
Global Metabolic Testing Market, By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
Global Metabolic Testing Market, By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
Global Metabolic Testing Market, By Geography:
North America
By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
By Country:
U.S.
Canada
Europe
By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
By Country:
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
By Country:
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type :
Metabolic Carts
Portable
Bench-top
Body Composition Analyzers
Portable
Bench-top
ECGs/EKGs
Portable
Bench-top
By Test Type:
VO2 Max Analysis
RMR Analysis
Body Composition Analysis
By End User:
Hospitals & Clinics
Sports Performance Lab
Home Care Settings
By Country:
Central Africa
South Africa
North Africa
Company Profiles
COSMED srl*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Vyaire Medical, Inc.
Geratherm Medical AG
MGC Diagnostics Corporation
CORTEX Biophysik GmbH
General Electric Company
Microlife Medical Home Solutions, Inc.
OSI Systems, Inc.
AEI Technologies, Inc.
KORR Medical Technologies, Inc.
“*” marked represents similar segmentation in other categories in the respective section.