Global Indirect Calorimeter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indirect Calorimeter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indirect calorimeter is a measuring instrument. Indirect calorimetry calculates heat that living organisms produce by measuring either their production of carbon dioxide and nitrogen waste, or from their consumption of oxygen.

Market Overview:

The latest research study on the global Indirect Calorimeter market finds that the global Indirect Calorimeter market reached a value of USD 28.78 million in 2022. It’s expected that the market will achieve USD 37.38 million by 2028, exhibiting a CAGR of 4.45% during the forecast period.

Market Opportunities

With the technological advancement of portable indirect calorimeters and their cost-effectiveness and ease of operation, indirect calorimeters are increasingly used in sports and fitness. In addition, due to the increase in the use of indirect calorimeters in intensive care units, it is expected that the increasing demand for downstream applications will provide important development opportunities for the global indirect calorimeter market.
From a regional perspective, North America and Europe will account for the majority of the global market in 2019. The growing focus on preventive patient care, coupled with the rapid adoption of modern health monitoring tools, has led North America to a leading market position. With the high prevalence of obesity, increased awareness of health monitoring, preferential reimbursement policies, and increased government initiatives requiring the use of indirect calorimeters to assess nutritional demand are expected to drive demand for indirect calorimeters.
What's more, during the forecast period, the Asia-Pacific region has advantages in raw material and labor costs, leading to a large number of manufacturing shifts to the Asia-Pacific region. As the Asia-Pacific region continues to grow, for example, increased disposable income, increased health awareness, and increased healthcare spending, this will provide development opportunities for the region's markets.

Market Risk

Due to certain inhibitory factors of indirect calorimetry, it will limit the global indirect calorimeter market growth. For example, indirect calorimeter instruments do not provide information about the amount of calories a person needs to perform normal metabolic functions.
Traditionally caloric requirements are assessed using predictive equations, based on factors including weight, height, gender and age, which often result in inaccurate measurements and could lead to overfeeding or underfeeding. When a patient's metabolism is abnormal or abnormal, these devices are bound to provide inaccurate and misleading data.
The fluctuation of raw material prices and rising labor prices will affect the development of the industry to a certain extent.
In addition, indirect calorimeters are usually very expensive, and consumers with relatively weak consumption power will abandon the consumption of the product. These factors may hinder the growth of the global indirect calorimeters market over the forecast period.

Region Overview:

North America is projected to account for a considerable share of the Indirect Calorimeter market and is expected to become the largest region by 2028.

Company Overview:

MGC Diagnostics is one of the major players operating in the Indirect Calorimeter market, holding a share of 25.36% in 2023.

MGC Diagnostics

MGC Diagnostics Corporation operates as a medical technology company. The Company specializes in developing, manufacturing, and marketing non-invasive diagnostic systems for the detection, classification, and management of cardiorespiratory disease. MGC Diagnostics serves customers worldwide.

COSMED

Established in 1980, COSMED is a private company that designs and manufactures diagnostic equipment for cardiac lungs and metabolism. COSMED solutions address the needs of the medical, academic, and industry markets to assess human metabolism, exercise physiology, lung function, and body composition for clinical and research purposes. COSMED products include various spirometers, indirect calorimeter, cardiopulmonary exercise testing, and body composition systems including software.

Segmentation Overview:

By type, Non-portable segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Medical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Indirect Calorimeter market covered in Chapter 3:

Vyaire Medical
Microlife
COSMED
Maastricht Instruments
MGC Diagnostics
KORR Medical Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Indirect Calorimeter market from 2018 to 2029 is primarily split into:

Portable
Non-portable

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indirect Calorimeter market from 2018 to 2029 covers:

Medical
Sports & Fitness

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)