Indirect Calorimeter Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-08-04 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Indirect Calorimeter Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Indirect Calorimeter Market Size
Indirect Calorimeter Market size is projected to depict substantial growth from 2024 to 2032, due to the growing inclination towards non-invasive surgical procedures worldwide. Indirect calorimeters or metabolic carts, have grown largely popular as they offer information regarding parameters, such as nutritional requirements, metabolism rate, and aerobic fitness to dieticians and nutritionists to better understand a patient’s specific nutritional needs. These advantages are prompting healthcare establishments to deploy these devices to improve patient quality of life.
For instance, in January 2022, the U.S. National Institutes of Health (NIH) awarded funds worth USD 170 million over the next five years to help research institutes and clinics across the country to develop algorithms to predict individual responses to dietary routines and food choices. This growing support for the development of technologically advanced affordable, portable, and user-friendly metabolic carts to cater to clinical research applications. However, the potential challenges in compliance with evolving regulatory requirements may restrain the industry expansion to some degree. Additionally, the complexities arising from integrating and implementing advanced technologies in the healthcare sector could impede the product demand.
Indirect Calorimeter Market Trends
The rising appeal of indirect calorimeters due to technological advancements and the escalating prevalence of obesity will escalate the product uptake. According to WHO, over 1 billion individuals are grappling with obesity, including 650 million adults, 340 million adolescents, and 39 million children. It is also disclosed that by 2025, around 167 million people, encompassing both adults and children, will experience compromised health due to overweight and obesity.
Indirect Calorimeter Market Analysis
Based on type, the portable indirect calorimeter industry value is anticipated to rise at significant CAGR from 2024 to 2032, due to increased demand for on-the-go metabolic measurements in diverse settings. Factors, such as, convenience, ease of use, and the increasing focus on mobile healthcare solutions are contributing to the expanding adoption of portable indirect calorimeters for accurate and efficient metabolic assessments.
Indirect calorimeter market share from the hospital end-user segment is projected to witness robust expansion through 2032, owing to the rising prevalence of metabolic disorders, higher need for accurate nutritional assessments, and the growing importance of personalized patient care. According to the U.S. National Fire Protection Association (NFPA), 1.3 million fires occurred in 2021, leading to 3,800 casualties and 14,700 injuries. Patients with burn injuries rely on indirect calorimeter units to meet their changing caloric requirements. Moreover, the increasing adoption of advanced healthcare technologies and the increased awareness of metabolic monitoring.
Regionally, the North America indirect calorimeter market is projected to flourish at substantial CAGR from 2024 to 2032, fueled by increasing awareness of energy efficiency, the growing demand for accurate respiratory measurements in clinical settings, and rapid advancements in healthcare technology. The rising prevalence of respiratory diseases and the growing need for precise metabolic measurements.
Indirect Calorimeter Market Share
Some of the major indirect calorimeter companies are
- COSMED
- ParvoMedics
- MGC Diagnostics (formerly known as Angeion Corporation)
- Microlife USA
- KORR Medical Technologies
Leading indirect calorimeter industry players are securing their market dominance through corporate strategies, such as partnerships, mergers & acquisitions, and R&D initiatives.
Indirect Calorimeter Industry News
- In September 2022, Oakville Trafalgar Memorial Hospital (OTMH) of Halton Healthcare installed Ontario's first Q-NRG+ Indirect Calorimeter by utilizing innovative technology to measure oxygen and carbon dioxide levels in patients' breath for accurate determination of resting energy expenditure (REE).