Global Metabolic Testing Market Size By Product Type (CPET System, Metabolic Carts, ECG And EKG System), By End-User (Hospitals, Laboratories, Sports Training Centers), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Metabolic Testing Market size is valued at USD 716.13 Million in 2021 and is projected to reach USD 1,415.87 Million by 2030, growing at a CAGR of 7.14% from 2022 to 2030.
The Global Metabolic Testing Market is buzzing with potential! Keep an eye out for more companies joining forces and exciting new products hitting the shelves. We're talking about things like digital rate testing and better equipment, all focused on individual health. Plus, with healthcare spending on the rise, expect the market to keep growing! Unfortunately, more people are facing lifestyle-related illnesses, and our aging population is more prone to chronic conditions like cancer and kidney problems. These are major drivers for the Metabolic Testing Market. And let's not forget the impact of technology! The introduction of
digital metabolic rate testing equipment
and, again, that fast-growing healthcare budget, are predicted to really boost the market during the forecast period.
Lately, we've seen more and more diseases popping up that are linked to sitting around too much. We're talking about things like obesity, diabetes, and heart issues. Take diabetes, for examplethe CDC says it's super common in the US. And the bad news is that diabetes can lead to some serious problems, like neuropathy, nephropathy, retinal damage, damage to vital organs, and even the risk of needing a foot amputation. Luckily, healthcare IT is stepping up, bringing together different healthcare and IT programs in cool ways. But here's the thingeven though it seems like it should be, metabolic testing isn't always a standard thing, and it hasn't really taken off like it could. That's where connected and portable metabolic testing devices come in – they can really make metabolic testing more accessible.
Global Metabolic Testing Market Definition
Metabolism is a regular chemical process that takes abode in a body to maintain its living state. Metabolic rates differ from person to person and are contingent upon gender, height, weight, age, muscle-to-fat ratios, and the current physical rate of activity. Metabolic testing procedures are used to find metabolic parameters. Metabolism includes a series of reactions in which a molecule is transformed into a product with the help of enzymes. Enzymes are energetic to metabolism as they allow the organism to determine reactions for required energy.
Metabolism is separated into catabolism and anabolism. Catabolism is the failure of molecules to obtain energy, whereas anabolism is the building up of compound molecules to form a compound to store energy. Metabolism includes blood movement, breathing, digestion of food, and contraction of muscles, among others. Metabolic testing helps to quantity the wellness and health of an individual by determining and diagnosing diseases, which contain diabetes and cardiovascular diseases such as hypertension, stomach fatness, glucose intolerance, and dyslipidemia.
Global Metabolic Testing Market Overview
Everyone's metabolism is a little different, depending on things like gender, height, weight, age, and even how much muscle versus fat you have, and of course, your current activity level. Your metabolism basically breaks down into two main processescatabolism, which is like breaking down food to get energy, and anabolism, which uses that energy to build bigger things from smaller building blocks—like turning amino acids into proteins. Both catabolism and anabolism are essential for keeping us alive. Sadly, the rise of lifestyle diseases like CVD, obesity, and diabetes, along with new technology and how we spend on healthcare, are all major factors in the...
The Metabolic Testing Market is booming! We're seeing this growth thanks to a few thingspeople are really valuing their health, spending more on healthcare, and becoming much more aware of what they need to do to stay healthy. Plus, there's a large number of patients needing these tests.
Governments are also getting involved with new initiatives, and our healthcare infrastructure is improving, meaning more people can access quality medical care. On top of that, disposable income is rising! Lifestyle diseases like obesity and diabetes are on the rise too, and thankfully, technology is advancing to help us combat them, leading to a significant share of the market. We're also seeing exciting trends like new products being launched and the market consolidating. However, it's not all smooth sailing. The high cost of healthcare, those expensive software and equipment needed for testing, and issues with reimbursement are definitely challenges holding the Metabolic Testing Market back a bit.
Global Metabolic Testing MarketSegmentation Analysis
The Global Metabolic Testing Market is Segmented on the basis of Product Type, End-User, and Geography.
Based on Product Type, the market is segregated into CPET Systems, Metabolic Carts, ECGs/EKGs System, Cody Composition Analyzers, and Software. Amongst products, the CPET systems section is probable to account for the major share of the Global Metabolic Testing Market owing to the increasing demand due to the correctness of the product. The metabolic carts segment is anticipated to grow significantly over the next few years. ECGs/EKGs separable to CPET systems segment are expected to understand healthy growth during the forecast period
Metabolic Testing Market, By End-User
• Hospitals• Laboratories• Sports Training Centers
Based on End-User, the market is segmented into Hospitals, Laboratories, and Sports Training Centers, amongst the end-users; the hospital segment is estimated to dominate the market owing to the collective number of hospitals throughout the globe and enlightening the value of hospital services in developing regions.
Metabolic Testing Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of Geography, the Global Metabolic Testing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is predicted to dominate the Global Metabolic Testing Market owing to the growing incidence of cardiovascular diseases and metabolic disorders and the growth of metabolic testing equipment and devices. In addition, the well-established healthcare infrastructure in the North American region is expected to influence market growth over the forecast period.
Key Players
The “Global Metabolic Testing Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are AEI Technologies Inc., CareFusion Corporation, Parvo Medics Inc., Cortex Biophysik GmbH, KORR Medical Technologies Inc., Microlife Medical Home Solutions Inc., Geratherm Medical AG, COSMED, MGC Diagnostics Corporation, GE healthcare, OSI Systems Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In July 2021, AEI Technologies recently met up with Kimberly Gandler to shed some expert anecdotal light on the practical use of VO2 Max testing equipment, and the various ways she uses AEI Technologies MAX-II Metabolic Cart. Assistances and Anecdotal Usage of the MAX-II.
• In June 2021, Geratherm Medical AGMr. Rudolf Bröcker, Chairman of the Supervisory Board of Geratherm Medical AG, has cognizant us that he will stride back from his place on the Supervisory Board at the end of the Annual General Meeting.
• In November 2021, Global Cosmed S.A. became a member of The Polish Association of Listed Companies (SEG). Now we can develop the competency related to performing our duties as a listed company and work even better for our shareholders.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2018-2030
Base Year
2021
Forecast Period
2022-2030
Historical Period
2018-2020
Unit
Value (USD Million)
Key Companies Profiled
AEI Technologies Inc., CareFusion Corporation, Parvo Medics Inc., Cortex Biophysik GmbH, KORR Medical Technologies Inc., Microlife Medical Home Solutions Inc., Geratherm Medical AG.
Segments Covered
By Product Type
By End-User
By Geography
Customization Scope
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We dig deep into the market, using both numbers and less tangible things to understand different groups of customers. You'll get the market value (in USD Billion) for every segment and sub-segment. We'll also point out which region and customer group is likely to grow the fastest and be the biggest. Expect a breakdown by region, showing where the product/service is popular and what's influencing the market there. We'll map out the competitive landscape, ranking the big players and highlighting new product launches, partnerships, expansions, and acquisitions from the last five years, with detailed company profiles – including overviews, insights, product comparisons, and SWOT analysis. Get a view of where the market is now and where it's heading, considering recent happenings, growth possibilities, what's driving it, and the challenges and limitations in both new and established markets. We also give you a thorough understanding of the market using Porter's five forces and a look at the Value Chain. Finally, you'll see the market's dynamic situation and the potential growth opportunities down the road, plus, 6-months of analyst support after the sale.
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