Metabolic Testing Market - Outlook, and Opportunity Analysis, 2018-2026


Posted August 19, 2019 by rajkumarbisen

Metabolic testing involves assessment of health and wellbeing of an individual. Metabolic testing equipment are used to screen organ functions and disease conditions such as liver diseases, diabetes, kidney diseases, and cardiovascular diseases.

 
Metabolic testing involves assessment of health and wellbeing of an individual. Metabolic testing equipment are used to screen organ functions and disease conditions such as liver diseases, diabetes, kidney diseases, and cardiovascular diseases. Metabolism is a chemical reaction occurring in the body to maintain the standard state of the organism or body. Metabolic syndrome is a group of metabolic disorders such as high blood pressure with high fasting glucose levels and abnormal obesity. Metabolism pattern and metabolic capacity is determined with the help of metabolic testing for management of such conditions. In case of sports professionals, metabolic testing is done in order to test body’s ability of oxygen consumption.

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Launch and Approval of Advanced Metabolic Testing Devices

Key players in the market are focused on introducing advanced devices such as body composition analyzers, metabolic carts, and electrocardiogram (ECGs/EKGs). Key players such as InBody Co. Ltd., Korr Medical Technologies, Cosmed srl, Vyaire Medical, and OSI Systems, Inc. offer products in the market in different segments. For instance, in 2017, Cosmed received innovative technology designation from Vizient, Inc. for its K5 Wearable Metabolic System. The system comes with micro-dynamic mixing chamber or breath-by-breath gas exchange techniques, wireless connectivity, a standard USB port, and medical grade AC/DC power plug.

Moreover, portable VO2 max analysis devices have been introduced in the market by players such as VO2 Master. VO2 Master product VO2 Master Pro is a wearable VO2 analyzer with Bluetooth connectivity. AEI Technologies offers PC-based stress ECG system, which can turn any PC into an all-in-one cardiology system.

Furthermore, in October 2017, InBody Co., Ltd. launched InBody BAND 2 — a fusion of body composition analyzers and fitness trackers. InBody BAND 2 is capable of measuring percent body fat, fat mass, muscle mass, sleep monitoring, heart rate monitoring, and fitness tracking. Therefore, launch of advanced metabolic testing devices is expected to significantly boost metabolic testing market growth over the forecast period.

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.

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Key players operating in the metabolic testing market 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.

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Issued By Coherent Market Insights
Country United States
Categories Health
Tags Metabolic Testing Market
Last Updated August 19, 2019