Global Metabolic Testing Market- Industry Analysis, Trends and Forecast 2017-202
Posted by PRIYANKA KULKARNI on October 3rd, 2017
Metabolism is a set of chemical processes that takes place in a body to maintain its living state. Metabolic rates varies from person to person and depends upon the gender, height, weight, age, muscle to fat ratios, and the current physical rate of activity. Metabolic testing devices are used to find metabolic parameters. Metabolism involves a series of reactions in which a molecule is converted into a product with the help of enzymes. Enzymes are vital to metabolism as they allow the organism to drive reactions for required energy. Metabolism is bifurcated into catabolism and anabolism. Catabolism is the breakdown of molecules to obtain energy, whereas anabolism is the building up of complex molecules to form a compound to store energy.
According to the World Health Organization (WHO), nearly 13% of the world’s population was obese in 2014. The global prevalence of obesity has more than doubled between 1980 and 2014. This has led to an increase in the prevalence of metabolic syndrome. Centers for Disease Control and Prevention (CDC) states that around 34% of adult Americans are estimated to have metabolic syndrome. Metabolic testing equipment are used to assess the health and wellness of an individual. These testing equipment are screening tools to test organ performance in disease conditions such as diabetes and hypertension. There are several methods of metabolic testing. A VO2 max analysis, body composition analysis, resting metabolic rate (RMR) analysis are one of them. A VO2 max test measures body’s maximum ability to consume oxygen, which is linked to the physical fitness of that person. Body composition analysis is a physical test to measure various components such as protein, water content, minerals, and fat in the body and their proportions. It is used in hospitals, laboratories, gyms, and sports training centers, to test and examine metabolic disorders, lifestyle diseases, and dysmetabolic syndrome X in the body.
The global metabolic testing market can be segmented based on product, application, and region. In terms of product, the market can be segmented into CPET systems, metabolic carts, body composition analyzers, and ECGs/EKGs attachable to CPET systems and software. By application, the market can be classified into critical care, lifestyle diseases, human performance testing, metabolic disorders, dysmetabolic syndrome X, and others. Based on region, North America is currently the dominant market for the metabolic tests devices due to the growing prevalence of lifestyle associated diseases.
Asia Pacific is projected to drive high growth rate in the next five years, owing to India and China markets. Key factors driving the regional markets include increasing prevalence of diabetes and obesity, changing lifestyle, rising standards of living, larger patient pool, improving health care infrastructure, growing demand for quality medical care, increasing disposable income and health care spending, growing awareness, and rising government initiatives. However, expensive equipment and software and stringent reimbursement policies could inhibit the growth of the global metabolic testing market. New product launches and rising market consolidation are among the major ongoing trends in the global metabolic testing market.
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Some of the key participants operating in the global metabolic testing market are General Electric Company, CareFusion Corporation, MGC Diagnostics Corporation, Geratherm Medical AG, AEI Technologies, Inc., OSI Systems, Inc., Cortex Biophysik GmbH, COSMED, Korr Medical Technologies, Inc., Microlife Medical Home Solutions, Inc., Breezing Co., and Parvo Medics, Inc.
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About the AuthorPRIYANKA KULKARNI
Joined: September 6th, 2017
Articles Posted: 16
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