Metabolic Testing Market is globally driven by rising standards of living, rising health care spending, a large pool of patients and others by 2024.
Metabolic Testing Market
Global Metabolic Testing Market: Overview
In metabolic testing, a person is tested for things such as testing metabolic rate and VO2 max. In VO2 max test, the ability of the body to consume oxygen is found as an indication of the physical fitness. From this test, one is able to determine the wellness and the health of the individual. The tool for metabolic testing is a screening tool that helps in screening the functioning of the organs in cases of diseases such as liver diseases, diabetes, and other diseases related to kidneys.
Global Metabolic Testing Market: Growth Factors
Key factors that are responsible for the metabolic testing market growth include rising standards of living, rising health care spending, a large pool of patients, and growing awareness among the consumers about health care. Other factors that contribute to the market growth are rising government initiatives, improving health care infrastructure, growing demand for quality medical care, and increasing disposable income. Increasing prevalence of lifestyle diseases such as obesity, diabetes, and others coupled with technological advancements are factors that accounted for the largest market share. New product launches and rise in the market consolidation are some of the major trends in the market. However, rising health care expenditure, expensive software & equipment, and issues related to reimbursement are hindering the metabolic testing market growth.
Global Metabolic Testing Market: Segmentation
The metabolic testing market is classified based on the end user, application, technology, and product. The end user segment is divided into gyms, hospitals, sports training centers, laboratories, and other end users. Based on technology, the market is fragmented into RMR analysis, VO2 max analysis, and body composition analysis. On the basis of application segment, the market is bifurcated into metabolic disorders, lifestyle diseases, human performance testing, critical care, dysmetabolic syndrome X, and other applications. The product segment is segregated into software, CPET systems, ECGs/EKGs attachable to CPET systems, metabolic carts, and body composition analyzers.
Global Metabolic Testing Market: Regional Analysis
The largest market share for the metabolic testing is held by North America. Growing prevalence of the cases of lifestyle-associated diseases in this region is the key factor that is driving the market growth. Asia Pacific is expected to follow North America, as China and India show a rapid growth in the market due to the increased standard of living, growing healthcare spending, favorable government initiatives, growing demand for quality medical care, and rise in patient awareness levels. Other factors that are also contributing to the market growth are growing geriatric population, easy adoption of changing lifestyle, and increasing incidences of metabolic disorders may fuel the market growth.
Global Metabolic Testing Market: Competitive Players
Key leading players in the global metabolic testing market are AEI Technologies, Inc., CareFusion Corporation, Parvo Medics, Inc., Cortex Biophysik GmbH., Korr Medical Technologies, Inc., and General Electric Company. Other prominent market players are Microlife Medical Home Solutions, Inc., Geratherm Medical AG, COSMED, MGC Diagnostics Corporation, and OSI Systems, Inc.
Global Metabolic Testing Market: Regional Segment Analysis
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