July 19, 2024

The Rapid Rise Of Obesity And Chronic Diseases Expected To Drive The Demand For Metabolic Testing

The Metabolic Testing Market is estimated to be valued at US$ 641.62 Mn Or Mn in 2023 and is expected to exhibit a CAGR Of 7.6% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Metabolic testing refers to the tests used to assess how the body uses and processes nutrients and fuel sources. These tests are usually performed to evaluate energy expenditure levels and diagnose chronic conditions like obesity, diabetes, and cardiovascular diseases. Key products involved include metabolic carts, body composition analyzers, ECG Holter monitors, stress testing systems, and body mass index indicators. With rising obesity and chronic disease prevalence worldwide, metabolic testing plays a crucial role in understanding health risks and managing treatment plans.

Market Dynamics:

The metabolic testing market is expected to witness significant growth over the forecast period driven by two key factors. Firstly, the growing prevalence of obesity and lifestyle-related chronic diseases has increased the need for metabolic rate monitoring and body composition analysis to implement effective treatment and diet plans. According to the WHO, as of 2022, over 1.9 billion adults were overweight globally and around 650 million were obese. Secondly, technological advancements in metabolic testing solutions like cloud connectivity, advanced calorimeters, and portable devices have made measurements more convenient and accessible. Wireless metabolic trackers, wearables, and smartphone apps have enabled home-based and remote monitoring, thus driving their adoption. However, high equipment costs remain a key challenge.

Segment Analysis

The metabolic testing market is dominated by the cardiopulmonary testing and metabolic testing sub-segments. Cardiopulmonary testing accounted for highest revenue share in 2022 and is expected to maintain its dominance over the forecast period. This is owing to high preference of cardiopulmonary testing by clinicians for metabolic analysis during exertion and in resting conditions. The cardiopulmonary testing equipment provides accurate and reliable metabolic measurements which aid in early diagnosis of cardiovascular and pulmonary diseases.

PEST Analysis

Political: Favorable government policies and regulations supporting adoption of advanced diagnostic technologies in healthcare institutions across major countries.

Economic: High healthcare spending on chronic disease management driving demand for metabolic testing services and equipment.

Social: Increasing health consciousness and focus on preventive healthcare contributing to market growth.

Technological: Rapid digitalization and development of portable devices advancing the metabolic testing process.

Key Takeaways

The Global Metabolic Testing MarketĀ  Demand is expected to witness high growth, exhibiting a CAGR of 7.6% over the forecast period, due to increasing prevalence of lifestyle diseases and growing geriatric population.

The North America region dominated the metabolic testing market in 2022 and is expected to maintain its lead position over the forecast period. This is attributed to the favourable reimbursement policies for metabolic testing and advanced healthcare infrastructure in the region.

Key players operating in the metabolic testing market are 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., KORR Medical Technologies, Inc., Iworx Systems, GE Healthcare, Hologic, Inc, Geratherm Medical AG, and Parvo Medics. Major players are focused on expansion through acquisitions, collaborations and launch of portable and technologically advanced devices to strengthen their market position

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it