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Metabolic Testing Market to reach USD 547.49 million by 2023

 



(Medical-NewsWire.com, August 13, 2018 ) In the year 2018 Global Metabolic Testing Market was valued at USD 381.36 Million. By the year 2023, it is predicted to reach USD 547.49 Million with pace of 7.5% CAGR.



Metabolism is a physical process, which begins with a sequence of chemical reactions and ends up forming a product through a specific enzyme. Metabolic testing equipment is used to screen organ functions and disease condition like liver diseases, diabetes, kidney diseases, and cardiovascular diseases. This test is also used to conducting industrial weight management programs and performance testing in athletes.





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Factors affecting market growth:



· Increasing health care expenditure. (+)



· Rising Incidence of chronic diseases across the globe. (+)



· Advancement of technology in metabolic rate testing equipment. (+)



· Increasing awareness towards metabolic testing among global population. (+)



· Introduction of digital metabolic rate testing equipment. (+)



· High cost of software & equipment. (-)



· Unfavorable reimbursement policies. (-)







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Market Segmentation



The Global Metabolic Testing Market is segmented on the basis of



Product



· CPET Systems



· Metabolic Carts



· ECG and EKG Systems



· Body Composition Analyzers



· Software



· Technology



· VO2 Max Analysis



· RMR Analysis



· Body Composition Analysis



Application



· Lifestyle Diseases



· Critical Care



· Human Performance Testing



· Dysmetabolic Syndrome X



· Metabolic Disorders



End User



· Hospitals



· Laboratories



· Sports Training Centers



· Gyms.



Based on product market, the VO2 max analysis segment holds the largest market share in the global metabolic testing market as it is the most prescribed metabolic test for athletes, patients, and healthy human beings.



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Key players:



Leading companies for global metabolic testing market are CORTEX Biophysik GmbH (Germany), KORR Medical Technologies, Inc. (U.S.), AEI Technologies, Inc. (U.S.), Parvo Medics (U.S.), Microlife Medical Home Solutions, Inc. (U.S.), Geratherm Medical AG (Germany), General Electric Company (U.S.), OSI Systems, Inc. (U.S.), CareFusion Corporation (U.S.), MGC Diagnostics Corporation (U.S.), and COSMED (Italy).



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Source: EmailWire.Com

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