A recent report by Growth Plus Reports estimated the global Metabolic Testing Market to be worth US$ 58.1 billion in 2021. From 2022 to 2030, it is expected that market revenue will grow at a CAGR of 7.6%, reaching US$ 112.23 billion by 2030. The most successful strategies, market trends, significant drivers and opportunities, the competitive environment, market size, statistical data, and revenue are all included in the report.
Key Takeaways:
- The rise in the prevalence of lifestyle disorders is significantly rising market revenue.
- Increasing investments associated with the development of advanced technology to boost further market expansion.
- An increase in R&D efforts will create advantageous chances of market revenue growth.
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Metabolic Testing Market Scope
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 58.1 billion |
|
Revenue forecast in 2030 |
US$ 112.23 billion |
|
Growth Rate |
CAGR of 7.6% from 2022 to 2030 |
| Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
by product type, technology, application, end user and region. |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers:
The rising incidence and prevalence rate of lifestyle-related disorders such as heart disease, hypertension, high cholesterol, diabetes, and obesity, and technical developments in metabolic testing is driving market revenue. Additionally, technical improvements such as introducing digital metabolic rate testing equipment and fast-rising healthcare spending levels will likely drive market revenue expansion during the forecast period.
Market Segmentation:
Growth plus reports have analyzed the global metabolic testing market from perspectives such as product type, technology, application, end-user, and region.
Product Type Segmentation:
Based on product type, the global metabolic testing market is segmented into cardiopulmonary exercise testing (CPET), body composition analysis, electrocardiogram, and portable systems.
The CPET systems segment is expected to account for the largest revenue share in the global metabolic testing market owing to its accuracy, rising disposable income, and prevalence of chronic diseases.
Technology Segmentation:
Based on technology, the global metabolic testing is segmented into VO2 max analysis, resting energy expenditure (REE), body composition analysis, and others.
The VO2 max analysis segment is expected to account for the largest revenue share in the global market because of its ability to measure oxygen consumption directly. Moreover, it is the most prescribed metabolic procedure for athletes, caregivers, and otherwise healthy people, driving revenue share.
Application Segmentation:
Based on application, the global metabolic testing market is segmented into critical care, lifestyle diseases, and others.
The lifestyle diseases segment is expected to dominate the market revenue during the forecast period Because of the rising incidence of lifestyle-related disorders such as obesity, diabetes, and cardiovascular disease worldwide.
End-User Segmentation:
Based on end-user, the global metabolic testing market is segmented into sports performance labs, hospitals & clinics, and others.
The sports performance segment is expected to dominate the market revenue during the forecast period, owing to the growing number of sports performance labs worldwide and the improved quality of lab services in developing regions.
Regional Growth Dynamics:
Based on the region, the global metabolic testing market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America accounts for the largest market revenue share and is expected to rise significantly during the forecast period. This rise in revenue is due to the prevailing diseases related to lifestyle, the presence of prominent market players, and the availability of advanced healthcare in this region.
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Competitive Landscape:
The key players operating the market global metabolic testing market includes:
- Geratherm
- Medical AG
- General Electric Company
- OSI Systems, Inc.
- Cosmed srl
- Korr Medical Technologies, Inc.,
- AEI Technologies, Inc.,
- Endurance Company, LLC,
- CareFusion Corporation
- Vyaire Medical, Inc.
- Cortex Biophysik GmbH
The market under investigation is fragmented and only somewhat competitive. Domestic and foreign businesses operating in the atrial fibrillation market focus on creating novel product introductions and expanded R&D operations are keeping an eye on the entrance of new rivals.
Recent Developments:
- In December 2022, Rutgers University and HeartSciences began a multi-year cooperation to create AI-based ECG algorithms to enhance heart disease diagnosis and broaden the clinical usefulness of an ECG for screening of low-cost heart disease.
- In September 2022, Fitbit introduced three new fitness trackers in India: the Fitbit Versa 4, the Fitbit Sense 2 fitness wristwatch, and the Fitbit Inspire 4 fitness tracker and claims to deliver superior performance, including heart rate sensor, a SpO2 meter, a stress monitor, and other features.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- GLOBAL METABOLIC TESTING MARKET- ANALYSIS & FORECAST, BY PRODUCT TYPE
- Cardiopulmonary Exercise Testing (CPET)
- Body Composition Analysis
- Electrocardiogram (ECG)
- Portable System
- GLOBAL METABOLIC TESTING MARKET- ANALYSIS & FORECAST, BY TECHNOLOGY
- Vo2 Max Analysis
- Resting Energy Expenditure (REE)
- Body Composition Analysis
- Others
- GLOBAL METABOLIC TESTING MARKET- ANALYSIS & FORECAST, BY APPLICATION
- Critical Care
- Lifestyle Diseases
- Others
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- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
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- ‘Business Profile’ of Key Players
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