Metabolic testing involves assessment of health and wellbeing of an individual. Metabolic testing equipment are used to screen organ functions and disease condition such as liver diseases, diabetes, kidney diseases, and cardiovascular diseases. Metabolic syndrome is a group of metabolic disorders such as high blood pressure with high fasting glucose levels and abnormal obesity. Metabolism pattern and metabolic capacity is determined with the help of metabolic testing for management of such conditions. Metabolism is a chemical reaction occurring in the body to maintain the standard state of the organism or body.
Increasing Prevalence of Lifestyle Diseases is expected to Propel Demand for Metabolic Testing Devices
Metabolic testing market is expected to witness significant growth over the forecast period, owing to increasing prevalence of lifestyle diseases such as cardiovascular diseases, obesity, and type 2 diabetes. For instance, according to the World Health Organization (WHO), 2017, around 17 million deaths are registered worldwide, annually due to cardiovascular diseases, of which over three quarters are registered in low- and middle-income countries.
Moreover, according to American Diabetes Association (ADA), in 2015, around 30.3 million people in the U.S. were suffering from diabetes. Increasing prevalence of lifestyle diseases leads to high demand for metabolic testing, which in turn expected to boosts global metabolic testing market growth.
Increasing approval and launch of new products, high prevalence of lifestyle diseases, and better reimbursement policies is expected to be major factors drastically driving metabolic testing market growth. For instance, manufacturers have introduced products such as Quark CPET (Cosmed srl) with multiple configurations such as ECG testing and nutritional assessment and products such as ReeVue (Korr Medical Technologies Inc.) with mixing chamber technology, self-calibration, and reimbursement facility.
Prevalence of lifestyle diseases is high in key region. Lifestyle diseases can lead to metabolic diseases which in turn is expected to rise demands for metabolic testing devices and drive metabolic testing market growth. For instance, according to the Centers for Disease Control and Prevention (CDC), over one third of the adults in the U.S. had obesity in 2014.
Metabolic Testing Market – Competitive Analysis
Key players operating in the metabolic testing market include COSMED srl, CareFusion Corporation, Geratherm Medical AG, MGC Diagnostics Corporation, General Electric Company, CORTEX Biophysik GmbH, Microlife Medical Home Solutions, Inc., AEI Technologies, Inc., KORR Medical Technologies, Inc., and OSI Systems, Inc.