Metabolism is a set of chemical processes that takes place in a body to maintain its living state. Metabolic rates varies from person to person and depends upon the gender, height, weight, age, muscle to fat ratios, and the current physical rate of activity. Metabolic testing devices are used to find metabolic parameters. Metabolism involves a series of reactions in which a molecule is converted into a product with the help of enzymes. Enzymes are vital to metabolism as they allow the organism to drive reactions for required energy. Metabolism is bifurcated into catabolism and anabolism. Catabolism is the breakdown of molecules to obtain energy, whereas anabolism is the building up of complex molecules to form a compound to store energy.
According to the World Health Organization (WHO), nearly 13% of the world’s population was obese in 2014. The global prevalence of obesity has more than doubled between 1980 and 2014. This has led to an increase in the prevalence of metabolic syndrome. Centers for Disease Control and Prevention (CDC) states that around 34% of adult Americans are estimated to have metabolic syndrome. Metabolic testing equipment are used to assess the health and wellness of an individual. These testing equipment are screening tools to test organ performance in disease conditions such as diabetes and hypertension. There are several methods of metabolic testing. A VO2 max analysis, body composition analysis, resting metabolic rate (RMR) analysis are one of them. A VO2 max test measures body’s maximum ability to consume oxygen, which is linked to the physical fitness of that person. Body composition analysis is a physical test to measure various components such as protein, water content, minerals, and fat in the body and their proportions. It is used in hospitals, laboratories, gyms, and sports training centers, to test and examine metabolic disorders, lifestyle diseases, and dysmetabolic syndrome X in the body.
The global metabolic testing market can be segmented based on product, application, and region. In terms of product, the market can be segmented into CPET systems, metabolic carts, body composition analyzers, and ECGs/EKGs attachable to CPET systems and software. By application, the market can be classified into critical care, lifestyle diseases, human performance testing, metabolic disorders, dysmetabolic syndrome X, and others. Based on region, North America is currently the dominant market for the metabolic tests devices due to the growing prevalence of lifestyle associated diseases.
Asia Pacific is projected to drive high growth rate in the next five years, owing to India and China markets. Key factors driving the regional markets include increasing prevalence of diabetes and obesity, changing lifestyle, rising standards of living, larger patient pool, improving health care infrastructure, growing demand for quality medical care, increasing disposable income and health care spending, growing awareness, and rising government initiatives. However, expensive equipment and software and stringent reimbursement policies could inhibit the growth of the global metabolic testing market. New product launches and rising market consolidation are among the major ongoing trends in the global metabolic testing market.
Some of the key participants operating in the global metabolic testing market are General Electric Company, CareFusion Corporation, MGC Diagnostics Corporation, Geratherm Medical AG, AEI Technologies, Inc., OSI Systems, Inc., Cortex Biophysik GmbH, COSMED, Korr Medical Technologies, Inc., Microlife Medical Home Solutions, Inc., Breezing Co., and Parvo Medics, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.