Indirect Calorimeter Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4321
Indirect Calorimeter Market size is expected to grow significantly from 2019 to 2025.
Technological advancements in indirect calorimeter will prove beneficial for market growth over the forecast period. Technologically advanced indirect calorimeter is used for measuring the amount of heat generated and energy spent by calculating gas exchange, oxygen inhaled and carbon-di-oxide exhaled. Additionally, these devices are reliable, sensitive, accurate and non-invasive used for analyzing metabolic process. Thus, technologically advanced indirect calorimeters assist in providing efficient analysis that will rise its preference amongst healthcare facilities in coming years.
Rising prevalence of obesity will surge demand for indirect calorimeters over the analysis timeframe. Indirect calorimeters measure carbon dioxide production and oxygen consumption and provide minute by minute energy expenditure that helps in distinguishing several components of energy utilized different activities. By tracking resting and sleeping metabolic rate and effect of food, indirect calorimeter can predict obesity in an individual Additionally, use of indirect calorimeter data for personalized interventions can be efficacious in slowing down the rise of obesity globally. However, superior quality products provided by well-established players may hamper penetration of new entrants in the indirect calorimeter market.
Portable indirect calorimeter segment is anticipated to witness robust growth over the forecast period. Initially, indirect calorimeters were expensive, cumbersome and occupied large space. Moreover, these devices were expensive, thus their adoptability was lower. Currently, industry players have developed portable indirect calorimeters that are user friendly and cost effective. These devices can be used for constructing and following personalized diet plans and are also used for monitoring sports nutrition in critical conditions. Thus, advantages obtained with the usage of portable devices may escalate its usage over the forecast timeframe.
Hospital segment had lucrative revenue in 2018 and it is anticipated to witness substantial growth in near future. Increasing number of hospital admissions will escalate the usage of indirect calorimeters, that will fuel the segment growth. Indirect calorimeter has several applications in monitoring patient’s metabolic activities that further helps doctors to provide effective treatment. Thus, wider application of indirect calorimeter coupled with increasing number of hospital admissions will favor segment growth over the forecast timeframe.
Asia Pacific indirect calorimeter market is anticipated to witness robust growth in forthcoming future. Increasing patient pool and uncontrolled symptoms of chronic disorders will surge demand for indirect calorimeters. Moreover, increasing expenditure on developing healthcare infrastructure will surge demand for indirect calorimeters that will accelerate regional growth. As a result, increasing patient population coupled with rising healthcare expenditure will propel the regional growth in coming years.
Some of the notable industry players operating in the indirect calorimeter market are Cosmed, MGC Diagnostics, Microlife USA, KORR Medical Technologies, Maastricht Instruments, Vyaire Medical and Parvo Medics. These industry players are implementing several strategic initiatives such as mergers, acquisitions, collaborations, product launches that enable them to sustain competition and garner higher market share. For instance, in August 2019, COSMED and BAXTER partnered to bring next-generation indirect calorimetry device to support clinical nutrition globally. This initiative will help company to provide innovative products thereby exceeding business revenue.
Indirect Calorimeter Market By Type, 2014-2025 (USD Million)
Indirect Calorimeter Market By End-user, 2014-2025 (USD Million)
- Hospital (Critical Care)
- Diagnostic Centers
- Research Institutes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Cosmed Srl
- MGC Diagnostics
- Microlife USA
- KORR Medical Technologies
- Maastricht Instruments BV
- Vyaire Medical
- Parvo Medics
- GE Healthcare
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