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Title: Metabolic Testing Market Analysis | CMI


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
METABOLIC TESTING MARKET ANALYSIS
  • Metabolic Testing Market by Product Type
    (Metabolic Carts (Portable and Bench-top), Body
    Composition Analyzers (Portable and Bench-top),
    and ECGs/EKGs (Portable and Bench-top)), by Test
    Type (VO2 Max Analysis, RMR Analysis, and Body
    Composition Analysis), by End User (Hospitals
    Clinics, Sports Performance Lab, and Home Care
    Settings), and by Region (North America, Latin
    America, Europe, Asia Pacific, the Middle East,
    and Africa) -Size, Share, Outlook, and
    Opportunity Analysis, 2018-2026
  • The global metabolic testing market size was
    valued at US 451.5 Mn in 2018, and is expected
    to witness a CAGR of 7.6 during the forecast
    period (2018 2026).

3
Launch and Approval of Advanced Metabolic Testing
Devices
  • Key players in the market are focused on
    introducing advanced devices such as body
    composition analyzers, metabolic carts, and
    electrocardiogram (ECGs/EKGs). Key players such
    as InBody Co. Ltd., Korr Medical Technologies,
    Cosmed srl, Vyaire Medical, and OSI Systems, Inc.
    offer products in the market in different
    segments. For instance, in 2017, Cosmed received
    innovative technology designation from Vizient,
    Inc. for its K5 Wearable Metabolic System. The
    system comes with micro-dynamic mixing chamber or
    breath-by-breath gas exchange techniques,
    wireless connectivity, a standard USB port, and
    medical grade AC/DC power plug.
  • Moreover, portable VO2 max analysis devices have
    been introduced in the market by players such as
    VO2 Master. VO2 Master product VO2 Master Pro is
    a wearable VO2 analyzer with Bluetooth
    connectivity. AEI Technologies offers PC-based
    stress ECG system, which can turn any PC into an
    all-in-one cardiology system.
  • Furthermore, in October 2017, InBody Co., Ltd.
    launched InBody BAND 2 a fusion of body
    composition analyzers and fitness trackers.
    InBody BAND 2 is capable of measuring percent
    body fat, fat mass, muscle mass, sleep
    monitoring, heart rate monitoring, and fitness
    tracking. Therefore, launch of advanced metabolic
    testing devices is expected to significantly
    boost Metabolic Testing Market growth over the
    forecast period.

4
Figure 1. Global Metabolic Testing Market Share
(), By Product Type, 2018-2026
5
Figure 2. Global Metabolic Testing Market Share
() Analysis, By Region, 2026
6
Regulatory Scenario
  • Medical devices are classified into three
    categories Class 1, Class 2, and Class 3. This
    classification is risk-based, where risk posed by
    the device to the patient represents category of
    the medical device. For instance, class 1
    includes devices with lowest risk, class 2
    includes medium risks, whereas class 3 includes
    devices with the highest risk.
  • The U.S. Food and Drug Administration (FDA)
    classifies metabolic testing devices into class
    II of medical device classification system.
    According to the U.S. FDA, if a device is
    classified into either class II (Special
    Controls) or class III, it may be subject to
    additional controls. The U.S. FDA classifies a
    device into class II (special controls) in order
    to provide a reasonable assurance of safety and
    effectiveness of the device.

7
Market Opportunity
  • Technological advancements in healthcare IT
    sector has enabled effective integration of
    complex healthcare and IT systems. Technologies
    such as cloud computing, data analytics, big
    data, and patient monitoring are majorly being
    used in healthcare.
  • This trend (connected health) has affected
    metabolic testing devices as well, as
    manufacturers are introducing portable/wearable
    devices with advanced features such as Bluetooth
    connectivity, inbuilt ECG monitors, fitness
    trackers, and other such multiple features.
  • However, metabolic testing is still not a
    necessity beyond situational requirement and
    metabolic testing is yet to reach its full
    potential. In such scenario, connected and
    portable metabolic testing devices may play a
    major role in enhancing the accessibility of
    metabolic testing. Examples of such devices
    include, K5 Wearable Metabolic System
    (manufactured by Cosmed srl), InBody BAND 2
    (manufactured by InBody Co.,Ltd.), and VO2 Master
    Pro (manufactured by VO2 Master).

8
  • Metabolic testing device are medical devices used
    to screen organ functions and disease condition
    such as liver diseases, diabetes, kidney
    diseases, and cardiovascular diseases.
    Technologies involved in metabolic testing
    include VO2 Max analysis, RMR analysis, and body
    composition analysis. VO2 Max analysis includes
    bodys maximum rate of oxygen consumption that is
    measured during incremental exercise.
  • RMR analysis is resting metabolic rate analysis
    in which measurement of food and energy required
    to maintain basic body functions such as
    heartbeat, breathing, and maintenance of body
    heat is done. Body composition analysis consists
    of determination of ratio of different tissues of
    the body.
  • Metabolic testing is helpful in lifestyle disease
    management, performance testing for sports and
    fitness professionals, and in case of metabolic
    disorders such as diabetes. Products available in
    the market work on either of these technologies
    such as RMR, VO2 Max, and body consumption
    analysis. Commercially available products for
    metabolic testing include, ReeVue, Quark RMR
    w/CPET, Quark CPET, K5, and Ultima CardiO2.
  • The U.S Food and Drug Administration (FDA)
    controls and regulates the registration,
    approval, and monitoring of medical devices,
    including metabolic testing devices. These
    devices require 510 (k) premarket notification to
    be sold in the market. For instance, K5 wearable
    metabolic system has a 510 (k) premarket
    notification granted by the U.S. Food Drug
    Administration (FDA).

9
Market Drivers
  • 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.

10
Market Restraints
  • However, high cost of metabolic testing devices,
    preference to these devices under limited
    circumstances (sports performance testing and
    others), low penetration in emerging economies in
    regions such as Latin America, Asia Pacific, and
    Middle East are factors that are expected to
    restrain growth of the market.

11
Key Players
  • Key players operating in the metabolic testing
    market include, Cosmed srl, Vyaire Medical, Inc.,
    Geratherm Medical AG, MGC Diagnostics
    Corporation, Cortex Biophysik GmbH, General
    Electric Company, Microlife Medical Home
    Solutions, Inc., OSI Systems, Inc., AEI
    Technologies, Inc., and Korr Medical
    Technologies, Inc.

12
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  • Reference https//www.coherentmarketinsights.com
    /market-insight/metabolic-testing-market-1652

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
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14
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
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