Metabolic Testing Market Analysis | CMI

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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).

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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.

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Figure 1. Global Metabolic Testing Market Share
(), By Product Type, 2018-2026
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Figure 2. Global Metabolic Testing Market Share
() Analysis, By Region, 2026
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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.

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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).

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• 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).

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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.

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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.

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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.

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