Indirect calorimeter is a type of medical device used to measure the human body’s heat. This is a non-invasive and extremely sensitive device that accurately measure the energy expenditure of human body. They are mostly used at fitness labs and healthcare facilities to analyze metabolic processes. The indirect calorimeters are utilized in different areas like nutrient assimilation, obesity pathogenesis and nutritional assessment. Presently, portable and standalone are two kinds of indirect calorimeters available in the market. Majorly devices are utilized is in hospitals, research centers, diagnostic centers, and others such as sports centers.
The study analysis,’ Global Indirect Calorimeter Market to reach USD XXX million by 2026’ Key players operating in the global indirect calorimeter market include Cosmed Srl, MGC Diagnostics, Microlife USA Inc., Pacific Medico Co. Ltd., Korr Medical Technologies Inc., Maastricht Instruments BV, Vyaire Medical Inc., Parvo Medics and GE Healthcare. These industry players are implementing different strategic initiatives which includes mergers, acquisitions, collaborations, product launches that enable them to go through competition and collect higher market share. These companies have entrenched themselves in the market and enjoy brand loyalty among customers. They have various product offerings and large distribution systems across the globe. Further, entry of small players is high, especially in revealing regions of the market, like Asia.
In terms of geography, global Indirect Calorimeter market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is accounted as largest region across the globe with regards to market share due to increased number of obese populations, together with the presence of better healthcare infrastructure in the country. Whereas, Asia-Pacific is expected to exhibit highest growth throughout the forecast amount, because of the large patient population with bad controlled symptoms, along with rise in healthcare expenditure in the region. The detailed segments and sub-segment of the market are explained below By Type into Standalone and Portable. By End-User into Hospital (Critical Care), Diagnostic Centers, Research Institutes and Others.
However, the outbreak of COVID-19 and the implementation of strong actions on movement of people, goods & services by the government have a short-term impact on the indirect calorimeter industry thus, affecting the production and supply chain. Therefore, the market will grow at low rate in the recent year. Raising cases of obesity, increasing number of illness in neonatal and pediatric patients, and technological development in indirect calorimeter are the few factors responsible for high CAGR of the market over the forecast period. According to the World Health Organization (WHO), in 2018, the rate of obesity cases has nearly tripled from 1975. Also, as per WHO 2018 report on Obesity and Overweight estimated that over 1.9 billion adults (18 years and older) were overweight in 2018, of which, more than 650 million were obese. This accounts for almost 39% of adults who were overweight and 13% who were obese around the world. This factor would boost the demand for indirect calorimeter around the world. Additionally, high cost of devices and stringent regulatory norms for product approval are some factors hindering the market expansion during the forecast amount.
Moreover, technological development in indirect calorimeter will be beneficial for market expansion throughout the forecast amount. Also, this advanced indirect calorimeter is utilized for measuring the amount of heat generated and energy spent by calculating gas exchange, oxygen inhaled and carbon-di-oxide exhaled. Further, these devices are reliable, sensitive, accurate and non-invasive used for analyzing metabolic process. Thus, technologically advanced indirect calorimeters help in giving efficient analysis will rise its preference amongst healthcare facilities in coming years.
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Ankur Gupta, Head Marketing & Communications