Fact.MR – A Market Research and Competitive Intelligence Provider: The global indirect calorimeter market is expected to grow at a moderate pace during the forecast period between 2020 to 2030.
Standalone Indirect Calorimeters to Contribute Over 60% Sales in Indirect Calorimeter Market
Fact.MR provides an in-depth analysis of the global indirect calorimeter market in its latest study. The study includes the future estimations and current trends of the market to explore various investment pockets. Besides, it offers elaborate information across leading segments in terms of type, end-user, and regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global indirect calorimeter market is expected to grow at a moderate pace during the forecast period between 2020 to 2030. Rapid technological advancement across the globe is anticipated to drive the global market revenue growth.
An indirect calorimeter is a non-invasive device that measures heat in living organisms. It is often combined with other experimental methods to explore various aspects of thermogenesis and nutrient assimilation.
Hence, the device is extensively utilized to investigate the pathogenesis of metabolic diseases and the energetics of physical exercise. It has influenced everyday practices of surgical and medical care, including the weaning of patients from ventilators.
Owing to these advantages, research & development activities revolving around indirect calorimeters is expected to increase at a fast pace in the near future.
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In addition, demand for portable indirect calorimeters is anticipated to surge across the globe as these are cost-effective and easy to operate. These also provide informative insights and accurate measurements. Hence, key players are expected to introduce new portable devices with advanced features in the upcoming years.
Further, increasing cases of multiple trauma, sepsis, and cancer are likely to propel the demand for indirect calorimeters in North America. According to the Cancer Atlas, in 2018, approximately 693,000 cancer deaths and 1.9 million new cancer cases were estimated to have occurred in North America.
As per Fact.MR, as cancer is often associated with inaccurate estimations of energy needs, need for indirect calorimeters is set to surge with increasing incidence of cancer patients.
“Increasing demand for indirect calorimeters from hospitals across the globe is anticipated to drive this market in the near future. In addition to this, rising research work by key players to develop innovative devices will continue augmenting the growth in the market through 2030,” says a Fact.MR analyst.
Key Takeaways:
- Based on product type, the standalone indirect calorimeters segment is expected to hold over 60% of the market share.
- In terms of end-user, the hospitals segment is anticipated to lead with a share of 35% over the forthcoming years.
- By region, North America accounts for 40% of the global market share and is expected to remain at the forefront.
- Followed by North America, Europe is expected to remain in the second position by generating 30% market share.
Growth Drivers:
- Increasing demand for indirect calorimeters from the critical care units at hospitals is expected to propel the market over the forthcoming years.
- Rising number of patients with acute illnesses such as cancer is likely to drive the market.
- Increasing demand for standalone indirect calorimeters from hospitals is expected to aid the growth in the market.
Restraints:
- Lower user-friendliness and high acquisition cost are likely to limit the growth in the market.
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Competitive Landscape
The market for indirect calorimeters is moderately consolidated with various key players, estimates Fact.MR. Most of these players are focusing on mergers & acquisitions, as well as new product launches to compete with their rivals.
Meanwhile, some other players are aiming to join hands with healthcare institutions to conduct exhaustive research & development activities.
For instance,
- February 2020: COSMED, an Italian manufacturer of diagnostic medical devices, bagged clearance from the U.S. Food and Drug Administration (FDA) for Q-NRG+ and Q-NRG. This metabolic monitoring device uses the indirect calorimetry technology for measuring Resting Energy Expenditure (REE) in patients.
- March 2018: Verita Healthcare Group Limited, an integrated healthcare company headquartered in Singapore, invested in Metabolic Health Solutions Pty Ltd. The latter is a provider of precision metabolic medicine. This investment is expected to help Verita in complementing its state-of-the-art healthcare services.
Key Players in the Indirect Calorimeter Market Include:
- COSMED
- MGC Diagnostics
- KORR Medical
- Microlife USA
- Vyaire Medical
- GE Healthcare
- Maastricht Instruments BV
- Parvo Medics
- Pacific Medico
More Valuable Insights on Indirect Calorimeter Market
Fact.MR provides an unbiased analysis of the indirect calorimeter market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the global indirect calorimeter market with a detailed segmentation on the basis of:
Type
- Standalone Indirect Calorimeters
- Portable Indirect Calorimeters
End-user
- Hospitals (Critical Care Units)
- Research Institutes
- Diagnostic Centers
- Others (Sports Centers)
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Covered in Indirect Calorimeter Market Report
- The report offers insight into the indirect calorimeter market demand outlook for 2020-2030.
- The market study also highlights projected sales growth for indirect calorimeter market between 2020 and 2030.
- Indirect calorimeter market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Indirect calorimeter market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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