According to the study, soaring demand of standalone indirect calorimeter market in intensive care units will assist the growth. Scientific improvement in indirect calorimeter will provide a lucrative opportunity for market expansion. High precision capabilities of indirect calorimeter in the treatment and diagnosis of diseases like cancer, sepsis, and multiple traumas will positively impact the market growth.
An indirect calorimeter is a precise and non-invasive tool for measuring how much energy is utilised by living things. It is a device that analyses gas exchange data, mostly oxygen and carbon dioxide, to calculate metabolic rate. Calculating several aspects of nutrient assimilation and the aetiology of metabolic illnesses is made possible by the unique information it offers and the way it may be coupled with other tests.
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“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 pioneers
The indirect calorimeter market is moderately consolidated in nature. It has several key players operating in the market, out of which, leading companies are COSMED, MGC Diagnostics, and KORR medical. These companies have sound product portfolios, business strategies, and recent developments. Other players in the market are Microlife USA, Vyaire Medical, GE healthcare, Maastricht Instruments BV, Parvo Medics, and Pacific Medico.
Recent Developments
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 Statistics Supporting the Surge
- 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.
Market Drivers:
- Increasing demand for indirect calorimeters from the critical care units at hospitals is expected to propel the market over the forthcoming years.
- Increasing demand for standalone indirect calorimeters from hospitals is expected to aid the growth in the market.
- Rising number of patients with acute illnesses such as cancer is likely to drive the market.
Market Structure
Fact.MR has studied the indirect calorimeter market with detailed segmentation on the basis of type, end user, and key regions.
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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