Global metabolic testing market is estimated to be valued at USD 726.2 Mn in 2024 and is expected to reach USD 1,188.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 726.2 Mn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.30% |
2031 Value Projection: |
US$ 1,188.2 Mn |
Figure. Metabolic Testing Market Share (%), By Region, 2024
Global metabolic testing market has been witnessing growth over the past few years, owing to rising prevalence of metabolic disorders worldwide. Metabolic testing helps in measuring and evaluating various biochemical and physiological processes that occur in the body. It aids in detecting metabolic deficiencies, syndromes, and other abnormalities, which is crucial for effective diagnosis and treatment of metabolic diseases. With growing health awareness and increasing focus on preventive healthcare, demand for metabolic testing services has increased substantially.
Market Dynamics:
The primary growth drivers for the global metabolic testing market include rising incidence of obesity, diabetes, and other metabolic disorders stemming from sedentary lifestyle and unhealthy dietary habits. According to WHO, chronic diseases such as cardiovascular diseases, cancer and diabetes caused over 70% of all deaths globally in 2020. Early detection through metabolic testing can aid in better management of metabolic conditions. Furthermore, increasing funding for R&D activities related to development of novel and efficient metabolic testing solutions can drive the market growth over the forecast period. However, high costs associated with advanced metabolic testing procedures may hamper its wider adoption. Growing awareness about benefits of preventive healthcare offer new opportunities for market players.
Key Features of the Study:
- This report provides an in-depth analysis of the global metabolic testing market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global metabolic testing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this includes COSMED srl, Vyaire Medical, Inc., Geratherm Medical AG, MGC Diagnostics Corporation, CORTEX Biophysik GmbH, Microlife Medical Home Solutions, Inc., OSI Systems, Inc., AEI Technologies, Inc., KORR Medical Technologies, Inc., Iworx Systems, GE Healthcare, Hologic, Inc, Koninklijke Philips N.V.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global metabolic testing market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global metabolic testing market.
Detailed Segmentation-
- By Product Type:
- Metabolic Carts
- Body Composition Analyzers
- ECGs/EKGs
- By Test Type:
- VO2 Max Analysis
- RMR Analysis
- Body Composition Analysis
- By End User:
- Hospitals and Clinics
- Sports Performance Lab
- Home Care Settings
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- COSMED srl
- Vyaire Medical, Inc.
- Geratherm Medical AG
- MGC Diagnostics Corporation
- CORTEX Biophysik GmbH
- Microlife Medical Home Solutions, Inc.
- OSI Systems, Inc.
- AEI Technologies, Inc.
- KORR Medical Technologies, Inc.
- Iworx Systems
- GE Healthcare
- Hologic, Inc
- Koninklijke Philips N.V.