Global Indirect Calorimeter Market Insights
An indirect calorimeter is a non-invasive and accurate device that is used to measure the energy expenditure in living organisms. It is a device that measures the metabolism from gas exchange measurements, mainly oxygen and carbon dioxide. It provides unique information and can be combined with other experiments to calculate various aspects of nutrient assimilation and the pathogenesis of metabolic diseases.
On the back of intense technological developments, expansion of the indirect calorimeter market size is expected to get a noteworthy boost. The COVID-19 pandemic is also having a positive impact on the market, due to increasing demand, especially portable indirect calorimeters, owing to their convenience factor.
Indirect Calorimeter Market Insights by Product Type
The indirect calorimeter market is mainly segmented into two product types - standalone and portable indirect calorimeters. The standalone indirect calorimeters segment accounts for over 60% of the global market, owing to a rise in demand from hospitals, especially critical care units.
On the other hand, the portable indirect calorimeters segment is forecast to experience higher growth because of their convenience factor, i.e. easy operability and less cost. Furthermore, developments in technology in portable indirect calorimeters are predicted to boost the segment during the period of forecast, making this an opportunistic pocket.
Indirect Calorimeter Market Insights by End User
Indirect calorimeters have various end users such as hospitals (critical care units), diagnostic centers, research institutes, and others - sports centers, etc. Hospitals account for a leading position (over 35%) in the market when it comes to demand, due to the increasing need of indirect calorimeters in critical care units. This is also the fastest growing segment in the indirect calorimeter market. Based on recent interests in research & development related to indirect calorimeters, research institutes also comprise a considerable position in the market space.
Regional Outlook of Indirect Calorimeter Market
The indirect calorimeter is segmented on the following regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is the dominant region that occupies over 40% of the global indirect calorimeter market share, based on factors such as favorable reimbursement policies and increased cases of patients suffering from underlying disorders such as cancer and acute diseases like sepsis and multiple trauma that are associated with large inaccuracies in estimation of energy needs.
These factors act as strong drivers for the market in this region. Europe occupies most of the market after North America, at 30% share. The indirect calorimeter market in the Asia Pacific region is likely to witness significant growth due to an increase in the population and rising number of patients in the region.
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Indirect Calorimeter Market: Key Players
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.
These key players have adopted various strategies such as collaboration with healthcare institutes for the research & development of products, facilitating advanced technologies and increased competition in the market.
The Analyst’s Viewpoint
“Key players should invest in the research & development of indirect calorimeters in order to come up with advanced technologies, which could prove to be a crucial driver for the market, besides allowing them to gain more profits”.
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COVID-19 Impact on Indirect Calorimeter Market
The COVID-19 disease caused by SARS CoV-2 coronavirus has had a significant negative impact, globally, from a business standpoint. However, this has not been the case for the indirect calorimeter market. The foremost reason being, increase in the number of patients overall, globally. Furthermore, due to the threat caused by the pandemic, there has been considerable increase in the demand for these products, especially for use in critical care units at hospitals, worldwide. Research institutes have also shown steady demand, owing to advancement in technologies related to indirect calorimeters.
Indirect Calorimeter Market: About the Report
Fact.MR published an exclusive forecast report on the indirect calorimeter market for 2020 and 2030. The foremost objective of this report on the indirect calorimeter market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the indirect calorimeter market. Also, the study addresses key dynamics that are expected to diversify the sales and future prominence of indirect calorimeters.
The report on the indirect calorimeter market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the indirect calorimeter market, elaborating on key segments.
Also, the report outlines visionary insights on the dynamics of the indirect calorimeter market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for indirect calorimeters. Supply chain analysis and pricing analysis of the indirect calorimeter market, along with the difference between indirect calorimeters used as per application have also been included in the report, to help readers clearly understand the product framework map in the indirect calorimeter market.
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Indirect Calorimeter Market Segmentation
Fact.MR has studied the indirect calorimeter market with detailed segmentation on the basis of type, end user, and key regions.
- Standalone Indirect Calorimeters
- Portable Indirect Calorimeters
- Hospitals (Critical Care Units)
- Research Institutes
- Diagnostic Centers
- Others (Sports Centers)
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
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