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Market Overview of Global Indirect Calorimeter market:
According to our latest research, the global Indirect Calorimeter market looks promising in the next 5 years. As of 2022, the global Indirect Calorimeter market was estimated at USD 28.78 million, and it's anticipated to reach USD 37.38 million in 2028, with a CAGR of 4.45% during the forecast years.
Indirect calorimeter is a measuring instrument. Indirect calorimetry calculates heat that living organisms produce by measuring either their production of carbon dioxide and nitrogen waste, or from their consumption of oxygen.
Market Opportunities
With the technological advancement of portable indirect calorimeters and their cost-effectiveness and ease of operation, indirect calorimeters are increasingly used in sports and fitness. In addition, due to the increase in the use of indirect calorimeters in intensive care units, it is expected that the increasing demand for downstream applications will provide important development opportunities for the global indirect calorimeter market.
From a regional perspective, North America and Europe will account for the majority of the global market in 2019. The growing focus on preventive patient care, coupled with the rapid adoption of modern health monitoring tools, has led North America to a leading market position. With the high prevalence of obesity, increased awareness of health monitoring, preferential reimbursement policies, and increased government initiatives requiring the use of indirect calorimeters to assess nutritional demand are expected to drive demand for indirect calorimeters.
What's more, during the forecast period, the Asia-Pacific region has advantages in raw material and labor costs, leading to a large number of manufacturing shifts to the Asia-Pacific region. As the Asia-Pacific region continues to grow, for example, increased disposable income, increased health awareness, and increased healthcare spending, this will provide development opportunities for the region's markets.
Market Risk
Due to certain inhibitory factors of indirect calorimetry, it will limit the global indirect calorimeter market growth. For example, indirect calorimeter instruments do not provide information about the amount of calories a person needs to perform normal metabolic functions.
Traditionally caloric requirements are assessed using predictive equations, based on factors including weight, height, gender and age, which often result in inaccurate measurements and could lead to overfeeding or underfeeding. When a patient's metabolism is abnormal or abnormal, these devices are bound to provide inaccurate and misleading data.
The fluctuation of raw material prices and rising labor prices will affect the development of the industry to a certain extent.
In addition, indirect calorimeters are usually very expensive, and consumers with relatively weak consumption power will abandon the consumption of the product. These factors may hinder the growth of the global indirect calorimeters market over the forecast period.
Region Overview:
North America is projected to account for a considerable share of the Indirect Calorimeter market and is expected to become the largest region by 2028.
Company Overview:
MGC Diagnostics is one of the major players operating in the Indirect Calorimeter market, holding a share of 25.36% in 2023.
MGC Diagnostics
MGC Diagnostics Corporation operates as a medical technology company. The Company specializes in developing, manufacturing, and marketing non-invasive diagnostic systems for the detection, classification, and management of cardiorespiratory disease. MGC Diagnostics serves customers worldwide.
COSMED
Established in 1980, COSMED is a private company that designs and manufactures diagnostic equipment for cardiac lungs and metabolism. COSMED solutions address the needs of the medical, academic, and industry markets to assess human metabolism, exercise physiology, lung function, and body composition for clinical and research purposes. COSMED products include various spirometers, indirect calorimeter, cardiopulmonary exercise testing, and body composition systems including software.
Segmentation Overview:
By type, Non-portable segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Medical segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Indirect Calorimeter market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Indirect Calorimeter Market Report:
Market Size Estimates: Indirect Calorimeter market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Indirect Calorimeter market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Indirect Calorimeter market
Segment Market Analysis: Indirect Calorimeter market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Indirect Calorimeter market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Indirect Calorimeter Market: Revenue and sales volume of major countries in each region
Indirect Calorimeter Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Indirect Calorimeter market in major regions.
Indirect Calorimeter Industry Value Chain: Indirect Calorimeter market raw materials & suppliers, manufacturing process, distributors, downstream customers
Indirect Calorimeter Industry News, Policies & Regulations
Key players in the global Indirect Calorimeter market are covered in Chapter 12:
COSMED
KORR Medical Technologies
Microlife
MGC Diagnostics
Maastricht Instruments
Vyaire Medical
In Chapter 2 and Chapter 15.1, based on types, the Indirect Calorimeter market from 2018 to 2028 is primarily split into:
Portable
Non-portable
In Chapter 3 and Chapter 15.2, based on applications, the Indirect Calorimeter market from 2018 to 2028 covers:
Medical
Sports & Fitness
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Indirect Calorimeter market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028