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Sales Analysis of Indirect Calorimeter Market

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Devanand Patil
Sales Analysis of Indirect Calorimeter Market

According to the research authors at the Transparency Market Research, the global indirect calorimeter market was evaluated at US$ 39.01 million in the base year i.e. 2017. They project that the global indirect calorimeter market will grow at a stellar CAGR of 4 % over the forecast period of 2018 to 2026 and reach the evaluation of US$ 55.36 million by the end of the forecast period i.e. 2026. An indirect calorimeter is a medical device that is utilized to measure the heat in the human’s body. It is a highly sensitive and non-invasive device that can accurately measure the energy expenditure in a human body. Some of the key areas of application for the products in the global indirect calorimeter market include nutrient assimilation, obesity pathogenesis, and nutritional assessment. They are also used in pathogenesis of various metabolic diseases such as diabetes. These application areas are expected to motivate high growth opportunities in the global indirect calorimeter market in coming years.

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Rising Usage in ICUs in Hospitals Stimulates Growth in Indirect Calorimeter Market

Segments in the global indirect calorimeter market by type of the product include portable and standalone. Cost effective nature of the portable indirect calorimeters is providing exponential growth opportunities for the vendors in the global indirect calorimeter market. However, wide adoption in ICUs in hospitals as well as high cost of standalone devices is anticipated to offer standalone segment in the global indirect calorimeter market the leading share over the forecast period of 2018 to 2026. End users for the products in the global indirect calorimeter market include hospitals for critical care, research institutes, diagnostic centers, and sports centers, among others. Rising usage and acceptance of indirect calorimeters in intensive care units in the hospitals as well as rising awareness regarding the benefits of using these devices are propelling the growth in the global indirect calorimeter market.

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Europe and North America Dominate the Indirect Calorimeter Market

Key geographical regions covered in the research study on the global indirect calorimeter market include Europe (including Germany, Italy, Spain, the United Kingdom, France, and rest of the Europe), Latin America (including Mexico, Brazil, and rest of the Latin America), North America (including Canada, the United States, and rest of the North America), Middle East and Africa (including South Africa, Gulf cooperation Council countries, and rest of the Middle East and Africa), and Asia Pacific (including China, Australia, India, Japan, New Zealand, and rest of the Asia Pacific). Europe and North America regions dominated the global indirect calorimeter market in recent past. This trend can be attributed to high prevalence of obesity, favorable reimbursement policies, increase in government initiatives that mandate the utilization of calorimeters to assess consumers’ nutritional requirements, and rise in the product awareness in both the regions. Furthermore, rising disposable income, massive patient population with meagerly controlled symptoms, and increasing healthcare expenditure are expected to create numerous attractive opportunities in the global indirect calorimeter market in Asia Pacific in coming years.

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Players in Indirect Calorimeter Market Focused on R&D and Strategic Partnerships

Major incumbent players assessed in the market analysis of global indirect calorimeter market include MGC Diagnostics, Pacific Medico, Masstricht Instruments BV, Vyaire Medical, COSMED SRL, Parvo Medics, Microlife USA, Korr Medical Technologies, and GE Healthcare. Vendors and manufacturers in the global indirect calorimeter market are pooling their resources to focus on research and development activities. They are increasing their investments in R & D activities in order to develop and advance their product technologies. Some of the key strategies employed by the players in the global indirect calorimeter market include mergers and acquisitions, partnerships, as well as new product launches. For example, Baxter and COSMED SRL partnered with each other to introduce a new and modern indirect calorimetry device known as ‘Q-NRG+’.

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