Latin America Metabolic Testing Market By Product (CPET, Body Composition Analysis, ECG, Portable System), By Application (Critical Care, Lifestyle Diseases), By Technology (REE, Body Composition Analysis), By End User (Gym, Sports, Hospital) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
According to the Latin America Metabolic Testing Market Forecast Report, the market worth USD 20 million in 2016 and estimated to grow at a CAGR of 7%, to reach USD 27million by 2021. The Latin America Metabolic Testing market is developing at an exceptionally quick pace.
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Metabolism is a chemical reaction and physical process that involves maintenance of the living state, such as breathing, blood circulation, contraction of muscles, digestion of food and nutrients, elimination of wastes such as urine, controlling body temperature, and functioning of brain and nerves of the organism. It is a pathway that begins with a sequence of chemical reactions with a specific molecule and ends with a product with the help of specific enzyme.
Enzymes are vital to metabolism as they allow the organism to drive reactions for required energy. It is divided into two categories, i.e.
catabolism and anabolism. A comprehensive metabolic panel is a blood test that measures your sugar (glucose) level, electrolyte and fluid balance, kidney function, and liver function.
The significant driver is rising prevalence of lifestyle based diseases coupled with increasing geriatric population with high susceptibility towards developing chronic diseases such as cancer and kidney disorders. Also surge in technological advancements such as the introduction of digital metabolic rate testing equipment and rapidly increasing healthcare expenditure levels in developed and developing nations is boosting the industry.
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The Latin America Metabolic Testing Market Segmentation is on the basis of product, application, technology, End user and region. Based on product, the market is segmented into CPET, Body Composition Analysis, ECG, Software and Portable System.
Based on application, the market is segmented into critical care, dysmetabolic syndrome X, human performance testing, lifestyle diseases and other metabolic disorders. Based on technology the market is segmented into RMR analysis, VO2 max analysis and body composition analysis.
The VO2 max analysis segment attributes the largest share of the market. It directly measures the body oxygen consumption, which other tests try to estimate.
Based on End user, the market is segmented into laboratories, hospitals, gyms and sports training centers.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The rising focus of key players on enhancing their market presence across the globe is estimated to encourage the growth of the market in the Latin America regions.
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Latin America Metabolic Testing Market Leaders are, Geratherm Medical AG (Germany), General Electric Company (U.S.), OSI Systems, Inc. (U.S.), CareFusion Corporation (U.S.), MGC Diagnostics Corporation (U.S.), COSMED (Italy), CORTEX Biophysik GmbH (Germany), KORR Medical Technologies, Inc. (U.S.), AEI Technologies, Inc. (U.S.), Parvo Medics (U.S.), and Microlife Medical Home Solutions, Inc. (U.S.).
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