Lactate Meter Market by Types (Chargeable Lactate Meters and, Battery Operated Lactate Meters), Applications (Medical and Sports Training), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global lactate meter market is expected to register a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising prevalence of diabetes and increasing inclination toward fitness activities.
Blood lactate analyzers or blood lactate testing equipment are machines that test lactate levels in blood. A blood lactate analyzer is used as a symptomatic instrument. High lactate levels can be observed due to shock, anemia, malignancy, and diabetes. The measurement of lactate levels can show the outcome or effectiveness of exercise in the body. Moreover, it can provide crucial information about the progression of the condition and the effectiveness of the treatment on the body.
Market Drivers, Restraints, Trends, and Opportunities:
- Rising number of geriatric population in the developed and emerging economies is anticipated to propel the market growth during the forecast period.
- Growing concerns related to cholesterol level, weight loss, and sugar level among health-conscious people is acting as a major factor that can boost the market in the coming years.
- Integration of advanced technology that can help the incorporation of the lactate meter data on the smartphone and reveal data about pulse and glucose level and skin temperature.
- Features of lactate meters such as cost-effectiveness and durability is speculated to propel the market growth.
- Increasing concerns related to fitness among sports athletes and rising participation of people in sport activities are anticipated to boost the market growth in the projected timeline.
- The market growth between 2019 and 2020 had been affected due to the adverse impact of the COVID-19 pandemic and the trend is expected to continue till mid-2021. This is due to the imposition of lockdown, which led to the disruption in the manufacturing industry and deranged supply chain activities.
- Lack of awareness about lactate maters in low and middle-level countries can impede the market growth.
- Growing investment in the R&D activities to innovative lactate meter devices is projected to offer key opportunities for the industry players in the foreseeable future.
Scope of the Report
The report on the global lactate meter market of trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Lactate Meter Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Chargeable Lactate Meters and, Battery Operated Lactate Meters), Applications (Medical and Sports Training) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Nova Biomedical EKF Diagnostics Holdings, Jorgensen Labs, Woodley Equipment, ApexBio, Arkray, BST Bio Sensor Technology, Medications Tronik, Sensa Core Medical Instrumentation, and TaiDoc Technology |
The Global Lactate Meter Market Segment Insight:
On the basis of types, the market is divided into chargeable lactate meters and battery-operated lactate meters. The battery-operated lactate meter segment is speculated to capture a large market share during the forecast period owing to increasing demand for large storage lactate meter from medium- and large-scale industries. However, the chargeable lactate meters the segment is estimated to witness considerable growth due to the wide adoption of the chargeable lactate meters in various applications.
Based on applications, the global lactate meter market is segmented into medical and sports training. The sport training segment is anticipated to constitute a major share of the market during the analysis period owing to growing demand for lactate meters among sports institution. Growing inclination towards fitness related activities is driving the growth of the market segment. Moreover, increasing number of people focusing on technicalities of exercises is fostering the segment growth. On the other hand, the medical segment is anticipated to exhibit a high CAGR owing to rising prevalence of chronic diseases across the globe.
In terms of regions, the market is categorised as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to expand at a high CAGR throughout the forecast period. Increasing awareness about lactate meter in the sports institutions and rapid growth in the healthcare sector are spurring the growth of the market in this region. Conversely, North America held a significant position in the market in 2020 owing to early adoption of latest technologies and presence of major industry players in countries such as the US and China.
Segments
The global lactate meter market segmented on the basis of
Types
- Chargeable Lactate Meters
- Battery Operated Lactate Meters
Applications
- Medical
- Sports Training
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Key players in the global lactate meter market are Nova Biomedical EKF Diagnostics Holdings, Jorgensen Labs, Woodley Equipment, ApexBio, Arkray, BST Bio Sensor Technology, Medications Tronik, Sensa Core Medical Instrumentation, and TaiDoc Technology.
Some of these companies are engaging in creative strategies such as expanding their product portfolio, partnerships, and collaborations to expand their market share.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lactate Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lactate Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lactate Meter Market - Supply Chain
4.5. Global Lactate Meter Market Forecast
4.5.1. Lactate Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lactate Meter Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Lactate Meter Market Absolute $ Opportunity
5. Global Lactate Meter Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Lactate Meter Market Size and Volume Forecast by Types
5.3.1. Chargeable Lactate Meters
5.3.2. Battery Operated Lactate Meters
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Lactate Meter Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Lactate Meter Market Size and Volume Forecast by Applications
6.3.1. Medical
6.3.2. Sports Training
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Lactate Meter Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Lactate Meter Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Lactate Meter Demand Share Forecast, 2019-2026
8. North America Lactate Meter Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Lactate Meter Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Lactate Meter Market Size and Volume Forecast by Types
8.4.1. Chargeable Lactate Meters
8.4.2. Battery Operated Lactate Meters
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Lactate Meter Market Size and Volume Forecast by Applications
8.7.1. Medical
8.7.2. Sports Training
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Lactate Meter Demand Share Forecast, 2019-2026
9. Latin America Lactate Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Lactate Meter Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Lactate Meter Market Size and Volume Forecast by Types
9.4.1. Chargeable Lactate Meters
9.4.2. Battery Operated Lactate Meters
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Lactate Meter Market Size and Volume Forecast by Applications
9.7.1. Medical
9.7.2. Sports Training
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Lactate Meter Demand Share Forecast, 2019-2026
10. Europe Lactate Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Lactate Meter Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Lactate Meter Market Size and Volume Forecast by Types
10.4.1. Chargeable Lactate Meters
10.4.2. Battery Operated Lactate Meters
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Lactate Meter Market Size and Volume Forecast by Applications
10.7.1. Medical
10.7.2. Sports Training
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Lactate Meter Demand Share Forecast, 2019-2026
11. Asia Pacific Lactate Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Lactate Meter Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Lactate Meter Market Size and Volume Forecast by Types
11.4.1. Chargeable Lactate Meters
11.4.2. Battery Operated Lactate Meters
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Lactate Meter Market Size and Volume Forecast by Applications
11.7.1. Medical
11.7.2. Sports Training
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Lactate Meter Demand Share Forecast, 2019-2026
12. Middle East & Africa Lactate Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Lactate Meter Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Lactate Meter Market Size and Volume Forecast by Types
12.4.1. Chargeable Lactate Meters
12.4.2. Battery Operated Lactate Meters
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Lactate Meter Market Size and Volume Forecast by Applications
12.7.1. Medical
12.7.2. Sports Training
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Lactate Meter Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Lactate Meter Market: Market Share Analysis
13.2. Lactate Meter Distributors and Customers
13.3. Lactate Meter Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Nova Biomedical EKF Diagnostics Holdings
13.4.2. Jorgensen Labs
13.4.3. Woodley Equipment
13.4.4. ApexBio
13.4.5. Arkray
13.4.6. BST Bio Sensor Technology
13.4.7. Medications Tronik
13.4.8. Sensa Core Medical Instrumentation
13.4.9. TaiDoc Technology
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lactate Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lactate Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lactate Meter Market - Supply Chain
4.5. Global Lactate Meter Market Forecast
4.5.1. Lactate Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lactate Meter Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Lactate Meter Market Absolute $ Opportunity
5. Global Lactate Meter Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Lactate Meter Market Size and Volume Forecast by Types
5.3.1. Chargeable Lactate Meters
5.3.2. Battery Operated Lactate Meters
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Lactate Meter Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Lactate Meter Market Size and Volume Forecast by Applications
6.3.1. Medical
6.3.2. Sports Training
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Lactate Meter Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Lactate Meter Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Lactate Meter Demand Share Forecast, 2019-2026
8. North America Lactate Meter Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Lactate Meter Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Lactate Meter Market Size and Volume Forecast by Types
8.4.1. Chargeable Lactate Meters
8.4.2. Battery Operated Lactate Meters
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Lactate Meter Market Size and Volume Forecast by Applications
8.7.1. Medical
8.7.2. Sports Training
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Lactate Meter Demand Share Forecast, 2019-2026
9. Latin America Lactate Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Lactate Meter Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Lactate Meter Market Size and Volume Forecast by Types
9.4.1. Chargeable Lactate Meters
9.4.2. Battery Operated Lactate Meters
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Lactate Meter Market Size and Volume Forecast by Applications
9.7.1. Medical
9.7.2. Sports Training
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Lactate Meter Demand Share Forecast, 2019-2026
10. Europe Lactate Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Lactate Meter Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Lactate Meter Market Size and Volume Forecast by Types
10.4.1. Chargeable Lactate Meters
10.4.2. Battery Operated Lactate Meters
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Lactate Meter Market Size and Volume Forecast by Applications
10.7.1. Medical
10.7.2. Sports Training
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Lactate Meter Demand Share Forecast, 2019-2026
11. Asia Pacific Lactate Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Lactate Meter Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Lactate Meter Market Size and Volume Forecast by Types
11.4.1. Chargeable Lactate Meters
11.4.2. Battery Operated Lactate Meters
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Lactate Meter Market Size and Volume Forecast by Applications
11.7.1. Medical
11.7.2. Sports Training
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Lactate Meter Demand Share Forecast, 2019-2026
12. Middle East & Africa Lactate Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Lactate Meter Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Lactate Meter Market Size and Volume Forecast by Types
12.4.1. Chargeable Lactate Meters
12.4.2. Battery Operated Lactate Meters
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Lactate Meter Market Size and Volume Forecast by Applications
12.7.1. Medical
12.7.2. Sports Training
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Lactate Meter Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Lactate Meter Market: Market Share Analysis
13.2. Lactate Meter Distributors and Customers
13.3. Lactate Meter Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Nova Biomedical EKF Diagnostics Holdings
13.4.2. Jorgensen Labs
13.4.3. Woodley Equipment
13.4.4. ApexBio
13.4.5. Arkray
13.4.6. BST Bio Sensor Technology
13.4.7. Medications Tronik
13.4.8. Sensa Core Medical Instrumentation
13.4.9. TaiDoc Technology
The global lactate meter market segmented on the basis of
Types
- Chargeable Lactate Meters
- Battery Operated Lactate Meters
Applications
- Medical
- Sports Training
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players in the global lactate meter market are Nova Biomedical EKF Diagnostics Holdings, Jorgensen Labs, Woodley Equipment, ApexBio, Arkray, BST Bio Sensor Technology, Medications Tronik, Sensa Core Medical Instrumentation, and TaiDoc Technology.
Some of these companies are engaging in creative strategies such as expanding their product portfolio, partnerships, and collaborations to expand their market share.
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