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.
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 |
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.
The global lactate meter market segmented on the basis of
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.
The global lactate meter market segmented on the basis of
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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