Lactate Meter Market Size, Share, and Industry Report [2031]

Lactate Meter Market Size, Share, and Industry Report [2031]

Segments - 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 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Vishal Golekar

Upcoming | Report ID :HC-307 | 4.8 Rating | 82 Reviews | 152 Pages | Format : PDF Excel PPT

Report Description


The global lactate meter market was USD 141.3 million in 2022 and is likely to reach USD 299.5 million by 2031, expanding at a CAGR of 8.5% during 2023 – 2031. 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.

Lactate Meter Market Outlook

  • 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

2022

Historic Data

2016–2021

Forecast Period

2023–2031

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.

Lactate Meter Market Types

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.

Lactate Meter Market Region

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.

Lactate Meter Market Key Players

Table Of Content

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

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