Market Overview:
The global handheld lactate analyzers market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, anemia, and trauma across the globe. Additionally, rising awareness about early diagnosis and treatment of various diseases is also propelling the growth of this market. Based on type, the global handheld lactate analyzers market can be segmented into blood lactate analyzers and glucose lactate analyzer. The blood lactate analyzers segment is expected to account for a larger share of the global handheld lactateanalyzers market in 2018 owing to its growing demand for early diagnosis and treatment of various diseases such as diabetes, anemia, hyperthermia, and trauma. Among these applications segments, DM held majority share in 2017 due high prevalence rateof DM globally coupled with increasing adoption ratesof point-of-care diagnostics devices for early detection & treatment purposes .
Product Definition:
A handheld lactate analyzer is a device that measures the level of lactic acid in the blood. Lactic acid is produced when the body breaks down glucose for energy. The level of lactic acid in the blood can be an indicator of how well the body is using its energy resources. A handheld lactate analyzer can be used to monitor how well an athlete is performing or to help diagnose medical conditions that affect energy production.
Blood Lactate Analyzers:
Blood lactate analyzers are medical devices used to measure blood lactate levels in patients. The rising prevalence of sports-related injuries and the increasing number of road accidents worldwide have led to a rise in demand for blood lactate analyzers, which is expected to drive market growth over the forecast period.
Glucose Lactate Analyzer:
Glucose lactate is a type of sugar that is found in the milk of various animals. It gets converted into lactic acid by the bacteria in the gut and this process helps maintain gut health. The amount of glucose lactate present in an individual can be used to determine how much lactic acid an individual should have in their body.
Application Insights:
The others segment includes critical care, diabetes, trauma and hyperthermia. The others segment dominated the global handheld lactate analyzers market in 2017 owing to a rise in demand for lactate testing due to its growing prevalence as a marker of metabolic acidosis. Metabolic acidosis is an abnormal condition wherein there is an increase in the pH level of blood due to excessive production of lactic acid.
Lactate tests are used along with other tests such as electrolyte analysis and blood gas analysis for diagnosing various medical conditions including diabetes mellitus, diabetic ketoacidosis (DKA), hypoxic-ischemic encephalopathy (HIE), sepsis, acute kidney failure & urinary tract infections (UTIs). In addition, it also helps assess recovery from illness or injury by measuring decreases in serum lactate levels after surgery or period of bed rest.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. North America has a large number of lactate analyzers that are used for various applications such as sports, trauma, and others. Availability of technologically advanced products and increasing demand for portable devices are some factors driving the regional market growth.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to rising healthcare expenditure by governments and private sectors in countries such as China, India, Japan, Singapore & Malaysia among others which will drive product demand during the estimated time span from 2018 to 2030 (see Table 1). Furthermore, growing awareness about sports injuries along with an increase in physical activities is also likely to boost product sales over this seven years period (see Table 2).
Growth Factors:
- Increasing demand for handheld lactate analyzers from the healthcare sector as a result of increasing prevalence of lifestyle diseases such as diabetes and obesity.
- Growing demand for handheld lactate analyzers from professional athletes and sports enthusiasts to improve their performance levels.
- Increasing use of handheld lactate analyzers in clinical diagnostics to detect various health conditions at an early stage.
- Rising popularity of wearable technology devices, which is expected to boost the growth prospects for the handheld lactate analyzers market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Handheld Lactate Analyzers Market Research Report
By Type
Blood Lactate Analyzers, Glucose Lactate Analyzer
By Application
Diabetes, Anemia, Trauma, Hyperthermia, Others
By Companies
Roche, EKF Diagnostics, Analox, Nova Biomedical, Arkray, Sensa Core, Xylem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Handheld Lactate Analyzers Market Report Segments:
The global Handheld Lactate Analyzers market is segmented on the basis of:
Types
Blood Lactate Analyzers, Glucose Lactate Analyzer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diabetes, Anemia, Trauma, Hyperthermia, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Roche
- EKF Diagnostics
- Analox
- Nova Biomedical
- Arkray
- Sensa Core
- Xylem
Highlights of The Handheld Lactate Analyzers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blood Lactate Analyzers
- Glucose Lactate Analyzer
- By Application:
- Diabetes
- Anemia
- Trauma
- Hyperthermia
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Handheld Lactate Analyzers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Handheld lactate analyzers are devices that measure the amount of lactate in a person's blood. Lactate is produced when the body uses glucose as energy. It can be an indicator of how well the body is using energy and can help to diagnose conditions such as heart disease, stroke, and diabetes.
Some of the major players in the handheld lactate analyzers market are Roche, EKF Diagnostics, Analox, Nova Biomedical, Arkray, Sensa Core, Xylem.
The handheld lactate analyzers market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Handheld Lactate Analyzers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Handheld Lactate Analyzers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Handheld Lactate Analyzers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Handheld Lactate Analyzers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Handheld Lactate Analyzers Market Size & Forecast, 2020-2028
4.5.1 Handheld Lactate Analyzers Market Size and Y-o-Y Growth
4.5.2 Handheld Lactate Analyzers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Blood Lactate Analyzers
5.2.2 Glucose Lactate Analyzer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Diabetes
6.2.2 Anemia
6.2.3 Trauma
6.2.4 Hyperthermia
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Handheld Lactate Analyzers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Handheld Lactate Analyzers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Blood Lactate Analyzers
9.6.2 Glucose Lactate Analyzer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Diabetes
9.10.2 Anemia
9.10.3 Trauma
9.10.4 Hyperthermia
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size 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 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Blood Lactate Analyzers
10.6.2 Glucose Lactate Analyzer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Diabetes
10.10.2 Anemia
10.10.3 Trauma
10.10.4 Hyperthermia
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size 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 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Blood Lactate Analyzers
11.6.2 Glucose Lactate Analyzer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Diabetes
11.10.2 Anemia
11.10.3 Trauma
11.10.4 Hyperthermia
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Blood Lactate Analyzers
12.6.2 Glucose Lactate Analyzer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Diabetes
12.10.2 Anemia
12.10.3 Trauma
12.10.4 Hyperthermia
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Blood Lactate Analyzers
13.6.2 Glucose Lactate Analyzer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Diabetes
13.10.2 Anemia
13.10.3 Trauma
13.10.4 Hyperthermia
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Handheld Lactate Analyzers Market: Competitive Dashboard
14.2 Global Handheld Lactate Analyzers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 EKF Diagnostics
14.3.3 Analox
14.3.4 Nova Biomedical
14.3.5 Arkray
14.3.6 Sensa Core
14.3.7 Xylem
