Market Overview:
The global lactate meter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of lifestyle diseases, rising awareness about early diagnosis and treatment, and technological advancements in lactate meters. Based on type, the global lactate meter market is segmented into charging type lactate meters and battery type lactate meters. The charging type segment is expected to dominate the global lactate meter market during the forecast period owing to its advantages such as low power consumption, long battery life, and easy portability. Based on application, the global lactate meter market is segmented into medical applications, game training applications, and other applications. The medical application segment dominates the global lactate meter market due to its widespread use for diagnosing various health conditions such as heart disease and diabetes mellitus. However, with increasing demand for performance-enhancing drugs among athletes for game training purposes,the game training application segment is projectedto grow at a higher CAGR duringthe forecast period .
Product Definition:
A lactate meter is a medical device used to measure the amount of lactic acid in the blood. Lactic acid is produced by muscles during exercise and can cause muscle fatigue. The lactate meter can be used to monitor how much lactic acid is being produced and help adjust the intensity of the workout accordingly.
Charging Type Lactate Meter:
The global Charging Type Lactate Meter market is expected to grow at a significant pace over the forecast period. The growth of this market can be attributed to factors such as increasing awareness about newborn babies, rising disposable income and growing health concerns among adults.
Charging type lactate meters are used for measuring blood lactate levels in patients suffering from sports injuries, abdominal pain, and other conditions along with monitoring the rate of recovery during treatment sessions in hospitals & clinics.
Battery Type Lactate Meter:
Battery Type Lactate Meter is used to measure the level of lactate in blood or serum. It is a non-invasive, painless test that provides valuable information about the health of an individual. The normal range for lactate levels varies from person to person and depends on factors such as age, gender, body mass index (BMI), diet and exercise habits along with other medical conditions like diabetes mellitus.
Application Insights:
The other application segment includes food testing, quality control and clinical applications. The medical application is expected to be the fastest-growing segment over the forecast period owing to its increasing use in diagnostics of various diseases such as diabetes, anemia and others. In addition, it is used for lactate testing in sports drinks which aids in maintaining energy levels during training or competition. This factor is anticipated to fuel product demand over the forecast period.
The game training application was estimated at USD 120 million in 2017.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, favorable reimbursement policies, and increasing demand for lactate testing are some factors driving the regional growth. For instance, in 2015, when a patient was diagnosed with cancer by screening test or during routine check-up is considered to be one of the most significant opportunities for revenue generation through insurance claims.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with growing health awareness among people especially in developing countries such as China and India.
Growth Factors:
- Increasing prevalence of lactose intolerance and other milk-related allergies
- Growing demand for dairy alternatives, such as soy milk and almond milk
- Rising awareness about the health benefits of lactate meters
- Technological advancements in lactate meter technology
- Growing popularity of fitness tracking apps and devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactate Meter Market Research Report
By Type
Charging Type Lactate Meter, Battery Type Lactate Meter
By Application
Medical, Game Training, Other
By Companies
Nova Biomedical, EKF Diagnostics Holdings, Jorgensen Labs, Woodley Equipment, ApexBio, Arkray, BST Bio Sensor Technology, Med-Tronik, Sensa Core Medical Instrumentation, TaiDoc Technology, Nova Biomedical
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Lactate Meter Market Report Segments:
The global Lactate Meter market is segmented on the basis of:
Types
Charging Type Lactate Meter, Battery Type Lactate Meter
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
Medical, Game Training, Other
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:
- Nova Biomedical
- EKF Diagnostics Holdings
- Jorgensen Labs
- Woodley Equipment
- ApexBio
- Arkray
- BST Bio Sensor Technology
- Med-Tronik
- Sensa Core Medical Instrumentation
- TaiDoc Technology
- Nova Biomedical
Highlights of The Lactate Meter 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:
- Charging Type Lactate Meter
- Battery Type Lactate Meter
- By Application:
- Medical
- Game Training
- Other
- 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 Lactate Meter 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?
A lactate meter is a device used to measure the amount of lactate in a person's blood. Lactate levels can be an indicator of how hard someone is working, and can help determine if someone needs medical attention.
Some of the major players in the lactate meter market are Nova Biomedical, EKF Diagnostics Holdings, Jorgensen Labs, Woodley Equipment, ApexBio, Arkray, BST Bio Sensor Technology, Med-Tronik, Sensa Core Medical Instrumentation, TaiDoc Technology, Nova Biomedical.
The lactate meter market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lactate Meter 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 Lactate Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lactate Meter 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 Lactate Meter 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 Lactate Meter Market Size & Forecast, 2018-2028
4.5.1 Lactate Meter Market Size and Y-o-Y Growth
4.5.2 Lactate Meter Market Absolute $ Opportunity
Chapter 5 Global Lactate Meter 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 Lactate Meter Market Size Forecast by Type
5.2.1 Charging Type Lactate Meter
5.2.2 Battery Type Lactate Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lactate Meter 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 Lactate Meter Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Game Training
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lactate Meter 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 Lactate Meter 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 Lactate Meter Analysis and Forecast
9.1 Introduction
9.2 North America Lactate Meter 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 Lactate Meter Market Size Forecast by Type
9.6.1 Charging Type Lactate Meter
9.6.2 Battery Type Lactate Meter
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 Lactate Meter Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Game Training
9.10.3 Other
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 Lactate Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Lactate Meter 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 Lactate Meter Market Size Forecast by Type
10.6.1 Charging Type Lactate Meter
10.6.2 Battery Type Lactate Meter
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 Lactate Meter Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Game Training
10.10.3 Other
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 Lactate Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lactate Meter 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 Lactate Meter Market Size Forecast by Type
11.6.1 Charging Type Lactate Meter
11.6.2 Battery Type Lactate Meter
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 Lactate Meter Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Game Training
11.10.3 Other
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 Lactate Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Lactate Meter 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 Lactate Meter Market Size Forecast by Type
12.6.1 Charging Type Lactate Meter
12.6.2 Battery Type Lactate Meter
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 Lactate Meter Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Game Training
12.10.3 Other
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) Lactate Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lactate Meter 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) Lactate Meter Market Size Forecast by Type
13.6.1 Charging Type Lactate Meter
13.6.2 Battery Type Lactate Meter
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) Lactate Meter Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Game Training
13.10.3 Other
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 Lactate Meter Market: Competitive Dashboard
14.2 Global Lactate Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nova Biomedical
14.3.2 EKF Diagnostics Holdings
14.3.3 Jorgensen Labs
14.3.4 Woodley Equipment
14.3.5 ApexBio
14.3.6 Arkray
14.3.7 BST Bio Sensor Technology
14.3.8 Med-Tronik
14.3.9 Sensa Core Medical Instrumentation
14.3.10 TaiDoc Technology
14.3.11 Nova Biomedical
