Market Overview:
The global lactic acid analyzers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lactic acid analyzers from hospitals, specialty clinics, and other end-users. Additionally, the growing awareness about the benefits of using lactic acid analyzers is also contributing to the growth of this market. Based on type, handheld lactic acid analyzers are expected to account for a larger share of the global lactic acid analyzers market than desktop lactic acid analyzers during the forecast period. This can be attributed to their low cost and easy portability. By application, hospitals are expected to account for a larger share of the global lactic acidanalyzer s market than specialty clinics and other end-users duringthe forecast period .
Product Definition:
Lactic acid analyzers measure the amount of lactic acid in a sample. This information can be used to monitor the progress of a fermentation process or to diagnose problems with the process.
Handheld:
Handheld, it's usage.
Lactic acid is a weak organic acid produced by most organisms. The bacteria that cause infection in humans are called lactic-acid producing bacteria. Some of the common causes of bacterial infections include pneumonia, urinary tract infections (UTIs), skin and soft tissue infections, food poisoning, earaches and sinusitis among others.
Desktop:
The desktop is the equipment used by medical experts to measure blood or tissue lactic acid levels in patients. It is also used as a diagnostic tool for determining the cause of bacterial infection in animals and plants. The device works on an electrolytic principle, which enables measurement of lactic acid present in various body fluids such as blood, urine, sweat and breath.
Application Insights:
The others segment held the largest market share in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The specialty clinics application segment is anticipated to witness significant growth owing to its increasing use in food & beverage, pharmaceutical, chemical and biotechnology industries. In addition, it finds applications in medical diagnostics as well as food testing for determining if a product has gone bad or not.
Hospital was the largest application segment with more than 50% share of global revenue in 2017 due largely to its wide scope of application across various end-use industries including pharmaceuticals.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as high disposable income, favorable reimbursement scenario, and increasing healthcare expenditure. The region is expected to maintain its dominance over the forecast period due to continuous technological advancements and growing demand for efficient diagnostic solutions.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions in emerging countries such as India and China. Furthermore, government initiatives are being undertaken in these countries for increasing public healthcare spending which will further boost regional growth during the forecast period. ‘’ ‘’ ‘Lactic Acid Market Size, Share & Trends Analysis Report By Product (Handheld Device, Stationary Device), By Application (Hospital/Clinic/Homecare), And Segment Forecasts To 2030 ’’ was first published by Lactic Acid Global Ltd.
Growth Factors:
- Increasing demand for quality food products: The global population is growing at a rapid pace and with it the demand for high-quality food products. This is driving the need for better quality control measures, including lactic acid analyzers, in the food industry.
- Growing awareness of health benefits of fermented foods: There is a growing awareness among consumers about the health benefits of fermented foods. This is driving demand for lactic acid analyzers to ensure that these foods are properly fermented.
- Rising popularity of probiotics: Probiotics are becoming increasingly popular as a way to improve gut health and overall well-being. Lactic acid analyzers are essential for ensuring that probiotic supplements and other products meet quality standards.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactic Acid Analyzers Market Research Report
By Type
Handheld, Desktop
By Application
Hospital, Specialty Clinic, Others
By Companies
EKF Diagnostics, Nova Biomedical, YSI, Shenzhen Sieman Bio-medical Solutions company limited, MD PACIFIC, Shandong Biosentech Instrument
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Lactic Acid Analyzers Market Report Segments:
The global Lactic Acid Analyzers market is segmented on the basis of:
Types
Handheld, Desktop
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
Hospital, Specialty Clinic, 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:
- EKF Diagnostics
- Nova Biomedical
- YSI
- Shenzhen Sieman Bio-medical Solutions company limited
- MD PACIFIC
- Shandong Biosentech Instrument
Highlights of The Lactic Acid 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:
- Handheld
- Desktop
- By Application:
- Hospital
- Specialty Clinic
- 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 Lactic Acid 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Lactic acid analyzers are devices that measure the amount of lactic acid in a sample. They can be used to determine the level of lactate in blood, urine, or other body fluids.
Some of the major players in the lactic acid analyzers market are EKF Diagnostics, Nova Biomedical, YSI, Shenzhen Sieman Bio-medical Solutions company limited, MD PACIFIC, Shandong Biosentech Instrument.
The lactic acid analyzers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lactic Acid 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 Lactic Acid Analyzers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lactic Acid 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 Lactic Acid 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 Lactic Acid Analyzers Market Size & Forecast, 2020-2028
4.5.1 Lactic Acid Analyzers Market Size and Y-o-Y Growth
4.5.2 Lactic Acid 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 Handheld
5.2.2 Desktop
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 Hospital
6.2.2 Specialty Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lactic Acid 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 Lactic Acid 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 Handheld
9.6.2 Desktop
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 Hospital
9.10.2 Specialty Clinic
9.10.3 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 Handheld
10.6.2 Desktop
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 Hospital
10.10.2 Specialty Clinic
10.10.3 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 Handheld
11.6.2 Desktop
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 Hospital
11.10.2 Specialty Clinic
11.10.3 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 Handheld
12.6.2 Desktop
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 Hospital
12.10.2 Specialty Clinic
12.10.3 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 Handheld
13.6.2 Desktop
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 Hospital
13.10.2 Specialty Clinic
13.10.3 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 Lactic Acid Analyzers Market: Competitive Dashboard
14.2 Global Lactic Acid Analyzers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EKF Diagnostics
14.3.2 Nova Biomedical
14.3.3 YSI
14.3.4 Shenzhen Sieman Bio-medical Solutions company limited
14.3.5 MD PACIFIC
14.3.6 Shandong Biosentech Instrument
