Market Overview:
The global sodium electrode market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sodium electrodes from biotechnology and pharmaceutical companies, hospitals and diagnostic laboratories, research and academic institutes, and others. Additionally, the growing awareness about the benefits of using sodium electrodes is also contributing to the growth of this market. However, factors such as high cost of instruments and limited reimbursement policies are restraining the growth of this market. On the basis of type, serum/plasma sodium electrode held a major share in 2017 owing to its wide usage in hospitals for diagnosis purposes. On account of their low price and easy availability, urine sodium electrodes are expected to witness high demand during the forecast period. Based on application, biotechnology and pharmaceutical companies held a dominant share in 2017 due to rising R&D expenditure by these companies for drug development purposes. Hospitals & diagnostic laboratories is another key application segment that is anticipated witness significant growth during 2018-2030 owing increased use Sodium Electrodes for point-of-care testing (POCT).
Product Definition:
A sodium electrode is a type of electrode used in electrolysis to produce sodium metal. Sodium is produced by passing an electric current through molten salt, which dissociates the water molecules into hydrogen and oxygen gas. The sodium ions are attracted to the negative electrode (cathode), where they react with the hydrogen gas to form sodium metal.
Serum/Plasma Sodium Electrode:
A serum/plasma sodium electrode is a device used for measuring the intracellular sodium concentration in biological fluids such as plasma or serum. It's major applications are in monitoring and treating hyper/ hyponatremia, water intoxication, acute renal failure and other conditions associated with excessive fluid intake or loss.
Urine Sodium Electrode:
Urine sodium electrode is a device used for measuring the concentration of sodium in human urine. It's basically an ion-sensitive electrode that can be used to measure the electrical potential difference between two electrodes and thus, it allows measurement of the amount of excreted sodium in urine.
Application Insights:
The biotechnology and pharmaceutical companies segment dominated the global sodium electrode market in terms of revenue share in 2017. This is attributed to the rising usage of these products for various purposes, such as water treatment, wastewater management, desalination process and others. In addition, a number of biotechnology companies are involved in research activities related to seawater desalination using solar energy as an alternative source for freshwater generation.
These factors are projected to increase product demand over the forecast period.
Regional Analysis:
North America sodium electrode market is anticipated to grow at a significant rate over the forecast period. The growth of this region can be attributed to increasing R&D activities and rising adoption of technologically advanced products in the healthcare sector. In addition, growing number of biotechnology and pharmaceutical companies in this region is also expected to drive the demand for these electrodes over the forecast period.
Asia Pacific sodium electrode market is anticipated to witness fastest growth during the forecast period owing to factors such as improving healthcare facilities, rising awareness regarding diseases detection early with proper diagnosis, and availability of low-cost drugs resulting in high volume consumption which would boost industry expansion further driving innovation across various sectors including medical devices manufacturing space thus positively impacting overall industry growth.
Growth Factors:
- Increasing demand for sodium electrode in energy storage applications
- Growing demand for sodium-ion batteries
- Rising popularity of electric vehicles
- Proliferation of smart grids and renewable energy sources
- Technological advancements in sodium electrode manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Electrode Market Research Report
By Type
Serum/Plasma Sodium Electrode, Urine Sodium Electrode, Others
By Application
Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes
By Companies
Roche Diagnostics GmbH, Siemens, Hitachi High-Technologies Corporation, Nova Biomedical Corporation, Radiometer Medical ApS, Thermo Fisher Scientific, Xylem Inc., Hach, Thomas Scientific, Mettler Toledo
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Electrode Market Report Segments:
The global Sodium Electrode market is segmented on the basis of:
Types
Serum/Plasma Sodium Electrode, Urine Sodium Electrode, Others
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
Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Research and Academic Institutes
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 Diagnostics GmbH
- Siemens
- Hitachi High-Technologies Corporation
- Nova Biomedical Corporation
- Radiometer Medical ApS
- Thermo Fisher Scientific
- Xylem Inc.
- Hach
- Thomas Scientific
- Mettler Toledo
Highlights of The Sodium Electrode 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:
- Serum/Plasma Sodium Electrode
- Urine Sodium Electrode
- Others
- By Application:
- Biotechnology and Pharmaceutical Companies
- Hospitals and Diagnostic Laboratories
- Research and Academic Institutes
- 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 Sodium Electrode 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?
A sodium electrode is a laboratory tool used to measure the potential difference between two solutions.
Some of the key players operating in the sodium electrode market are Roche Diagnostics GmbH, Siemens, Hitachi High-Technologies Corporation, Nova Biomedical Corporation, Radiometer Medical ApS, Thermo Fisher Scientific, Xylem Inc., Hach, Thomas Scientific, Mettler Toledo.
The sodium electrode 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 Sodium Electrode 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 Sodium Electrode Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Electrode 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 Sodium Electrode 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 Sodium Electrode Market Size & Forecast, 2020-2028
4.5.1 Sodium Electrode Market Size and Y-o-Y Growth
4.5.2 Sodium Electrode 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 Serum/Plasma Sodium Electrode
5.2.2 Urine Sodium Electrode
5.2.3 Others
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 Biotechnology and Pharmaceutical Companies
6.2.2 Hospitals and Diagnostic Laboratories
6.2.3 Research and Academic Institutes
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Electrode 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 Sodium Electrode 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 Serum/Plasma Sodium Electrode
9.6.2 Urine Sodium Electrode
9.6.3 Others
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 Biotechnology and Pharmaceutical Companies
9.10.2 Hospitals and Diagnostic Laboratories
9.10.3 Research and Academic Institutes
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 Serum/Plasma Sodium Electrode
10.6.2 Urine Sodium Electrode
10.6.3 Others
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 Biotechnology and Pharmaceutical Companies
10.10.2 Hospitals and Diagnostic Laboratories
10.10.3 Research and Academic Institutes
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 Serum/Plasma Sodium Electrode
11.6.2 Urine Sodium Electrode
11.6.3 Others
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 Biotechnology and Pharmaceutical Companies
11.10.2 Hospitals and Diagnostic Laboratories
11.10.3 Research and Academic Institutes
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 Serum/Plasma Sodium Electrode
12.6.2 Urine Sodium Electrode
12.6.3 Others
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 Biotechnology and Pharmaceutical Companies
12.10.2 Hospitals and Diagnostic Laboratories
12.10.3 Research and Academic Institutes
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 Serum/Plasma Sodium Electrode
13.6.2 Urine Sodium Electrode
13.6.3 Others
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 Biotechnology and Pharmaceutical Companies
13.10.2 Hospitals and Diagnostic Laboratories
13.10.3 Research and Academic Institutes
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 Sodium Electrode Market: Competitive Dashboard
14.2 Global Sodium Electrode Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche Diagnostics GmbH
14.3.2 Siemens
14.3.3 Hitachi High-Technologies Corporation
14.3.4 Nova Biomedical Corporation
14.3.5 Radiometer Medical ApS
14.3.6 Thermo Fisher Scientific
14.3.7 Xylem Inc.
14.3.8 Hach
14.3.9 Thomas Scientific
14.3.10 Mettler Toledo
