Market Overview:
The global lactose assay kit market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lactose assay kits from industries, hospitals, research & development laboratories (R&D), and others. Additionally, the growing awareness about food allergies and intolerance is also propelling the growth of this market. However, factors such as high cost of these kits and lack of skilled professionals are restraining the growth of this market. On the basis of type, colorimetric lactose assay kit held a major share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to their low cost as compared with other types such as fluorometric or enzyme-linked immunosorbent assay (ELISA) kits. On the basis of application, industries held a major share in 2017 and is expected to maintain its dominance duringthe forecast period from 2018to2030 owingtoits widespread usein various industrial applications such as dairy products processing industry, beverage industry etc.
Product Definition:
Lactose assay kit is used to measure the amount of lactose in a given sample. The importance of lactose assay kit is that it helps in diagnosing the deficiency of lactase enzyme, which results in the inability to digest lactose.
Colorimetric:
A colorimetric is a method to measure the concentration of an analyte using optical instruments. The most common application of this technique is in determining the amount of sugar (glucose) in a solution. In these tests, colored reagents are added to the sample solution and then measured against standard solutions with known concentrations for quantification purposes.
The global market size was estimated at USD 1,849.1 million in 2016.
Fluorometric:
The fluorometric method is the most common and reliable way to measure fluoride in water. Fluorometric methods are used for drinking water, wastewater treatment plant effluent, industrial process waste streams as well as for measuring fluoride in toothpaste and other personal care products.
This method uses a chemical reaction between the test substance and fluorine gas which produces light that can be measured by a detector. The major advantage of this technique is that it provides accurate results even with low sample concentrations.
Application Insights:
The industries application segment accounted for the largest share of more than 60.0% in 2017. The growing demand for dairy products across the globe is expected to boost the use of lactose assay kits in industry applications over the forecast period. In addition, factors such as an increase in consumer preference for convenience foods that contain minimal ingredients are anticipated to drive growth over the coming years.
Hospitals application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising incidences of lactose intolerance among patients and healthcare professionals globally, which has resulted in increased demand for these tests at hospitals and clinics worldwide since last few years ago when these tests were introduced into clinical practice by Roche Diagnostics GmbH & Co KGaA (then known as Roche Laboratories).
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 well-established healthcare infrastructure and a large number of key players operating in the market. Moreover, increasing demand for baby food coupled with rising prevalence of lactose intolerance among adults is anticipated to drive regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth over the coming years owing to factors such as improving healthcare facilities, growing R&D activities by various companies, and an increase in awareness regarding disorders associated with milk allergies & intolerances among consumers (age group 1-19). In addition, government initiatives promoting dairy products are also likely to contribute toward regional growth during the same period.
Growth Factors:
- Increasing demand for dairy products: The global population is growing and with it, the demand for dairy products. This is driving the growth of the lactose assay kit market as manufacturers seek to improve their production processes and quality control measures.
- Technological advancements: The development of new technologies has led to the introduction of novel methods for lactose assay, which is benefiting the market growth.
- Rising awareness about lactose intolerance: There is a growing awareness among people about lactose intolerance and its symptoms, which is prompting them to seek diagnostic tests such as those offered by lactose assay kits. This is fuelling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactose Assay Kit Market Research Report
By Type
Colorimetric, Fluorometric
By Application
Industries, Hospitals, Research & Development Laboratories (R & D), Others
By Companies
Thermo Fisher, BioAssay System, Agilent, MERCK, Megazymes, Enzychrom
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lactose Assay Kit Market Report Segments:
The global Lactose Assay Kit market is segmented on the basis of:
Types
Colorimetric, Fluorometric
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
Industries, Hospitals, Research & Development Laboratories (R & D), 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:
- Thermo Fisher
- BioAssay System
- Agilent
- MERCK
- Megazymes
- Enzychrom
Highlights of The Lactose Assay Kit 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:
- Colorimetric
- Fluorometric
- By Application:
- Industries
- Hospitals
- Research & Development Laboratories (R & D)
- 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 Lactose Assay Kit 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
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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 lactose assay kit is a laboratory tool used to measure the amount of lactose in a sample.
Some of the key players operating in the lactose assay kit market are Thermo Fisher, BioAssay System, Agilent, MERCK, Megazymes, Enzychrom.
The lactose assay kit market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lactose Assay Kit 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. Lactose Assay Kit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lactose Assay Kit Market - Supply Chain
4.5. Global Lactose Assay Kit Market Forecast
4.5.1. Lactose Assay Kit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lactose Assay Kit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lactose Assay Kit Market Absolute $ Opportunity
5. Global Lactose Assay Kit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lactose Assay Kit Market Size and Volume Forecast by Type
5.3.1. Colorimetric
5.3.2. Fluorometric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lactose Assay Kit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lactose Assay Kit Market Size and Volume Forecast by Application
6.3.1. Industries
6.3.2. Hospitals
6.3.3. Research & Development Laboratories (R & D)
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lactose Assay Kit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lactose Assay Kit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lactose Assay Kit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lactose Assay Kit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lactose Assay Kit Demand Share Forecast, 2019-2026
9. North America Lactose Assay Kit 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
9.2. North America Lactose Assay Kit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lactose Assay Kit Market Size and Volume Forecast by Application
9.4.1. Industries
9.4.2. Hospitals
9.4.3. Research & Development Laboratories (R & D)
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lactose Assay Kit Market Size and Volume Forecast by Type
9.7.1. Colorimetric
9.7.2. Fluorometric
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lactose Assay Kit Demand Share Forecast, 2019-2026
10. Latin America Lactose Assay Kit 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. Latin America Average Pricing Analysis
10.2. Latin America Lactose Assay Kit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lactose Assay Kit Market Size and Volume Forecast by Application
10.4.1. Industries
10.4.2. Hospitals
10.4.3. Research & Development Laboratories (R & D)
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lactose Assay Kit Market Size and Volume Forecast by Type
10.7.1. Colorimetric
10.7.2. Fluorometric
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lactose Assay Kit Demand Share Forecast, 2019-2026
11. Europe Lactose Assay Kit 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. Europe Average Pricing Analysis
11.2. Europe Lactose Assay Kit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lactose Assay Kit Market Size and Volume Forecast by Application
11.4.1. Industries
11.4.2. Hospitals
11.4.3. Research & Development Laboratories (R & D)
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lactose Assay Kit Market Size and Volume Forecast by Type
11.7.1. Colorimetric
11.7.2. Fluorometric
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lactose Assay Kit Demand Share, 2019-2026
12. Asia Pacific Lactose Assay Kit 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. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lactose Assay Kit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lactose Assay Kit Market Size and Volume Forecast by Application
12.4.1. Industries
12.4.2. Hospitals
12.4.3. Research & Development Laboratories (R & D)
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lactose Assay Kit Market Size and Volume Forecast by Type
12.7.1. Colorimetric
12.7.2. Fluorometric
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lactose Assay Kit Demand Share, 2019-2026
13. Middle East & Africa Lactose Assay Kit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lactose Assay Kit Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lactose Assay Kit Market Size and Volume Forecast by Application
13.4.1. Industries
13.4.2. Hospitals
13.4.3. Research & Development Laboratories (R & D)
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lactose Assay Kit Market Size and Volume Forecast by Type
13.7.1. Colorimetric
13.7.2. Fluorometric
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lactose Assay Kit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lactose Assay Kit Market: Market Share Analysis
14.2. Lactose Assay Kit Distributors and Customers
14.3. Lactose Assay Kit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermo Fisher
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BioAssay System
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Agilent
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MERCK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Megazymes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Enzychrom
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
