Blood Lactate Analyzer Market
Due to the rising incidence of major chronic illnesses such as hyperthermia, trauma, anemia, diabetes, and others, the global blood lactate analyzer market is expected to expand at a rapid pace. As a result of these illnesses, which lead to a rise in the levels of blood lactate, the need for lactate analyzers has increased. Augmented awareness about exercise or physical training, which leads to a rise in demand for blood lactate analysis, is likely to come up as another driving factor for the market.
Blood lactate analyzers is also known as blood lactate testing equipment. It is a type of device that can measure the amount of lactate in the blood. As a diagnostic tool, a blood lactate analyzer is utilized. It can give a fast and hassle-free approach to check a patient's level of lactate in blood. After strenuous workouts, blood lactate concentration varies therefore blood lactate analyzers are helpful in measuring this higher level of blood lactate. Variations in the required sample size, operation altitude and temperature range, storage of test findings, and the kind of sample are included in the blood lactate control system (whole blood or plasma). Manufacturers in the global blood lactate analyzer market focus heavily on increasing investment in research and development activities to discover and innovate new blood lactate analyzers.
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Blood Lactate Analyzer Market – Overview
Growth in the blood lactate analyzer market stems from its use as a diagnostic tool for measuring lactate levels in blood. For example, blood lactate analyzer is used for the measure of elevated lactate concentration in the blood after physical training. Meanwhile, blood lactate testing equipment differ in terms of some characteristics, including time to result, size of sample size, capacity of storage of test results, sample type, and operating altitude and temperature.
Rising incidence of chronic diseases such as diabetes and anemia that requires regular measure of lactate concentrations in the blood to keep check fuels the blood lactate analyzer market. According to the International Diabetes Federation, in 2017, 425 million individuals worldwide were living with diabetes; by 2040, more than 10% of the world’s adult population is anticipated to be living with diabetes. In the U.S., anemia affects more than 3 million people every year, according to the National Heart, Lung, and Blood Institute. The prevalence of these diseases in such high numbers indirectly creates opportunities in the blood lactate analyzer market.
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Manufacturers in the blood lactate analyzer market are engaged in R&D for design innovations of the product. For example, EKF Diagnostics introduced Lactate Scout 4, which is mainly used by athletes and trainers to measure blood lactate concentrations to avoid overtraining, devise optimum training programs, and assess endurance.
Lactate is a normal product of anaerobic cell metabolism and is released into the blood and metabolized by the liver. It is produced in large amounts when there is insufficient oxygen for activity in the cell. Lactate production can be increased in conditions that cause insufficient oxygen delivery, such as trauma, as well as in conditions that have disproportionate oxygen demand such as hyperthermia and seizures. Some medications such as metformin, salbutamol, phenformin, and HIV drugs can also cause high lactate levels. Normal lactate levels are less than 1.0 mmol/L in both arterial and venous blood.
Blood lactate testing equipment or blood lactate analyzers are machines that test lactate levels in blood. A blood lactate analyzer is used as a diagnostic tool. It can provide a quick and simple way to check the lactate levels in a patient. Blood lactate concentration changes in after physical training, so blood lactate analyzer useful in the measure of this elevated blood lactate concentration. Some differences between blood lactate testing equipment include time to result, sample size needed, capacity of test results storage, operating altitude and temperature ranges, and sample type (plasma or whole blood).
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Blood Lactate Analyzer Market – Competitive Landscape
Major players have adopted strategies such as partnerships, agreements, new product development, and collaborations to gain competitive advantage in the global blood lactate analyzer market.
· In 2018, EKF launched pocket-sized lactate monitor for both sports training and personal fitness. Measuring lactate helps to define workout intensities for maximum fat catabolism, increase endurance, and avoid critical over-exhaustion.
· Hoffmann-La Roche Ltd. has one innovative device Accutrend Plus, which is used to measure triglycerides, cholesterol, glucose, and lactate. This device is suitable for professional use as well as for self-testing.
Nova Biomedical
· Founded in 1847, Nova Biomedical, a key player in blood lactate analyzer market, is headquartered in Massachusetts, U.S., and operates in nearly 100 countries through subsidiaries or distributors. However, Nova has wholly owned subsidiaries in the U.S., the U.K., Brazil, Canada, France, Germany, Japan, and Switzerland. Nova’s product offering belong to following divisions such as hospital, veterinary, biotechnology, clinics, self-testing, blood banking, and sports medicine.
1. Hoffmann-La Roche Ltd
· Established in 1896, F. Hoffmann-La Roche Ltd is based in Basel, Switzerland. The company operates through two main business segments: pharmaceutical division and diagnostics division. Under diagnostic products and solutions, Roche offers clinical chemistry and immunoassays, molecular diagnostics, tissue diagnostics, point-of-care diagnostics, laboratory automation and IT, hematology and hemostasis, urinalysis, patient self-testing, and custom biotech solutions.
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The Global Blood Gas and Electrolyte Analyzer Market size is estimated to be USD 3.57 Billion in 2019 and is predicted to reach USD 6.24 Billion by 2030 with a CAGR of 5.2% from 2020-2030.The blood gas and electrolyte analyzer is a medical device used to detect diabetes, blood vessel hemorrhage, drug overdose and shock.
It also determines the abnormal metabolite & levels of electrolytes in blood along with the levels of oxygen/carbon dioxide exchange and the pH balance.
Blood gas analyzers are utilized to test several parameters including O2 concentration, hydrogen ion and others.Top Companies: Radiometer Medical Aps (A Subsidiary of Danaher Corporation), Instrumentation Laboratory (A Werfen Company), Siemens AG, Roche Diagnostics Limited, Abbott Laboratories, Inc., Nova Biomedical, OPTI Medical Systems, Inc. (A Subsidiary of Idexx Laboratories, Inc.), ERBA Diagnostics Mannheim GmbH, Medica Corporation and Alere, Inc and others.Access Full Description of this report at:-https://www.nextmsc.com/report/blood-gas-and-electrolyte-analyzer-market Blood gas and electrolyte analyzer market report is segmented on the basis of type, product/ brand, end user and geography.
Based on end users, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and others.
Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.The consistent upsurge in the elderly population has lead to upsurge in number of patients in emergency departments, critical care units and operating rooms receiving critical care.
According to WHO the global population of the age group 65 years and above is estimated to increase to 16% by 2050 which further assures the market growth.
According to research report the Blood Gas and Electrolyte Analyzer Market was estimated to be USD 506.9 Million in 2016, which would reach USD 636 Million by 2021, growing at a CAGR of 4.6% during 2016 to 2021.Ask For Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=242278963A number of factors, such as the growing number of patients being treated in ICUs, NICUs, and emergency departments, and the increasing adoption of technologically advanced biosensors and data analysis software for developing next-generation blood gas analyzers are expected to drive the growth of the blood gas analyzer market in the coming years.
The other factors driving the growth of Blood Gas and Electrolyte Analyzer Market include rising geriatric population and the subsequent increase in the prevalence of chronic diseases, increasing adoption of technologically advanced biosensors and data analysis software, growing demand for technology integrated combined systems, and miniaturization of POC blood gas analyzers.North America is expected to account for the largest blood gas analyzer market share in 2016, which is primarily attributed to the growing prevalence of lifestyle diseases, increasing number of product approvals, and rising government initiatives in this region.
However, the APAC Blood Gas Analyzers market is projected to witness a higher growth during the forecast period due to the growing initiatives by market players, increasing patient population base, and rising number of partnerships and joint ventures.The Blood Gas and Electrolyte Analyzer Market is segmented on the basis of major product brands (i-STAT, epoc, GEM 3000, GEM 3500, GEM 4000, ABL800, ABL80, ABL90, cobas b 221, cobas b 121, cobas b 123, RAPID Series) in four major regional segments, namely, North America, Europe, APAC, and Rest of the World.
This report analyzes the market from both value and volume perspectives.
GEM 3000 is expected to account for the largest share of the global blood gas analyzers market in 2016.
This is mainly because GEM 3000 delivers real-time system diagnostics, requires low labor-intensive system calibration, and eliminates lengthy equipment training and possible human errors.
