logo
logo
AI Products 

The Lactate Meters Market will grow at highest pace owing to rising adoption of personal health tracking

avatar
Laxmi Ilme
The Lactate Meters Market will grow at highest pace owing to rising adoption of personal health tracking

Lactate meters, also known as lactate monitors or lactate testers, are handheld medical devices used to measure the level of lactic acid in a person's blood. Lactate provides a good indication of a person's fitness level and is often monitored during exercise. Higher lactate levels indicate less oxygen being delivered to muscles and harder or faster exercise is being performed. Lactate meters use small blood samples collected via finger pricks to calculate lactate concentrations in millimoles per liter (mmol/L). They are commonly used by athletes and trainers to measure fitness improvement over time through tracking lactate threshold changes. The Global Lactate Meters Market is estimated to be valued at US$ 296.8 Mn in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024 to 2031.


Key Takeaways

Key players operating in the Lactate Meters Market Demand are Nova Biomedical, EKF Diagnostics, ApexBio, ARKRAY, Inc., Sensa Core Medical, TAIDOC TECHNOLOGY CORPORATION, F. Hoffmann-La Roche Ltd, Jorgensen Labs, Medtronic, and Nemaura. Growing health awareness and popularity of fitness tracking has increased demand for lactate meters. Technologies enabling continuous lactate monitoring and smartphone integration have improved user experience.

Growing demand in the market is being driven by rising awareness about preventive healthcare and health management. More consumers are regularly tracking vital health parameters like lactate levels to monitor their physical activity and fitness progress over time. The sports industry is another major contributor to demand as lactate meters help athletes and coaches optimize training programs.

Technological advancements are helping lactate meters perform more accurately, conveniently and continuously. New generation devices provide continuous lactate reading options connected to smartphones. Advanced sensors minimize pain and sample volume requirements. Wearable formats integrated with activity trackers and smartwatches provide seamless on-body lactate monitoring.

Market Trends

Point-of-care devices with microfluidic technology: Miniaturized devices analyzing few microliters of blood via microfluidic technology delivers results faster at the point-of-care without labs.

Continuous lactate monitoring devices: Non-invasive skin-patch sensors and wrist-worn formats provide real-time lactate levels during activity with connectivity to apps for tracking.

Market Opportunities

Integration with gym and sports facilities: Opportunities exist for lactate meter companies to partner with gyms and sports academies for popularizing the devices and subscriptions.

Expansion in developing markets: Emerging economies in Asia Pacific and Latin America witnessing increased health awareness and sports culture will drive future market opportunities.

Impact of COVID-19 on Lactate Meters Market growth

The outbreak of COVID-19 adversely impacted the growth of the lactate meters market in 2020. Due to the nationwide lockdowns imposed in several countries, supply chain activities and manufacturing were disrupted. This led to delayed delivery of lactate meters to hospitals. Moreover, hospitals' resources and focus shifted to handling rising COVID-19 cases. As a result, the procurement of lactate meters was significantly reduced during the first two quarters of 2020. However, during the later part of 2020 and 2021, the demand gradually increased as restrictions were lifted. Hospitals started prioritizing monitoring of lactate levels in critical COVID-19 cases as elevated blood lactate levels indicated worse prognosis. Going forward, continuous monitoring of lactate levels for managing COVID-19 patients is expected to drive demand in the post-pandemic era.

North America holds the largest share of the lactate meters market in terms of value, followed by Europe. This is attributed to the high awareness about lactate monitoring among healthcare professionals and patients in these regions. Moreover, presence of developed healthcare systems enabling easy access to advanced medical devices supports market growth. On the other hand, Asia Pacific region is expected to witness the fastest growth during the forecast period. Rapidly increasing healthcare expenditure, large patient pool, and growing cases of sports injuries and diabetes are driving uptake of lactate meters in Asia Pacific countries. China, India and Japan account for the major share of the lactate meters market in the region. Overall, developing markets offer lucrative opportunities for players to expand their presence through appropriate marketing strategies.

Get More Insights on: Lactate Meters Market

collect
0
avatar
Laxmi Ilme
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more