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.
Abbott
• Founded in 1888, Abbott is headquartered in Illinois, U.S. and provides wide range of diagnostic and medical test instruments to diagnose and monitor infectious diseases, cancer, heart diseases, and metabolic disorders and assess other health indicators. The company operates in more than 150 countries through various segments such as pharmaceutical products, diagnostic products, nutritional products, and vascular products
Beckman Coulter, Inc. (Danaher Corporation)
• Founded in 1984, Beckman Coulter, Inc. (Danaher Corporation) is based in Washington DC, U.S. and operates through three business segments, research & discovery, diagnostics, and industrial. The diagnostics business segment is further categorized into clinical products, laboratory types, and tests by discipline. The company offers various hematology analyzers, under its clinical products segment
Blood Lactate Analyzer Market – Dynamics
Increasing incidence of major chronic diseases like diabetes, anemia and others are helps to propel the market
The global blood lactate analyzer market is projected to grow at a rapid pace due to rise in prevalence of major chronic diseases such as diabetes, anemia, trauma, hyperthermia, and others. These diseases responsible for increase in the blood lactate level, resulted rise in demand of lactate analyzer. According to the International Diabetes Federation, 425 million people across the globe were living with diabetes in 2017, and over 10% of the world’s adult population (642 million) is anticipated to have diabetes by 2040. According to the National Heart, Lung, and Blood Institute, anemia affects more than 3 million people in the U.S. Additionally, increase in awareness about physical training or activity, which leads to increase in demand for blood lactate analysis, such a factor is propel the growth of this market.
Manufacturers focus on to launch Innovative products to Surge blood lactate analyzer market
Manufacturers in the blood lactate analyzer market are strongly focusing on increasingly investing in the research and development activities to design and develop new and innovative blood lactate analyzer. For instance, EKF Diagnostics has one innovative product i.e. Lactate Scout 4, which is used for measuring lactate and it helps to coaches and athletes to avoid overtraining, assess endurance, devise optimum training programmes.
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