The
lactate meters market has been gaining increasing prominence over the recent
past owing to the rising incidences of sports injuries and training programs
involving monitoring of lactate levels. Lactate meters help in measuring the
amount of lactic acid present in the bloodstream which accumulates during
intense physical activity. They play a pivotal role in sports medicine for
athletes, coaches and health professionals to determine the level of exertion,
evaluate fitness, track progress during training, monitor recovery and help
prevent overtraining. They provide critical insights to plan personalized
training programs and exercise regimes for athletes belonging to different
sports such as soccer, rugby, swimming etc. The increasing focus on fitness
among individuals has also augmented the demand for home-use lactate meters.
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 from 2024 to 2031.
Key Takeaways
Key players operating in the Lactate
Meters Market Size are Nova Biomedical, EKF Diagnostics, ApexBio,
ARKRAY, Inc., Sensa Core Medical, TAIDOC TECHNOLOGY CORPORATION, F. Hoffmann-La
Roche Ltd, Jorgensen Labs, Medtronic, and Nemaura. These players are engaged in
new product launches, partnerships and expanding their regional presence to
gain competitive advantage in the market. The rising participation in sports and fitness activities provides lucrative
growth opportunities in the recreational and home-use segments for players to
offer portable and affordable lactate meters. Significant research is being
undertaken to develop AI and IoT integrated smart lactate meters with cloud
connectivity features to track and monitor lactate levels of athletes remotely.
The lactate meters market is witnessing increased preference for point-of-care
testing around the world with major players focusing on geographic expansion
plans across North America, Europe, Asia Pacific and Middle East & Africa.
This is helping to build better access and awareness about lactate monitoring
in the management and treatment of various conditions.
Market drivers
- Increasing sports injuries:
Growing participation in sports and recreational activities has propelled the
incidences of musculoskeletal injuries. Lactate meters help in screening,
diagnosis and rehabilitation of various sports injuries.
- Focus on fitness and training: The
rising health consciousness is promoting the use of lactate testing for
evaluating fitness levels, designing personalized training programs and
monitoring recovery. Home-use lactate meters cater to the demand for convenient
fitness tracking.
Market Restraints
- High costs: Advanced lactate
meters integrated with connectivity features come with a higher price tag
restricting adoption in price sensitive regions.
- Lack of expertise: Limited
understanding among fitness enthusiasts and healthcare professionals regarding
lactate metabolism and principles of lactate testing act as a hindrance.
Segment Analysis
Handheld lactate meters sub-segment dominates the lactate meters market presently
as they are portable, affordable and easy-to-use device for lactate testing.
Handheld lactate meters allow healthcare professionals to perform lactate tests
quickly during ambulance runs, in emergency rooms, and in other point-of-care
settings. Further, self-testing lactate meters sub-segment will experience
higher growth during the forecast period. Individuals involved in sports and
regular exercises are using self-testing lactate meters to check, monitor and
optimize their training intensity which is driving demand for self-testing
lactate meters.
Global Analysis
North America region accounts for the largest share in the global lactate
meters market and is expected to maintain its position throughout the forecast
period. Factors such as increasing sports activities and fitness consciousness,
high focus on point-of-care and home healthcare monitoring are driving the
demand for lactate meters in the region. Asia-Pacific region will emerge as the
fastest-growing regional market between 2024 to 2031 owing to rising health
expenditures, increasing focus on prevention and management of lifestyle
diseases and growing participation in sports.
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