About Serum Lactate Testing
A serum lactate level is a highly sensitive and accurate diagnostic of tissue hypoperfusion and hypoxia since it detects the quantity of lactic acid in the blood. Lactic acidosis, a severe and occasionally life-threatening disease, can be caused by any ailment that creates an imbalance between lactate production and clearance. Lactic acid levels in the blood are normally low. When oxygen levels drop, lactic acid levels rise.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Serum Lactase Testing players are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. Several companies have started to adopt such methods as serum lactate testing for early detection of chronic disease can act as a lifesaving step. These adoptions make companies remain competitive in the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Serum Lactate Testing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ApexBio (United States), EKF Diagnostics (United Kingdom), Nova Biomedical (United States), Arkray, Inc. (Japan), F. Hoffmann-La Roche Ltd (Switzerland), Beckman Coulter, Inc. (United States), LifeSpan BioSciences, Inc (United States), Aviva Systems Biology Corporation (United States), Accurex Biomedical Pvt. Ltd. (India), Thermo Fisher Scientific Inc (United States), PerkinElmer, Inc (United States), Quest Diagnostics Incorporated (United States) and Abcam plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Anamol Laboratories Private Limited (India), Randox Laboratories Ltd (United Kingdom), Sigma-Aldrich Co (United States) and Merck KGaA (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Serum Lactate Testing market by , Application (Hospitals, Clinics, Home Care and Others) and Region.
On the basis of geography, the market of Serum Lactate Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Sepsis will boost the Serum Lactate Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sample Type, the sub-segment i.e. Blood will boost the Serum Lactate Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Test Type, the sub-segment i.e. Lactate Dehydrogenase (LDH) will boost the Serum Lactate Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the Research and Technology for Making the Process Easy, Painless and Rapid
Market Growth Drivers:
Need to Find Out If Enough Oxygen is Reaching the Body's Tissues and Increasing Incidence of Major Chronic Diseases like Diabetes and anemia
Challenges:
Lack of Trained Technicians in Developing Countries
Restraints:
Lack of Awareness Associated with Serum Lactase Testing
Opportunities:
Manufacturers Focus on Launch Innovative Products and Covid-19 cause Respiratory Disorder Propels the Serum Lactate Testing Market
In 2020, Nova Biomedical announced the launch of the CE-marked StatStrip Lactate, Hemoglobin, and Hematocrit Point-of-Care Meter System. Both the systems StatStrip and StatStrip Xpress2 Lactate provided fast lactate results only in 13 seconds from 0.6 microliter capillary blood sample and hemoglobin and hematocrit results in 40 seconds from 1.6 microliter capillary blood sample.
“As per US National Library and Medicine, National Institute of Healthcare, Serum lactate monitoring is essential for risk classification and sepsis treatment, and it is increasingly being considered as a possible quality indicator. Lactate testing has become more common in recent years, and it is now being used on patients who are not under invisible stress. Serial lactate testing rates, on the other hand, are still low, and lactates are not detected in many patients with severe sepsis. Nonmedical units and hospital-onset sepsis might be high-yield targets for quality improvement programs.”
Key Target Audience
Serum Lactase Testing Providers, Serum Lactase Testing Association, Serum Lactase Testing Franchise, Testing Laboratories, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.