South Korea Lactate Monitoring Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Chargeable Lactate Meters and battery-operated lactate), By Application (Sports and Medical), By End Use (Hospitals and Clinics, Sports Institutes, Home Care, and Others), and South Korea Lactate Monitoring Devices Market Insights, Industry Trend, Forecasts to 2035
Industry: HealthcareSouth Korea Lactate Monitoring Devices Market Insights Forecasts to 2035
- The South Korea Lactate Monitoring Devices Market Size Was Estimated at USD 5.2 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 9.12% from 2025 to 2035
- The South Korea Lactate Monitoring Devices Market Size is Expected to Reach USD 13.58 Million by 2035
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According to a research report published by Spherical Insights and Consulting, The South Korea Lactate Monitoring Devices Market Size is anticipated to reach USD 13.58 Million by 2035, growing at a CAGR of 9.12% from 2025 to 2035. The rise in demand for point-care tests, the expanding use of telemedicine and remote patient monitoring, and greater awareness of the advantages of lactate monitoring in sports and healthcare are all factors contributing to the growth.
Market Overview
The industry centered on devices that test lactate levels in body fluids, mainly blood, to evaluate the metabolic condition and performance is included in the lactate monitoring devices market. With uses ranging from tracking the intensity of athletic training to identifying and treating illnesses like sepsis and heart failure, these gadgets are employed in both medical and athletic contexts. Wearable sensors, portable meters, and associated consumables like test strips are all part of the market. Athletes can prevent overtraining and train at the ideal intensity for best performance improvements by using lactate monitoring to determine their unique anaerobic threshold. Lactate monitoring makes it possible to develop customized training programs according to certain fitness levels and objectives. It is becoming simpler for athletes and individuals to monitor their lactate levels due to the introduction of small, easy-to-use lactate meters, including wearable sensors. The need for lactate monitoring devices in home healthcare settings is being driven by the growing use of telemedicine and remote patient monitoring. Initiatives that prioritize the use of lactate monitoring devices for early disease diagnosis, especially in critical care settings and for the management of disorders like sepsis and shock, are receiving active government backing.
Report Coverage
This research report categorizes the market for South Korea lactate monitoring devices market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea lactate monitoring devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea lactate monitoring devices market.
South Korea Lactate Monitoring Devices Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 5.2 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | CAGR Of 9.12% |
2035 Value Projection: | USD 13.58 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 254 |
Tables, Charts & Figures: | 100 |
Segments covered: | By Product, By Application and By End Use |
Companies covered:: | ARKRAY Korea, GC Medical Science Corp. (Green Cross Medical Science), JD Co., Ltd., Sung Woon Corporation, Analytik Jena, Nihon Kohden Korea, GE Healthcare Korea, Philips Korea, Drager Korea, Medtronic Korea, Omron Healthcare Korea, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
Technological advancements have led to the development of portable, user-friendly devices that provide rapid, accurate lactate measurements, making them suitable for both clinical and sports settings. The increasing prevalence of chronic conditions such as sepsis, cardiovascular diseases, and metabolic disorders has heightened the need for continuous monitoring of lactate levels to guide timely interventions. Additionally, the growing emphasis on preventive healthcare and personalized medicine is propelling the demand for lactate monitoring devices, as they enable early detection and tailored treatment plans.
Restraining Factors
High device costs and limited reimbursement in some regions, which hinder widespread adoption. Additionally, the need for regular calibration and skilled handling can deter use in non-clinical settings. Data accuracy concerns, especially in low-cost or portable models, and regulatory hurdles also pose challenges to market growth.
Market Segmentation
The South Korea Lactate Monitoring Devices Market share is classified into product, application, and end-use.
- The chargeable lactate meters scanners segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea lactate monitoring devices market is segmented by product into chargeable lactate meters and battery-operated lactate. Among these, the chargeable lactate meters segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The requirement for portable, effective point-of-care testing devices that can assess lactate levels at the patient's bedside quickly and accurately. Lactate testing is practical and economical in a variety of healthcare settings, including emergency rooms, intensive care units, and medical units, Instruments' quick turnaround times, low blood sample requirements, and ease of use.
- The sports segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea lactate monitoring devices market is segmented by application into sports and medical. Among these, the sports segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The necessity to maximize training schedules and sports performance is the reason for the increase. Athletes' lactate levels are measured by these devices, which offer important information about their metabolic state while exercising.
- The sports institutes segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea lactate monitoring devices market is segmented by end use into hospitals and clinics, sports institutes, home care, and others. Among these, the sports institutes segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. Sports institutes have a greater acceptance rate for this equipment. For athletes to maximize their performance during training and competition, lactate threshold testing is crucial. Athletes experience tiredness and a decline in performance when their bodies start producing lactic acid more quickly than they can eliminate it. This is known as the lactate threshold.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea lactate monitoring devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- ARKRAY Korea
- GC Medical Science Corp. (Green Cross Medical Science)
- JD Co., Ltd.
- Sung Woon Corporation
- Analytik Jena
- Nihon Kohden Korea
- GE Healthcare Korea
- Philips Korea
- Drager Korea
- Medtronic Korea
- Omron Healthcare Korea
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea lactate monitoring devices market based on the below-mentioned segments:
South Korea Lactate Monitoring Devices Market, By Product
- Chargeable Lactate Meters
- Battery-Operated Lactate
South Korea Lactate Monitoring Devices Market, By Application
- Sports
- Medical
South Korea Lactate Monitoring Devices Market, By End Use
- Hospitals and Clinics
- Sports Institutes
- Home Care
- Others
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