Electrolyte Reagents Market size is expected to reach around USD 2 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of electrolyte reagents was USD 1 Billion. The increasing incorporation of electrolytes in daily life globally will exponentially help the market to grow in the expected CAGR. Since approximately 60% of an adult's body is made of water, electrolytes are present in almost all bodily fluids and cells. The electrolytes support the body's ability to manage chemical techniques, keep the fluid offset inside and outside of your cells, and much more.
Another reason to propel the electrolyte reagents market by the end of 2036 is the increasing use of electrolyte reagents in the resoluteness of sodium, potassium, and chloride concentration in human serum, plasma, and urine. Utilizing the special qualities of some membrane materials, an Ion-Selective Electrode (ISE) creates an electrical potential (electromotive force, or EMF) for measuring ions in solution. The ISE, a reference electrode, and electronic circuits to monitor and process the EMF to provide the test ion concentration make up the entire measuring system for a specific ion.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2036 |
CAGR |
∼5% |
Base Year Market Size (2023) |
~USD 1 Billion |
Forecast Year Market Size (2036) |
~USD 2 Billion |
Regional Scope |
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Diagnostic Application (Bone Diseases, Metabolic Disorders, Bipolar Disorders, Rental Disease, Hyperkalemia & Hypokalemia)
The bone diseases segment is expected to hold around 38% share of the global electrolyte reagents market by 2036.because of the increasing cases of bone diseases globally. An osteoporotic fracture occurs every three seconds due to osteoporosis, which results in more than 8.9 million fractures worldwide each year. A projected 200 million women internationally are thought to be influenced by osteoporosis. This diagnosis impacts one-tenth of women in their 60s, one-fifth of women in their 70s, and two-fifths of women in their 80s. Two-thirds of women are in their 90s when they face muscle stiffness. Muscle and bone are hormonally delicate tissues. When women come to menopause, the results of estrogen withdrawal are far higher than in men of the same age. Osteoporotic fractures have a female-to-male ratio of roughly 1.6, meaning that women sustain 80% of forearm fractures, 75% of humerus fractures, 70% of hip fractures, and 58% of spine fractures.
End-user industries (Hospitals, Diagnostic Laboratories, Academic Institutes and Research Centers, Specialty Clinics)
The diagnostic laboratories segment is expected to hold around 43% share of the global electrolyte reagents market by 2036.owing to the increasing prevalence of diagnostic laboratories globally. A crucial part of the healthcare system is played by clinical laboratories. Approximately 60–70% of clinical choices are supported by objective medical data from clinical laboratories; nevertheless, despite their undeniable influence on patient care and public health, the evidence for this claim is little documented, and laboratories continue to be poorly known. By offering and guaranteeing the caliber of medical laboratory tests to assist in clinical decision-making, clinical laboratories play a crucial part in the provision of patient care. Clinical laboratories give medical practitioners the unbiased information they need to deliver high-quality, secure, efficient, and suitable care for the prevention, diagnosis, treatment, and management of disease.
Our in-depth analysis of the global electrolyte reagents market includes the following segments:
Product Type |
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Diagnostic Application |
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End-User Industries |
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Type |
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APAC Market Statistics
The electrolyte reagents market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 35%. This growth will be noticed owing to the increasing geriatric population in this region. In Asia and the Pacific, one in four individuals will be over 60 by 2050. Between 2010 and 2050, the number of senior people (those over 60) in the region will treble, approaching 1.3 billion. The region will face a wide range of social and economic ramifications from this demographic shift, including changes to the structure and layout of towns and cities, the provision and administration of social and health services, the nature of work and employment, social security, and supportive fiscal policies.
North American Market Analysis
The electrolyte reagents market in the North America region will also encounter huge growth during the forecast period and will hold the second position owing to the advancement of technology in this region. North America's tech and AI scene in 2024 will be defined by quick developments, intense competition, and a rising focus on the moral and responsible application of AI. Major tech hubs across the continent, including Silicon Valley, Seattle, New York City, Toronto, and others, are still at the forefront of innovation and draw in top talent from across the globe. Artificial intelligence (AI) technologies are widely used in a wide range of industries, in the region including manufacturing, entertainment, healthcare, finance, and transportation.
Author Credits: Radhika Pawar
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