Electrolyte Reagents Market Trends

  • Report ID: 5976
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Electrolyte Reagents Market Trends

Growth Drivers

  • The Increasing Sedentary Lifestyle Across the World - An estimated 3.2 million deaths worldwide are attributed to inadequate physical activity, which is practiced by about 31% of the world's population aged 15 and older. Data from 194 nations demonstrate that overall progress is sluggish and that nations must move more quickly to establish and put into place policies aimed at increasing physical activity levels, which will help to prevent disease and lighten the load on already overburdened healthcare systems. The Global Status Report on Physical Activity from WHO highlights a crucial finding: there are substantial gaps in global data that make it difficult to monitor the advancement of crucial policy initiatives like the creation of public open spaces, infrastructure for bicyclists and walkers, and the inclusion of physical education and sports in school curricula. The report also demands that certain data shortcomings be remedied.  
  • Increasing Cases of Hyperchloremia and Hypochloremia Worldwide - The growing incidence of heart failure (HF) and the growing understanding of chloride as a prognostic indicator in HF have sparked interest in the etiology and relationships between anomalies in chloride and HF-related variables and therapies. One of the main electrolytes with a special function in fluid homeostasis is chloride, which is linked to the cardiorenal and neurohormonal systems. Thus, the importance of cardiac implants is also increasing globally. Nevertheless, hyperchloremia can appear when water losses surpass sodium and chloride losses when the capability to tackle high chloride is overpowered, or when the serum bicarbonate is low with a concomitant increase in chloride as appears with a normal anion gap metabolic acidosis or respiratory alkalosis.
  • Rigorous Government Regulations to Increase Physical Activities - Even, though there have been more national initiatives in recent years to address physical inactivity and NCDs, 28% of these plans are reportedly unfunded or not being implemented. Although mass participation in physical activity events is thought to be a "best buy" for encouraging people to fight non-communicable diseases (NCDs), the survey revealed that in the past two years, just slightly more than 50% of countries had organized or conducted national communications campaigns. In addition to delaying these projects, the COVID-19 pandemic has impacted the execution of other policies, increasing disparities in many communities' access to and opportunities for physical exercise.

Challenges

  • Electrolytes Can Cause Different Types of Disorders - The most common electrolyte abnormality is hyponatremia. When the serum sodium level is less than 135 mmol/L, hyponatremia is diagnosed. There are neurological signs of hyponatremia. Patients may exhibit delirium, headaches, nausea, and confusion. When serum sodium levels are higher than 145 mmol/L, hypernatremia is the result. Restlessness, tachypnea, and trouble sleeping are signs of hypernatremia. Osmotic demyelination syndrome (ODS) and cerebral edema are two serious side effects of rapid sodium adjustments. Malnutrition and chronic alcohol misuse disorders are two additional factors that contribute to the development of ODS. Arrhythmias of the heart may arise from abnormalities in potassium. When serum potassium levels are less than 4 mmol/L, hypokalemia is the result. Hypokalemia manifests as weakness, lethargy, and twitching of the muscles. Generalized bodily weakness caused by hypokalemic paralysis might be inherited or occur occasionally. When serum potassium levels are higher than 5 mmol/L, it is referred to as hyperkalemia and can cause arrhythmias.
  • Lack of Knowledge and Skill in People
  • The Excessive Cost Related to Progressed Electrolyte Analyzers

Electrolyte Reagents Market: Key Insights

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

  • Asia Pacific (Japan, China, India, Australia, Others)
  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Author Credits:  Radhika Pawar


  • Report ID: 5976
  • Published Date: Apr 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing incorporation of electrolytes in daily life globally will majorly drive the market growth of the electrolyte reagents market.

The market size of the electrolyte reagents market is expected to get a CAGR of approximately 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Convergent Technologies, Randox Laboratories, Merck Group, Nova-Tech InternationalInc., EKF Diagnostics USA, Beckmann Coulter Inc., Abbott Lab, J S Medicina Electronica, URIT Medical Electronic, HANNA Instruments, Daiichi Sankyo Co., Ltd., Takeda Pharmaceutical Co., Ltd., Astellas Pharma Inc., Chugai Pharmaceutical Co.

The diagnostic laboratories segment is anticipated to reap the largest market size with almost 43% by the end of 2036 and demonstrate substantial growth scopes.

The market in the North American region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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