Nanotech has already made inroads to the healthcare vertical. Scientists, by the end of the year 2021, did create xenobots (tiny organic robots) that are capable of self-replicating. Nanotech involves usage of nanoscale objects and materials like biocompatible nanomaterials, nanorobots, or even nanoelectric devices to serve exclusive medical purposes like diagnosing/treating living organisms. The Osmolarity Testing Device Market would go nano ways in the next 10 years.
Osmolarity and osmolality are the units of measurement of solute concentration in a solution. Both the techniques are nowadays extensively used for the accurate diagnosis of diseases associated with body fluids. An osmolarity testing device is used to test a variety of solutions such as blood, plasma, urine, serum, cell culture media and others.
Osmolarity measurement is considered as an important tool in diagnostic applications. Osmolarity testing of tears is nowadays considered as the gold standard test for the diagnosis of dry eye syndrome, whereas osmolality of blood and urine determines the salt-to-water balance and the renal function of body.
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These two parameters provide information about several clinical disorders such as electrolyte disturbances, exogenous intoxication and hydration status, owing to the fact that these solute concentrations controls the body fluid movement between intravascular and interstitial spaces of body tissues.
Osmolarity and osmolality testing are used to investigate low sodium levels in the blood (hyponatremia), increased or decreased urine production, alcohol poisoning due to ingestion of toxins and to help determine the cause of chronic diarrhea.
Osmolarity testing devices available in the market are based on techniques such as freezing point depression, vapour pressure and electrical impedance. Each technology has its merits and demerits, varying from time consumed, complexity and results. The freezing point depression method is the oldest method of diagnosis, in which the sample is supercooled to its freezing point.
The increasing trend of miniaturization and development of advanced instruments producing reproducible, accurate and reliable results are fuelling the osmolarity testing devices market as these advanced device enhance the clinician’s ability to diagnose diseases.
In addition to this, increasing awareness, rising healthcare expenditure, growing geriatric population, and improvement in pathological services are also expected to contribute to the growth of the osmolarity testing devices market. Lack of skilled professionals in under-developed and developing countries and the presence of limited market players imit the growth of the osmolarity testing devices market.
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Osmolarity Testing Device Market: Segmentation
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Newer osmolarity testing devices are being developed to increase simplicity, convenience and accuracy for the routine diagnosis as well as to reduce the sample volume and time taken. There is an opportunity for market players to develop low cost and economical devices while improving laboratory efficiency and throughput.
There is also a growing trend in point of care devices for clinical diagnosis using the electrical impedance technique to measure osmolarity.
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Geographically, the market for osmolarity testing devices can be segmented into five regions, North America, Latin America, Europe, Asia Pacific Excluding China, China and Middle East & Africa. North America is pegged to have the highest market share, owing to the fact that the region has a favorable reimbursement scenario as well as good availability of these service.
North America is expected to be followed by Europe in terms of market share, owing to the region’s higher healthcare spending as well as developed healthcare infrastructure.
Asia-Pacific is anticipated to register a significant growth rate over the forecast period, due to the increasing awareness regarding diseases and the rising adoption of advanced healthcare equipment by end users. Latin America, followed by MEA, represents the least growth rate due to the low adoption of these devices in the region.
Examples of some of the market players in the osmolarity testing devices market include Advanced Instruments, Inc., TearLab Corporation, I-MED Pharma inc., ELITechGroup, KNAUER Wissenschaftliche Geräte GmbH, Arkray, Inc., MRC Group, De Bruyne Instruments, Precision Systems Inc. and others.
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