Global Veterinary Glucose Monitoring Devices Market Introduction and Overview
According to SPER Market Research, the Global Veterinary Glucose Monitoring Devices Market is estimated to reach USD 1527.55 million by 2033 with a CAGR of 7.89%.
The report includes an in-depth analysis of the Global Veterinary Glucose Monitoring Devices Market, including market size and trends, product mix, applications, and supplier analysis. Veterinary glucose monitoring devices are specialized gadgets used to measure blood glucose levels in animals, notably diabetics. These devices work similarly to human glucose meters, collecting small blood samples from a pet's ear, paw, or other easily accessible places. The glucose levels are then detected via electrochemical sensing, which involves a test strip reacting with the glucose in the blood to provide a digital result. Veterinary glucose monitoring is critical for controlling illnesses such as diabetes in animals, allowing veterinarians and pet owners to adjust insulin doses and food regimens to maintain normal glucose levels.
- ALR Technologies SG Ltd. intends to debut GluCurve Pet CGM in Canada in August 2023, with direct sales to veterinarian clinics beginning in Q3 2023 via GluCurve.ca, using inventory from a recently purchased order.
- In February 2023, Zoetis announced the AlphaTrak 3 blood glucose monitoring system for diabetic cats and dogs in the United States, which includes a new mobile app for easy data exchange between pet owners and veterinarians.
Market Opportunities and Challenges
Opportunities- The rising prevalence of diabetes in animals, together with increased pet adoption, rapid technological improvements, and a trend to homecare monitoring, are driving market expansion. Diabetes is becoming increasingly common among pets, particularly cats and dogs. Obesity, aging populations, and genetic susceptibility all contribute to the increasing prevalence of diabetes in animals, which is predicted to drive up demand for glucose monitoring devices for effective management. The number of pets diagnosed with diabetes has significantly increased in recent years. Changes in pet diets, decreased physical activity, and genetic predispositions all contribute to this tendency. As more pets are diagnosed with diabetes, there is a greater need for accurate monitoring and management of blood glucose levels.
Challenges- Pet owners may find themselves severely financially burdened by the initial cost of veterinary glucose monitoring equipment as well as continuing maintenance and supply costs. These gadgets might be out of reach for many pet owners, particularly those with several animals or little extra cash. Therefore, the high cost of devices is impeding the growth of the market.
Market Competitive Landscape
The Global Veterinary Glucose Monitoring Devices Market is fragmented. Some of the market key players are AccuBioTech Co., Ltd, ACON Laboratories Inc., Allison Medical, Inc., IDEXX, i-SENS, Inc., MED TRUST, TaiDoc Technology Corporation, Teco Diagnostics, Trividia Health, Inc., UltiMed, Inc., Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Animal Type, By End Use, By Distribution Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | AccuBioTech Co., Ltd, ACON Laboratories Inc., Allison Medical, Inc., IDEXX, i-SENS, Inc., MED TRUST, TaiDoc Technology Corporation, Teco Diagnostics, Trividia Health, Inc., UltiMed, Inc., Others. |
COVID-19 Impact on Global Veterinary Glucose Monitoring Devices Market
Veterinary clinic visits plummeted as a result of the pandemic, which greatly reduced the demand for veterinary glucose monitoring devices. Due to pet owners delaying unnecessary glucose monitoring appointments, sales decreased. Logistics issues and COVID-19 limits caused supply chains for veterinary glucose monitoring devices to be disrupted. Due to delays in manufacture, distribution, and sourcing, market availability was impacted. Digital options for monitoring and consultations were adopted by veterinary clinics and pet owners, which may fuel future demand for connected glucose monitoring equipment. Consequently, the COVID-19 pandemic affected the market in a moderate way.
Key Target Audience:
- Veterinarians and Veterinary Clinics
- Pet Owners
- Animal Hospitals
- Research Institutions
- Animal Care Professionals
- Pharmaceutical Companies
- Veterinary Distributors and Suppliers
- Veterinary Diagnostic Laboratories
Our in-depth analysis of the Global Veterinary Glucose Monitoring Devices Market includes the following segments:
| By Product: | Glucose MetersContinuous Glucose Monitors (CGMs)Veterinary Blood AnalyzerConsumables |
| By Animal Type: | DogsCatsHorsesOther Animals |
| By End-use: | Veterinary Hospitals & ClinicsHome Care SettingsVeterinary Diagnostic CentersOthers |
| By Distribution Channel: | Online StoresOffline Stores |
Key Topics Covered in the Report:
- Global Veterinary Glucose Monitoring Devices Market Size (FY’2024-FY’2033)
- Overview of Global Veterinary Glucose Monitoring Devices Market
- Segmentation of Global Veterinary Glucose Monitoring Devices Market By Product ( Glucose Meters, Continuous Glucose Monitors (CGMs), Veterinary Blood Analyzer, Consumables)
- Segmentation of Global Veterinary Glucose Monitoring Devices Market By Animal Type (Dogs, Cats, Horses, Other Animals)
- Segmentation of Global Veterinary Glucose Monitoring Devices Market By Enterprise Size {(Small and Medium-sized Enterprises (SMEs), Large Enterprises)}
- Segmentation of Global Veterinary Glucose Monitoring Devices Market By End Use (Veterinary Hospitals & Clinics, Home Care Settings, Veterinary Diagnostic Centers, Others)
- Segmentation of Global Veterinary Glucose Monitoring Devices Market By Distribution Channel (Online Stores, Offline Stores)
- Statistical Snap of Global Veterinary Glucose Monitoring Devices Market
- Expansion Analysis of Global Veterinary Glucose Monitoring Devices Market
- Problems and Obstacles in Global Veterinary Glucose Monitoring Devices Market
- Competitive Landscape in the Global Veterinary Glucose Monitoring Devices Market
- Impact of COVID-19 and Demonetization on Global Veterinary Glucose Monitoring Devices Market
- Details on Current Investment in Global Veterinary Glucose Monitoring Devices Market
- Competitive Analysis of Global Veterinary Glucose Monitoring Devices Market
- Prominent Players in the Global Veterinary Glucose Monitoring Devices Market
- SWOT Analysis of Global Veterinary Glucose Monitoring Devices Market
- Global Veterinary Glucose Monitoring Devices Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Veterinary Glucose Monitoring Devices Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Veterinary Glucose Monitoring Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Veterinary Glucose Monitoring Devices Market
7. Global Veterinary Glucose Monitoring Devices Market, By Product (USD Million) 2020-2033
7.1. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Product, 2020-2026
7.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Product, 2027-2033
7.3. Glucose Meters
7.4. Continuous Glucose Monitors (CGMs)
7.5. Veterinary Blood Analyzer
7.6. Consumables
8. Global Veterinary Glucose Monitoring Devices Market, By Animal Type (USD Million) 2020-2033
8.1. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Animal Type, 2020-2026
8.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Animal Type, 2027-2033
8.3. Dogs
8.4. Cats
8.5. Horses
8.6. Other Animals
9. Global Veterinary Glucose Monitoring Devices Market, By End-use (USD Million) 2020-2033
9.1. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By End-use, 2020-2026
9.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By End-use, 2027-2033
9.3. Veterinary Hospitals & Clinics
9.4. Home Care Settings
9.5. Veterinary Diagnostic Centers
9.6. Others
10. Global Veterinary Glucose Monitoring Devices Market, By Distribution Channel (USD Million) 2020-2033
10.1. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Distribution Channel, 2020-2026
10.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Distribution Channel, 2027-2033
10.3. Online Stores
10.4. Offline Stores
11. Global Veterinary Glucose Monitoring Devices Market Forecast, 2020-2033 (USD Million)
11.1. Global Veterinary Glucose Monitoring Devices Market Size and Market Share
12. Global Veterinary Glucose Monitoring Devices Market, By Region, 2020-2033 (USD Million)
12.1. Global Veterinary Glucose Monitoring Devices Market Size and Market Share By Region (2020-2026)
12.2. Global Veterinary Glucose Monitoring Devices Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Qatar
12.5.4. South Africa
12.5.5. Egypt
12.5.6. Morocco
12.5.7. Nigeria
12.5.8. Rest of Middle-East and Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. AccuBioTech Co., Ltd
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. ACON Laboratories Inc.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Allison Medical, Inc.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. IDEXX
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. i-SENS, Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. MED TRUST
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. TaiDoc Technology Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Teco Diagnostics
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Trividia Health, Inc.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. UltiMed, Inc.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
