Veterinary Glucose Monitoring Devices Market Trends, Growth, Size, Revenue, Future Outlook
Veterinary Glucose Monitoring Devices Market Growth, Size, Trends Analysis- By Product, By Animal Type, By End Use, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: MEDE2461 | Pages: 1 - 245 | Formats*: |
| Category : Medical Devices | |||
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: | |
| By Animal Type: | |
| By End-use: | |
| By Distribution Channel: |
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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Veterinary Glucose Monitoring Devices Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Veterinary Glucose Monitoring Devices Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2020-20267.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Product, 2027-20337.3. Glucose Meters7.4. Continuous Glucose Monitors (CGMs)7.5. Veterinary Blood Analyzer7.6. 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, 2020-20268.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Animal Type, 2027-20338.3. Dogs8.4. Cats8.5. Horses8.6. 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, 2020-20269.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By End-use, 2027-20339.3. Veterinary Hospitals & Clinics9.4. Home Care Settings9.5. Veterinary Diagnostic Centers9.6. 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, 2020-202610.2. Global Veterinary Glucose Monitoring Devices Market Size, Share and Forecast, By Distribution Channel, 2027-203310.3. Online Stores10.4. 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-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Qatar12.5.4. South Africa12.5.5. Egypt12.5.6. Morocco12.5.7. Nigeria12.5.8. Rest of Middle-East and Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. AccuBioTech Co., Ltd13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. ACON Laboratories Inc.13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Allison Medical, Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. IDEXX13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. i-SENS, Inc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. MED TRUST13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. TaiDoc Technology Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Teco Diagnostics13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Trividia Health, Inc.13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. UltiMed, Inc.13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. 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.
Frequently Asked Questions About This Report
Veterinary Glucose Monitoring Devices Market grew in Market size from 2024. The Market is expected to reach USD 1527.55 million by 2033, at a CAGR of 7.89% during the forecast period.
Veterinary Glucose Monitoring Devices Market CAGR of 7.89% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Veterinary Glucose Monitoring Devices Market size is USD 1527.55 million from 2024 to 2033.
Veterinary Glucose Monitoring Devices Market is covered By Product, By Animal Type, By End Use and By Distribution Channel
The North America is anticipated to have the highest Market share in the Veterinary Glucose Monitoring Devices Market.
The Key players in the Market include 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.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
Veterinary Glucose Monitoring Devices Market is projected to reach USD 1527.55 million by 2033, growing at a CAGR of 7.89% during the forecast period.
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