Veterinary Blood Glucose Market Size and Trends
The veterinary blood glucose monitoring devices market size is expected to reach US$ 874.5 million by 2030, from US$ 460.3 million in 2023, at a CAGR of 9.6% during the forecast period. Veterinary blood glucose meters are point-of-care devices used to measure blood glucose levels in animals. They provide fast, accurate glucose readings and help vets diagnose diabetes, monitor glucose fluctuations, and adjust treatment plans. Rising companion animal population, growing prevalence of diabetes in pets, advancements in animal healthcare, and increased spending on pet care are the key factors driving the market growth. For instance, according to Vetsource, a company which provides comprehensive solutions in petcare, estimated one in every 300 dogs and one in 230 cats will develop diabetes during their lifetimes. The prevalence of the disease has been rising, with an increase of nearly 80% in dogs and 18% in cats over a 10-year period.
Veterinary Blood Glucose Market Trends:
- Integration with Smart Devices and Apps: Integrating blood glucose slab kits with smart smartphone apps, wearables, Bluetooth-enabled meters, and data management software is a major trend. Connected device capabilities allow easy documentation, visualization of pet glucose data, and sharing with vets for better monitoring and treatment. Users can get alerts, reminders, and insights into trends. Leading companies are acquiring startups in this niche or developing proprietary apps to provide a 360-degree pet diabetes management ecosystem centered on the stone slab kit.
- Focus on Improving Ease-of-Use: Players in the veterinary blood glucose market are focused on enhancing product designs to make devices extremely simple and hassle-free to operate. Efforts to improve ergonomics, minimize pain from lancing, and enable quick, mess-free blood loading on slabs is rising. Companies are incorporating special coatings to facilitate smooth blood flow and faster readings. Retractable lancets and one-touch buttons make home testing easier. The current trend is moving towards the development of compact and portable measurement devices designed for convenient home-based testing on small animals.
- Adoption of Alternative Sampling Sites: Another prominent trend is increasing the use of alternative or less sensitive sampling sites for blood glucose testing in pets. Earlobes, lower lip, forearm, hind leg, and flank region are gaining prominence compared to paw pads. This causes less discomfort and stress. Companies are marketing special caps for testing blood from these alternate sites. The adoption of slab kits capable of generating accurate readings from less blood due to micro-sampling technology will rise due to this trend.
- Launch of Species-specific Test Slabs: Manufacturers are innovating stone slabs customized for different animal species like canine, feline, and equine to meet varying clinical needs. Customized test parameters, algorithm-based calibration as per animal metabolic profile and specific enzyme reactivity improve accuracy. Species-specific slabs will gain popularity over generic slabs. Companies with broad veterinary test menus catering to different animals will have competitive edge. More targeted product development is on the rise.