VETERINARY BLOOD GLUCOSE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Veterinary blood glucose testing is a crucial aspect of veterinary medicine that helps diagnose and monitor various conditions in animals, especially diabetes. Similar to humans, animals can also develop diabetes, and it is essential to monitor their blood glucose levels to ensure their well-being. The veterinary blood glucose market plays a significant role in providing veterinarians with the necessary tools and equipment to carry out these tests accurately and efficiently.

Market Dynamics:

The global veterinary blood glucose market is witnessing significant growth due to the increasing prevalence of diabetes in animals, coupled with the rising pet adoption rates. The demand for accurate and reliable blood glucose testing devices has surged as veterinarians strive to provide the best possible care for their patients. Moreover, advancements in technology have led to the development of portable and easy-to-use devices, further fueling the market growth. On the other hand, restraints such as the high cost of advanced testing devices and limited availability of skilled professionals may hinder the market growth. For instance, according to a report by The Zebra published on July 11, 2023, there are 471 million pet dogs worldwide, and about 370 million cats are kept as pets. Moreover, according to the same source, dog owners spend more than US$1,000 annually on veterinary check-ups, medication, and medical supplies every year.

However, the veterinary blood glucose market also presents several opportunities for growth. The increasing demand for point-of-care testing devices, advancements in mobile health technologies, and the potential for market expansion in emerging economies offer promising prospects. Moreover, strategic collaborations and product launches by key players in the market contribute to the overall market dynamics.

Key Features of the Study:

• This report provides an in-depth analysis of the global veterinary blood glucose market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global veterinary blood glucose market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Zoetis, Merck, IDEXX Laboratories, Heska Corporation, bioMérieux, Neogen Corporation, URIT Medical Electronic Co.  , Randox Laboratories, DiaSys Diagnostic Systems, Nova Biomedical, Bioptik Technology, SD Biosensor, TaiDoc Technology Corporation, Woodley Equipment Company, i-SENS, EKF Diagnostics, Infopia, Roche Diagnostics, Abbott Laboratories, and Diamond Diagnostics
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global veterinary blood glucose market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary blood glucose market

Detailed Segmentation:

• By Product Type
  • Glucose Meters
  • Test Strips
  • Lancets
  • Others
• By Animal Type
  • Dogs
  • Cats
  • Horses
  • Cattle
  • Others
• By End-use
  • Veterinary Hospitals & Clinics
  • Home Care Settings
  • Veterinary Diagnostic Centers
  • Research Institutes
• By Distribution Channel
  • Offline Stores
  • Online Stores
  • Veterinary Hospitals & Clinics
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players
  • Zoetis
  • Merck
  • IDEXX Laboratories
  • Heska Corporation
  • bioMérieux
  • Neogen Corporation
  • URIT Medical Electronic Co.
  • Randox Laboratories
  • DiaSys Diagnostic Systems
  • Nova Biomedical
  • Bioptik Technology
  • SD Biosensor
  • TaiDoc Technology Corporation
  • Woodley Equipment Company
  • i-SENS
  • EKF Diagnostics
  • Infopia
  • Roche Diagnostics
  • Abbott Laboratories
  • Diamond Diagnostics