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Veterinary Glucometers Market By Glucometer Type (Venous, Subcutaneous, Capillary); By End-User (Veterinary Hospitals, Veterinary Clinics, Animal Research Institutes, Homecare Settings) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Veterinary Glucometers Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Veterinary Glucometers Market Overview

Veterinary glucometers measure the glucose content in the blood but since glucose levels are dependent on plasma quantity in the blood, most of the glucometers perform a calculation and report the estimated plasma glucose levels of the animals. Veterinary glucometers are also used in research to study obesity and diabetes in companion animals. Veterinary glucometer efficiency has been tested on various animals over the past such as in dogs, cats, deer, sheep, cattle, horses, birds, alpacas, ferrets, and rabbits. Veterinary glucometers gained attraction in the recent past for the purpose of checking blood sugar level in companion animals basically including cats and dogs. Veterinary glucometers are easy to use portable devices which can be easily handheld by vets and are suitable for use by diabetic pet owners. Veterinary glucometers generally work through auto code technology and biosensors. These devices are simple to use, be it on field or at home. Veterinary glucometers can estimate and report blood glucose level of companion animals in short period of time ranging from 8-10 seconds. Veterinary glucometers have the ability to upload readings in an electronic format after performing the tests. These devices are light, portable and mostly subcutaneous which makes it easier to use with minimal invasion and nominal blood sample requirement.

Market Size & Forecast

Veterinary Glucometers Market is anticipated to record a significant CAGR 3.8% over the forecast period. The veterinary glucometers market is anticipated to value at USD 20.6 Million during the forecast period. Various chronic and minor diseases as diabetes and obesity in prevailing animal population needing vaccination and treatment are anticipated to affect the global veterinary glucometers market positively over the forecast period i.e. 2018-2027.

The Veterinary glucometer market is anticipated to increase over the forecast period on account of increasing disposable incomes of the present population in developed as well as developing regions with increasing trend towards companion animal’s healthcare wellness. The rising trend of companion animal adoption for the purpose of safety, companionship and healthy heart, the veterinary glucometers market is expected to propel at a decent pace across the globe. Additionally, increasing geriatric population adopting companion animals and treating them as family is anticipated to expand the veterinary glucometer market during the forecast period.

On the basis of regional platform, global Veterinary Glucometers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America is anticipated to showcase the highest growth rate over the forecast period on account of increasing adoption rate of companion animals across the region over the forecast period and rising awareness regarding veterinary health among the population of the region. Europe is expected to follow North America in terms of value of veterinary glucometer market on the back of increasing healthcare awareness regarding animal health across the region.

Asia-Pacific is anticipated to display a significant growth rate on account of increasing disposable income of the demographics in the region with changing living standards of the population across the region on the back of improving economy. Additionally, rising trend of increased adoption of companion animals for better mental health is predicted to increase the demand for veterinary glucometers across the region during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

Veterinary Glucometers Market

Market Segmentation

Our-in depth analysis of the global Veterinary Glucometers market includes the following segments:

By Glucometer Type

  • Venous
  • Subcutaneous
  • Capillary

By End-User

  • Veterinary Hospitals
  • Veterinary Clinics
  • Animal Research Institutes
  • Homecare Settings

By Region

Global Veterinary Glucometers Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Veterinary Glucometers Market Graph

Growth Drivers & Challenges

The increasing trend of embracing companion animal’s health across the globe for various reasons such as better mental health, safe and wholesome home environment as well as worthy companionship is expected to increase the demand for veterinary glucometers over the forecast period. Additionally, increasing health disorders such as diabetes and obesity in companion animals on the back of unhealthy and irregular feeding is anticipated to furthermore propel the veterinary glucometers demand among the pet owners as well as veterinarian’s population. American Veterinary Medical Association has reported that there has been an increase in the cases of companion animals diagnosed with type II diabetes since 2011. This increase in the number of veterinary diabetic patients is anticipated to add up to the speedy growth of veterinary glucometer market over the forecast period. Moreover, increasing living standards across the developed and developing regions of the world has displayed in an average adoption rate of 2 companion animals per family in the recent past which is predicted to increase the demand for veterinary glucometers across the globe over the forecast period. Furthermore, the minimally invasive application of most veterinary glucometers with the factors of portability and light weight is estimated to drive the market at a steady pace during the estimation period.

However, lack of expertise or dearth of knowledge to use these devices among the pet owners population is expected to behave as a restraint for the veterinary glucometers market in the developing and under-developed regions during the forecast period.

Key Players

  • Zoetis
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Woodley Equipment Company Ltd.
  • Nova Biomedical
  • BioNote Inc.
  • Arkray, Inc.
  • UltiMed, Inc.
  • Medray
  • Biotest Medical Corp.
  • Med TRUST
  • Abbott

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