The Global Veterinary Glucometers Industry is poised for remarkable expansion, with a projected value of US$ 351.3 million in 2023 expected to soar to an impressive US$ 574.9 million by 2033. This robust growth is anticipated to be driven by a substantial Compound Annual Growth Rate (CAGR) of 5.0% throughout the forecast period.
The burgeoning demand for advanced healthcare solutions for our four-legged companions is a key factor propelling the growth of the veterinary glucometers market. As pet owners increasingly prioritize their animals’ well-being, the need for efficient and accurate blood glucose monitoring tools has surged, contributing to the substantial market expansion.
Veterinary glucometers are used to determine the glucose level in the companion animals. The veterinary glucometers are specially used for the dogs and cats.The Veterinary glucometers are portable devices which are easy to use and easily handled by vets and suitable for use by diabetic pet owners.It is a hand handled device which can be used in-practice, in the field or at home as well. 1.5µl of blood sample is required for performing the test and results can be acquired in a very short time of period of 8 seconds.The veterinary glucometers are very useful devices for monitoring animal diabetes.
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By using veterinary glucometers, it is easy to use glucose test in a practice at field or at home. It is based on biosensor and auto code technology.These veterinary glucometers have an additional bell or whistle and have the ability to upload readings in an electronic format after performing the test.
Global Veterinary Glucometers Industry: Drivers and Restrains
The global market of veterinary glucometers is expected to driven by advancing technology in veterinary glucometers market place.
The market is expected to grow by some factors such as clients expect a higher level of care and nominally invasive procedures for their pets which propositionally boost up the growth of the market.
The lack of experience can act as a restraint of the market.
Global Veterinary Glucometers Industry: Overview
Based on animal type is the major segment of the veterinary glucometers market which includes companion animals such as dogs and cats.
The other segment of Global Veterinary Glucometers Industry is based on end user which includes veterinary hospitals, Veterinary Clinics and homecare settings.
Global Veterinary Glucometers Industry: Regional overview
Region wise, the Global Veterinary Glucometers Industry is classified into regions namely North America, Latin America, Eastern Europe, Western Europe, Japan, Asia-Pacific, Middle East and Africa. North America is expected to lead the market with better healthcare facilities and growing advancing technology in the region.
The second largest market hold by Europe market followed by Asia pacific due to increasing awareness for veterinary diseases.
Global Veterinary Glucometers Industry: Key Players
Some of the major global players in the market are Nova Biomedical, TaiDoc Technology Corporation, BioNote Inc., Woodley Equipment Company Ltd., i-SENS. Inc., MED TRUST, UltiMed, Inc., Biotest Medical Corp. etc.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
- Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
- Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and, Africa (GCC, S. Africa, N. Africa Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Veterinary Glucometers Industry: Segmentation
The veterinary micro-fiber endoscope market is segmented into animal type and end user.
Global Veterinary Glucometers Industry, by Animal Type-
- Dogs
- Cats
Global Veterinary Glucometers Industry, by End User-
- Veterinary Hospitals
- Veterinary Clinics
- Homecare Settings
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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