Global Veterinary Blood Glucose Market Set to Expand to USD 2.8 Billion by 2033 at a 9.1% CAGR

This market focuses on the development, production, and distribution of devices and solutions designed for monitoring and managing blood glucose levels in animals, addressing both clinical and at-home needs.

Key products include glucose meters, test strips, and continuous glucose monitoring (CGM) systems, which are essential for diagnosing and managing diabetes in pets and livestock. The market’s growth is fueled by the rising prevalence of diabetes in animals, the increasing emphasis on advanced veterinary care, and heightened awareness among pet owners regarding animal health.

Regionally, North America leads the market due to high adoption rates of veterinary technologies and an established pet healthcare infrastructure. Europe follows, driven by a strong focus on animal welfare and innovative product offerings. Emerging markets in the Asia-Pacific region are witnessing rapid growth, supported by the rising number of pet owners and increased spending on animal healthcare.

The market reflects a broader trend towards enhanced animal health and wellbeing, with technological advancements like smartphone-compatible glucose meters and wearable CGM devices paving the way for improved diabetes management in animals. These innovations, along with growing collaborations between veterinary clinics and diagnostic solution providers, are expected to drive sustained market growth.

The Veterinary Blood Glucose Market is projected to grow from $1.2 billion in 2023 to $2.8 billion by 2033, at a CAGR of 9.1%.

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  • 18 – Chapter
  • 349 – Pages
  • Industry: Medical Devices

Key trends:

The veterinary blood glucose market is experiencing robust growth, driven by the increasing prevalence of diabetes in pets. This rise in pet diabetes is prompting pet owners to seek regular monitoring and management solutions, thereby boosting market demand. Technological advancements in glucose monitoring devices are also playing a pivotal role. Innovations such as continuous glucose monitoring systems and non-invasive devices are gaining traction, offering pet owners more convenient and accurate options.

Furthermore, the growing awareness of pet health and wellness is encouraging regular veterinary visits, leading to increased demand for blood glucose testing. The surge in pet insurance adoption is another significant driver, as it enables pet owners to afford comprehensive healthcare services, including glucose monitoring. The expansion of veterinary clinics and hospitals, particularly in emerging markets, is creating new opportunities for market growth.

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Market Segmentation:

By Type:

  • Handheld Devices,
  • Continuous Glucose Monitoring Systems,
  • Portable Meters

By Application:

  • Diabetes Management,
  • Research

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Data Summary:

HISTORICAL PERIOD

2017-2022

FORECAST PERIOD

2024-2033

BASE YEAR

2023

MARKET SIZE IN 2023

$1.2 Billion

MARKET SIZE IN 2033

$2.8 Billion

CAGR

9.1%

SEGMENTS COVERED

Type, Product, Services, Technology, Application, End User, Device, Component, Functionality

ANALYSIS COVERAGE

Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events, SWOT Analysis and Developments

Research Scope:

  • Estimates and forecasts the overall market size across type, application, and region.
  • Provides detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling.
  • Identifies factors influencing market growth and challenges, opportunities, drivers, and restraints.
  • Identifies factors that could limit company participation in international markets to help calibrate market share expectations and growth rates.
  • Evaluates key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities.
  • Analyzes smaller market segments strategically, focusing on their potential, growth patterns, and impact on the overall market.
  • Outlines the competitive landscape, assessing business and corporate strategies to monitor and dissect competitive advancements.

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Key Players:

  • Zoetis
  • IDEXX Laboratories
  • Abaxis
  • Vet Scan
  • Accu- Chek
  • Alpha TRAK
  • SENS
  • Tai Doc Technology
  • Nova Biomedical
  • ARKRAY
  • Aga Matrix

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East and Africa (UAE, Saudi Arabia, Rest of Middle East And Africa)

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