Blood Ketone Meter Market, by Product Type (Only Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, and Consumables), by Application (Human and Veterinary), by End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Home Care Sett

Blood Ketone Meter Market, by Product Type (Only Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, and Consumables), by Application (Human and Veterinary), by End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Home Care Settings, Veterinary Hospitals and Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Ketones are produced by the body by breaking down fats and the process is known as ketosis. The body produces ketones when there is an insufficient supply of sugar in the cells due to low level of insulin. Hence, the body starts breaking down fat to provide ketones as an alternative source of energy to sugar. Ketosis also leads to weight loss and other benefits such as appetite control and improves heart health by reducing cholesterol.
However, production of ketones in excessive amounts can cause ketoacidosis, a condition where the blood becomes acidic. Ketoacidosis commonly affects people with type 1 diabetes due to low insulin levels and is known as diabetic ketoacidosis (DKA). Hence, it is very important for people who are suffering from diabetes to monitor their ketone levels. Blood ketone meters are the devices used to measure the level of ketones present in the blood.
Market Dynamics
Increasing incidence of diabetes coupled with rising cases of diabetic ketoacidosis due to diabetes are expected to drive the blood ketone meter market growth. For instance, according to the International Diabetes Federation report, 2021, around 463 million adults of age group 20 to 79 years were suffering from diabetes worldwide in 2021 and is estimated to reach 700 million by 2045. According to the Centers for Disease Control and Prevention (CDC), March 2018, around 30 per 1,000 patients were hospitalized due to diabetic ketoacidosis in the U.S. during 2009 to 2014.
Moreover, several launches and approvals of new blood ketone meters are also expected to boost growth of the blood ketone meter market over the forecast period. For instance, in July 2018, Nova Biomedical received 510 (k) U.S.FDA clearance for its StatStrip glucose/ketone hospital meter system, the first finger-stick capillary testing meter for critically ill patients with and without diabetes. The device can be used with arterial, venous or capillary specimens from all patients including critically ill patients.
Key features of the study:
This report provides in-depth analysis of the global blood ketone meter market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix 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 leading players
It profiles key players in the global blood ketone meter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Abbott Laboratories, ACON Laboratories Inc., Nipro Corporation, Keto-Mojo, PortaCheck Inc., Nova Biomedical, GlucoRx Limited, EKF Diagnostics Holdings Plc, Taidoc Technology Corporation, ForaCare Inc., Bruno MD, and Apex Biotechnology Corporation
Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global blood ketone meter market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for blood ketone meter market, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:
Global Blood Ketone Meter Market, By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
Global Blood Ketone Meter Market, By Application:
Human
Veterinary
Global Blood Ketone Meter Market, By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
Global Blood Ketone Meter Market, By Region:
North America
By Country:
U.S.
Canada
By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
By Application:
Human
Veterinary
By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
By Application:
Human
Veterinary
By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
By Application:
Human
Veterinary
By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
By Application:
Human
Veterinary
By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
By End User:
Antibiotics
Corticosteroids
Monoclonal Antibody
Leukotriene Inhibitors
Others
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
By Application:
Human
Veterinary
By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
Africa
By Country/Region:
South Africa
Central Africa
North Africa
By Product Type:
Only Blood Ketone Monitoring
Blood Glucose and Ketone Monitoring
Consumables
By Application:
Human
Veterinary
By End User:
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Home Care Settings
Veterinary Hospitals and Clinics
Others
Company Profiles
Abbott Laboratories*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
ACON Laboratories Inc.
Nipro Corporation
Keto-Mojo
PortaCheck Inc.
Nova Biomedical
GlucoRx Limited
EKF Diagnostics Holdings Plc
Taidoc Technology Corporation
ForaCare Inc.
Bruno MD
Apex Biotechnology Corporation
“*” marked represents similar segmentation in other categories in the respective section.