Global Companion Animal Blood Glucose Monitoring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Companion Animal Blood Glucose Monitoring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Blood glucose monitoring system designed specifically for diabetic Companion Anima.

Market Overview:

The latest research study on the global Companion Animal Blood Glucose Monitoring market finds that the global Companion Animal Blood Glucose Monitoring market reached a value of USD 169.64 million in 2022. It’s expected that the market will achieve USD 323.34 million by 2028, exhibiting a CAGR of 11.35% during the forecast period.

Companion Animal Blood Glucose Monitoring Opportunities and Drivers

Nowadays, more and more attention is paid to domestic pets, and the food provided by the owner is even more varied. Eating more and more and not keeping up with the amount of exercise, pets are getting fatter. Pet diabetes is becoming more and more common. In recent years, the rate of diabetes in pets in the United States has tripled from 1970, and the prevalence of dogs is about 0.7%. In addition to being given high-fiber and low-fat foods, sick pets can also take lecithin to assist in the treatment. If necessary, they need to be injected with insulin every day, and diagnosis is required as soon as possible. Pets are the easiest to control when they get sick in the early stage, and in the middle and late stages, they are already involved in life risks, which can cause complications such as cataracts, hypokalemia, and metabolic acidemia. Therefore, the demand market for companion animal blood glucose monitoring products steadily expands with economic development.

In recent years, with the rapid increase in the number of pets and pets, pet medical care as an inevitable service has also ushered in rapid growth. Take China as an example. In 2019, the pet hospital market in China 30 billion yuan, and the industry growth rate will be around 13%. In the future, the degree of competition in the regional market will be further improved. Pet hospitals with insufficient management capabilities will be eliminated. Large-scale chain pet hospitals may close some stores with poor operating results, optimize the allocation of medical resources under its umbrella, and improve overall operation and management effectiveness. The market competition pattern will also be further clarified. As the competitive advantages and market position of large-scale chain pet hospitals are further consolidated, their market share is expected to increase, and the concentration of the pet medical market will also increase. After the further development and improvement of important downstream industries, the companion animal blood glucose monitoring industry will develop rapidly.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Zoetis, ACON Laboratories, Nova Biomedical with the revenue market share of 30.83%, 25.55% and 5.89% in 2019.

Zoetis is a global animal health company dedicated to supporting customers and their businesses in ever better ways. Building on 60 years of experience, Zoetis delivers quality medicines and vaccines, complemented by diagnostic products and genetic tests and supported by a range of
services.

For over 23 years, ACON has led the way in making high quality diagnostic and medical devices more affordable to people all around the world. The ACON name is well known in over 130
countries.

Segmentation Overview:

Among different product types, Blood Glucose Strips segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Point-of-care/In-house Testing segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Companion Animal Blood Glucose Monitoring market covered in Chapter 3:

Biotest Medical Corp
ACON Laboratories
Teco Diagnostics
VivaChek Laboratories， Inc.
I-Sens
Pharma Supply
Arkray
Woodley Equipment
Zoetis
Nova Biomedical
Ultimed

In Chapter 4 and Chapter 14.2, on the basis of types, the Companion Animal Blood Glucose Monitoring market from 2018 to 2029 is primarily split into:

Blood Glucose Strips
Glucose Monitors
Urine Glucose Strips

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Companion Animal Blood Glucose Monitoring market from 2018 to 2029 covers:

Veterinary Reference Laboratories
Veterinary Hospitals and Clinics
Point-of-care/In-house Testing
Research Institutes and Universities

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)