Blood Ketone Meter Market Share, Size, Trends, Industry Analysis Report, By Product (Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, Consumables), By Application (Human, Veterinary), By End-Use, By Region; Segment Forecast, 2022 - 2030

Blood Ketone Meter Market Share, Size, Trends, Industry Analysis Report, By Product (Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, Consumables), By Application (Human, Veterinary), By End-Use, By Region; Segment Forecast, 2022 - 2030

The global blood ketone meter market size is expected to reach USD 725.35 million by 2030 according to a new study by Polaris Market Research. The report “Blood Ketone Meter Market Share, Size, Trends, Industry Analysis Report, By Product (Blood Ketone Monitoring, Blood Glucose, and Ketone Monitoring, Consumables), By Application (Human, Veterinary), By End-Use, By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The major impelling factor for the market growth includes the increasing occurrence of diabetes-associated problems among the population, along with rising responsiveness about the availability of the blood ketone meter. In addition, growing investment by the leading vendors in the R&D activities also fuels the market development. Furthermore, the onset of COVID-19 stimulates product demand owing to the escalating incidences of diabetes subsequent to covid-19 patients. Hence, these are the certain factors that may bring an upsurge in the market demand in the impending years.

Based on the end-use, the hospital segment is dominating the global market owing to the factors such as escalating hospital admissions. In addition, the rising number of diabetic patients, majorly the geriatric population, during the pandemic is also boosting the segment growth. At the same time, the home care settings segment is expected to rise at the highest CAGR in the foreseen years. The accessibility of skilled nurses and the growing inclination for home care in emerging and developed nations are further supporting the segment demand.