Veterinary Glucose Monitoring Devices Market
Veterinary Glucose Monitoring Devices Market Size, Share & Trends Analysis Report by Product (Glucose Meters, Continuous glucose monitors (CGMs), Veterinary Blood Analyzer, and Consumables) by End-User (Veterinary Hospitals & Clinics, Home Care Settings, and Veterinary Diagnostic Centers), by Animal Type (Dogs, Cats, and Horses), by Distribution Channel (Online Stores and Offline Stores) Forecast Period (2024-2031)
Veterinary glucose monitoring devices market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period (2024-2031). Veterinary glucose monitoring devices are physical devices used to measure glucose levels in pets, such as continuous glucose monitors (CGMs) and point-of-care blood glucose meters, for managing diabetes. It is a software structures that provide a foundation for building applications, such as data analysis and trend tracking for managing pet diabetes data.
Market Dynamics
Rising pet ownership
The global pet population is on the rise, with more people keeping dogs, cats, and other animals as companions. This translates to a larger market for pet healthcare products and services. For instance, in April 2024 pet ownership in the US led to a surge in pet care spending, exceeding $136 billion in 2022. This growth is expected to continue as pet owners are gaining higher awareness regarding animal diseases such as diabetes.
Market Segmentation
- Based on product, the market is sub-segmented into glucose meters, continuous glucose monitors (CGMs), veterinary blood analyzers, and consumables.
- Based on animal type, the market is segmented into cats, dogs, and horses.
- Based on end-users, the market is segmented into veterinary hospitals & clinics, home care settings, and veterinary diagnostic centers.
- Based on distribution channels, the market is segmented into online stores and offline stores.
Offline Stores is Projected to Emerge as the Largest Segment
Based on the distribution channel, the global veterinary glucose monitoring devices market is sub-segmented into online stores and offline stores. Among these, the offline stores sub-segment is expected to hold the largest share of the market. The presence of professional guidance, trust, training, product complexity, regulatory compliance, immediate availability, and building relationships are major contributing factors to the high share of this market segment. Veterinarians provide expert advice on suitable devices, while offline stores offer hands-on demonstrations and answers to questions. They ensure compliance with regulations, providing peace of mind about the device's safety and accuracy. Despite online retail's convenience and competitive pricing, offline stores offer personalized guidance, training, and immediate availability for pet owners.
Glucose Meters Holds a Considerable Market Share
Glucose meters hold a considerable market share in the veterinary glucose monitoring devices market. Glucose meters are the most popular choice due to their affordability, ease of use, and established technology. They are less expensive than continuous glucose monitors and veterinary blood analyzers, making them accessible to a wider range of pet owners.
Regional Outlook
The global veterinary glucose monitoring devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Veterinary Glucose Monitoring Devices Market Growth by Region 2024-2031
North America Holds Major Market Share
North America holds a significant share owing to the rising demand for glucose monitoring devices across the region. High pet ownership, growing pet population, rising disposable income, growing pet health awareness, and favorable conditions for pet diabetes are major contributors to the regional market growth. The growing emphasis on preventative care and pet insurance further contributes to the market growth. The region's supportive veterinary infrastructure, focus on preventative care, and rising pet insurance coverage also incentivize pet owners to invest in these devices.
Market Players Outlook
The major companies serving the global veterinary glucose monitoring devices market include Zoetis Inc., IDEXX, Trividia Health, Inc., TaiDoc Technology Corp., and UltiMed, Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2023, Zoetis Inc. launched the AlphaTrak 3 blood glucose monitoring system for diabetic cats and dogs in the US, featuring a new mobile app for seamless data sharing between pet owners and vets.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global veterinary glucose monitoring devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Zoetis, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IDEXX Laboratories, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. UltiMed, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Veterinary Glucose Monitoring Devices Market by Product
4.1.1. Glucose Meters
4.1.2. Continuous glucose monitors (CGMs)
4.1.3. Veterinary Blood Analyzer
4.1.4. Consumables
4.2. Global Veterinary Glucose Monitoring Devices Market by Animal Type
4.2.1. Dogs
4.2.2. Cats
4.2.3. Horses
4.3. Global Veterinary Glucose Monitoring Devices Market by End-User
4.3.1 Veterinary Hospitals & Clinics
4.3.2 Home Care Settings
4.3.3 Veterinary Diagnostic Centers
4.4. Global Veterinary Glucose Monitoring Devices Market by Distribution Channel
4.4.1 Online Stores
4.4.2 Offline Stores
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. AccuBioTech Co., Ltd
6.2. ACON Laboratories Inc.
6.3. Allison Medical, Inc.
6.4. ALR Technologies
6.5. Arkray Inc.
6.6. Biotest AG
6.7. CEI Technology Inc.
6.8. Covetrus
6.9. DSI International, Inc.
6.10. i-SENS, Inc.
6.11. MED TRUST
6.12. Nova Biomedical
6.13. TaiDoc Technology Corp.
6.14. Teco Diagnostics
6.15. Trividia Health, Inc.
6.16. UltiMed, Inc.
6.17. Woodley Equipment
1. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
2. GLOBAL VETERINARY GLUCOSE METERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL VETERINARY CONTINUE GLUCOSE MONITOR MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL VETERINARY BLOOD ANALYZER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES CONSUMABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY 2023-2031 ($ MILLION)
7. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR VETERINARY HOSPITALS AND CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR VETERINARY DIAGNOSTIC CENTER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR HOMECARE SETTING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2023-2031 ($ MILLION)
11. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR CAT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR DOG MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR HORSES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL 2023-2031 ($ MILLION)
15. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES IN OFFLINE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES IN ONLINE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. NORTH AMERICAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. NORTH AMERICAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
20. NORTH AMERICAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2023-2031 ($ MILLION)
21. NORTH AMERICAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
22. NORTH AMERICAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
23. EUROPEAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. EUROPEAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION
25. EUROPEAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2023-2031 ($ MILLION)
26. EUROPEAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
27. EUROPEAN VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
28. ASIA-PACIFIC VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
29. ASIA-PACIFIC VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
30. ASIA-PACIFIC VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2023-2031 ($ MILLION)
31. ASIA-PACIFIC VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
32. ASIA-PACIFIC VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
33. REST OF THE WORLD VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
34. REST OF THE WORLD VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
35. REST OF THE WORLD VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY ANIMAL TYPE, 2023-2031 ($ MILLION)
36. REST OF THE WORLD VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
37. REST OF THE WORLD VETERINARY GLUCOSE MONITORING DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET SHARE BY PRODUCT, 2023 VS 2031 (%)
2. GLOBAL VETERINARY GLUCOSE METER MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL VETERINARY CONTINUOUS GLUCOSE MONITOR MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL VETERINARY BLOOD ANALYZER MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES CONSUMABLES MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET SHARE BY ANIMAL TYPE, 2023 VS 2031 (%)
7. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR CAT MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR DOG MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR HORSES MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET SHARE BY DISTRIBUTION CHANNEL, 2023 VS 2031 (%)
11. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES IN ONLINE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES IN OFFLINE STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET SHARE BY END-USER, 2023 VS 2031 (%)
14. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR VETERINARY HOSPITALS AND CLINICS MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR HOMECARE SETTINGS MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES FOR VETERINARY DIAGNOSTIC CENTERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL VETERINARY GLUCOSE MONITORING DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. US VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
19. CANADA VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
20. UK VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
21. FRANCE VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
22. GERMANY VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
23. ITALY VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
24. SPAIN VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
25. REST OF EUROPE VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
26. INDIA VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
27. CHINA VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
28. JAPAN VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
29. SOUTH KOREA VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
30. REST OF ASIA-PACIFIC VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
31. LATIN AMERICA VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
32. MIDDLE EAST AND AFRICA VETERINARY GLUCOSE MONITORING DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
