PUBLISHER: Orion Market Research | PRODUCT CODE: 1505197
PUBLISHER: Orion Market Research | PRODUCT CODE: 1505197
Global Veterinary Glucose Monitoring Devices Market 2024-2031
Global 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 structure that provides 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
Market Players Outlook
Table of Contents
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
3. Competitive Landscape
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
LIST OF TABLES
- 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)
24. European Veterinary Glucose Monitoring Devices Market Research And Analysis By Product, 2023-2031 ($ Million
LIST OF FIGURES
