Specialized equipment known as veterinary glucose monitoring devices can be used to measure the blood glucose levels of animals, particularly those with diabetes. Like human glucose meters, these devices draw small amounts of blood from a pet’s paw, ear, or other easily accessible areas. Electrochemical sensing is then used to determine the glucose levels using a test strip that reacts with blood glucose to produce a digital response. Because veterinary glucose monitoring allows veterinarians and pet owners to adjust insulin dosages and food programs to maintain blood glucose levels within normal ranges, it is crucial for managing disorders like diabetes in animals.
According to SPER Market Research, ‘Veterinary Glucose Monitoring Devices Market Size- By Product, By Animal Type, By End Use, By Distribution Channel Use – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Veterinary Glucose Monitoring Devices Market is estimated to reach USD 1527.55 million by 2033 with a CAGR of 7.89%.
Drivers: The market is currently at a high growth stage and is growing quickly. One of the primary drivers of market expansion is the rapid advancement of technology. Continuous advancements in veterinary glucose monitoring technology, including as the development of less intrusive equipment, improved accuracy, ease of use, and the integration of digital platforms for data tracking and analysis, are driving market growth.
Restraints: The market for veterinary glucose monitoring devices is hampered by several factors from growing and becoming extensively utilized. The cost of advanced glucose monitoring technology is a major issue that can be prohibitive for both pet owners and veterinary clinics, especially those in undeveloped countries. Additionally, the accuracy and reliability of these devices might vary, which raises concerns regarding proper diagnosis and treatment, particularly when it comes to treating conditions like diabetes in cats. An additional problem that might delay early disease discovery and effective treatment is pet owners’ ignorance and lack of training regarding the importance of glucose monitoring. Furthermore, because veterinary medical equipment usually needs to pass stringent licensing requirements in multiple countries, regulatory restrictions severely limit the market.
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The demand for veterinary glucose monitoring technology was greatly reduced as a result of the pandemic’s dramatic drop in veterinary clinic visits. Pet owners delaying unnecessary glucose monitoring sessions led to a drop in sales. COVID-19 constraints and logistical issues impacted veterinary glucose monitoring device supply chains. Delays in sourcing, manufacturing, and distribution reduced market availability. The usage of digital options for monitoring and consultations by pet owners and veterinary clinics may drive future demand for connected glucose monitoring technology. Consequently, the COVID-19 pandemic had a moderate effect on the market.
Additionally, some of the market key players are, AccuBioTech Co., Ltd, ACON Laboratories Inc., Allison Medical, Inc., IDEXX, i-SENS, Inc., MED TRUST.
Veterinary Glucose Monitoring Devices Market Segmentation:
By Product: Based on the Product, Global Veterinary Glucose Monitoring Devices Market is segmented as; Glucose Meters, Continuous Glucose Monitors (CGMs), Veterinary Blood Analyzer, Consumables.
By Animal Type: Based on the Animal Type, Global Veterinary Glucose Monitoring Devices Market is segmented as; Dogs, Cats, Horses, Other Animals.
By Enterprise Size: Based on the Enterprise Size, Global Veterinary Glucose Monitoring Devices Market is segmented as; Small and Medium-sized Enterprises (SMEs), Large Enterprises.
By End Use: Based on the End Use, Global Veterinary Glucose Monitoring Devices Market is segmented as; Banking, Financial Services, and Insurance, Healthcare, IT and Telecom, Retail, Education, Manufacturing, Others.
By Region: This research also include data for North America, Europe, Asia-Pacific Middle East & Africa and South America.
For More Information, refer to below link: –
Veterinary Glucose Monitoring Devices Market Forecast
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