Blood Ketone Meter Market - Global Industry Analysis

Blood Ketone Meter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Medical Device Report Format : PDF Report Code: ZMR-6758 Status : Upcoming

Description

Global Blood Ketone Meter Market: Overview

Ketones are made by the body as an energy substitute for sugar. Ketone testing is a crucial part of diabetes management in order to prevent dangerous complications referred to as diabetic ketoacidosis. The human body works on glucose. In case there is a deficiency of glucose in the human system, the body breaks down fats in order to provide energy to the body. However, such breakdown results in the creation of ketones. It is vital for diabetic patients using insulin to note that during the insufficient levels of insulin, ketones are produced in the human body. Therefore, it is important to monitor the ketosis level in the human body; otherwise, it can lead to type 2 diabetes. Blood ketone meters are equipment that helps in measuring the level of ketones in the human body.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Blood Ketone Meter Market: Growth Factors

The global blood ketone meter market is expected to register a significant growth rate over the forecasted period due to the surge in diabetes associated complications. However, such complication has significantly compelled manufacturers to come up with novel products that help in monitoring the levels of glucose and ketones in the human body. Also, there is a significant growth in investments by the leading players to propel the research & development activities and come up with multi-functional ketone meters to meet the surging demand for blood ketone meters globally. The adoption of blood ketone meters has significantly surged with the outbreak of the Covid 19 pandemic as the diabetic patients are at higher risk of being infected with the coronavirus. For instance, according to the CDC, around 26.9 million people in the US in 2020 are diagnosed with diabetes. In addition, according to the American Diabetes Association, around 21,00,000 Americans who were projected to be diagnosed with diabetes were under the age of 20. However, the significant spike in the number of diabetes cases among millennials and the young population is likely to pose a huge demand for blood ketone meters globally. Manufacturers are increasingly collaborating and partnering with other giant companies to offer enhanced and improved blood ketone meters to patients that can provide detailed insights with better design. Furthermore, manufacturers are launching products that can be personalized as per the needs and requirements of individuals. However, such emerging landscapes are likely to significantly scale up the growth of the global blood ketone meter market over the forecasted period.

Global Blood Ketone Meter Market: Segmentation

The global blood ketone meter market can be segmented into end-user, application, product, and region.

By end-users, the market can be segmented into home care settings, diagnostic centers, hospitals, and others. The hospital segment holds the largest share in the global blood ketone meter market due to the growing number of hospital admissions of people suffering from diabetes owing to the recent outbreak of the Covid-19 pandemic. Also, the rising incidences of diabetic ketoacidosis are likely to further stimulate the growth of the segment over the forecasted period.

By application, the market can be segmented into veterinary and human. The human segment accounts for the largest share in the global blood ketone meter market. The blood ketone meters help patients suffering from diabetic ketoacidosis by improving their recovery time. These may also help humans suffering from different types of diabetes. The veterinary segment is likely to exhibit considerable growth over the forecasted period due to the growing concentration of manufacturers towards developing advanced veterinary blood ketone meters globally. However, veterinary blood ketone meters are affordable and convenient for a routine checkup; thereby, it is expected to fuel the demand for the product among animals.

By product, the market can be segmented into blood glucose & ketone monitoring, blood ketone monitoring, and consumables.

Global Blood Ketone Meter Market: Regional analysis

North America accounts for the largest share in the global blood ketone meter market due to the presence of advanced healthcare infrastructure in the region along with growing awareness among people regarding the importance of blood ketone meters. Also, the devastating impact of the Covid-19 pandemic in the region will significantly scale up the adoption rate of blood ketone meters.

Asia Pacific is expected to witness a significant growth rate over the forecasted period due to the constantly growing geriatric population all around the globe. Also, the growing initiatives from the government to strengthen the regional healthcare infrastructures is further likely to project the growth of the regional market over the forecasted period. The transforming work culture and high prevalence of diabetic cases in the region will also accelerate the growth of the regional market over the forecasted period.

Global Blood Ketone Meter Market: Competitive Players

Some of the significant players in the global blood ketone meter market are KETO-MOJO, Nova Biomedical, EKF Diagnostics, TaiDoc Technology Corporation, APEX Biotechnology Corporation, and Abbott Laboratories.

Global Blood Ketone Meter Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global blood ketone meter market is expected to register a significant growth rate over the forecasted period due to the surge in diabetes associated complications. However, such complication has significantly compelled manufacturers to come up with novel products that help in monitoring the levels of glucose and ketones in the human body.

 

Some of the significant players in the global blood ketone meter market are KETO-MOJO, Nova Biomedical, EKF Diagnostics, TaiDoc Technology Corporation, APEX Biotechnology Corporation, and Abbott Laboratories.

North America accounts for the largest share in the global blood ketone meter market due to the presence of advanced healthcare infrastructure in the region along with growing awareness among people regarding the importance of blood ketone meters. Also, the devastating impact of the Covid-19 pandemic in the region will significantly scale up the adoption rate of blood ketone meters.

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