#Blood Glucose Test Strip Market News
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Veterinary Blood Glucose Market: Caring for Pets, Growing to $2.8 Billion by 2033 🐾📊
Veterinary Blood Glucose Market is focused on the development and distribution of solutions for monitoring and managing blood glucose levels in animals, catering to veterinarians and pet owners. This market includes a range of products such as glucose meters, test strips, and continuous glucose monitoring systems. It plays a crucial role in addressing the rising prevalence of diabetes in pets and reflects the growing trend toward advanced animal healthcare and overall well-being.
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The market is witnessing significant growth, driven by increasing pet ownership and the escalating number of pets diagnosed with diabetes. The glucometers segment leads the market due to their ease of use and precision in monitoring blood glucose levels. Test strips also hold a strong position, reflecting the continuous need for consumables in glucose testing. Continuous glucose monitoring systems follow closely, offering real-time tracking of glucose levels for more accurate and timely interventions.
North America dominates the Veterinary Blood Glucose Market, supported by an advanced veterinary infrastructure and heightened awareness of pet health. The United States stands out as the top performer, due to high spending on pet healthcare and technological advancements. Europe ranks as the second-highest region, with Germany emerging as a key player, benefiting from a robust veterinary service network and a growing pet adoption rate.
The market in 2023 showed strong performance, with projections suggesting a rise to 650 million units by 2033. The glucometer segment holds a 45% market share, followed by test strips (30%) and continuous glucose monitoring devices (25%). Major players like Zoetis Inc., IDEXX Laboratories, and Abbott Laboratories are leading the market by leveraging innovative technologies and strategic partnerships.
Technological innovations, including AI and IoT integration, are expected to drive the market forward, unlocking new growth opportunities.
#VeterinaryCare #PetHealth #BloodGlucoseMonitoring #DiabetesInPets #PetDiabetes #Glucometers #VeterinaryIndustry #AnimalWellbeing #PetOwners #ContinuousGlucoseMonitoring #VeterinaryTechnology #PetHealthcare #AnimalDiabetesManagement #AIInHealthcare #IoTDevices
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Comprehensive Study on the Point-of-Care Glucose Testing Market
The global point-of-care glucose testing market size is expected to reach USD 4.51 billion by 2030, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. An increase in the demand for Point-of-Care Testing (POCT) has been witnessed in recent years. As compared to the conventional laboratory testing performed in central lab settings, glucose POCT aids in performing effective diagnosis at the patient’s bedside. The easy and convenient operation of POCT has largely favored the growing usage of glucose meters across medical settings. The demand for performing bedside monitoring of blood sugar levels efficiently in a capillary blood sample and the need to ensure better management of carbohydrate metabolism have propelled the companies to launch innovative glucose meters in the market.
Various companies are investing in the development of needle-less devices to offer painless management of diabetes. For instance, GlucoTrack, a product manufactured by Integrity Applications (Israel), performs quantification using electromagnetic, ultrasonic, and thermal waves in combination. Eversense, painless glucose monitoring subcutaneous implant by Senseonics, quantifies glucose levels in interstitial fluid when placed beneath the skin. This is followed by data transmission to show the results in real-time. The latest no-code monitoring systems help in minimizing the errors that occur due to incorrect entry of strip codes. Whereas, others are incorporating noble metals, such as silver, gold, and platinum, which effectively reduce the electrical noise further improving accuracy.
Point-of-Care Glucose Testing Market Report Highlights
Accu-Chek Inform II accounted for the second-largest share in 2022 and is anticipated to maintain this trend throughout the forecast period
Bayer Contour blood glucose monitoring system is set to grow at a CAGR of 6.1% from 2023 to 2030
North America is the leading regional market due to the higher penetration of novel diagnostic techniques
Asia Pacific is estimated to register the fastest CAGR owing to the ever-increasing prevalence of diabetes and numerous untapped growth opportunities in diagnostics
Moreover, a robust network of local manufacturers has significantly contributed to the revenue generated in this region
Point-of-Care Glucose Testing Market Segmentation
Grand View Research has segmented the global point-of-care glucose testing market on the basis of product, and region:
PoC Glucose Testing Product Outlook (Revenue, USD Million, 2016 - 2030)
Accu Check Aviva Meter
Onetouch Verio Flex
i-STAT
Bayer CONTOUR Blood Glucose Monitoring System
Freestyle Lite
True Metrix
Accu-Chek Inform II
StatStrip
Others
PoC Glucose Testing Regional Outlook (Revenue, USD Million, 2016 - 2030)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
China
Japan
India
South Korea
Australia
Thailand
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
UAE
Kuwait
Order a free sample PDF of the Point-of-Care Glucose Testing Market Intelligence Study, published by Grand View Research.
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How to Sell Your Diabetic Supplies for Cash?
If you have unused and unexpired diabetic test strips or other diabetes supplies, you might be wondering how to sell them. Many people find themselves with extra supplies, whether due to a change in their testing routine, switching to a new device, or having excess after a prescription refill. Instead of letting them go to waste, you can sell your diabetic supplies and make some extra cash. Here's how you can do it.
Why Sell Your Diabetic Supplies?
Unused diabetic test strips and other supplies often accumulate over time, and it’s easy to end up with more than you need. By selling these supplies, you not only declutter your home but also help others who may not have insurance coverage or who are looking for more affordable options. Plus, selling your diabetic supplies is a great way to earn some extra money.
What You Can Sell
Not all diabetic supplies can be sold, but there are a few key items that are in high demand. These include:
Diabetic Test Strips: Unopened and unexpired test strips are always in demand. These strips are used daily by people with diabetes to monitor their blood glucose levels.
Glucose Meters: While glucose meters are less commonly sold, there is still a market for them, especially if they are new and sealed.
Lancets: Unused lancets, which are used with lancing devices to draw blood, are another item you can sell.
Other Diabetes Supplies: Some people also buy other diabetes supplies like insulin pumps and continuous glucose monitoring (CGM) sensors, though these markets are more niche.
Source: https://cashnowforteststripss.blogspot.com/2024/09/how-to-sell-your-diabetic-supplies-for.html
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Southeast Asia Diabetes Devices Market To Reach $3.58 Billion By 2030
The Southeast Asia diabetes devices market size is anticipated to reach USD 3.58 billion by 2030, registering a CAGR of 9.36% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is growing due to the rising occurrence of diabetes linked to aging, obesity, and poor lifestyle choices. Obesity rates in SEA have surged by 40% from 1990 to 2013. Forecasts indicate that by 2030, over 52.4 million adults and 21 million youth in the region will be obese. As obesity rates continue to increase in the region, the incidence of diabetes is also expected to rise, driving the demand for effective diabetes management devices. The excessive body fat associated with obesity can lead to insulin resistance, a contributor to the onset of diabetes, further exacerbating the already high prevalence of the disease in Southeast Asia.
Diabetes devices play a pivotal role in enhancing the care and management of diabetic patients. The growing demand for these devices is driven by their ability to prevent prolonged hospital stays and reduce mortality rates among individuals with diabetes. The proactive approach enabled by diabetes devices can help prevent serious complications associated with uncontrolled blood sugar levels. By allowing for early detection of hypo- or hyperglycemia, these devices enable prompt action to stabilize glucose levels before they escalate into critical situations. This proactive monitoring can significantly reduce the risk of diabetic emergencies requiring hospitalization, ultimately improving patient outcomes and quality of life.
Increasing awareness about diabetes management through educational campaigns and programs plays a vital role in driving market growth. Educating patients about the importance of regular monitoring and adherence to treatment regimens boosts the demand for related medical devices. For instance, in April 2024, Embecta, a New Jersey company, launched a diabetes education program named emERGE in the Asia-Pacific region. The program is set to commence in 11 countries, including Singapore, Thailand, Vietnam, Australia, South Korea, Japan, Indonesia, Malaysia, the Philippines, and New Zealand. The primary goal of this initiative is to provide educational benefits to around 5,000 healthcare professionals, such as practitioners, diabetes nurse educators, and lead pharmacists, through a series of four interactive webinars.
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Southeast Asia Diabetes Devices Market Report Highlights
In 2023, the insulin delivery devices segment dominated the market with a share of over 50.00% and is expected to grow over the forecast period due to patient preferences, treatment outcomes, and healthcare professional recommendations
Based on distribution channels, the hospital pharmacies segment held the largest share of around 53.00% in 2023. This can be attributed to the accessibility of hospital pharmacies to patients who visit healthcare facilities for various needs, including diabetes management
The retail pharmacies segment is expected to grow at the fastest CAGR during the forecast period due to the expanding network of retail pharmacies in the region
The hospital pharmacy end use segment held a majority share of the market of over 40.00% in 2023. This is attributed to the number of patients with diabetes being hospitalized
The diagnostic centers segment is expected to grow at the fastest CAGR over the forecast period due to their ability to provide quick and accurate results
Southeast Asia Diabetes Devices Market Segmentation
Grand View Research has segmented the Southeast Asia diabetes devices market based on type, distribution channel, end-use, and country:
SEA Diabetes Devices Type Outlook (Revenue, USD Million, 2018 - 2030)
BGM Devices
Self-Monitoring Devices
Blood Glucose Meter
Testing Strips
Lancets
Continuous Glucose Monitoring Devices
Sensors
Transmitter
Receiver
Insulin Delivery Devices
Pens
Pumps
Syringes
Jet Injector
SEA Diabetes Devices Distribution Channel (Revenue, USD Million, 2018 - 2030)
Hospital Pharmacies
Retail Pharmacies
Diabetes Clinics/Centers
Online Pharmacies
Others
SEA Diabetes Devices End Use Outlook (Revenue, USD Million; 2018 - 2030)
Hospitals
Diagnostic Centers
Homecare
Southeast Asia Diabetes Devices Country Outlook (Revenue, USD Million; 2018 - 2030)
Indonesia
Thailand
Philippines
Malaysia
Vietnam
Myanmar
Singapore
Rest of SEA
List of Key Players in the Southeast Asia Diabetes Devices Market
Abbott Laboratories
Arkray, Inc.
B Braun Melsungen AG
Bayer AG
Companion Medical
Dexcom Inc.
F.Hoffmann-La-Ltd.
Insulet Corporation
Lifescan, Inc.
Medtronic plc
Novo Nordisk
Sanofi
Valeritas Holding Inc.
Ypsomed Holdings
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Blood Sugar Monitor Market Growing Popularity and Emerging Trends in the Industry
Diabetic patients may use blood sugar monitoring to make regular maintenance choices including food consumption, insulin dosage, and physical activity. Patients use blood glucose metres to check their glucose levels quickly and provide an accurate measure of capillary glucose concentration. Self-monitoring blood sugar monitoring is a modern diabetes treatment technique that requires the use of blood glucose metres by patients to check their glucose levels quickly and provide an accurate measure of capillary glucose concentration. To maintain long-term glycemic control, the technology employs test strips, lancets, and blood glucose metres.The increase can be due to factors such as an increase in diabetes incidence rates and an increase in diabetes risk factors. Furthermore, technological advances in the field of blood glucose monitoring systems, as well as an increase in the geriatric population, are driving the demand for self-monitoring blood glucose devices. In the near future, high growth potential in untapped markets for diabetes monitoring devices is projected to provide lucrative opportunities for the global market for monitoring blood glucose devices.
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Latest released the research study on Global Blood Sugar Monitor Market, offers a detailed overview of the factors influencing the global business scope. Blood Sugar Monitor Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Blood Sugar Monitor The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Roche (Switzerland), Abbott (United States), LifeScan(United States), Ascensia (Switzerland), Medtronic (Ireland), Dexcom (United States), B. Braun (Germany), Nipro (Japan), Sanofi (France), ARKRAY (Japan), Prodigy Diabetes Care (United States)
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At-Home Testing Market Global Opportunities by Regions and Growth Status by 2032
The Reports and Insights, a leading market research company, has recently releases report titled “At-Home Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global At-Home Testing Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the At-Home Testing Market?
The global at-home testing market was valued at US$ 7.2 Billion in 2023 and is expected to register a CAGR of 4.2% over the forecast period and reach US$ 10.4 Bn in 2032.
What are At-Home Testing?
At-home testing refers to medical or diagnostic tests that individuals can conduct independently, without the supervision of healthcare professionals or the need for a laboratory. These tests are designed to be convenient and accessible, offering quick results for monitoring various health conditions or parameters from the comfort of one's home. At-home testing kits cater to diverse needs such as screening for infectious diseases, managing chronic conditions like diabetes, assessing fertility, and detecting genetic predispositions. Technological advancements have improved the accuracy and reliability of these tests, making them increasingly favored for proactive health monitoring and early detection.
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What are the growth prospects and trends in the At-Home Testing industry?
The at-home testing market growth is driven by various factors and trends. The at-home testing market is growing rapidly, fueled by a rising consumer preference for convenient and accessible diagnostic solutions. These tests enable individuals to monitor their health independently, offering a broad range of applications including screening for infectious diseases, managing chronic conditions, evaluating fertility, and genetic testing. Advancements in technology have enhanced the accuracy, reliability, and user-friendliness of at-home testing kits, driving their popularity for proactive health monitoring and early detection. North America, Europe, and Asia-Pacific are key regions driving market growth, characterized by competitive dynamics among established companies and ongoing innovations in test development and distribution. Hence, all these factors contribute to at-home testing market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product
Digital Monitoring Instruments
Cassettes
Midstream
Strips
Cups
Dip Cards
Test Panels
Sample collection kits
Others
By Application
Blood Glucose Testing
Pregnancy & Fertility Testing
Cancer Testing
STD/ STI Testing
Testosterone
Drug Abuse Testing
Cholesterol Testing
Thyroid Testing
Others
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Poland
Benelux
Nordic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
United Arab Emirates
Israel
Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
Becton, Dickinson and Company
Abbott
ACCESS BIO
CELLTRION INC
Siemens Healthcare GmbH
ACON Laboratories Inc
ARKRAY, Inc, F
Hoffmann-La Roche Ltd
OraSure Technologies Inc
Quest Diagnostics
Bionime Corporation
Btnx Inc
iHealth Labs Inc
InBios International, Inc. USA
Everlywell
LetsgetChecked
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Global Top 5 Companies Accounted for 80% of total Glucose Test Strip Packaging market (QYResearch, 2021)
This report mainly studies Packaging Solutions for Test Strips for Blood Glucose. Based on type, Blood Glucose Test Strip Packaging can be classified into Test Strip Vial Packaging and Single Foil Pouch Packaging.
The packaging materials of Blood Glucose Test Strip mainly include tube / vial and composite aluminium film. The tube/vial body is made of polypropylene (PP), the cover of the cylinder is made of polyethylene (PE) as the main material, and the molecular sieve, silica gel and other adsorbents that absorb water vapor are used as the raw materials. The material of Single Foil Pouch Packaging is mainly composite aluminium film.
Due to the different specifications and parameters of packaging materials such as test strips from different manufacturers of blood glucose test strips, manufacturers of blood glucose test strips usually maintain long-term and stable cooperation with suppliers of fixed test strip packaging materials.
According to the new market research report “Global Glucose Test Strip Packaging Market Report 2023-2029”, published by QYResearch, the global Glucose Test Strip Packaging market size is projected to reach USD 0.03 billion by 2029, at a CAGR of 11.9% during the forecast period.
Figure. Global Glucose Test Strip Packaging Market Size (US$ Million), 2018-2029
Figure. Global Glucose Test Strip Packaging Top 5 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
The global key manufacturers of Glucose Test Strip Packaging include Sanner GmbH, Shijiazhuang Xinfuda Medical Packaging, Suzhou Super, Hebei Jingtiancheng Plastic Products, Wisesorbent, Airnov Healthcare Packaging, Shanghai Devron, etc. In 2021, the global top five players had a share approximately 80.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Printed Sensor Market Report, Trends, Growth, Analysis Report 2024-2032
IMARC Group's report titled "Printed Sensor Market Report by Type (Printed Biosensor, Printed Touch Sensor, Printed Gas Sensor, Printed Humidity Sensor, Printed Image Sensor, Printed Pressure Sensor, Printed Temperature Sensor, Printed Proximity Sensor), Printing Technology (Gravure Printing, Inkjet Printing, Screen Printing, and Others), Application (Automotive, Consumer Electronics, Environmental Testing, Industrial Equipment, Medical Devices, Building Automation, Smart Packaging, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global printed sensor market trends. The global market size reached US$ 10.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 18.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/printed-sensor-market/requestsample
Factors Affecting the Growth of the Printed Sensor Industry:
Technological Advancements:
The increasing evolution of printing technologies, materials science, and nanotechnology represents one of the major factors propelling the market growth. These advancements enable the production of sensors that are more efficient, cost-effective, and versatile. In addition, the growing innovations in inkjet printing and conductive inks are making it possible to print sensors on flexible substrates, allowing for new applications in wearable devices and smart packaging. Moreover, the rising advancements in nanomaterials, such as graphene, enhance sensor performance in terms of sensitivity, durability, and response time. This technological progress not only broadens the application scope but also attracts investment and research.
Healthcare Demand:
The increasing demand for printed sensors in the healthcare sector is a significant factor propelling the market growth. The increasing utilization of printed sensors for patient monitoring, diagnostics, and wearable health devices due to their flexibility, comfort, and efficiency is supporting the market growth. Printed sensors are integral in developing continuous monitoring devices for vital signs like heart rate, temperature, and blood oxygen levels. They are also crucial in creating disposable diagnostic tools, such as glucose test strips, which benefit from the cost-effectiveness of printed electronics. Additionally, the rising geriatric population and the prevalence of chronic diseases are driving the need for innovative, affordable, and patient-friendly monitoring solutions like printed sensors.
Environmental Monitoring Needs:
The increasing emphasis on environmental protection and sustainability is driving the demand for printed sensors. These sensors are crucial for monitoring various environmental parameters, such as air quality, water quality, and soil conditions. Printed sensors offer a cost-effective, scalable, and versatile solution for widespread environmental monitoring. They can be deployed in large numbers for real-time, continuous monitoring of pollutants and hazardous substances, playing a vital role in smart city initiatives and industrial compliance with environmental regulations. The governing bodies and organizations around the world are intensifying their efforts to monitor and combat environmental issues.
Leading Companies Operating in the Global Printed Sensor Industry:
Canatu Oy
Interlink Electronics
ISORG
KWJ Engineering
Nissha Co. Ltd.
Peratech Holdco Limited
PolyIC GmbH & Co.KG (LEONHARD KURZ Stiftung & Co. KG)
PST Sensors, Sensitronics LLC
Tekscan
Printed Sensor Market Report Segmentation:
By Type:
Printed Biosensor
Printed Touch Sensor
Printed Gas Sensor
Printed Humidity Sensor
Printed Image Sensor
Printed Pressure Sensor
Printed Temperature Sensor
Printed Proximity Sensor
Based on the type, the market has been segregated into printed biosensor, printed touch sensor, printed gas sensor, printed humidity sensor, printed image sensor, printed pressure sensor, printed temperature sensor, and printed proximity sensor.
By Printing Technology:
Gravure Printing
Inkjet Printing
Screen Printing
Others
On the basis of the printing technology, the market has been categorized into gravure printing, inkjet printing, screen printing, and others.
By Application:
Automotive
Consumer Electronics
Environmental Testing
Industrial Equipment
Medical Devices
Building Automation
Smart Packaging
Others
Consumer electronics holds the majority of market share attributed to the rising demand for sensors in this sector, driven by technological advancements.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific dominates the market due to its robust manufacturing capabilities, increasing demand for efficient consumer electronic products, and rising investments in sensor technology across diverse applications.
Global Printed Sensor Market Trends:
The increasing focus on personal health and security is driving the demand for biometric sensors in devices like fitness trackers, smartwatches, and smartphones. Printed sensors are pivotal in this space, offering a cost-effective, flexible, and comfortable way to monitor physiological parameters, such as heart rate, sweat analysis, and temperature. This trend is especially relevant in the context of the growing health-conscious user base and the need for personal health monitoring devices, driving innovation in the printed sensor industry.
Besides this, the growing adoption of printed sensors in packaging materials for monitoring product quality, ensuring safety, and enhancing user engagement is offering a favorable market outlook. These sensors detect temperature changes or spoilage indicators and inform individuals and suppliers about product freshness or potential contamination.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Veterinary Blood Glucose Market is Estimated to Witness High Growth Owing to Rising Pet Ownership
Veterinary blood glucose meters are handheld devices used to measure the glucose level in animal blood. They are widely used in veterinary clinics and hospitals to diagnose and monitor diabetes in pets such as dogs and cats.
Market Dynamics:
Rising pet ownership around the globe is driving the growth of the veterinary blood glucose market. According to the American Pet Products Association, around 90.5 million cats and 79.7 million dogs were owned as pets in the United States in 2023. Proper care and monitoring of pets' health has become a priority for pet owners. Moreover, increasing incidence of diabetes in canines and felines is also propelling the demand for veterinary blood glucose meters for accurate diagnosis and treatment of the condition. Various factors such as lack of physical activity, obesity, and genetic predisposition are contributing to the growth in diabetes cases among pets. As per statistics, about 1 in 450 dogs and 1 in 300 cats are affected by diabetes. This rising prevalence of diabetes in pets will continue to fuel the veterinary blood glucose market over the forecast period.
Veterinary Blood Glucose Meters Are Increasing due to Rise in Pet Healthcare Expenditure
As the rate of pet ownership has increased globally, so has spending on pet healthcare. According to a study, pet healthcare expenditure has grown over 6% per year for the past decade. Pet owners are increasingly willing to spare no expense when it comes to ensuring the wellbeing of their furry companions. Diabetes is a common condition seen in older dogs and cats. Just as in humans, managing blood glucose levels is important for diabetic pets. Point-of-care glucose meters have made it easier for vets and pet owners to regularly monitor glucose at home or at clinics. This has driven the demand for veterinary blood glucose meters.
Growing Adoption of Self-Monitoring among Pet Owners
With point-of-care meters, pet owners can easily test blood glucose from a small sample without needing to visit the vet each time. This allows for frequent monitoring of levels and timely adjustments to insulin dose if needed. The ease of use and reliability of digital readout have encouraged more pet owners to self-test their pets. They can monitor for fluctuations and catch irregularities early. This reduces vet visits and gives owners peace of mind knowing they can manage their pet's condition from home. The convenience of self-monitoring is a major factor propelling the sale of veterinary blood glucose meters.
Rising Pet Obesity Poses New Healthcare Challenges
In recent years, there has been a notable rise in the number of overweight and obese pets. Pet obesity has become a serious medical issue affecting an estimated 60% of dogs and cats in some countries. Just like humans, overweight pets are at higher risk of chronic conditions like diabetes. According to surveys, diabetes diagnosis in pets has increased 5-10% annually due to the obesity epidemic. Managing diabetic pets requires regular glucose monitoring. This has been driving demand from veterinary clinics that are seeing more obese and diabetic patients. The growing prevalence of pet obesity presents both a health challenge and an opportunity for the veterinary blood glucose market.
Cost can restrain widespread adoption of meters
While glucose meters for pets have gained wider acceptance, cost remains a restraining factor for some pet owners. Replacement supplies like test strips and lancets need to be constantly replenished and can get expensive, adding up over the long term. Low-cost generic strips are now available but branded strips from major manufacturers tend to be more expensive. The initial purchase price of certain advanced digital meters is also higher compared to basic analog models. For owners with multiple pets requiring testing, the recurring costs may not be affordable without pet insurance or other financial aid. This could potentially limit market growth.
Opportunity for affordable meters and supplies
To help address the financial barrier and facilitate greater adoption rates, there is an opportunity for manufacturers to develop more affordable veterinary glucose monitoring solutions. Low-cost meters and generic test strips offer an avenue to make testing accessible to median-income pet owners without compromising on quality. Partnerships with insurance providers to offer subsidies could expand the target customer base. Streamlining production and optimizing supply chains can help drive down costs. There is also scope for making test strips and meters compatible across different pet brands to give buyers more budget-friendly options. This presents a chance for companies to gain market share by offering value-priced products.
Veterinary Telehealth Gaining Traction as Remote Monitoring Option
With advances in technology, telehealth has emerged as an important trend in the pet care industry. The COVID-19 pandemic accelerated this shift as more vet appointments moved online. Several veterinary clinics now offer virtual consultations and remote patient monitoring programs. This allows conditions like diabetes that require frequent monitoring to be managed remotely. Owners can submit glucose readings online for the vet's review without needing in-person visits. Some telehealth services provide monitoring devices, meters, and training to help owners transition to remote care. This improves access and convenience. As telehealth adoption rises amongst vets and owners see its benefits, remote monitoring is likely to drive additional meter sales versus only clinic-based testing.
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Emerging Trends in the Test Strip Market
The test strip market is constantly evolving, driven by advancements in technology, changing healthcare needs, and emerging trends. Staying updated with these trends is crucial for companies in the test strip industry to remain competitive and meet the evolving demands of healthcare providers and patients. Let's explore some of the emerging trends in the test strip market:
1. Point-of-Care Testing (POCT): Point-of-care testing is a rapidly growing trend in the healthcare industry, and test strips play a crucial role in this space. POCT allows for rapid diagnostic testing and immediate treatment decisions at the point of care, reducing the time and cost associated with traditional laboratory testing. Test strips are ideal for POCT as they are portable, easy to use, and provide quick results. The demand for POCT is expected to increase as healthcare providers seek more efficient and convenient diagnostic solutions.
2. Digitalization of Test Strips: The digitalization of medical devices is transforming the test strip market. Test strips are now being integrated with smart technologies such as Bluetooth and near-field communication (NFC), enabling them to transmit data to smartphones or other devices. This connectivity improves patient engagement, enables remote monitoring, and enhances data accuracy. Digitalized test strips also have the potential to integrate with electronic health records (EHRs) and telemedicine platforms, revolutionizing the way healthcare is delivered.
3. Personalized Medicine: Personalized medicine is gaining traction in healthcare, and test strips are playing a crucial role in this trend. Test strips can provide real-time data on patient health, allowing for personalized treatment plans based on individual needs. For example, in diabetes management, test strips can help individuals monitor their blood glucose levels and adjust their medication and lifestyle choices accordingly. This approach improves patient outcomes, reduces healthcare costs, and enhances patient satisfaction.
4. Wearable Test Strips: Wearable technology is becoming increasingly popular in healthcare, and wearable test strips are emerging as a new trend in the market. These wearable devices incorporate test strip technology into wearable form factors such as patches or wristbands. Wearable test strips offer continuous monitoring of various health parameters, providing real-time data and alerts to users and healthcare providers. This trend has the potential to revolutionize disease management and preventive care.
5. Environmental Testing: There is a growing demand for test strips in environmental testing applications. Test strips are being used to detect contaminants, pollutants, and toxins in air, water, soil, and food samples. Environmental testing is crucial for ensuring public health and safety, as well as for compliance with regulations. The development of specialized test strips for environmental testing presents significant growth opportunities in this emerging segment.
In conclusion, the test strip market is witnessing several emerging trends that are shaping the industry's future. These include the rise of point-of-care testing, the digitalization of test strips, the adoption of personalized medicine, the development of wearable test strips, and the increasing demand for environmental testing solutions. Companies in the test strip industry should proactively embrace these trends to stay ahead of the competition and meet the evolving needs of healthcare providers and patients.
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Diabetes Care Devices Market Worth $31.9 Billion by 2028 – Exclusive Report by Meticulous Research®
According to a new market research report, titled “Diabetes Care Devices Market by Type [Diabetes Monitoring (CGM, Test Strips, Self-Monitoring Blood Glucose Meters, Lancets, Haemoglobin A1C Testing Kits)], [Insulin Delivery (Syringes, Pens, Pumps, Jet Injectors)] – Global Forecast to 2028” published by Meticulous Research®, the diabetes care devices market is expected to grow at a CAGR of 6.7% from 2021 to reach $31.9 billion by 2028.
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As the prevalence of diabetes is increasing globally, self-management of diabetic treatments has become necessary to avoid long-term complications and fatalities. Diabetes care devices play an important role in managing diabetes as they enable patients to record and track their blood glucose levels all day long and administer the insulin doses according to the insulin levels.
The key factors driving the overall diabetes care devices market are the rising obesity cases, unhealthy and sedentary lifestyle, increasing prevalence of diabetes, and development of new insulin delivery systems. However, some limitations of diabetes care devices are their high costs and accessibility in low-middle income countries.
Impact of COVID-19 on Diabetes Care Devices Market
The COVID-19 pandemic has severely impacted the diabetes care devices market. COVID-19 patients had higher blood glucose levels due to the use of steroids for the COVID-19 treatment. In 2020, the increase in the number of individuals suffering from diabetes due to COVID-19 expanded the income of the central participants in the diabetes care division. Many players in the market presented new progressed diabetes care devices and association arrangements for diabetes care devices.
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Diabetes Care Devices Market Overview
The diabetes care devices market is segmented based on type: (diabetes monitoring devices and insulin delivery devices) and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes their market share at a global level.
In 2021, the diabetes monitoring devices segment is estimated to account for the largest share of the overall diabetes care devices market. This is mainly attributed to the increased adoption of test strips and self-monitoring blood glucose meters and increasing demand for continuous glucose monitoring with rising awareness towards the disease in developing countries. Diabetes monitoring devices can be utilized to monitor blood glucose values and help the patient adjust their dietary intake, physical activity, and insulin doses to improve glycemic control on a regular basis.
Diabetes monitoring devices are further segmented into continuous blood glucose monitoring devices, test strips, lancets, self-monitoring blood glucose meters, and hemoglobin A1C testing kits. The test strips segment is expected to dominate the diabetes monitoring devices market in 2021, primarily due to the frequent usage of test strips for both continuous and self-glucose monitoring and is widely used by patients in developing countries.
Moreover, insulin delivery devices also are further segmented into insulin syringes, insulin pens, insulin pumps, and insulin jet injectors. In 2021, the insulin pens segment is expected to dominate the insulin delivery devices market. This can be primarily attributed to its advantages over traditional syringe insulin delivery methods, including improved patient satisfaction and adherence, user-friendly, greater ease of use, superior accuracy for delivering small insulin doses, greater social acceptability, and less reported injection pain. However, insulin pumps are the fastest-growing segment due to the advantages such as predictable insulin delivery, precise delivery of insulin, and reduction of wide fluctuation in blood glucose. It also mimics the normal pancreas’s release of insulin.
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Geographically, in 2021, North America is estimated to account for the largest share of the global diabetes care devices market, followed by Europe and Asia-Pacific. Factors such as the increasing prevalence of diabetes with the rising need to self-monitor and treat the disease, increasing prevalence of major risk factors of diabetes such as obesity and sedentary lifestyle, increasing geriatric population, and growing government initiatives promoting diabetes care are driving the growth of the diabetes care devices market in North America. However, Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Growth in this market is expected to be driven by the increasing prevalence of diabetes with the rising need to self-monitor the treatments, increasing prevalence of obesity and sedentary lifestyle, growing geriatric population, and government initiatives promoting diabetes care.
The report also includes an extensive assessment of the key strategic developments of leading market participants in the industry over the past four years. In recent years, the diabetes care devices market has witnessed several new product launches, approvals, agreements, collaborations, partnerships, expansions, and acquisitions. For instance, in May 2021, Medtronic PLC (Ireland) received CE Mark approval for the expanded functionality of its InPen and Guardian 4 sensors. Moreover, in February 2020, Abbott Laboratories (U.S.) partnered with Insulet Corporation (U.S.) to combine its leading continuous glucose monitoring (CGM) technology with Insulet’s Omnipod Horizon Automated Insulin Delivery System.
Some of the key players operating in the global diabetes care devices market are Novo Nordisk A/S (Denmark), Ypsomed AG (Switzerland), Abbott Laboratories (U.S.), Ascensia Diabetes Care Holdings AG (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), LifeScan IP Holdings, LLC (U.S.), Medtronic PLC (Ireland), Becton, Dickinson and Company (U.S.), Terumo Corporation (Japan), Sanofi AS (France), and DexCom, Inc. (U.S.), among others.
The diabetes care devices market is dominated by Abbott Laboratories (U.S.), Medtronic PLC (Ireland), DexCom, Inc. (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Ascensia Diabetes Care (Switzerland), LifeScan IP Holding, LLC (U.S.), Becton, Dickinson and Company (U.S.), Insulet Corporation (U.S.), Novo Nordisk A/S (Denmark), and Tandem Diabetes Care, Inc. (U.S.). Together, these companies held around 80% share of the global diabetes care devices market in 2020.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/diabetes-care-devices-market-3438
Scope of the Report:
Diabetes Care Devices Market, by Type
Diabetes Monitoring Devices
Insulin Delivery Devices
Diabetes Care Devices Market, by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC (RoAPAC)
Latin America
Middle East & Africa
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Blood Sugar Test Kit, Global Market Size Forecast, Top 3 Players Rank and Market Share
Blood Sugar Test Kit Market Summary
A blood sugar test kit, also known as a glucometer or glucose meter, is a device used to measure the amount of glucose (sugar) in a person's blood. It is commonly used by individuals with diabetes to monitor their blood sugar levels throughout the day, including before and after meals, or as recommended by their healthcare provider.
According to the new market research report "Global Blood Sugar Test Kit Market Report 2023-2029", published by QYResearch, the global Blood Sugar Test Kit market size is projected to grow from USD 1,231.4 million in 2023 to USD 1,820.2 million by 2029, at a CAGR of 6.7% during the forecast period.
Figure. Global Blood Sugar Test Kit Market Size (US$ Million), 2018-2029
Above data is based on report from QYResearch: Global Blood Sugar Test Kit Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
Figure. Global Blood Sugar Test Kit Top 17 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Above data is based on report from QYResearch: Global Blood Sugar Test Kit Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
This report profiles key players of Blood Sugar Test Kit such as Sanner, Abbott Laboratories, Wisesorbent Technology
In 2022, the global top Three Blood Sugar Test Kit players account for 40.68% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Blood Sugar Test Kit.
Figure. Blood Sugar Test Kit, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Blood Sugar Test Kit Market Report 2023-2029.
In terms of product type, Glucose Oxidase is the largest segment, hold a share of 50.1%,
Figure. Blood Sugar Test Kit, Global Market Size, Split by Application Segment
Based on or includes research from QYResearch: Global Blood Sugar Test Kit Market Report 2023-2029.
In terms of product application, Hospital is the largest application, hold a share of 59.2%,
Figure. Blood Sugar Test Kit, Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Blood Sugar Test Kit Market Report 2023-2029.
Market Drivers:
The growing number of individuals diagnosed with diabetes is a major driver for the blood sugar test kit market.
Restraint:
One of the main restraints in the blood sugar test kit market is the high cost associated with these kits. Blood sugar test kits can be expensive, especially for individuals without health insurance or those living in low-income countries where access to affordable healthcare is limited. The cost of the test strips, lancets, and other consumables required for regular testing can also add up over time.
Opportunity:
The integration of artificial intelligence (AI) and data analytics in blood sugar test kits offers a significant market opportunity. AI-powered algorithms can analyze data from multiple blood sugar readings to provide more personalized diabetes management recommendations. This can help individuals with diabetes make better-informed decisions about their diet, medication, and lifestyle.
About The Authors
Song Yue
Lead Author
Email: [email protected]
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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EUROPE POINT-OF-CARE DIAGNOSTICS Market Growth, Industry Size-Share, Global Trends, Key Players Strategies and Upcoming Demand
Data Bridge Market Research analyses that the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET will project a compound annual growth rate (CAGR) of 10.22% during the forecast period of 2022-2029.
A world class EUROPE POINT-OF-CARE DIAGNOSTICS MARKET research report is formulated with the finest and advanced tools of collecting, recording, estimating and analysing market data. With the systematic and comprehensive market research study, this market research report offers the facts associated with any subject in the field of marketing for Healthcare industry. It gives superior ideas and solutions in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This EUROPE POINT-OF-CARE DIAGNOSTICS MARKET report has been prepared by considering several fragments of the present and upcoming market scenario.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET Scope and Market Size
The point-of-care diagnostics market is segmented on the basis of product, platform, prescription and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
On the basis of product, the point-of-care diagnostics market is segmented into glucose monitoring products, cardio metabolic, infectious disease, coagulation, pregnancy and fertility, tumor or cancer marker, urinalysis, cholesterol, haematology, drugs-of-abuse, fecal occult and others. Glucose monitoring products is further sub segmented into strips, meters and lancets and lancing device. Cardiometabolic is further sub segmented into cardiac marker, blood gas or electrolytes and HBA1C. Infectious disease is further sub segmented into influenza, HIV, hepatitis C, sexually transmitted disease (STD), healthcare-associated infection (HAI), respiratory infection, tropical disease and other infectious disease. Coagulation is further sub segmented into PT or INR and activated clotting time (ACT or APTT). Pregnancy and fertility is further sub segmented into pregnancy test and fertility test.
On the basis of platform, the point-of-care diagnostics market is segmented into lateral flow assays (immunochromatography tests), dipsticks, microfluidics, molecular diagnostics and immunoassays.
On the basis of prescription, the point-of-care diagnostics market is segmented into prescription-based testing and OTC testing.
On the basis of end user, the point-of-care diagnostics market is segmented into clinical laboratories, outpatient healthcare and ambulatory care settings, hospitals or critical care centers, home care, research laboratories and other.
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Some of the key questions answered in this report:
How has the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET?
What are the key regional markets?
What are the key driving factors and challenges in the industry?
What is the structure of the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET and who are the key players?
Market Analysis and Insights: EUROPE POINT-OF-CARE DIAGNOSTICS MARKET
The point-of-care diagnostics market is expected to witness market growth at a rate of 10.22% in the forecast period of 2022 to 2029. Data Bridge Market Research report on point-of-care diagnostics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the incidence of target diseases is escalating the growth of point-of-care diagnostics market.
Point-Of-Care diagnostics are the approaches that are utilized to identify infections early and quickly. Such procedures are extremely sensitive, cost-efficient and produce results within a short timeframe. These testing methods are utilized by schools, physicians, outpatients, clinical labs and home health.
Major factors that are expected to boost the growth of the point-of-care diagnostics market in the forecast period are the rise in the need for home healthcare has pushed the manufacturers. Furthermore, the growing importance of point-of-care diagnostics in the environmental monitoring and public health is further anticipated to propel the growth of the point-of-care diagnostics market. Moreover, the technological developments and new product releases is further estimated to cushion the growth of the point-of-care diagnostics market. On the other hand, the expenses pressure because of repayment cuts and budget restriction is further projected to impede the growth of the point-of-care diagnostics market in the timeline period.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET - Regional Level Analysis
The countries covered in the point-of-care diagnostics market report are the Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
EUROPE POINT-OF-CARE DIAGNOSTICS MARKET - Share Analysis:
The North America point-of-care diagnostics market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the point-of-care diagnostics market.
Key player - EUROPE POINT-OF-CARE DIAGNOSTICS MARKET
Some of the major players operating in the EUROPE POINT-OF-CARE DIAGNOSTICS MARKET are Abbott, Danaher, BD, F. Hoffmann-La Roche Ltd, Johnson & Johnson Services, Inc., Instrumentation Laboratory S.p.A. – Werfen, bioMérieux SA, Trividia Health, Inc., QIAGEN, Sekisui Diagnostics, Siemens Healthcare GmbH, Quidel Corporation, Spectral Medical Inc., Abaxis, Nova Biomedical, Trinity Biotech, Alfa Scientific Designs, Inc., ?PTS Diagnostics, Bio-Rad Laboratories, Inc., and Medica Corporation among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Scope and Market Size
Chapter Three: Analysis and Insights
Chapter Four: Country Level Analysis
Chapter Five: Share Analysis
Chapter Six: Key player
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