Blood Ketone Meter Market to Hit $601.5 million By 2030

SHARE THIS ARTICLE

The global Blood Ketone Meter market size is expected to be worth around US$ 601.5 million by 2030, according to a new report by Vision Research Reports.

The global Blood Ketone Meter market size was valued at US$ 309.6 million in 2020 and is anticipated to grow at a CAGR of 11.7% during forecast period 2021 to 2030.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38503

Blood Ketone Meter Market (By Product: Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, Consumables; By Application: Human, Veterinary; By End-use: Hospitals, Diagnostic Centers, Homecare Settings, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Coverage Details
Market Size US$ 601.5 million by 2030
Growth Rate CAGR of 11.7% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Abbott Laboratories; EKF Diagnostics; Nova Biomedical; Nipro Corporation; ACON Laboratories; KETO-MOJO; Apex Biotechnology Corp; TaiDoc technology Corporation; ForaCare, Inc.

Growth Factors

 A rise in diabetes-related complications has led to the introduction of novel products for monitoring ketone and glucose. Increasing investments in R&D by key market players to design multi-functional blood ketone meters are anticipated to accelerate the demand for blood ketone meters over the forecast period. COVID-19 has had a profound impact on the healthcare system and has drastically impacted the global economy.

Ketones are produced by the body as an alternative source of energy to sugar. Ketone testing is a key part of Type 1 diabetes management, as it helps to prevent a dangerous short-term complication called diabetic ketoacidosis from occurring. The human body primarily runs on glucose. When there is a deficiency of glucose in the body, the body starts breaking down fats for energy. This breaking down of fats results in the creation of ketones.

Report Highlights

The blood ketone monitoring segment captured the largest share of over 50.0% in 2020. Ketone monitoring meters may help in the early identification of the production of ketones and may also warn of impending ketoacidosis that may eventually reduce the complications of diabetic ketoacidosis. Hence, the increasing cases of diabetes-related complications are anticipated to foster the demand for blood ketone meters over the forecast period.

The blood glucose and ketone monitoring segment are expected to register a growth rate of 10.6% during the forecast period. The demand for blood glucose and ketone testing is increasing globally.

 The hospital’s segment captured the largest share of more than 42.0% in 2020. The increasing number of hospital admissions, especially the older patients suffering from diabetes due to the recent outbreak of COVID-19, is anticipated to propel the segment growth. Rising cases of diabetic ketoacidosis are also anticipated to fuel the segment growth.

The human segment accounted for the largest share of over 60.0% in 2020. Blood ketone meters improve the recovery time among patients that develop diabetic ketoacidosis. They may also be useful in humans with different types of diabetes that are insulin-dependent. And patients with insulin-dependent diabetes are recommended to opt for a ketone test.

North America held the largest share of over 50.0% in 2020. Improved infrastructure in healthcare facilities and the high adoption of blood ketone meters, especially during the COVID-19 pandemic, across the U.S. and Canada are estimated to contribute to the market growth in North America. Government initiatives to promote glucose and ketone monitoring are estimated to substantially augment the market growth.

Key Players

  • Abbott Laboratories
  • APEX Biotechnology Corporation
  • TaiDoc Technology Corporation
  • EKF Diagnostics
  • Nova Biomedical
  • KETO-MOJO

Market Segmentation

  • Product Type
    • Blood Ketone Monitoring
    • Blood Glucose and Ketone Monitoring
    • Consumables
  • Application
    • Human
    • Veterinary
  • End-use
    • Hospitals
    • Diagnostic Centers
    • Homecare Settings
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38503 or call: +1 9197 992 333

Daksh

Daksh is an SEO Analyst having 3 years of experienced. we can quickly understand and support initiatives that will contribute to the goals and success of client campaigns. and also Perform keyword research in coordination with client business objectives to optimize existing content and uncover new opportunities.

View all posts by Daksh →

Leave a Reply

Your email address will not be published.