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Global Veterinary Glucometers Market Expected to Expand at a CAGR of 3.8% during 2018 – 2027|Zoetis, Woodley Equipment Company Ltd., Nova Biomedical, BioNote Inc., Arkray, Inc., UltiMed, Inc., Medray, Biotest Medical Corp.
The global Veterinary Glucometers Market is segmented by glucometer type:-venous, subcutaneous, capillary; by end-user:-veterinary hospitals, veterinary clinics, animal research institutes, homecare settings and by regions. Veterinary Glucometers Market is anticipated to mask a significant CAGR of 3.8% during the forecast period i.e. 2018-2027.Veterinary glucometers gained attraction in the recent past for the purpose of checking blood sugar level in companion animals basically including cats and dogs. Veterinary glucometers are much easy to use portable devices which can be easily handheld by vets and are suitable for use by diabetic pet owners. Veterinary glucometers generally work through auto code technology and biosensors. These devices are simple to use, be it on field or at home. Veterinary glucometers can estimate and report blood glucose level of companion animals in short period of time ranging from 8-10 seconds. Veterinary glucometers have the ability to upload readings in an electronic format after performing the tests.
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North America is anticipated to showcase the highest growth rate over the forecast period on account of increasing adoption rate of companion animals across the region over the forecast period and rising awareness regarding veterinary health among the population of the region. Europe is expected to follow North America in terms of value of Veterinary Glucometer Market on the back of increasing healthcare awareness regarding animal health across the region. Asia-Pacific is anticipated to display a significant growth rate on account of increasing disposable income of the demographics in the region with changing living standards of the population across the region on the back of improving economy.
Increasing Number of Companion Animals
Rise in the number of people opting for companion animals and the growing expenditure to keep these animals healthy is anticipated to increase the market growth over the forecast period i.e. 2018-2027.
Improving Veterinary Healthcare Infrastructure
The increasing funding by various government and non-government organizations to improve veterinary healthcare infrastructure in various regions is predicted to further help in boosting the veterinary glucometers market growth.
Rising Veterinary Diabetic Patients
Increasing health disorders such as diabetes and obesity in companion animals on the back of unhealthy and irregular feeding is anticipated to furthermore propel the veterinary glucometers demand among the pet owners as well as veterinarian’s population.
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However, lack of expertise or dearth of knowledge to use these devices among the pet owners population is expected to behave as a restraint for the veterinary glucometers market in the developing and under-developed regions during the forecast period.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Veterinary Glucometers market which includes company profiling of Zoetis, Woodley Equipment Company Ltd., Nova Biomedical, BioNote Inc., Arkray, Inc., UltiMed, Inc., Medray, Biotest Medical Corp., Med TRUST, Abbott. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Veterinary Glucometers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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