Europe Veterinary Glucose Monitoring Devices Market

Europe Veterinary Glucose Monitoring Devices Market Size, Share & Trends Analysis Report By Distribution Channel (Offline Stores and Online Stores), By Product, By Animal Type (Dogs, Cats, Horses and Others), By End-Use, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23108 Publication Date: June-2024 Number of Pages: 137
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Market Report Description

The Europe Veterinary Glucose Monitoring Devices Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Veterinary Glucose Monitoring Devices Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $78.6 million by 2031. The UK market is exhibiting a CAGR of 6.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.9% during (2024 - 2031).

Europe Veterinary Glucose Monitoring Devices Market

Animals with diabetes or other chronic conditions may require long-term glucose monitoring to manage their health effectively. Continuous glucose monitoring (CGM) systems offer a non-invasive and real-time monitoring solution, allowing for comprehensive glucose profiling over extended periods. These devices benefit animals with poorly controlled or gestational diabetes, providing veterinarians and pet owners with continuous insights into glucose fluctuations and trends.

Additionally, in intensive care units and emergency care settings, veterinary glucose monitoring devices are indispensable for monitoring critically ill animals' glucose levels. Prompt detection and management of hypoglycemia or hyperglycemia are essential for optimizing patient outcomes in these scenarios. Glucose monitoring devices enable veterinarians to make timely treatment decisions, ensuring the stability and well-being of animals undergoing intensive care or emergency interventions.

Furthermore, the growth of e-commerce platforms in France enables veterinary glucose monitoring device manufacturers to reach a broader audience of pet owners beyond traditional brick-and-mortar stores. This expanded market reach allows manufacturers to penetrate previously untapped regions and demographics, driving overall market growth. According to the International Trade Administration (ITA), over 80% of internet users in France, or 41.8 million people, made purchases online in 2021. Online buyers tend to shop more frequently, about 50 times a year, with an average transaction value of $73 (€62) in 2021. In 2021, they spent about $3,667 (€3,100) on their purchases. Therefore, the region's growing e-commerce sector and increased pet ownership fuel the market's expansion.

Free Valuable Insights: The Global Veterinary Glucose Monitoring Devices Market will Hit USD 1.2 Billion by 2031, at a CAGR of 7.4%

Based on Distribution Channel, the market is segmented into Offline Stores and Online Stores. Based on Product, the market is segmented into Glucose Meters, Continuous Glucose Monitors (CGMs), Veterinary Blood Analyzer, and Consumables. Based on Animal Type, the market is segmented into Dogs, Cats, Horses and Others. Based on End-Use, the market is segmented into Veterinary Hospitals & Clinics, Home Care Settings, Veterinary Diagnostic Centers and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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List of Key Companies Profiled

  • Zoetis, Inc.
  • IDEXX Laboratories, Inc.
  • Allison Medical, Inc.
  • UltiMed, Inc.
  • ACON Laboratories, Inc.
  • Taidoc Technology Corporation
  • i-SENS, Inc.
  • Trividia Health, Inc.
  • AccuBioTech Co., Ltd.
  • Teco Diagnostics

Europe Veterinary Glucose Monitoring Devices Market Report Segmentation

By Distribution Channel

  • Offline Stores
  • Online Stores

By Product

  • Glucose Meters
  • Continuous Glucose Monitors (CGMs)
  • Veterinary Blood Analyzer
  • Consumables

By Animal Type

  • Dogs
  • Cats
  • Horses
  • Others

By End-Use

  • Veterinary Hospitals & Clinics
  • Home Care Settings
  • Veterinary Diagnostic Centers
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
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