LAMEA Veterinary Glucose Monitoring Devices Market

LAMEA 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-23110 Publication Date: June-2024 Number of Pages: 137
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Market Report Description

The Latin America, Middle East and Africa Veterinary Glucose Monitoring Devices Market would witness market growth of 9.8% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA 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 $26.6 million by 2031. The Argentina market is showcasing a CAGR of 11% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.4% during (2024 - 2031).

LAMEA Veterinary Glucose Monitoring Devices Market

Adopting telemedicine and remote monitoring technologies in veterinary practice has further accelerated the uptake of glucose monitoring devices. With the ability to remotely monitor glucose levels and communicate with veterinarians in real time, pet owners can receive timely guidance and support for managing their pets’ diabetes from the comfort of their homes. Remote monitoring capabilities enhance accessibility to veterinary care, particularly for pet owners residing in rural or underserved areas, driving the adoption of glucose monitoring devices as part of telemedicine initiatives.

The veterinary glucose monitoring devices market is subject to several trends that reflect the evolving needs and preferences of veterinary professionals, pet owners, and other stakeholders. These trends shape the market's trajectory and drive innovation in glucose monitoring technology. For instance, there is a growing trend towards miniaturization and portability in veterinary glucose monitoring devices, driven by the demand for handheld, point-of-care solutions that offer convenience and ease of use in clinical settings and home environments. Miniaturized devices allow more frequent glucose monitoring, enabling veterinarians and pet owners to make timely treatment decisions and adjustments.

E-commerce platforms allow veterinary glucose monitoring device manufacturers to reach a broader audience of pet owners across Brazil, including those in remote or underserved areas. This expanded market reach enables manufacturers to tap into previously inaccessible markets and drive sales growth. International Trade Administration (ITA), Brazil is one of the most populous nations in Latin America, and its e-commerce sector is anticipated to surpass US$200 billion by 2026, expanding at 14.3% annually. Thus, the growing e-commerce sector and the region's high livestock population are driving the market's growth.

Free Valuable Insights: The Worldwide Veterinary Glucose Monitoring Devices Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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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

LAMEA 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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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