North America Veterinary Glucose Monitoring Devices Market

North America 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-23111 Publication Date: June-2024 Number of Pages: 122
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Market Report Description

The North America Veterinary Glucose Monitoring Devices Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America 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 $340.9 million by 2031. The Canada market is experiencing a CAGR of 9.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.2% during (2024 - 2031).

North America Veterinary Glucose Monitoring Devices Market

Veterinary glucose monitoring devices are specialised medical equipment that measure and track an animal's blood glucose levels. These include livestock, exotic animals, and companion pets. These devices are crucial in managing diabetes mellitus and other metabolic disorders in animals, enabling veterinarians and pet owners to monitor glucose levels accurately and efficiently.

Veterinary glucose monitoring systems have extensive applications in diverse veterinary care and research domains, playing key roles in safeguarding the health and welfare of animals. For example, one of the primary applications of veterinary glucose monitoring devices is managing animal diabetes mellitus. Diabetes is a prevalent endocrine illness affecting cattle, horses, and pets like dogs and cats. These devices enable veterinarians and pet owners to monitor blood glucose levels regularly, facilitating the adjustment of insulin dosages, dietary management, and other therapeutic interventions to maintain euglycemia (normal blood sugar levels). By closely monitoring glucose levels, veterinarians can prevent complications such as hypoglycemia (low blood sugar) and ketoacidosis, thus improving the quality of life for diabetic animals.

The growth of e-commerce platforms in Mexico will make veterinary glucose monitoring devices more accessible to pet owners nationwide, including those in remote or underserved areas. Pet owners will be able to purchase these devices online from the comfort of their homes without needing to visit physical stores. According to the International Trade Administration (ITA), the domestic e-commerce industry was valued at USD 26.2 billion in 2022, representing a 23 per cent increase over 2021. Mexico’s e-commerce sector value will reach USD 70.4 billion by 2027. Thus, the increasing e-commerce sector and rising pet ownership drive the market's growth.

Free Valuable Insights: The Veterinary Glucose Monitoring Devices Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.

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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

North America 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

  • US
  • Canada
  • Mexico
  • Rest of North America
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