The Asia Pacific Veterinary Glucose Monitoring Devices Market would witness market growth of 8.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $82.9 million by 2031. The Japan market is registering a CAGR of 7.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9% during (2024 - 2031).
The increased adoption of veterinary glucose monitoring devices in recent years can be attributed to various factors that mirror the changing dynamics of veterinary care and the growing need for sophisticated animal medical solutions. For example, the increasing prevalence of diabetes mellitus in companion animals, including dogs, cats, and exotic pets, has fueled the demand for veterinary glucose monitoring devices. Factors such as sedentary lifestyles, obesity, genetic predispositions, and improved longevity contribute to the rising incidence of diabetes in pets. As awareness of diabetes management in animals grows among pet owners and veterinarians, there is a corresponding increase in the demand for reliable glucose monitoring solutions to facilitate effective management and improve the quality of life for diabetic animals.
Furthermore, increased emphasis on education and training in diabetes management and glucose monitoring for veterinary professionals has played a crucial role in driving adoption. Veterinary schools, continuing education programs, and professional organizations provide training and resources to veterinarians, veterinary technicians, and support staff, empowering them to effectively utilize glucose monitoring devices in clinical practice. As veterinary professionals become more proficient in using these devices and interpreting glucose data, their confidence in incorporating them into routine practice grows, increasing adoption rates.
Also, with a large population of dogs in Australia, there is a corresponding increase in the demand for pet healthcare services. This includes monitoring and managing chronic conditions like diabetes, which drives the demand for veterinary glucose monitoring devices. Approximately 40% of Australian households own at least one dog, according to Animal Medicine Australia, making them the most popular form of companion animal. Three in five Australian households, or 5.9 million in total, have a pet. Across Australia, 62% of households have had a dog at some point. As in many other countries, the incidence of diabetes in dogs is rising in Australia. Genetics, diet, and lifestyle contribute to developing diabetes in dogs. Veterinary glucose monitoring devices are crucial in managing this condition by allowing pet owners and veterinarians to monitor blood glucose levels and adjust treatment plans accordingly. Hence, increasing pet ownership in the region drives the market's growth.
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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific 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 $82.9 million by 2031. The Japan market is registering a CAGR of 7.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9% during (2024 - 2031).
The increased adoption of veterinary glucose monitoring devices in recent years can be attributed to various factors that mirror the changing dynamics of veterinary care and the growing need for sophisticated animal medical solutions. For example, the increasing prevalence of diabetes mellitus in companion animals, including dogs, cats, and exotic pets, has fueled the demand for veterinary glucose monitoring devices. Factors such as sedentary lifestyles, obesity, genetic predispositions, and improved longevity contribute to the rising incidence of diabetes in pets. As awareness of diabetes management in animals grows among pet owners and veterinarians, there is a corresponding increase in the demand for reliable glucose monitoring solutions to facilitate effective management and improve the quality of life for diabetic animals.
Furthermore, increased emphasis on education and training in diabetes management and glucose monitoring for veterinary professionals has played a crucial role in driving adoption. Veterinary schools, continuing education programs, and professional organizations provide training and resources to veterinarians, veterinary technicians, and support staff, empowering them to effectively utilize glucose monitoring devices in clinical practice. As veterinary professionals become more proficient in using these devices and interpreting glucose data, their confidence in incorporating them into routine practice grows, increasing adoption rates.
Also, with a large population of dogs in Australia, there is a corresponding increase in the demand for pet healthcare services. This includes monitoring and managing chronic conditions like diabetes, which drives the demand for veterinary glucose monitoring devices. Approximately 40% of Australian households own at least one dog, according to Animal Medicine Australia, making them the most popular form of companion animal. Three in five Australian households, or 5.9 million in total, have a pet. Across Australia, 62% of households have had a dog at some point. As in many other countries, the incidence of diabetes in dogs is rising in Australia. Genetics, diet, and lifestyle contribute to developing diabetes in dogs. Veterinary glucose monitoring devices are crucial in managing this condition by allowing pet owners and veterinarians to monitor blood glucose levels and adjust treatment plans accordingly. Hence, increasing pet ownership in the region drives the market's growth.
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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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
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
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Veterinary Glucose Monitoring Devices Market by Distribution Channel
Chapter 5. Asia Pacific Veterinary Glucose Monitoring Devices Market by Product
Chapter 6. Asia Pacific Veterinary Glucose Monitoring Devices Market by Animal Type
Chapter 7. Asia Pacific Veterinary Glucose Monitoring Devices Market by End-Use
Chapter 8. Asia Pacific Veterinary Glucose Monitoring Devices Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- 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
Methodology
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