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Blood Ketone Meter Market Size, Share & Trends Analysis Report by Product Type (Ketone Monitoring, Glucose and Ketone Monitoring), Application (Human, Veterinary), End-use, Region, and Segment Forecasts, 2024-2030

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    Report

  • 100 Pages
  • June 2024
  • Region: Global
  • Grand View Research
  • ID: 5450211
The global blood ketone meter market size is expected to reach USD 734.8 million by 2030. It is expected to expand at a CAGR of 6.9% from 2024 to 2030. Reimbursement scenario and favorable health insurance are significant factors that are anticipated to surge the demand for blood ketone meters. Technological advancements in Type 1 Diabetes care lead to the increasing preference for automated devices among individuals that aid in reducing disease burden.

Diabetes prevalence is increasing worldwide, due to which the number of hospital admissions with patients suffering from complications, including diabetic ketoacidosis (DKA), is also rising. DKA is a severe and life-threatening complication of diabetes. This disease is more common among people with type 1 diabetes and affects around 30 million people across the U.S. Lifestyle changes, rapid urbanization, increased life expectancy, and dietary changes are the major causes of diabetes.

The rise in the geriatric and obese population across the globe is expected to boost the growth of the market. As per the WHO, by 2050, the world’s population aged 60 years and above is likely to reach 2 billion by 2050. Similarly, as per the American Diabetes Association, one-third of U.S. adults aged 65 and above had diabetes in 2017. Thus, a rise in the number of adults with diabetes is anticipated to boost the demand for blood ketone meters during the forecast period.

An increasing number of hospital admissions owing to the rising cases of DKA in developing as well as developed nations are estimated to foster the market growth. According to a Diabetes Care Study, DKA causes approximately 200,000 hospitalizations each year in the U.S. Rising hospital admissions eventually lead to an increase in healthcare costs, thereby fueling the market growth.

Blood Ketone Meter Market Report Highlights

  • By product type, the blood glucose and ketone monitoring segment held the second-largest share in 2023 due to the increasing launch of blood glucose and ketone meters
  • Based on application, the veterinary segment is expected to witness considerable growth during the forecast period due to the increasing application of blood ketone meters among animals
  • The hospital end-use segment captured the largest share in 2023 due to the increasing number of hospitalizations every year
  • North America held the largest market share in 2023 due to the rising healthcare expenditure and increase in the healthcare spending
  • The presence of local and international players and the increasing prevalence of type 1 and type 2 diabetes has led to the surging demand for blood ketone meters in North America

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Blood Ketone Meter Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Blood Ketone Meter Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
Chapter 4. Blood Ketone Meter Market: Product Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Blood Ketone Meter Market: Product Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Blood Ketone Monitoring
4.3.1. Blood Ketone Monitoring Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.4. Blood Glucose and Ketone Monitoring
4.4.1. Blood Glucose and Ketone Monitoring Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
4.5. Consumables
4.5.1. Consumables Market Revenue Estimates and Forecasts, 2018- 2030 (USD Million)
Chapter 5. Blood Ketone Meter Market: Application Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Blood Ketone Meter Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Human
5.3.1. Human Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
5.4. Veterinary
5.4.1. Veterinary Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 6. Blood Ketone Meter Market: End Use Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Blood Ketone Meter Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
6.3. Hospitals
6.3.1. Hospitals Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.4. Diagnostic Centers
6.4.1. Diagnostic Centers Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
6.5. Homecare Settings
6.5.1. Homecare Settings Market Revenue Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 7. Blood Ketone Meter Market: Regional Estimates & Trend Analysis
7.1. Blood Ketone Meter Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
7.2.1. North America Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.2. U.S.
7.2.2.1. U.S. Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.3. Canada
7.2.3.1. Canada Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Mexico Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3. Europe
7.3.1. Europe Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.2. UK
7.3.2.1. UK Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.3. Germany
7.3.3.1. Germany Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.4. France
7.3.4.1. France Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.5. Italy
7.3.5.1. Italy Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.6. Spain
7.3.6.1. Spain Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.7. Denmark
7.3.7.1. Denmark Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.8. Sweden
7.3.8.1. Sweden Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.3.9. Norway
7.3.9.1. Norway Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.2. China
7.4.2.1. China Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.3. Japan
7.4.3.1. Japan Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.4. India
7.4.4.1. India Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.5. South Korea
7.4.5.1. South Korea Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.6. Australia
7.4.6.1. Australia Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.4.7. Thailand
7.4.7.1. Thailand Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.5. Latin America
7.5.1. Latin America Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Brazil Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.5.3. Argentina
7.5.3.1. Argentina Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6. Middle East and Africa
7.6.1. Middle East and Africa Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.2. Saudi Arabia
7.6.2.1. Saudi Arabia Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.3. UAE
7.6.3.1. UAE Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.4. Kuwait
7.6.4.1. Kuwait Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
7.6.5. South Africa
7.6.5.1. South Africa Blood Ketone Meter Market Estimates and Forecasts, 2018-2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
8.4.1. Abbott Laboratories
8.4.1.1. Participant’s Overview
8.4.1.2. Financial Performance
8.4.1.3. Product Benchmarking
8.4.1.4. Recent Developments/ Strategic Initiatives
8.4.2. APEX Biotechnology Corporation
8.4.2.1. Participant’s Overview
8.4.2.2. Financial Performance
8.4.2.3. Product Benchmarking
8.4.2.4. Recent Developments/ Strategic Initiatives
8.4.3. TaiDoc Technology Corporation
8.4.3.1. Participant’s Overview
8.4.3.2. Financial Performance
8.4.3.3. Product Benchmarking
8.4.3.4. Recent Developments/ Strategic Initiatives
8.4.4. EKF Diagnostics
8.4.4.1. Participant’s Overview
8.4.4.2. Financial Performance
8.4.4.3. Product Benchmarking
8.4.4.4. Recent Developments/ Strategic Initiatives
8.4.5. Nova Biomedical
8.4.5.1. Participant’s Overview
8.4.5.2. Financial Performance
8.4.5.3. Product Benchmarking
8.4.5.4. Recent Developments/ Strategic Initiatives
8.4.6. KETO-MOJO
8.4.6.1. Participant’s Overview
8.4.6.2. Financial Performance
8.4.6.3. Product Benchmarking
8.4.6.4. Recent Developments/ Strategic Initiatives

Companies Mentioned

  • Abbott Laboratories
  • APEX Biotechnology Corporation
  • TaiDoc Technology Corporation
  • EKF Diagnostics
  • Nova Biomedical
  • KETO-MOJO

Methodology

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Table Information