29-Sep-2021 | Market Research Store
The recent report from MRS titled “Blood Ketone Meter Market By Product Type (Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, and Consumables), By Application (Human and Veterinary), and By End-User (Hospitals, Diagnostic Centers, Home Care Setting, Veterinary Hospitals & Clinics, Ambulatory Surgical Centers, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for the blood ketone meter market in 2020 was approximately USD 306.8 Million. The market is likely to grow at a CAGR of 7.7% and is anticipated to reach around USD 544.8 Million by 2026.
Ketones are produced by the body as an alternate source of energy to sugar. Ketone testing is the most important element of Type 1 diabetes management, as it helps in preventing a risky short-term complication termed diabetic ketoacidosis from happening. The human body largely runs on glucose. When the deficiency of glucose in the body takes place, the body starts breaking down fats for energy, resulting in the formation of ketones. It is significant for patients with diabetes on insulin to note that ketones are produced when the body has are lacking insulin. Hence, it is necessary to check the ketosis level in the blood if not, the growth in the number of ketones in blood would direct to Type 2 diabetes.
The increase in the incidence of diabetes, the increase in diabetes-related complications, and the technological advancements, the launching of various novel and inventive products for use in ketone monitoring are several foremost factors expected to drive the growth of the global blood ketone test meters. Moreover, the investments in research and development, the government programs to encourage glucose monitoring are also responsible for the expansion of the global market of blood ketone test meters.
The global blood ketone test meter market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East, and Africa. The North American market is accounted for a significant market share in the global blood ketone test meter market owing to growth factors like the growing incidence rate of diabetes and the reimbursement of ketone test meters under Medicare and Medicaid facilities in this region. The Asia-Pacific market is the fastest-growing market in terms of revenue due to the incidence of a large patient pool, the rising population access to health services, the growing awareness related to point-of-care testing, and the rising government health care expenses in the regional market. India, China, Brazil, and Russia, among others, have also developed into eye-catching markets for players involved in the advancement and market of blood glucose monitoring devices.
Taidoc Technology Corporation, Care Touch, ACON Laboratories Inc., Nova Biomedical, Abbott Laboratories, Trividia Health Inc., Nipro Corporation, PortaCheck Inc., Keto-Mojo, EKF Diagnostics Holdings Plc, GlucoRx Limited, Bruno MD, ForaCare Inc., and Apex Biotechnology Corporation are some companies operating in the global blood ketone meter market. Moreover, these market players leading in the global blood ketone test meter market are focusing on technological developments in devices.
Browse the full “Blood Ketone Meter Market By Product Type (Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, and Consumables), By Application (Human and Veterinary), and By End-User (Hospitals, Diagnostic Centers, Home Care Setting, Veterinary Hospitals & Clinics, Ambulatory Surgical Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026.” Report at https://www.marketresearchstore.com/market-insights/blood-ketone-meter-market-828631
This report segments the global blood ketone meter market as follows:
Global Blood Ketone Meter Market: By Product Type
Global Blood Ketone Meter Market: By Application
Global Blood Ketone Meter Market: By End-User
Global Blood Ketone Meter Market: Regional Segmentation Analysis
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