Blood Ketone Meter Market

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Blood Ketone Meter Market2019-2028
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Blood Ketone Meter Market Global Scenario, Market
Size, Outlook, Trend, and Forecast, 2019 2028

• The global blood ketone meter market size is
  expected to reach US 521.7 million by 2028 and
  is expected to increase at CAGR value of 7.2
  from 2021 to 2028. Blood ketone test meter
  evaluates the presence of ketones in blood.
  Ketones are the substances which are produced
  when the cells dont get enough glucose. Ketones
  are generally found in blood or urine. Increased
  ketone level leads to diabetic ketoacidosis, a
  complication that leads to coma or death. A
  higher ketone level indicates weight reduction. A
  blood ketone test meter is used for checking
  diabetic ketoacidosis (DKA) in type 1 diabetic
  patients.

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Market Introduction and Market Dynamics

• The growth in the ketone test meter market is
  identified by high ketone levels and diabetes.
  The growing geriatric population and increasing
  obese population are the driving factors for
  increasing demand for blood ketone test meters.
  Advancement in test meter, rising awareness about
  diabetes, health insurance, and reimbursement are
  the leading factors boosting the growth of the
  blood ketone market during the forecast period.
  From the data of the International Diabetes
  Federation (IDF) report, around 463 million
  adults of age group 20 to 79 years were suffering
  from diabetes globally in 2019 and is estimated
  to reach 700 million by 2045. However, according
  to the Centers for Disease Control and Prevention
  (CDC), around 30 per 1,000 patients were
  hospitalized due to diabetic ketoacidosis in the
  U.S. from 2009 to 2014. Blood Ketone meters are
  advanced devices that sometimes show faulty and
  inconsistent results which leads to product
  recall and this would reduce the popularity of
  these meters thereby restraining the market
  growth. Among the major geographies, North
  America is estimated to be the most dominant
  region in the global blood ketone meter market.
  Increasing product launches and approvals for new
  ketone meters by the government is expected to
  propel blood ketone market growth further.

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Market Segmentation and Crisp Analysis

• The global blood ketone meter market is segmented
  on the basis of product type, application,
  end-use, and region. By product type, it is
  categorized into blood ketone monitoring, blood
  glucose, and ketone monitoring and consumables.
  On the basis of testing site, it is categorized
  into fingertip and alternate site testing.
  Patient care setting type is further bifurcated
  into type 1 and gestational diabetes. The
  application segment is classified into human and
  veterinary. By end-user, the market is
  categorized into hospitals, diagnostic centers,
  diagnostic centers, home care settings and
  others. Furthermore, on the basis of region it is
  categorized into North America (US, Canada),
  Europe (Germany, UK, France, Italy, Spain, Rest
  of Europe), Asia Pacific (India, China, Japan,
  South Korea, Australia, and Rest of Asia
  Pacific), and Rest of the World (Latin America
  (Brazil, Mexico, Argentina, Colombia), Middle
  East Africa (South Africa, Saudi Arabia, UAE).

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Global Blood Ketone Meter Market Segmentation and
Scope

• Global Ketone Meter Market is segmented on the
  basis of product type, testing site, patient care
  setting, application and region as mentioned
  below
• By Product Type Blood ketone monitoring, Blood
  glucose and ketone monitoring, Consumables
• By Testing Site Fingertip testing Alternate site
  testing
• By Patient Care Setting Type 1 Diabetes
  Gestational Diabetes
• By Application Human, Veterinary
• By Region North America, U.S., Canada
• Europe Germany, U.K., France, Italy, Spain
• Asia Pacific China, Japan, India, Australia,
  South Korea, Rest of Asia Pacific, Rest of the
  World
• Latin America Brazil, Mexico, Argentina,
  Colombia, Rest of Latin America
• Middle East Africa South Africa, Saudi Arabia,
  UAE, Rest of the Middle East Africa

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Market Players Competitive Analysis

• Key major players in the blood ketone meter
  market are Abbott Laboratories, ACON Laboratories
  Inc., Nipro Corporation, Keto-Mojo, PortaCheck
  Inc., Nova Biomedical, GlucoRx Limited, EKF
  Diagnostics Holdings Plc, Taidoc Technology
  Corporation, ForaCare Inc., Bruno MD, and Apex
  Biotechnology Corporation.

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The prominent players involved in the global
blood ketone meter market

• Abbott Laboratories,
• ACON Laboratories Inc.,
• Nipro Corporation,
• Keto-Mojo,
• PortaCheck Inc.,
• Nova Biomedical,
• GlucoRx Limited,
• EKF Diagnostics Holdings Plc,
• Taidoc Technology Corporation,
• ForaCare Inc.,
• Bruno MD,
• Apex Biotechnology Corporation

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