Impact of COVID-19 Pandemic
COVID-19’s accelerated spread across the globe is posing a challenge to healthcare services around the world in terms of planning, technology, and investment. With insufficient access to breathing facilities, trained intensive care nurses, or protective medical monitoring systems, healthcare workers are expected to handle chronically sick patients. Since December 2019, a novel coronavirus has spread across China and the rest of the world, resulting in a rapid rise in reported cases. The manifestation of the coronavirus disease (COVID-19) has resulted in more than 35 million infected individuals worldwide as of September 2020, as per the World Health Organization Coronavirus Disease (COVID-19) Dashboard (WHO) survey. Furthermore, blood ketone meters are an effective instrument in diabetes care since they are used to measure ketone levels in the blood in diabetic patients. Ketoacidosis (ketone buildup in the blood, which can lead to diabetic coma and even death) is a disease caused by low insulin levels (particularly in type 1 diabetic patients).
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Drivers
The rising prevalence of product approvals and releases, clinical trials, and alliance and alliance strategies employed by key players are expected to propel growth of the global blood ketone meter market over the forecast period.
The regulatory approvals of advanced blood ketone meters are projected to contribute significantly to the growth of the global blood ketone meter market. AmVentureX, Inc. reported in January 2019 that the KetoCoach Blood Ketone Monitoring System has obtained FDA approval in the U.S. This ketone meter uses auto-coding technology which requires the least volume of blood sample of any ketone test currently available. Strips for the KetoCoach Blood Ketone Monitoring System launch at US$ 0.59, making it 40 percent less expensive than any other ketone test meter currently on the market.
Increased product launches of blood ketone meters are being driven by product approvals, which is expected to push the blood ketone meter demand forward over the forecast period. Nova Biomedical released a new version of the Stat EMS Basic blood monitoring system for ambulance and emergency services in European countries (CE mark countries) in April 2020. Stat EMS Basic provides laboratory-quality results in six to 40 seconds for finger-stick capillary lactate, leptin, ketone, hemoglobin, and hematocrit.
Browse 42 Market Data Tables and 34 Figures spread through 184 Pages and in-depth TOC on Blood Ketone Meter Market, by Product Type (Consumables, Only Blood Ketone Monitoring, and Blood Glucose and Ketone Monitoring) , by Application (Human and Veterinary), by End User (Veterinary Hospitals and Clinics, Hospitals, Ambulatory Surgical Centers, Home Care Settings, Diagnostic Centers, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Forecast to 2027″
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The global blood ketone meter market is projected to expand due to the increasing acceptance of inorganic growth strategies such as alliances and partnerships by major companies. ForaCare Suisse AG announced a service-oriented alliance with B. Braun in January 2019, with initial plans to introduce a new glucose and ketone monitoring device. The FORA Advanced pro GD40 Multi-Functional Monitoring System is a one-stop shop for blood glucose checking and results. The firms plan to collaborate on additional offerings such as telehealth and self-care.
Key Takeaways
Due to the number of product approvals and releases by key players, the global blood ketone meter market is projected to grow at a CAGR of 7.1 percent over the forecast period (2020-2027).
Due to the growing product releases of blood ketone meters for human use, the human segment is projected to hold a large market share in 2027. EKF Diagnostics, a leading in vitro diagnostics firm, announced the introduction of the STAT-Site WB Analyzer, a U.S. FDA CLIA-waived -ketone and glucose POC analyzer, in March 2020. The unit is a brand-new addition to the company’s diabetes-care lineup. The STAT-Site WB is a multi-functional whole blood-ketone and glucose meter for diabetes treatment professionals.
Key companies contributing in the global blood ketone meter market are GlucoRx Limited, EKF Nova Biomedical, Keto-Mojo, Abbott Laboratories, Apex Biotechnology Corporation, Bruno MD, ForaCare Inc., ACON Laboratories Inc., Nipro Corporation, PortaCheck Inc., Taidoc Technology Corporation, and Diagnostics Holdings Plc.
Reasons to Purchase this Report
• Current and future of global Blood Ketone Meter market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Epidemiology
- Technological Developments
- Regulatory Scenario
- Reimbursement Scenario
- New Product Launches/Approvals
- Key Developments
- Collaborations & Partnerships
- PEST Analysis
- Impact of COVID-19 on Blood Ketone Meter Market
- During-COVID 19 Market Situation
- Overall Impact
- Supply Side And Demand Side Analysis
- Global Blood Ketone Meter Market , By Product Type, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Only Blood Ketone Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Blood Glucose and Ketone Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Consumables
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Blood Ketone Meter Market , By Application, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Human
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Veterinary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Blood Ketone Meter Market , By End User, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Veterinary Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Blood Ketone Meter Market, By Region, 2016 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, By Region, 2017 – 2027
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Abbott Laboratories
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- ACON Laboratories Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Nipro Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Keto-Mojo
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- PortaCheck Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Nova Biomedical
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- GlucoRx Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- EKF Diagnostics Holdings Plc
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Taidoc Technology Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- ForaCare Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Bruno MD
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Apex Biotechnology Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Abbott Laboratories
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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