Wearable Technology Is Fastest Growing Segment Fueling The Growth Of Blood Ketone Meter Market

https://www.coherentmarketinsights.com/market-insight/blood-ketone-meter-market-3498
Blood Ketone Meter Market



Market Overview:

Blood ketone meters help monitor ketone levels in the blood and provide valuable insights into ketosis. These portable meters are convenient to use and complement low-carb and ketogenic diets in managing diabetes and weight loss.

Market key trends:
The integration of wearable technology in blood ketone meters is one of the major trends witnessed in the market. Companies are focusing on developing smart, wearable blood ketone meters to offer real-time monitoring. For instance, in 2019, Keto-Mojo launched a wristband blood ketone monitor that pairs with a smartphone app via Bluetooth. The app provides customized diet and lifestyle coaching based on the user's ketone levels. Similarly, other players are coming up with advanced integrated systems for continuous home monitoring of blood ketones. This growing interest in wearable blood ketone monitoring solutions is expected to drive the market growth over the forecast period.

The global Blood Ketone Meter Market is estimated to be valued at US$ 365.8 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global blood ketone meter market is segmented based on product, device, application, distribution channel and region. Based on product, the market is segmented into blood ketone test strips, blood ketone meters and other blood ketone monitoring products. Among these, the blood ketone test strips segment dominates the market and accounts for the largest revenue share. The dominance of this segment can be attributed to high consumption of test strips associated with ketone meters. Further, based on device, it is divided into portable blood ketone meter and conventional blood ketone meter. Here, the portable blood ketone meter sub-segment enjoys higher demand and has a dominant share in the market due to convenience in usage.

Key Takeaways
The global blood ketone meter market size was valued at USD 365.8 million in 2023 and is expected to expand at a CAGR of 6.9% from 2023 to 2030. The market is witnessing high growth driven by the increasing incidence of diabetes and rising adoption of low-carb/ketogenic diets for weight management.

Regional analysis: North America captured over 40% share of the overall blood ketone meter market revenue in 2023. The high and growing prevalence of diabetes, coupled with supportive reimbursement policies for diabetes management devices, drives the region's dominance. Asia Pacific is anticipated to be the fastest-growing market during the forecast period with a CAGR of around 8%. Factors such as rising healthcare expenditure, increasing obesity, and growing awareness are fueling the demand in the Asia Pacific region.

Key players: Key players operating in the blood ketone meter market include 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. Major players are focusing on new product launches and adopting strategic partnerships and collaborations with regional and local players to strengthen their presence in the high-growth markets. Read More: https://www.dailyprbulletin.com/rapid-digitalization-to-boost-growth-of-global-blood-ketone-meter-market-share-and-size-anallysis/

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