B-Ketone Monitoring System Market: By Product Type (Disposable, Reusable, Other), By End User (Hospital, Homecare, Diagnostic Laboratories, Special Clinics), And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
B-Ketone Monitoring System Market: By Product Type (Disposable, Reusable, Other), By End User (Hospital, Homecare, Diagnostic Laboratories, Special Clinics), And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
PRODUCT OVERVIEW
Blood Ketone Monitoring Systems are used for monitoring the levels of ketones in the blood. Ketones are chemicals produced in the liver and are produced due to insufficient secretion of insulin in body which assists in modification of sugar into energy. So, the body fat is used by liver for conversion into ketones which are sent into bloodstream. An increase in diabetes-related complications has resulted in the innovation of novel products to monitor the levels of ketone and glucose. Ketones in blood test is done for identifying the diabetic ketoacidosis (DKA) in people having diabetes. DKA can affect diabetic people most commonly with type 1 diabetes.
MARKET HIGHLIGHTS
Global B-Ketone Monitoring System Market is expected o prject a notable CAGR of 6.8% in 2032
Global B-Ketone Monitoring System market is expected to exceed beyond USD 637.1 million by 2032 from USD 308.23 million in 2021 growing with a CAGR of 6.8% in the forecast period, i.e., 2022-2032 owing to the rising investments in research and development to design multi-functional B-Ketone Monitoring Systems by the key players which is expected to dominate the Global B-Ketone Monitoring System market growth over the forecast period. A blood ketone test can be done for diabetic patient when sick or if pregnant. The market is also expected to dominate as the patients are more aware of knowing the blood parameters and in turn, it helps to maintain healthy living.
GLOBAL B-KETONE MONITORING SYSTEM MARKET: SEGMENTS
Reusable segment is expected to dominate during the forecast period
Global B-Ketone Monitoring System market is classified based on the Product Type into Disposable, Reusable, Other. Reusable segment is dominating the market and is also expected to dominate with the largest market share in the forecast period owing to the rising utilization of B-Ketone Monitoring kits and strips in the market as they can be reused by changing only the test strips. The cost involved in using the reusable type monitoring systems is less, hence the Reusable segment is expected to dominate the Global B-Ketone Monitoring System market.
Homecare segment is expected to dominate during the forecast period
Global B-Ketone Monitoring System market is classified based on the End User into Hospital, Homecare, Diagnostic Laboratories, Special Clinics. Hospitals segment had the largest share owing to the high admissions of patients in hospitals due to the pandemic and Homecare segment is expected to dominate the Global B-Ketone Monitoring System market in the forecast period owing to the increasing necessity of the monitoring systems in the home purpose as the cost of testing at hospitals or diagnostic centers may be high which won’t be affordable. Hence, the homecare segment is expected to dominate over the forecast period.
MARKET DYNAMICS
Growth Drivers
Increasing prevalence of diabetes is expected to boost the growth of the market
.Growing user-friendly B-Ketone Monitoring Systems is expected to boost the market growth
Restraint
High Cost of the monitoring system may hamper the market growth
.
GLOBAL B-KETONE MONITORING SYSTEM MARKET:
Key Players
Global B-Ketone Monitoring System Segments:
PRODUCT OVERVIEW
Blood Ketone Monitoring Systems are used for monitoring the levels of ketones in the blood. Ketones are chemicals produced in the liver and are produced due to insufficient secretion of insulin in body which assists in modification of sugar into energy. So, the body fat is used by liver for conversion into ketones which are sent into bloodstream. An increase in diabetes-related complications has resulted in the innovation of novel products to monitor the levels of ketone and glucose. Ketones in blood test is done for identifying the diabetic ketoacidosis (DKA) in people having diabetes. DKA can affect diabetic people most commonly with type 1 diabetes.
MARKET HIGHLIGHTS
Global B-Ketone Monitoring System Market is expected o prject a notable CAGR of 6.8% in 2032
Global B-Ketone Monitoring System market is expected to exceed beyond USD 637.1 million by 2032 from USD 308.23 million in 2021 growing with a CAGR of 6.8% in the forecast period, i.e., 2022-2032 owing to the rising investments in research and development to design multi-functional B-Ketone Monitoring Systems by the key players which is expected to dominate the Global B-Ketone Monitoring System market growth over the forecast period. A blood ketone test can be done for diabetic patient when sick or if pregnant. The market is also expected to dominate as the patients are more aware of knowing the blood parameters and in turn, it helps to maintain healthy living.
GLOBAL B-KETONE MONITORING SYSTEM MARKET: SEGMENTS
Reusable segment is expected to dominate during the forecast period
Global B-Ketone Monitoring System market is classified based on the Product Type into Disposable, Reusable, Other. Reusable segment is dominating the market and is also expected to dominate with the largest market share in the forecast period owing to the rising utilization of B-Ketone Monitoring kits and strips in the market as they can be reused by changing only the test strips. The cost involved in using the reusable type monitoring systems is less, hence the Reusable segment is expected to dominate the Global B-Ketone Monitoring System market.
Homecare segment is expected to dominate during the forecast period
Global B-Ketone Monitoring System market is classified based on the End User into Hospital, Homecare, Diagnostic Laboratories, Special Clinics. Hospitals segment had the largest share owing to the high admissions of patients in hospitals due to the pandemic and Homecare segment is expected to dominate the Global B-Ketone Monitoring System market in the forecast period owing to the increasing necessity of the monitoring systems in the home purpose as the cost of testing at hospitals or diagnostic centers may be high which won’t be affordable. Hence, the homecare segment is expected to dominate over the forecast period.
MARKET DYNAMICS
Growth Drivers
Increasing prevalence of diabetes is expected to boost the growth of the market
.Growing user-friendly B-Ketone Monitoring Systems is expected to boost the market growth
Restraint
High Cost of the monitoring system may hamper the market growth
.
GLOBAL B-KETONE MONITORING SYSTEM MARKET:
Key Players
- Vidan Diagnostics
- Abbott
- EKF Diagnostics
- Leap Medical
- KETO-MOJO
- Sentest Medical
- TaiDoc Technology
- Nova Biomedical,
- ACON Laboratories, Inc.
- Ubric Acid LLC
- Other Prominent Players
Global B-Ketone Monitoring System Segments:
- By Product Type
- Disposable
- Reusable
- Others
- By End User
- Hospital
- Homecare
- Diagnostic Laboratories
- Special Clinics
- Global B-Ketone Monitoring System Market Dynamics
- Global B-Ketone Monitoring System Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. Executive Summary
1.1.Regional Market Share
1.2.Business Trends
1.3. Global B-Ketone Monitoring System Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3.MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global B-Ketone Monitoring System Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4.GLOBAL B-KETONE MONITORING SYSTEM MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5.MACROECONOMIC INDICATORS
6.RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9.MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.GLOBAL B-KETONE MONITORING SYSTEM MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
11.GLOBAL B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product Type
11.3.1.1.Disposable
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Reusable
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Other
11.3.1.3.1.By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.By End User
11.3.2.1.Hospital
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2.Homecare
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2.Market Share (%) 2022-2032F
11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.3.Diagnostic
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2.Market Share (%) 2022-2032F
11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.4.Laboratories
11.3.2.4.1.By Value (USD Million) 2022-2032F
11.3.2.4.2.Market Share (%) 2022-2032F
11.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.5.Special Clinics
11.3.2.5.1.By Value (USD Million) 2022-2032F
11.3.2.5.2.Market Share (%) 2022-2032F
11.3.2.5.3.Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2.By End User
12.4. Country
12.4.1.United States
12.4.2.Canada
13.EUROPE B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2.By End User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1.By Product Type
14.3.2.By End User
14.4. By Country
14.4.1.India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2.By End User
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.LATIN AMERICA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2.By End User
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18.COMPANY PROFILES
18.1. Vidan Diagnostics
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.1.4.5.Executive Team
18.2. Abbott
18.3. EKF Diagnostics
18.4. Leap Medical
18.5. KETO-MOJO
18.6. Sentest Medical
18.7. TaiDoc Technology
18.8. ACON Laboratories, Inc.
18.9. Nova Biomedical
18.10. Ubric Acid LLC
18.11. Other Prominent Players
19.APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2.Business Trends
1.3. Global B-Ketone Monitoring System Market: COVID-19 Outbreak
1.4.Regional Trends
1.5.Segmentation Snapshot
2.RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3.MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global B-Ketone Monitoring System Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4.GLOBAL B-KETONE MONITORING SYSTEM MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5.MACROECONOMIC INDICATORS
6.RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9.MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10.GLOBAL B-KETONE MONITORING SYSTEM MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1.Market Size, Y-o-Y Growth (%) and Market Forecast
11.GLOBAL B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Product Type
11.3.1.1.Disposable
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Reusable
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Other
11.3.1.3.1.By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.By End User
11.3.2.1.Hospital
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2.Homecare
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2.Market Share (%) 2022-2032F
11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.3.Diagnostic
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2.Market Share (%) 2022-2032F
11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.4.Laboratories
11.3.2.4.1.By Value (USD Million) 2022-2032F
11.3.2.4.2.Market Share (%) 2022-2032F
11.3.2.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.5.Special Clinics
11.3.2.5.1.By Value (USD Million) 2022-2032F
11.3.2.5.2.Market Share (%) 2022-2032F
11.3.2.5.3.Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2.By End User
12.4. Country
12.4.1.United States
12.4.2.Canada
13.EUROPE B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2.By End User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4.Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1.By Product Type
14.3.2.By End User
14.4. By Country
14.4.1.India
14.4.2.China
14.4.3.South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2.By End User
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4.South Africa
15.4.5.Rest of Middle East and Africa
16.LATIN AMERICA B-KETONE MONITORING SYSTEM MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2.By End User
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17.COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18.COMPANY PROFILES
18.1. Vidan Diagnostics
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.1.4.5.Executive Team
18.2. Abbott
18.3. EKF Diagnostics
18.4. Leap Medical
18.5. KETO-MOJO
18.6. Sentest Medical
18.7. TaiDoc Technology
18.8. ACON Laboratories, Inc.
18.9. Nova Biomedical
18.10. Ubric Acid LLC
18.11. Other Prominent Players
19.APPENDIX
20.CONSULTANT RECOMMENDATION
