Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The production of ketones in excessive amounts can cause ketoacidosis, a condition where the blood becomes acidic. Diabetic ketoacidosis (DKA) is a serious complication of type 1 diabetes and much less common in type 2 diabetes. Hence, it is very important for people who are suffering from diabetes to monitor their ketone levels. Blood ketone meter is a device used to measure the level of ketones present in the blood. The most accurate way of testing for ketones is to use a meter that measures blood ketone levels. The blood glucose meters are able to test blood ketone levels in addition to blood glucose levels.

Blood Ketone Meter Market – Impact of Coronavirus (Covid-19) Pandemic

The demand for blood ketone meter is increasing during the COVID-19 pandemic, as it is observed that both type 1 and type 2 diabetes patients are at high risk of being in contact with the COVID-19 infection. For instance, according to Primary Care Diabetes Society data of February 2020, during this COVID-19 pandemic, ketone monitoring must not be postponed as people with pre-existing medical conditions such as diabetes, asthma, and heart disease are at high risk of COVID-19 infection. Thus, the demand for blood ketone meters is increasing, as the blood ketone levels need to be monitored in every 4 to 6 hours.

The blood ketone meter market is estimated to be valued at US$ 301.7 million in 2020 and is expected to exhibit a CAGR of 7.1% during the forecast period (2020-2027).

Figure 1. Global Blood Ketone Meter Market Share (%) Analysis, By Product Type, 2020 & 2027

Blood Ketone Meter  | Coherent Market Insights

The increasing product approvals and increasing prevalence of ketoacidosis are expected to boost growth of the blood ketone meter market

Increasing incidence of diabetes coupled with rising cases of diabetic ketoacidosis are expected to drive the blood ketone meter market growth. For instance, according to the International Diabetes Federation (IDF) report, 2019, around 463 million adults of age group 20 to 79 years were suffering from diabetes worldwide in 2019 and is estimated to reach 700 million by 2045. Moreover, according to the Centers for Disease Control and Prevention (CDC), March 2018, around 30 per 1,000 patients were hospitalized due to diabetic ketoacidosis in the U.S. during 2009 to 2014.

Furthermore, product launches of blood ketone meters for monitoring of diabetic ketoacidosis is expected to drive the global blood ketone meter market growth. For instance, in December 2019, ForaCare Suisse AG (Europe subsidiary of ForaCare Inc.) announced the launch of its FORA 6 GTel multi-functional monitoring device with its new 'Lab in the Pocket' technology. The company also introduced its new mini-website, Fora Connect. The innovative 6-in-1 monitoring technology provides seamless 3G/4G data transmission of six key health parameters via a single device: Blood Glucose (BG), Hematocrit (HCT), Hemoglobin (HB), β-ketone (KB), Total Cholesterol (TCH), and Uric Acid (UA) levels. Hence, such approvals are expected to positively impact the global blood ketone meter market growth.

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Blood Ketone Meter Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 301.7 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR:

7.1%

2027 Value Projection: US$ 486.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of APAC
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Only Blood Ketone Monitoring, Blood Glucose and Ketone Monitoring, Consumables.
  • By Application: Human, Veterinary.
  • By End User: Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Home Care Settings, Veterinary Hospitals and Clinics, Others.
Companies covered:

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

Growth Drivers:
  • Rising Prevalence of Diabetic Ketoacidosis and Diabetes
  • Increasing Product Approvals and Launches
Restraints & Challenges:
  • Frequent Product Recalls

Blood Ketone Meter Market – Restraints

Blood ketone meters are technologically advanced devices, which may sometimes lead to technical faults, inconsistent results, and other issues, which could result in product recalls. Thus, increasing product recalls by the government authorities is expected to hamper the blood ketone meter market growth in the near future. For instance, in November 2019, the U.S. Food and Drug Administration announced the product recall of Precision Xtra Blood Glucose & Ketone Monitoring System manufactured by Abbott Laboratories. The reason for recall of the product was fault in the instruction letter. The original instruction letter distributed wrongly-mentioned multiple-patient use, which was not according to the U.S. FDA terms and the device was not cleared for multiple-patient use as per the U.S. FDA. The instructions could lead to inappropriate meter disinfection or improper handling of contaminated meters, which may cause infection or exacerbation of an existing infection.

Blood Ketone Meter Market – Regional Analysis

North America is estimated to hold the dominant position in the global blood ketone meter market in 2020 due to various mergers, agreements, and acquisitions by key players in the region. For instance, in March 2019, Keto Mojo, a blood glucose and ketone testing meters manufacturing company, entered into a collaboration with Heads Up Health, a software company for personal health data analytics, in order to develop Keto-Mojo App, which can be synced with the ketone meter. The integration will help users to keep a constant check on their health profile.

Moreover, increasing launches and approvals of new ketone meters for veterinary applications is expected to propel the blood ketone market growth over the forecast period. For instance, in July 2016, ACON Laboratories, Inc. launched CentriVet GK Blood Glucose & Ketone Monitoring System, which is designed for veterinary use. The veterinary clinics, emergency animal hospitals, farms, and animal caregivers can use the CentriVet GK Blood Glucose & Ketone Monitoring System to check the blood ketone and blood glucose levels in animals.

Figure 2. Global Blood Ketone Meter Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027

Blood Ketone Meter  | Coherent Market Insights

Blood Ketone Meter Market - Competitive Landscape

Key players operating in the global 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.

Ketones are produced by the body by breaking down fats and the process is known as ketosis. The body produces ketones when there is an insufficient supply of sugar in the cells due to low level of insulin. Hence, the body starts breaking down fat to provide ketones as an alternative source of energy to sugar. Ketosis also leads to weight loss and other benefits such as appetite control and improves heart health by reducing cholesterol.

However, production of ketones in excessive amounts can cause ketoacidosis, a condition where the blood becomes acidic. Ketoacidosis commonly affects people with type 1 diabetes due to low insulin levels and is known as diabetic ketoacidosis (DKA). Hence, it is very important for people who are suffering from diabetes to monitor their ketone levels. Blood ketone meters are the devices used to measure the level of ketones present in the blood.

Market Dynamics

Increasing incidence of diabetes coupled with rising cases of diabetic ketoacidosis due to diabetes are expected to drive the blood ketone meter market growth. For instance, according to the International Diabetes Federation report, 2019, around 463 million adults of age group 20 to 79 years were suffering from diabetes worldwide in 2019 and is estimated to reach 700 million by 2045. According to the Centers for Disease Control and Prevention (CDC), March 2018, around 30 per 1,000 patients were hospitalized due to diabetic ketoacidosis in the U.S. during 2009 to 2014.

Moreover, several launches and approvals of new blood ketone meters are also expected to boost growth of the blood ketone meter market over the forecast period. For instance, in July 2018, Nova Biomedical received 510 (k) U.S.FDA clearance for its StatStrip glucose/ketone hospital meter system, the first finger-stick capillary testing meter for critically ill patients with and without diabetes. The device can be used with arterial, venous or capillary specimens from all patients including critically ill patients.

Key features of the study:

  • This report provides in-depth analysis of the global blood ketone meter market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2020-2027, considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles key players in the global blood ketone meter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global blood ketone meter market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for blood ketone meter market, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:

  • Global Blood Ketone Meter Market, By Product Type:
    • Only Blood Ketone Monitoring
    • Blood Glucose and Ketone Monitoring
    • Consumables
  • Global Blood Ketone Meter Market, By Application:
    • Human
    • Veterinary
  • Global Blood Ketone Meter Market, By End User:
    • Hospitals
    • Diagnostic Centers
    • Ambulatory Surgical Centers
    • Home Care Settings
    • Veterinary Hospitals and Clinics
    • Others
  • Global Blood Ketone Meter Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Only Blood Ketone Monitoring
        • Blood Glucose and Ketone Monitoring
        • Consumables
      • By Application:
        • Human
        • Veterinary
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Ambulatory Surgical Centers
        • Home Care Settings
        • Veterinary Hospitals and Clinics
        • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Only Blood Ketone Monitoring
        • Blood Glucose and Ketone Monitoring
        • Consumables
      • By Application:
        • Human
        • Veterinary
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Ambulatory Surgical Centers
        • Home Care Settings
        • Veterinary Hospitals and Clinics
        • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Only Blood Ketone Monitoring
        • Blood Glucose and Ketone Monitoring
        • Consumables
      • By Application:
        • Human
        • Veterinary
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Ambulatory Surgical Centers
        • Home Care Settings
        • Veterinary Hospitals and Clinics
        • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Only Blood Ketone Monitoring
        • Blood Glucose and Ketone Monitoring
        • Consumables
      • By Application:
        • Human
        • Veterinary
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Ambulatory Surgical Centers
        • Home Care Settings
        • Veterinary Hospitals and Clinics
        • Others
      • By End User:
        • Antibiotics
        • Corticosteroids
        • Monoclonal Antibody
        • Leukotriene Inhibitors
        • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Only Blood Ketone Monitoring
        • Blood Glucose and Ketone Monitoring
        • Consumables
      • By Application:
        • Human
        • Veterinary
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Ambulatory Surgical Centers
        • Home Care Settings
        • Veterinary Hospitals and Clinics
        • Others
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Only Blood Ketone Monitoring
        • Blood Glucose and Ketone Monitoring
        • Consumables
      • By Application:
        • Human
        • Veterinary
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Ambulatory Surgical Centers
        • Home Care Settings
        • Veterinary Hospitals and Clinics
        • Others
  • Company Profiles
    • Abbott Laboratories*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • 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

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. 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)
  3. 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
  4. Impact of COVID-19 on Blood Ketone Meter Market
    • During-COVID 19 Market Situation
    • Overall Impact
    • Supply Side And Demand Side Analysis
  5. 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)
  6. 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)
  7. 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)
  8. 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
  9. 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
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 42 market data tables and 34 figures on "Global Blood Ketone Meter Market” - Forecast to 2027”

Frequently Asked Questions

The blood ketone meter market is expected to register a CAGR of market is 7.1% during the forecast period (2020-2027).
The value of blood ketone meter market is estimated to be US$ 301.7 million in 2020.
The prominent players in the global 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.
The blood ketone meter market is expected to be valued at US$ 486.3 million in 2027.
North America is the major region in the blood ketone meter market.
The increasing number of product approvals and launches, and increasing incidence of diabetes coupled with rising cases of diabetic ketoacidosis due to diabetes are expected to drive growth of the blood ketone meter market.
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