The Global Blood Ketone Meter Market Is Witnessing High Growth Owing To the Increasing Incidence of Diabetes in the World

 

Market Overview:

A ketone is a functional group with the chemical formula R2C=O, with R being any carbon-containing substituent. Ketones are highly important in biology and industry. The most common ketone is acetone, which has the formula CH3CCH3. Despite their simplicity, ketones are extremely important in a wide variety of different industries. To check for ketones in urine, users need to use a test kit. These kits come with test strips, which should be inserted into the urine stream. If ketones are present, it means that patients haven't been eating enough calories or the blood glucose level is too high. To prevent ketones from forming, try to eat some protein at bedtime. Ketone levels should be negligible or even a trace in the morning urine. Ketones are derived from hydrocarbons and have a carbonyl group that is polar. Carbon and oxygen have higher electronegativity than hydrogen. Therefore, ketones react with water via hydrogen bonding. Ketones are more water-soluble than methylene compounds. They are also more volatile than comparable molecular weights and are used in the perfumery, cosmetics, and solvents. In addition, they are also known as acetone.

Competitive Landscape:

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

Key Market Drivers:

The increasing incidence of the diabetic population in the world is expected to augment the growth of the global blood ketone meter market. For instance, according to the Centers for Disease Control and Prevention, around 415 million individuals in the world are suffering from diabetes and by 2040 over half a billion population will be diagnosed with diabetes. To determine whether patients have a ketone level in the blood, a ketone urine test kit is available at any drugstore or doctor's office. Using the ketone monitor kit is simple: simply prick the finger with a lancing device, pour the urine into the ketone test strip, wait for it to change color, and match the color to the chart. If the blood level in the urine is high, the physician will order a blood test. While there are millions of potential ketone compounds, not all of them are categorized as ketone bodies. However, the three primary ketone bodies are acetone, acetoacetate, and 3-beta-hydroxybutyrate. As mentioned, there are also other ketone compounds that are produced by the body. Increasing new monitoring technology launches by key players is estimated to enhance the growth of the global blood ketone meter market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, the demand in the global blood ketone meter market increased since it was observed that diabetic patients are more vulnerable to getting infected with the virus. For instance, according to the Primary Care Diabetes Society, during the pandemic, ketone monitoring shouldn't be overlooked as individuals with pre-existing health issues such as asthma and diabetes are at a very high risk of infection.

Key Takeaways:

·         North America is expected to dominate the growth of the global blood ketone meter market, owing to the high prevalence of the diabetic population in the region. For instance, according to the United States Centers for Disease Control and Prevention, currently, approximately 37.3 million Americans are suffering from diabetes.

·         The Asia Pacific is estimated to witness high growth in the global blood ketone meter market, owing to the increasing incidence of diabetes in the region. For instance, according to the National Institutes of Health (NIH), around 13.5% of the Japanese population suffer from either type 2 diabetes or impaired glucose tolerance.