One Stop Shop For Reports One Stop Shop For Reports
  • All Reports
  • All Sectors
    • Chemicals & Materials
      • Advanced Materials
      • Bulk Chemicals
      • Coatings | Paints and Additives
      • Composites
      • Renewable | Speciality chemicals
    • Consumer Goods
      • Baby Products
      • Consumer Electronics
      • Consumer Packaging
      • Cosmetics & Personal Care
      • Homecare & Decor
      • Luxury & premium products
    • Energy and Power
      • Energy Efficiency and Conservation
      • Green | Renewable Energy
      • Non Renewable | Conventional Energy
      • Power Equipment and Devices
    • Life Science
      • Biotechnology
      • Diagnostics
      • Healthcare
      • Healthcare IT
      • Medical Devices & Supplies
      • Pharmaceuticals
    • Food and Beverage
      • Agriculture & Agri Products
      • Beverages
      • Food Ingredients
      • Food Services and Hospitality
      • Nutraceutical | Wellness Food
      • Processed & Frozen Foods
    • Automotive and Transportation
      • Automotive components
      • Automotive Logistics
      • Automotive systems and accessories
    • Information and Communications Technology
      • E Commerce and Outsourcing
      • Entertainment & Media
      • High Tech | Enterprise & Consumer IT
      • Information & Network Security
      • Mobility | Telecom & Wireless
      • Software and Services
    • Semiconductor and Electronics
      • Semiconductor Materials and Components
      • Display Technology
      • Electronics System and Components
      • Emerging technologies
      • Security and Surveillance
      • Sensors and Controls
    • Building and Construction
      • Construction Materials
      • HVAC
      • Residential Construction and Improvement
      • Roads & Highways
    • Manufacturing
      • Manufacturing Services
      • Heavy Manufacturing
      • Packaging
      • Engineering | Equipment and Machinery
  • Who Trust Us
  • [email protected]
  • +1 718 874 1545 (International)
  • +91 78878 22626 (Asia)

More Results

One Stop Shop For Reports One Stop Shop For Reports
  • All Reports
  • All Sectors
    • Chemicals & Materials
      • Advanced Materials
      • Bulk Chemicals
      • Coatings | Paints and Additives
      • Composites
      • Renewable | Speciality chemicals
    • Consumer Goods
      • Baby Products
      • Consumer Electronics
      • Consumer Packaging
      • Cosmetics & Personal Care
      • Homecare & Decor
      • Luxury & premium products
    • Energy and Power
      • Energy Efficiency and Conservation
      • Green | Renewable Energy
      • Non Renewable | Conventional Energy
      • Power Equipment and Devices
    • Life Science
      • Biotechnology
      • Diagnostics
      • Healthcare
      • Healthcare IT
      • Medical Devices & Supplies
      • Pharmaceuticals
    • Food and Beverage
      • Agriculture & Agri Products
      • Beverages
      • Food Ingredients
      • Food Services and Hospitality
      • Nutraceutical | Wellness Food
      • Processed & Frozen Foods
    • Automotive and Transportation
      • Automotive components
      • Automotive Logistics
      • Automotive systems and accessories
    • Information and Communications Technology
      • E Commerce and Outsourcing
      • Entertainment & Media
      • High Tech | Enterprise & Consumer IT
      • Information & Network Security
      • Mobility | Telecom & Wireless
      • Software and Services
    • Semiconductor and Electronics
      • Semiconductor Materials and Components
      • Display Technology
      • Electronics System and Components
      • Emerging technologies
      • Security and Surveillance
      • Sensors and Controls
    • Building and Construction
      • Construction Materials
      • HVAC
      • Residential Construction and Improvement
      • Roads & Highways
    • Manufacturing
      • Manufacturing Services
      • Heavy Manufacturing
      • Packaging
      • Engineering | Equipment and Machinery
  • Who Trust Us
Home ➤ Life Science ➤ Medical Devices & Supplies ➤ Veterinary Blood Lactate Test Meter Equipment Market
Veterinary Blood Lactate Test Meter Equipment Market
Veterinary Blood Lactate Test Meter Equipment Market
Published date: Jan 2025 • Formats:
Request Sample Schedule a Call
  • Home ➤ Life Science ➤ Medical Devices & Supplies ➤ Veterinary Blood Lactate Test Meter Equipment Market

Veterinary Blood Lactate Test Meter Equipment Market By Product Type (Handheld, Benchtop, and Portable), By Sample Type (Plasma, Whole Blood, and Serum), By Animal Type (Companion, Livestock, and Exotic), By End-User (Veterinary Hospitals & Clinics, Research Laboratories, and Diagnostic Laboratories), Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2025-2034

  • Published date: Jan 2025
  • Report ID: 138649
  • Number of Pages: 322
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Free Sample
  • Quick Navigation

    • Report Overview
    • Key Takeaways
    • Product Type Analysis
    • Sample Type Analysis
    • Animal Type Analysis
    • End-User Analysis
    • Key Market Segments
    • Drivers
    • Restraints
    • Opportunities
    • Impact of Macroeconomic / Geopolitical Factors
    • Trends
    • Regional Analysis
    • Key Players Analysis
    • Recent Developments
    • Report Scope

    Report Overview

    The Veterinary Blood Lactate Test Meter Equipment Market Size is expected to be worth around US$ 234.3 million by 2034 from US$ 141.1 million in 2024, growing at a CAGR of 5.2% during the forecast period 2025 to 2034.

    Growing awareness of the importance of monitoring and managing veterinary health is driving the expansion of the veterinary blood lactate test meter equipment market. Blood lactate testing plays a critical role in assessing the metabolic state of animals, particularly in identifying conditions such as shock, sepsis, or lactic acidosis, and is widely used in veterinary practices for emergency and intensive care.

    The increasing incidence of chronic health conditions in pets, such as obesity, is fueling demand for these devices. According to a report by BluePearl Pet Hospital, the prevalence of chronic conditions like obesity has increased, with 34% of cats and 31% of dogs being overweight or obese, highlighting the need for effective monitoring tools. Recent trends show a shift toward portable, easy-to-use blood lactate test meters that provide fast results for both in-clinic and on-site testing.

    These innovations are making it easier for veterinarians to diagnose and manage critical conditions in real-time, improving patient outcomes. Additionally, the growing focus on preventive care and the increasing pet ownership rates present substantial opportunities for market growth.

    The rise in pet insurance, which often covers diagnostic testing, further supports the adoption of advanced veterinary diagnostic equipment. As veterinary practices continue to embrace technological advancements, the blood lactate test meter market is poised for sustained growth, offering new solutions to enhance veterinary care.

    Key Takeaways

    • In 2023, the market for veterinary blood lactate test meter equipment generated a revenue of US$ 141.1 million, with a CAGR of 5.2%, and is expected to reach US$ 234.3 million by the year 2033.
    • The product type segment is divided into handheld, benchtop, and portable, with handheld taking the lead in 2023 with a market share of 49.7%.
    • Considering sample type, the market is divided into plasma, whole blood, and serum. Among these, whole blood held a significant share of 46.3%.
    • Furthermore, concerning the animal type segment, the market is segregated into companion, livestock, and exotic. The companion sector stands out as the dominant player, holding the largest revenue share of 52.4% in the veterinary blood lactate test meter equipment market.
    • The end-user segment is segregated into veterinary hospitals & clinics, research laboratories, and diagnostic laboratories, with the veterinary hospitals & clinics segment leading the market, holding a revenue share of 57.2%.
    • North America led the market by securing a market share of 40.2% in 2023.

    Product Type Analysis

    The handheld segment led in 2023, claiming a market share of 49.7% owing to the increasing need for portable and easy-to-use diagnostic tools in veterinary care. Handheld meters offer veterinarians the ability to quickly measure lactate levels in animals in various settings, including emergency situations and on-site visits.

    This convenience, coupled with advancements in sensor technology that provide quick and accurate results, makes handheld devices highly sought after. Furthermore, the growing focus on providing efficient and timely veterinary care in both rural and urban areas is anticipated to fuel the demand for handheld veterinary blood lactate test meter equipment.

    Sample Type Analysis

    The whole blood held a significant share of 46.3% due to the advantages of using whole blood samples for faster and more comprehensive testing. Whole blood allows for the immediate measurement of lactate levels, which is critical in diagnosing metabolic acidosis, shock, and other conditions in animals.

    This segment is projected to expand as veterinary professionals increasingly opt for whole blood testing due to its efficiency in emergency care and routine health assessments for a variety of animal species. The accuracy and speed provided by whole blood testing will likely contribute to its growing adoption in veterinary practices worldwide.

    Veterinary Blood Lactate Test Meter Equipment Market Size

    Animal Type Analysis

    The companion segment had a tremendous growth rate, with a revenue share of 52.4% owing to the increasing demand for veterinary care for pets, particularly dogs and cats. As companion animals become more integrated into family life, there is a greater focus on their health, leading to a rise in diagnostic tests such as lactate measurement.

    Pet owners are more willing to invest in advanced diagnostic technologies to ensure the well-being of their pets, and veterinarians are adopting these tools to provide timely interventions for conditions like sepsis and trauma. This shift toward specialized care for companion animals is expected to drive growth in the companion animal segment of the market.

    End-User Analysis

    The veterinary hospitals & clinics segment grew at a substantial rate, generating a revenue portion of 57.2% as these facilities increasingly adopt advanced diagnostic tools to improve patient outcomes. Veterinary hospitals and clinics are expected to invest more in accurate, portable, and reliable blood lactate meters to assist in the early detection of various health conditions, including metabolic disturbances, shock, and hypoxia.

    As veterinary medicine advances, these establishments are likely to incorporate more comprehensive diagnostic tools to meet the rising demand for specialized and emergency care. The increasing number of pet owners seeking veterinary services will further drive the growth of this segment.

    Key Market Segments

    By Product Type

    • Handheld
    • Benchtop
    • Portable

    By Sample Type

    • Plasma
    • Whole Blood
    • Serum

    By Animal Type

    • Companion
    • Livestock
    • Exotic

    By End-User

    • Veterinary Hospitals & Clinics
    • Research Laboratories
    • Diagnostic Laboratories

    Drivers

    Rising Demand for Advanced Diagnostic Tools

    Rising demand for advanced diagnostic tools in veterinary practices is anticipated to drive the veterinary blood lactate test meter equipment market significantly. Veterinarians increasingly rely on blood lactate meters to assess critical conditions such as sepsis, shock, and respiratory distress in animals. These devices provide rapid and accurate measurements of blood lactate levels, enabling timely interventions and improved clinical outcomes.

    The growing awareness about the importance of early disease detection among pet owners amplifies the demand for advanced diagnostic equipment. Manufacturers focus on developing user-friendly and portable devices that cater to both small and large animal practices. Integration of wireless connectivity and data storage capabilities enhances diagnostic efficiency and record-keeping.

    Rising adoption of companion animals further boosts the need for advanced veterinary diagnostic tools. The increasing prevalence of metabolic and critical illnesses in livestock also drives the adoption of these meters in farm settings. Collaborative efforts between veterinary clinics and technology providers expand the availability of innovative diagnostic equipment globally. These trends emphasize the critical role of advanced diagnostic tools in improving animal healthcare outcomes.

    Restraints

    High Costs Are Restraining the Veterinary Blood Lactate Test Meter Equipment Market

    High costs associated with veterinary blood lactate test meter equipment are restraining the market. Advanced diagnostic devices require substantial investment in research and manufacturing, increasing their retail prices. Veterinary clinics with limited budgets, particularly in low-income regions, struggle to adopt these tools. The cost of consumables such as test strips and sensors adds to operational expenses, making these devices less accessible.

    Limited insurance coverage for veterinary diagnostics further discourages widespread adoption. Smaller practices face challenges in justifying the investment for equipment that primarily serves critical cases. The need for regular calibration and maintenance adds financial strain, particularly for rural clinics. Addressing these barriers requires cost-effective product development and supportive financial policies to improve accessibility for veterinary professionals.

    Opportunities

    Increasing Innovation as an Opportunity for the Veterinary Blood Lactate Test Meter Equipment Market

    Increasing innovation is anticipated to create significant opportunities for the veterinary blood lactate test meter equipment market. Manufacturers focus on integrating advanced technologies, such as biosensors and point-of-care diagnostics, to enhance the accuracy and usability of these devices. Portable meters with real-time data connectivity streamline diagnostic workflows and improve efficiency in field settings.

    Research investments in durable and reusable test strips reduce recurring costs, making these tools more cost-effective. Collaboration between veterinary schools and tech companies accelerates the development of specialized meters for different animal species. Growing demand for multi-parameter diagnostic tools encourages manufacturers to expand their product portfolios.

    Rising government and private funding for animal healthcare research supports the commercialization of innovative solutions. These trends underscore the transformative potential of innovation in addressing the evolving needs of the veterinary diagnostic market.

    Impact of Macroeconomic / Geopolitical Factors

    Macroeconomic and geopolitical factors play a significant role in shaping the veterinary blood lactate test meter equipment market. On the positive side, increasing investments in animal healthcare, particularly in emerging markets, drive the demand for advanced diagnostic equipment, including lactate test meters. Rising awareness of animal welfare and the growing emphasis on veterinary care for both pets and livestock contribute to market growth.

    However, economic downturns or budget constraints in the agricultural and veterinary sectors may limit spending on high-cost diagnostic devices, hindering market expansion. Geopolitical issues such as trade barriers, regulatory discrepancies, and political instability can disrupt the supply chain for key components, affecting production and availability.

    Variations in healthcare policies across regions, along with varying reimbursement rates for veterinary procedures, can impact the affordability and accessibility of these devices. Despite these challenges, the continuous focus on improving animal health and the growing need for accurate diagnostic tools provide a positive outlook for the market’s long-term growth.

    Trends

    Integration of In-house Analyzers Driving the Veterinary Blood Lactate Test Meter Equipment Market

    Rising integration of in-house analyzers is a key trend driving the veterinary blood lactate test meter equipment market. High demand for faster, more accurate, and cost-effective diagnostics is expected to accelerate the adoption of point-of-care analyzers in veterinary practices. The integration of these analyzers with practice management software is likely to streamline workflows, improve efficiency, and enhance the accuracy of diagnostics.

    Increasing reliance on in-house testing reduces the need for external lab services, allowing veterinary clinics to provide immediate results to pet owners and livestock managers. A recent trend in the veterinary diagnostics market is the integration of in-house analyzers with practice management software, streamlining workflows and improving efficiency.

    IDEXX’s VetLab Station exemplifies this trend by connecting point-of-care analyzers and diagnostic software, facilitating seamless data management in veterinary practices. As this trend grows, the veterinary blood lactate test meter equipment market is anticipated to expand, improving diagnostic capabilities and overall operational effectiveness in veterinary settings.

    Regional Analysis

    North America is leading the Veterinary Blood Lactate Test Meter Equipment Market

    North America dominated the market with the highest revenue share of 40.2% owing to increased awareness of animal health management and advanced diagnostic tools. Rising adoption of pets and growing livestock populations led to a surge in veterinary visits, driving demand for quick and accurate diagnostic equipment. The expanding network of veterinary clinics and hospitals, coupled with government initiatives promoting animal welfare, also contributed to market growth.

    Technological advancements, such as portable and user-friendly lactate meters, attracted both large-scale veterinary practices and small animal clinics. Additionally, increased focus on early diagnosis of critical conditions, including hypoxia and shock in animals, encouraged the use of lactate testing devices. Key players in the region actively introduced innovative products with enhanced accuracy and connectivity features, further propelling market expansion.

    The presence of leading manufacturers and strong distribution networks ensured easy availability of these devices across the U.S. and Canada. Investment in research and development, alongside favorable reimbursement policies for advanced diagnostics, bolstered market penetration. Moreover, rising expenditure on animal healthcare by pet owners played a vital role in accelerating growth. The market also benefited from collaborations between veterinary institutions and industry leaders to improve diagnostic outcomes.

    The Asia Pacific region is expected to experience the highest CAGR during the forecast period

    Asia Pacific is expected to grow with the fastest CAGR owing to increasing livestock farming and rising awareness about animal health among pet owners. Rapid urbanization and growing disposable incomes in countries like China and India are expected to drive demand for advanced diagnostic equipment. Expansion of veterinary care services in rural and semi-urban areas is projected to boost market growth as access to diagnostic tools becomes more widespread.

    The adoption of telemedicine in veterinary care is likely to create opportunities for the use of portable lactate meters that support remote monitoring. Government initiatives aimed at improving veterinary infrastructure and disease prevention in livestock are estimated to encourage adoption. Technological advancements introduced by local manufacturers, including cost-effective solutions, are expected to enhance affordability for small-scale veterinary practices.

    Increased participation in global trade of livestock products is anticipated to further stimulate demand for advanced diagnostic tools. Collaborations between international companies and regional distributors are projected to improve device availability. The growing focus on academic research and training in veterinary sciences across the region is also likely to contribute to market expansion. As awareness about the importance of early diagnostics grows, Asia Pacific is poised to become a key market for this segment.

    Veterinary Blood Lactate Test Meter Equipment Market Regions

    Key Regions and Countries

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Russia
      • Netherland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • New Zealand
      • Singapore
      • Thailand
      • Vietnam
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA

    Key Players Analysis

    Key players in the veterinary blood lactate test meter equipment market are adopting strategies like developing portable and species-specific analyzers. These innovations cater to the diverse needs of veterinary practices. Investment in research and development is pivotal, enhancing diagnostic accuracy while reducing test durations. This focus on efficiency supports effective point-of-care solutions, crucial for rapid medical responses.

    Strategic partnerships with veterinary clinics and distributors are essential for expanding market presence and improving product accessibility. Additionally, companies are venturing into new geographical areas that show increased demand for advanced veterinary diagnostics. Such expansion strategies are geared towards capturing wider market segments and enhancing overall growth.

    EKF Diagnostics stands out in this market with its Lactate Scout Vet, a handheld analyzer that offers quick and accurate testing for animals. This device exemplifies innovation, providing test results in just 10 seconds, which underscores reliability and user-friendliness for veterinarians. By prioritizing innovation and maintaining a commitment to quality, EKF Diagnostics has established itself as a trusted name in the field of veterinary diagnostics.

    Top Key Players in the Veterinary Blood Lactate Test Meter Equipment Market

    • IDEXX Laboratories
    • Heska Corporation
    • EKF Diagnostics
    • DVMetrics
    • Boehringer Ingelheim
    • BioCare Copenhagen
    • ARKRAY
    • Abaxis

    Recent Developments

    • In August 2024, EKF Diagnostics introduced the Lactate Scout Vet, a portable device tailored for measuring lactate levels in animals. This launch provides veterinary clinics with enhanced tools for point-of-care diagnostics, potentially improving the overall management of animal health and impacting the veterinary market.
    • In October 2024, IDEXX Laboratories reported that its Companion Animal Group unit experienced a sales increase of 6%, totaling US$ 892 million for the quarter ending on September 30. This uptick is attributed to the growing demand for sophisticated diagnostic tools, such as blood lactate test meters, indicating a broadening of the market.

    Report Scope

    Report Features Description
    Market Value (2024) US$ 141.1 million
    Forecast Revenue (2034) US$ 234.3 million
    CAGR (2025-2034) 5.2%
    Base Year for Estimation 2024
    Historic Period 2020-2023
    Forecast Period 2025-2034
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments
    Segments Covered By Product Type (Handheld, Benchtop, and Portable), By Sample Type (Plasma, Whole Blood, and Serum), By Animal Type (Companion, Livestock, and Exotic), By End-User (Veterinary Hospitals & Clinics, Research Laboratories, and Diagnostic Laboratories)
    Regional Analysis North America – US, Canada; Europe – Germany, France, The UK, Spain, Italy, Russia, Netherlands, Rest of Europe; Asia Pacific – China, Japan, South Korea, India, Australia, New Zealand, Singapore, Thailand, Vietnam, Rest of APAC; Latin America – Brazil, Mexico, Rest of Latin America; Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of MEA
    Competitive Landscape IDEXX Laboratories, Heska Corporation, EKF Diagnostics, DVMetrics, Boehringer Ingelheim, BioCare Copenhagen, ARKRAY, and Abaxis.
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)
    Veterinary Blood Lactate Test Meter Equipment Market
    Veterinary Blood Lactate Test Meter Equipment Market
    Published date: Jan 2025
    add_shopping_cartBuy Now get_appDownload Sample
    keyboard_arrow_up
    • IDEXX Laboratories
    • Heska Corporation
    • EKF Diagnostics
    • DVMetrics
    • Boehringer Ingelheim
    • BioCare Copenhagen
    • ARKRAY
    • Abaxis
  • settingsSettings

Related Reports

  • Veterinary vaccines Market
  • Veterinary Electrosurgery Market
  • Veterinary Software Market
  • Veterinary Supplements Market
  • Veterinary Surgical Instruments Market
  • Veterinary Reference Laboratory Market
  • Veterinary Diagnostic Imaging Market

Our Clients

  • Our Clients
Inquiry Before Buying

Veterinary Blood Lactate Test Meter Equipment Market
  • 138649
  • Jan 2025
    • ★★★★★
      ★★★★★
    • (142)
add_shopping_cart Buy Now
Trusted by more than 17382 organizations globally
  • Client Logo
  • Client Logo
  • Client Logo
✖
Request a Sample Report
We'll get back to you as quickly as possible

Single User
$6,000
$3,999
USD / per unit
save 24%
Multi User
$8,000
$5,999
USD / per unit
save 28%
Corporate User
$10,000
$6,999
USD / per unit
save 32%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization No up to 10 hrs work up to 30 hrs work
Accessibility 1 User 2-5 User Unlimited
Analyst Support up to 20 hrs up to 40 hrs up to 50 hrs
Benefit Up to 20% off on next purchase Up to 25% off on next purchase Up to 30% off on next purchase
Buy Now ($ 3,999) Buy Now ($ 5,999) Buy Now ($ 6,999)
  • location_on420 Lexington Avenue, Suite 300 New York City, NY 10170,
    United States
  • phone+1 718 874 1545 (International)
  • phone+91 78878 22626 (Asia)
  • email[email protected]
  • Facebook Logo
  • Twitter Logo
  • LinkedIn Logo
Find Help
  • Contact Us
  • How to Order
Legal
  • Privacy Policy
  • Refund Policy
  • Frequently Asked Questions
  • Terms and Conditions
Explore
  • About Us
  • All Reports
  • All Sectors
  • Infographics
  • Statistics and Facts
  • Companies
Secured Payment Options
Secured Payment Options

© 2025 Market.Us. All Rights Reserved.