Press Release   -

Veterinary Blood Lactate Test Meter Equipment Market to Reach USD 240.2 Million by 2035

According to analysts at Vantage Market Research, the Global Veterinary Blood Lactate Test Meter Equipment Market size is worth USD 136.8 Million in 2024 and is projected to reach USD 240.2 Million by 2035, growing at a CAGR (Compound Annual Growth Rate) of 5.25% from 2024 to 2035. Key trends of market include increasing demand for rapid diagnostic tools, advanced technology integration, portable devices, and growing awareness of animal health management.

Market Overview

The global Veterinary Blood Lactate Test Meter Equipment market is fueled by the rising adoption of pets, increased spending on veterinary healthcare, and the growing prevalence of various animal diseases. Additionally, continuous advancements in veterinary diagnostic technologies, coupled with heightened awareness of animal health among pet owners, are driving the demand for precise and rapid lactate testing devices for pets. The user-friendly features of these test meters, such as portability, ease of use, and quick results, are boosting their acceptance among veterinarians. This trend is expected to persist, with developed regions showing strong potential and developing markets also playing a significant role in the global market expansion in the coming years.

The incidence of diseases and disorders in both companion animals and livestock has been increasing in recent years. As pets live longer due to advancements in veterinary care, owners are also investing more in advanced diagnostics and treatments for their animals. This has led to a higher prevalence of age-related conditions and chronic diseases. Experts note that conditions such as diabetes, various cancers, and kidney failure are becoming more common in dogs and cats compared to previous decades. Early and accurate diagnosis is crucial for managing these diseases effectively. 

Key Takeaways from the Report

• North America dominated the market industry with 39.5% market share in 2024. The region is a hub for innovation in diagnostic equipment, supported by significant investments in research and development
• Based on the Product Type, the Handheld Lactate Test Meters category accounted for significant market share of 38.5% of market industry in 2024. Veterinarians can conduct on-site blood lactate testing using these devices' unmatched mobility, eliminating the need to send samples to a lab
• In 2024, by Sample Type, Whole Blood dominated the market with significant market share of 41.8%. The segment is driven by the ease of sample collection and testing
• Based on Animal Type, Companion Animals dominated the market with market share of 47.6% in 2024. The segment is driven by increasing pet healthcare spending and growing awareness of animal health concerns

Top Companies

• VetTest
• Zoetis
• VetLab
• Quicklab Services
• EKF Diagnostics
• Nova Biomedical
• Heska Corporation
• Scil Animal Care Company
• Medtronic
• Abaxis
• IDEXX Laboratories
• Randox Laboratories
• BioCare Copenhagen
• Boehringer Ingelheim
• Thermo Fisher Scientific

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

EKF Diagnostics Unveils Lactate Scout Vet: Advanced Handheld Analyzer for Veterinary Applications

• In 2022, EKF Diagnostics introduced the Lactate Scout Vet, a handheld lactate analyzer tailored specifically for veterinary applications. Leveraging technology initially created for elite sports, the device enables species-specific lactate testing for animals such as dogs, horses, pigs, and cattle

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.