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

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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