Pet Diabetes Care Market Size to Grow Exponentially during the Forecast Period

Global Pet Diabetes Care Market: Introduction

Diabetic dogs and cats can live long and healthy lives with proper management and veterinary care. Diabetes mellitus is one of the common and prominent metabolic diseases that have been diagnosed in canine and feline family. If any change is noticed in a pet’s behavior or weight, it is advised to consult a veterinarian. Dogs and cats with diabetes usually require lifelong treatment with special diet, a good fitness regimen, and particularly in dogs, daily insulin injections. The key to managing diabetic pets is to keep blood sugar near normal levels and avoid too-high or too-low levels that can be life threatening. Dogs and cats seem less prone to developing atherosclerosis compared to humans, while diabetes is a relatively common endocrine disease in both species.

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Key Drivers of Global Pet Diabetes Care Market

Rise in Prevalence of Diabetes in Pet Animals

Diabetes if left untreated in dogs can cause ketoacidosis, cataract, and kidney disease. Diabetic cats are susceptible to chronic pancreatitis, ketoacidosis, and nerve degeneration. Hence, early detection and treatment is quite important. According to Vetsource, an estimated 1 in every 300 dogs and 1 in 230 cats will develop diabetes during their lifetimes, and those statistics keep rising. The 2016 State of Pet Health Report indicated an upward trend in the prevalence of the disease, rising nearly 80% in dogs and 18% in cats over a 10-year period. Obesity is one of the leading causes of diabetes. However, some breeds are predisposed to the disease, including cocker spaniels, Labrador, golden retrievers, dachshunds, and beagles, as well as Siamese, Burmese, and Maine Coon cats. Diabetes is more common in older pets; however, it can also occur in younger or pregnant pets. The disease is more manageable if it is detected early and managed with the help of a veterinarian. According to the American Veterinary Medical Association, diabetes in dogs and cats can occur at any age. However, diabetic dogs are usually 4 years to 14 years of age and most are diagnosed at roughly 7 years to 10 years. Most diabetic cats are older than six years of age. Diabetes occurs in female dogs twice as often as male dogs. Certain breeds of dogs may be predisposed to diabetes.

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High Growth in Pet Adoption

According to Pethealth, Inc. (September 20, 2019), in North America, pet adoption rose 5.2% in August, up from a 3.2% rise in July, as both dog and cat rescues increased. The increased level of control and care dog owners provide to their dogs and the increasing perception of dogs as family members are indicators of the changing human-dog relationship in the U.S. According to the Multidisciplinary Digital Publishing Institute (MDPI), data collected by PetPoint in the past eight years indicate that adoptions increased in the last decade and could have become an additional driver affecting recent euthanasia declines across the U.S. Adoptions became a factor driving additional decrease in national shelter euthanasia starting around or just before 2010. According to the National Center for Biotechnology Information, the U.S. National Library of Medicine, the adoption numbers have stayed relatively stable over the last three decades; however, the percentage of intake adopted rose from 20% in 1984 to about 35% in 1991, stayed relatively stable at 35% from 1991 to 2005, and then started rising and had reached 52% by 2016. The factors mentioned above led to strong growth of the global pet adoption driving the market.

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North America to Account for Major Share of Global Pet Diabetes Care Market

North America is projected to account for major share of the global pet diabetes care market during the forecast period. The market in the region is anticipated to grow at a rapid pace in the next few years due to increase in research & development and various government initiatives for the development of animal health care. Europe is expected to be the second largest market during the forecast period.
The pet diabetes care market in Asia Pacific is likely to expand at a high CAGR during the forecast period. This can be attributed to rise in investment in research & development by private & government organizations and increase in animal health care management.

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Key Players Operating in Global Pet Diabetes Care Market

The global pet diabetes care market is highly consolidated owing to the presence of a small number of key players. Leading players operating in the global pet diabetes care market include:

Allison Medical
Apotex, Inc.
Becton, Dickinson and Company
Boehringer Ingelheim Vetmedica, Inc.
Henry Schein Animal Health?
MED TRUST
Merck & Co.? Inc.
UltiMed, Inc.
Zoetis, Inc.

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