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Pet Diabetes Care Market 2023 - By Size, Share, Growth And Industry Report 2032
Pet Diabetes Care Market
The Business Research Company's Pet Diabetes Care Global Market Report 2023 identifies increase in pet adoption as the major driver for the Pet Diabetes Care market's growth in the forecast period. Pet adoption is the process of obtaining a pet from a shelter or rescue that has been left behind by its prior owners, as opposed to buying a pet from a pet store, breeder, or other individuals. Diabetes is increasingly being diagnosed in pets every year, which is partly because their lifestyles mirror ours in that they are more sedentary and rely more heavily on processed foods.
The global pet diabetes care market size is expected to grow from $1.86 billion in 2022 to $2.03 billion in 2023 at a compound annual growth rate (CAGR) of 9.07%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pet diabetes care market size is expected to grow to $2.78 billion in 2027 at a CAGR of 8.25%.
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Major competitors in the Pet Diabetes Care market are Boehringer Ingelheim International GmbH, Becton Dickinson and Company, Merck & Co., Inc., Zoetis Inc., Trividia Health Inc., UltiMed Inc.
A key trend in the Pet Diabetes Care market includes Increased research and development activity and the launch of new products. Numerous studies are being conducted on diabetes in animals to understand the condition better and make management more effortless. Moreover, companies are launching new products, such as generic drugs, to sustain their position in the market.
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https://www.thebusinessresearchcompany.com/report/pet-diabetes-care-global-market-report
The Pet Diabetes Care market is segmented -
• By Drug Type: Insulin Therapy, Oral Medication
• By Device Type: Glucose Monitoring Devices, Insulin Delivery Devices
• By Animal Type: Canine, Feline, Other Animal Types
• By End-User: Veterinary Clinics, Home Care Settings, Veterinary Hospitals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pet Diabetes Care market.
The Business Research Company's "Global Pet Diabetes Care Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pet Diabetes Care Market Include :
1. Executive Summary
2. Pet Diabetes Care Market Characteristics
3. Pet Diabetes Care Market Trends And Strategies
4. Pet Diabetes Care Market - Macro Economic Scenario
5. Pet Diabetes Care Market Size And Growth
.........................
26. Africa Pet Diabetes Care Market
27. Pet Diabetes Care Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pet Diabetes Care Market
29. Pet Diabetes Care Market Future Outlook and Potential Analysis
30. Appendix
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