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Pet Diabetes Care Devices Market Report 2023-2032: Insights, Growth, Size, Trends And Industry Report | Allison Medical Inc., Zoetis Inc., Becton, Dickinson and Company, Boehringer Ingelheim Vetmedica Inc
Pet Diabetes Care Devices Market
The Business Research Company's Pet Diabetes Care Devices Global Market Report 2023 identifies Increasing pet health expenditure as the major driver for the Pet Diabetes Care Devices market's growth in the forecast period. Pet health expenditure refers to the amount of money spent by owners on their pets' health issues. The expenditure for pet healthcare includes the veterinary care, equipment, and pet healthcare devices required.
The global pet diabetes care devices market size is expected to grow from $2.25 billion in 2022 to $2.42 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. 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 global pet diabetes care devices market size is expected to reach $3.2 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the Pet Diabetes Care Devices market are Allison Medical Inc., Zoetis Inc., Becton, Dickinson and Company, Boehringer Ingelheim Vetmedica Inc.
A key trend in the Pet Diabetes Care Devices market includes technological advancement. Major companies operating in the pet diabetes care device market are developing innovative technologies to strengthen their position in the market. For instance, in October 2020, Trividia Health, a US-based manufacturer of pet diabetes care devices, launched Test Buddy. The Test Buddy's unique features include Bluetooth technology that uploads data to the Test Buddy App on IOS or Android platforms. It is designed to monitor a pet's glucose levels and share results and trending data with a veterinarian.
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The Pet Diabetes Care Devices market is segmented -
1. By Animal Type: Dogs, Cats, Horses
2. By Device: Glucose Monitoring Devices, Insulin Delivery Devices
3. By End Users: Homecare, Veterinary Hospitals, Others End Users
4. 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 Devices market.
The Business Research Company's "Global Pet Diabetes Care Devices 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 Devices Market Include:
1. Executive Summary
2. Pet Diabetes Care Devices Market Characteristics
3. Pet Diabetes Care Devices Market Trends And Strategies
4. Pet Diabetes Care Devices Market - Macro Economic Scenario
5. Pet Diabetes Care Devices Market Size And Growth
……
26. Africa Pet Diabetes Care Devices Market
27. Pet Diabetes Care Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pet Diabetes Care Devices Market
29. Pet Diabetes Care Devices Market Future Outlook and Potential Analysis
30. Appendix
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