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Pet Mobility Aids Market: Insights into Emerging Growth Opportunities
Pet Mobility Aids Global Market Report 2024
According to The Business Research Company's, The pet mobility aids market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to growing pet ownership trends, advancements in veterinary medicine, aging pet population, increased awareness of pet health and wellness, expansion of pet insurance coverage.
The pet mobility aids market size is expected to see strong growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to technological innovations in pet mobility aids, rising demand for customized and ergonomic pet products, expansion of online distribution channels, growing focus on rehabilitation and physical therapy for pets, increasing adoption of pets with mobility issues. Major trends in the forecast period include integration of smart technology in pet mobility aids, surge in demand for eco-friendly and sustainable pet mobility solutions, personalized mobility aid options for different pet breeds and sizes, expansion of rental and leasing services for pet mobility aids, emergence of 3d printing for customized pet mobility devices.
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Market Drivers and Trends:
The increasing pet population is expected to propel the pet mobility aid market going forward. Pet population refers to the number of domesticated animals humans keep as companions, typically within a specific geographic region or country. The increasing pet population is due to social and emotional benefits, increased awareness, marketing, and media influence. Pet mobility aids are used to help pets with various disabilities maintain their mobility, independence, and overall well-being, allowing them to lead fulfilling and active lives despite mobility challenges. For instance, in January 2023, according to the Petfood Industry, a US-based resource for professionals in the pet food and treat manufacturing industry, the number of dog adoptions in the U.S. increased from 393,712 in 2021 to 398,477 in 2022. Further, U.S. residents adopted 539,015 cats in 2022, an increase of 2% from 2021. Therefore, the increasing pet population is driving the growth of the pet mobility aid market.
Major companies operating in the pet mobility aid market are developing innovative custom stifle braces to improve mobility and comfort for pets with knee injuries or conditions. Customs stifle braces are specialized orthopedic devices designed to provide support and stability to the stifle joint in animals, particularly dogs. For instance, in October 2022, Walkin Pets, a US-based company specializing in mobility aids and solutions for disabled and injured pets, launched custom stifle braces. It supports pets with stifle and cruciate injuries, helping them regain mobility and alleviate pain. It offers a non-surgical solution for pets with stifle and cruciate injuries, allowing them to recover and regain mobility without invasive procedures. Additionally, it has features such as being custom-molded, promoting healing, stabilizing, and providing targeted support.
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Major Key Players of the Market:
Chewy Inc., Petco Health and Wellness Company Inc., PetSafe Inc, Petmate Inc, Julius-K9, Outward Hound Inc, Doggon' Wheels LLC, Pawsability Inc, Zoomadog Ltd, My Pet's Brace, K-9 Carts, Ruff Rollin Inc, Dutch Dog Design LLC, Walkabout Harnesses LLC., Best Friend Mobility, Mintbowl Inc., OrthoPets LLC, DogLeggs LLC, Eddie's Wheels, OrthoVet LLC, Specialized Pet Solutions, Bionic Pets, ORTHO PETS AFRICA, Walkin' Pets, FlexiPaws LLC
Pet Mobility Aids Market 2024 Key Insights:
• The pet mobility aids market size is expected to see strong growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Rising Pet Population Boosts Pet Mobility Aid Market Growth
• Walkin' Pets Introduces Custom Stifle Braces for Enhanced Pet Mobility and Comfort
• North America was the largest region in the pet mobility aids market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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