Press release
Global Pet Diabetes Care Devices Market: A Surge in Market Size and Key Trends Driving Growth
Pet Diabetes Care Devices Market Size
The pet diabetes care devices market shows a steady increase, boosted by an increase in pet healthcare expenditure, the introduction of glucose monitoring devices, and advancements in treatment outcomes._x000D_
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What Is The Projected Market Size Of The Global Pet Diabetes Care Devices Market And Its Growth Rate?_x000D_
The global pet diabetes care devices market has shown impressive growth in recent years and is projected to continue this trend._x000D_
• The market size grows from $2.56 billion in 2024 to $2.74 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%._x000D_
• Factors contributing to this growth include the introduction of glucose monitoring devices, increase in pet diabetes cases, improvement in treatment outcomes, rise in pet healthcare expenditure, education, and veterinary support._x000D_
• The pet diabetes care devices market is expected to grow to $3.91 billion in 2029 with a CAGR of 9.3%._x000D_
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What Is Driving The Growth In The Pet Diabetes Care Devices Market?_x000D_
The growth in the pet diabetes care devices market is largely driven by the increase in pet health expenditure. The amount of money spent by owners on their pets' health issues, including veterinary care, equipment, and pet healthcare devices, has increased significantly in recent years. For instance, data released by the American Veterinary Medical Association in 2022 indicated that consumer spending on dogs and cats has increased across the board between 2020 and 2022. This increase in pet health expenditure is a significant driver of the growth in the pet diabetes care device market._x000D_
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Who Are the Key Players Driving Pet Diabetes Care Devices Market Growth?_x000D_
Significant players in the pet diabetes care devices market include:_x000D_
• Allison Medical Inc._x000D_
• Zoetis Inc._x000D_
• Becton Dickinson and Company_x000D_
• Boehringer Ingelheim Vetmedica Inc._x000D_
• Henry Schein Animal Health_x000D_
• Apotex Inc._x000D_
• Merck Co. Inc._x000D_
• Trividia Health Inc._x000D_
• UltiMed Inc._x000D_
• ACON Laboratories Inc._x000D_
• i-SENS Inc._x000D_
• TaiDoc Technology Corporation_x000D_
• Abbott Laboratories_x000D_
• Novo Nordisk AS_x000D_
• Covetrus AG_x000D_
• Eli Lilly and Company_x000D_
• Bayer AG_x000D_
• Terumo Corporation_x000D_
• AccuBioTech Co. Ltd._x000D_
• ALR Technologies Inc._x000D_
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What Are The Key Trends In The Pet Diabetes Care Devices Market?_x000D_
Key trends in the pet diabetes care devices market include:_x000D_
• Collaboration and partnerships_x000D_
• Innovations in insulin delivery_x000D_
• Education and awareness_x000D_
• Telemedicine and remote veterinary care_x000D_
• Personalized and targeted treatment_x000D_
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What Are The Segments Of The Global Pet Diabetes Care Devices Market?_x000D_
The pet diabetes care devices market can be segmented as follows:_x000D_
• By Animal Type: Dogs, Cats, Horses_x000D_
• By Device: Glucose Monitoring Devices, Insulin Delivery Devices_x000D_
• By End Users: Homecare, Veterinary Hospitals, Other End Users_x000D_
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Which Region Leads The Pet Diabetes Care Devices Market?_x000D_
In 2024, North America was the largest region in the pet diabetes care devices market. While the regions covered in the pet diabetes care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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What Is Covered In The Pet Diabetes Care Devices Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Pet Diabetes Care Devices Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Pet Diabetes Care Devices Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Pet Diabetes Care Devices Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Pet Diabetes Care Devices Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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