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Surging Pet Adoption Rates Fuel Expansion In The Pet Diabetes Care Market Driver: A Major Catalyst in the Evolution of the Pet Diabetes Care Market in 2025
Pet Diabetes Care Global Market Report 2025
The pet diabetes care market is projected to grow due to an anticipated rise in pet adoption. Pet adoption involves acquiring a pet that has been abandoned by its former owners from a shelter or rescue, rather than purchasing one from a pet store, breeder, or other individuals. The increasing diagnosis of diabetes in pets each year is partly because their lifestyle habits are similar to ours, particularly their more sedentary lifestyle and higher dependence on processed foods. In 2022, Animal Medicines Australia, a non-governmental Australian organization, reported a marked increase in pet ownership. The number of pet owners soared to 28,730.8 in 2022, a rise of 24% from 39% in 2021, indicating a strengthening upward trend in pet adoption and spending on their care. This increase in pet ownership underscores the growing fondness for pets in Australian homes. Thus, the growth of the pet diabetes care market is being steered by an increase in pet adoption.
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What Is the projected market size and growth rate for the pet diabetes care market?
In recent times, the pet diabetes care market has seen robust growth. The market, which is projected to rise from $2.21 billion in 2024 to $2.41 billion in 2025, is expected to have a compound annual growth rate (CAGR) of 8.9%. The notable growth during the historical period is a result of rising consciousness about pet health, progression in veterinary medicine, surge in instances of diabetes among pets, treating pets more like humans, an enhanced emphasis on pet nutrition, promotion campaigns by veterinary groups, and the provision of insulin and medical treatment.
In the coming years, the pet diabetes care market is predicted to witness substantial growth, magnifying to $3.49 billion by 2029 with a combined annual growth rate (CAGR) of 9.7%. This expansion during the projected time frame can be attributed to factors such as increased pet insurance uptake, tailor-made diabetes care plans for pets, an emphasis on preventative health measures for pets, the global diffusion of pet health trends, a surge in investments towards pet healthcare studies, and an escalation in consumer wealth. The forecast period also indicates significant trends such as breakthroughs in veterinary diagnostic methods, an emphasis on managing pet obesity, innovations in insulin delivery systems, growth in pet insurance provision, increased accessibility of specialized pet food, the rise of telemedicine and remote patient monitoring, and collaborations within the veterinary medicine field.
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What new trends are reshaping the pet diabetes care market and its opportunities?
The pet diabetes market is seeing a surge in popularity due to rising research activities and introduction of innovative products. There is a surge in various investigations into animal diabetes aiming to improve comprehension and simplify management of the disease. Additionally, in order to maintain their market position, businesses are introducing new offerings like generic drugs. The U.S. Food and Drug Administration (FDA), a scientific regulatory body, in December 2022, gave its approval to a medication developed by Elanco Animal Health Inc. to treat a certain type of diabetes in cats. This marked it as the first-ever oral drug approved for diabetes in animals.
What major market segments define the scope and growth of the pet diabetes care market?
The pet diabetes care market covered in this report is segmented -
1) By Drug Type: Insulin Therapy, Oral Medication
2) By Device Type: Glucose Monitoring Devices, Insulin Delivery Devices
3) By Animal Type: Canine, Feline, Other Animal Types
4) By End-User: Veterinary Clinics, Home Care Settings, Veterinary Hospitals
Subsegments:
1) By Insulin Therapy: Canine Insulin Products, Feline Insulin Products, Insulin Delivery Devices
2) By Oral Medication: Glipizide, Metformin, Other Oral Hypoglycemic Agents
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Which region dominates the pet diabetes care market?
North America was the largest region in the pet diabetes care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet diabetes care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the pet diabetes care industry growth?
Major companies operating in the pet diabetes care market are C.H. Boehringer Sohn AG & Co. KG, Becton Dickinson and Company, Merck & Co Inc., Zoetis Inc., Trividia Health Inc., Allison Medical Inc., UltiMed Inc., Apotex Inc., Henry Schein VET GmbH, Medtrust Holdings Inc., i-SENS Inc., Taidoc Technology Corp., Covetrus Inc., ALR Technologies Inc., Vet Innovations Inc., F. Hoffmann-La Roche Ltd., Abbott Laboratories, AgaMatrix Inc., Ascensia Diabetes Care Holdings AG, Bayer AG, Dexcom Inc., LifeScan Inc., Medtronic PLC, Novo Nordisk A/S, Sanofi S.A., Senseonics Holdings Inc., Tandem Diabetes Care Inc., Terumo Corporation, Animas Corporation, Insulet Corporation, Roche Diabetes Care Inc.
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What Is Covered In The Pet Diabetes Care Global Market Report?
• Market Size Forecast: Examine the pet diabetes care market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pet diabetes care market for a structured understanding.
• Key Players Overview: Analyze major players in the pet diabetes care market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pet diabetes care market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pet diabetes care market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pet diabetes care market.
• Industry Challenges: Identify potential risks and obstacles affecting the pet diabetes care market.
• Competitive Landscape: Review strategic developments in the pet diabetes care market, including expansions, agreements, and new product launches.
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