Global Pet Smart Collar Industry Analysis 2024: Rising Demand for GPS & Activity Trackers Fuels Market Expansion

Pet Smart Collar - Market Size

The global market for Pet Smart Collar was estimated to be worth US$ 800 million in 2023 and is forecast to a readjusted size of US$ 2147.8 million by 2030 with a CAGR of 15.6% during the forecast period 2024-2030.

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A Pet Smart Collar is a smart pet collar, usually using technology such as Wi-Fi or Bluetooth, that tracks a pet's location and activity and provides data and analytics through a smartphone app. Smart collars can provide pet owners with real-time location updates, security alerts, health data tracking and other useful features to improve the safety and health of their pets. Some Pet Smart Collars also have additional features such as remote training, voice control, and social media sharing, among others. Smart collars can be adapted for dogs, cats and other pets.

Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 527%.

By Type
• Cat
• Dog

By Application
• Identification and Tracking
• Monitoring and Control
• Medical Diagnosis and Treatment

Key Companies
Whistle Labs, FitBark, Link AKC, Tractive, Garmin, PitPat, Paby, Nuzzle, Tagg, Loc8tor, Kyon, Scollar, PetPace, Tabcat, Animo, WÜF, WonderWoof

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This release was published on openPR.