Press release
2025 Pet Diabetes Care Market Outlook: Key Indicators Shaping Growth Through 2034
Pet Diabetes Care
What Will the Pet Diabetes Care Industry Market Size Be by 2025?
Recent years have seen a significant expansion in the pet diabetes care market. The market size is forecasted to see an increase from $2.21 billion in 2024 to $2.41 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth during the historic period include the rising awareness of pet health, advancements made in veterinary medicine, prevalence of diabetes in pets, human-like treatment of pets, more emphasis on pet nutrition, promotional campaigns run by veterinary groups, and ready availability of insulin and medications.
What's the Long-Term Growth Forecast for the Pet Diabetes Care Market Size Through 2029?
The market for pet diabetes care is anticipated to show robust expansion in the coming years, with projections estimating it will reach $3.49 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.7%. This anticipated growth over the forecast period can be linked to factors such as an uptick in pet insurance enrollment, personalized plans for managing diabetes, emphasis on preventive pet healthcare, global synchrony of pet health practices, raising funds for pet healthcare studies, and a rise in consumer income. The forecast period also predicts new developments in veterinary diagnostics, emphasis on tackling pet obesity, enhancements in insulin delivery methods, an increase in pet health insurance plans, a higher prevalence of specialized pet foods, the use of telemedicine and monitoring from a distance, and partnerships in the field of veterinary medicine.
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What Are the Key Growth Drivers Fueling the Pet Diabetes Care Market Expansion?
The pet diabetes care market's expansion is forecasted to be driven by a rise in pet adoption. Adopting a pet typically involves rescuing an animal from a shelter or rescue center that was previously abandoned by its owners, instead of purchasing from a pet store, breeder, or private party. The prevalence of diabetes in pets is on the rise each year, partly influenced by their increasingly inactive routines and processed food reliance reflecting our lifestyles. For instance, Animal Medicines Australia, a non-government organization in Australia, announced in 2022 a substantial growth in pet ownership. The quantity of pet owners accelerated to 28,730.8 in 2022, a surge by 39% from 2021, denoting a 24% hike and indicating a robust enhancement trend in pet adoption and care investment. The boom in pet ownership underscores the growing fondness for pets in Australian homes. Hence, the growth of the pet diabetes care market is fuelled by the escalating trend in pet adoption.
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What Are the Key Trends Driving Pet Diabetes Care Market Growth?
The escalating efforts in research and development and the introduction of innovative products are gaining traction as significant patterns in the pet diabetes market. A wealth of studies are focusing on animal diabetes to gain a deeper understanding of the ailment and enhance its management. Simultaneously, corporations are introducing novel items to maintain their market standings - these include generic drugs. In a noteworthy development from December 2022, Elanco Animal Health Inc.'s medication for a specific type of feline diabetes received approval from the U.S. Food and Drug Administration (FDA), a preeminent scientific regulatory body, marking it as the first-ever oral medicine certified for animal diabetes.
How Is the Pet Diabetes Care Market Segmented?
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 Companies Are Leading the Charge in Pet Diabetes Care Market Innovation?
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.
Which Regions Are Leading the Global Pet Diabetes Care Market in Revenue?
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.
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