Rising Pet Health Expenditure Fuels Growth In The Pet Diabetes Care Device Market: Core Growth Enabler in the Pet Diabetes Care Devices Market, 2025

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What Will the Pet Diabetes Care Devices Industry Market Size Be by 2025?
The market size for pet diabetes care devices has experienced substantial growth in the past few years. The market, which was valued at $2.56 billion in 2024, is forecasted to expand to $2.74 billion in 2025, with a 7.0% compound annual growth rate (CAGR). The historic period's growth is a result of the launch of glucose monitoring devices, a surge in pet diabetes instances, better treatment results, an escalation in pet healthcare spending, as well as educational and veterinary backing.

What's the Long-Term Growth Forecast for the Pet Diabetes Care Devices Market Size Through 2029?
Expectations are high for a robust expansion in the pet diabetes care devices market in the coming years, with its value projected to hit $3.91 billion by 2029, marking a compound annual growth rate (CAGR) of 9.3%. Numerous factors contribute to this anticipated growth throughout the prediction period, including heightened awareness of pet health, wider use of connected devices, tailor-made treatment solutions, the proliferation of telehealth, and substantial investments in research and development. The forecast period also signals key trends such as collaborations and partnerships, progressive developments in insulin delivery, a concerted effort towards education and awareness, advancements in telemedicine and remote veterinary treatment, as well as personalized and precise treatments.

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What Are the Key Growth Drivers Fueling the Pet Diabetes Care Devices Market Expansion?
The rise in spending on pet health is anticipated to fuel the expansion of the pet diabetes care device market. This refers to the sum of money pet owners invest on treating health issues of their pets, encompassing veterinary care, necessary equipment and healthcare devices for animals. For example, in October 2022, the American Veterinary Medical Association, a non-profit organization based in the United States, revealed that consumer expenditure on dogs and cats saw a broad increase between 2020 and 2022. There was a substantial growth in the yearly vet visit costs for one-dog households, rising to $362 in 2022 from $224 over the prior two years. Hence, the escalating expenditure on pet health is stimulating the expansion of the pet diabetes care device market.

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What Are the Key Trends Driving Pet Diabetes Care Devices Market Growth?
Technological advancements are playing a crucial role in the growth and evolution of the pet diabetes care device market. Notably, leading enterprises in this sector are constantly introducing new technologies to reinforce their market presence. In this regard, Zoetis Inc., a veterinary pharmaceutical company from the US, launched an innovative product, the AlphaTrak 3 blood glucose monitoring system, in the United States in February 2023. The AlphaTrak 3, specifically designed for cats and dogs, comes with a novel mobile application that enables pet owners and veterinary professionals to collect, store, and distribute data. The system, via the mobile app, allows easy data sharing and communication, thereby facilitating prompt updates about a pet's sugar levels and other critical information for the veterinary practice. This instantaneous data sharing offers pet owners and veterinarians an elevated level of confidence in managing diabetic pet care. With the AlphaTrak 3 blood glucose monitoring device, accurate results can be obtained in just five seconds, faster than its predecessor AlphaTrak 2. Requiring just 0.3 microliters of blood, AlphaTrak 3 functions in a blood sugar range of 20 to 750 milligrams per deciliter. Additionally, the new AlphaTrak 3 mobile app gathers more comprehensive information from pet owners than previous systems, such as the timing of the pet's meals, drinking, activity, and insulin dosage.

How Is the Pet Diabetes Care Devices Market Segmented?
The pet diabetes care devices market covered in this report is segmented -

1) By Animal Type: Dogs, Cats, Horses
2) By Device: Glucose Monitoring Devices, Insulin Delivery Devices
3) By End Users: Homecare, Veterinary Hospitals, Others End Users

Subsegments:
1) By Dogs: Insulin Delivery Devices, Glucose Monitoring Devices, Blood Glucose Test Strips, Continuous Glucose Monitors
2) By Cats: Insulin Delivery Devices, Glucose Monitoring Devices, Blood Glucose Test Strips, Continuous Glucose Monitors
3) By Horses: Insulin Delivery Devices, Glucose Monitoring Devices, Blood Glucose Test Strips, Continuous Glucose Monitors

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Which Companies Are Leading the Charge in Pet Diabetes Care Devices Market Innovation?
Major companies operating in the pet diabetes care devices market include Allison Medical Inc., Zoetis Inc., Becton Dickinson and Company, Boehringer Ingelheim Vetmedica Inc., Henry Schein Animal Health, Apotex Inc., Merck Co. Inc., Trividia Health Inc., UltiMed Inc., ACON Laboratories Inc., i-SENS Inc., TaiDoc Technology Corporation, Abbott Laboratories, Novo Nordisk AS, Covetrus AG, Eli Lilly and Company, Bayer AG, Terumo Corporation, AccuBioTech Co. Ltd., ALR Technologies Inc.

Which Regions Are Leading the Global Pet Diabetes Care Devices Market in Revenue?
North America was the largest region in the pet diabetes care devices market in 2024. The regions covered in the pet diabetes care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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