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 for pet diabetes care devices has seen robust growth in recent years. The market size is predicted to expand from $2.56 billion in 2024 to $2.74 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to the growth during the historic period include the deployment of glucose monitoring devices, a surge in pet diabetes cases, better treatment outcomes, an increase in expenditure on pet healthcare, and enhanced education and support from veterinarians.

What's the Long-Term Growth Forecast for the Pet Diabetes Care Devices Market Size Through 2029?
In the coming years, the market size of pet diabetes care devices is predicted to experience robust growth, expanding to $3.89 billion in 2029 at a compound annual growth rate of 9.2%. Factors contributing to this growth during the forecast period include an increase in pet health awareness, the use of connected devices, individualized treatment options, the rise of telehealth, and investments in research and development. The period is also expected to see dominant trends like collaborations and partnerships, innovative insulin delivery systems, initiatives for education and awareness, the use of telemedicine, and remote veterinary care, as well as personalized and targeted treatment.

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What Are the Key Growth Drivers Fueling the Pet Diabetes Care Devices Market Expansion?
The rise in spending on pet healthcare is projected to fuel the expansion of the pet diabetes care device market. Pet healthcare spending indicates the funds expended by pet owners on their pets' health problems. This includes the expense for veterinary services, tools, and pet healthcare devices. For instance, data from the American Veterinary Medical Association, a US non-profit organization, revealed in October 2022 that consumer expenditure on dogs and cats has grown uniformly from 2020 to 2022. Annual veterinary visits cost for households with one dog have risen to $362 in 2022 from $224 in the previous two years. Therefore, the uptick in pet healthcare expenditure is spurring the development of the pet diabetes care device market.

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What Are the Key Trends Driving Pet Diabetes Care Devices Market Growth?
Technological progress is one of the primary driving trends in the market for pet diabetes care devices. Key industry players are devising innovative solutions to command their presence in the market. For example, Zoetis Inc., a veterinary pharmaceutical corporation based in the United States, released the AlphaTrak 3 blood glucose monitoring system for dogs and cats in the United States in February 2023. The AlphaTrak 3 system includes a new mobile application enabling pet owners and veterinary health experts to collect, store, and share data. The system's ability to share critical data such as an animal's glucose levels with veterinary practices in real-time through the mobile app enhances the overall confidence in the care of diabetic pets both for veterinarians and pet owners. The AlphaTrak 3 blood glucose monitoring system offers precise readings in just five seconds, which is faster than the previous AlphaTrak 2 system. The device uses merely 0.3 microliters of blood and provides a blood sugar range between 20 and 750 milligrams per deciliter. The fresh mobile app featured in AlphaTrak 3 gathers more comprehensive data from pet owners compared to earlier systems, including information about the pet's feeding, hydration, physical activity, and insulin administration schedules.

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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