The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Overview

• Current Market Size: The pet mobility aids market has surged from $1.88 billion in 2023 to $2.04 billion in 2024, with a CAGR of 8.6%.
• Future Projections: Anticipated to reach $2.87 billion by 2028, growing at a CAGR of 8.9%.

Driving Forces Behind Market Growth

The expansion in the pet mobility aids market can be attributed to several key factors:

• Advancements in Veterinary Medicine: Improvements in treatments and therapies for pets.
• Aging Pet Population: Increased need for mobility support among older pets.
• Rising Pet Ownership: Growing number of pets leading to higher demand for pet care products.
• Increased Awareness: Greater focus on pet health and well-being.
• Expansion of Pet Insurance Coverage: More comprehensive support for pet healthcare expenses.

Trends Shaping the Future

In the forecast period, significant trends are influencing market dynamics:

• Integration of Smart Technology: Incorporation of IoT and smart devices in pet mobility aids.
• Demand for Sustainable Solutions: Rise in eco-friendly and sustainable mobility products.
• Customization for Different Breeds: Tailored solutions for diverse pet sizes and breeds.
• Expansion of Rental Services: Increasing availability of rental options for pet mobility aids.
• Emergence of 3D Printing: Adoption of 3D printing for customized pet devices.

View More On The Pet Mobility Aids Market Report 2024 – https://www.thebusinessresearchcompany.com/report/pet-mobility-aids-global-market-report

Impact of Rising Pet Population

The growing number of pets globally is a major catalyst for market growth:

• Increased Adoption Rates: Surge in pet adoptions, particularly in North America.
• Enhanced Emotional Support: Pets contribute positively to emotional well-being.
• Media Influence: Popularization of pet ownership through media and social channels.

Innovations Driving Market Leaders

Companies like Walkin’ Pets and Paw Prosper are spearheading innovation in pet mobility aids:

• Custom Stifle Braces: Walkin’ Pets introduces specialized braces for knee injuries, enhancing mobility and comfort.
• Strategic Acquisitions: Paw Prosper’s acquisition of K9 Carts expands its product portfolio, strengthening market presence.

Market Segmentation

The pet mobility aids market is segmented by product, pet type, distribution channel, and end-user:

• Products: Wheelchairs, splints, slings, ramps, prosthetics, and other specialized aids.
• Pet Types: Mainly catering to dogs and cats, with solutions emerging for other pet species.
• Distribution Channels: Retail stores, e-commerce platforms, and veterinary clinics.
• End Users: Individual pet owners, veterinary clinics, and pet care facilities.

Regional Insights

• North America Dominance: Leading region in 2023, fueled by high pet ownership rates and advanced veterinary care facilities.

Conclusion

The pet mobility aids market is poised for substantial growth, driven by technological advancements, demographic shifts in pet ownership, and increasing awareness of pet health needs. As innovations continue to unfold and market players expand their offerings, the future looks promising for enhancing the mobility and quality of life for pets worldwide.

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