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How has the pet diabetes care market grown in recent years?

In recent times, the pet diabetes care market has witnessed a significant expansion. It is forecasted to rise from $2.21 billion in 2024 to $2.41 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. The surge during the past period can be traced back to several factors, including increased awareness about pet health, advancements in veterinary medicine, rising incidences of diabetes in pets, the humanization of pets, enhanced emphasis on pet nutrition, publicity initiatives by veterinary bodies, and accessibility of insulin and medical treatments.

How is the pet diabetes care market size expected to evolve during the forecast period?

Anticipations predict a significant escalation in the pet diabetes care market size in the coming years, expanding to $3.49 billion in 2029 with an impressive compound annual growth rate (CAGR) of 9.7%. The projected upswing during the forecast period can be accredited to factors such as the soaring adoption of pet insurance, bespoke diabetes management plans, emphasis on preventive pet healthcare, internationalization of pet health trends, along with an uptick in investment for pet healthcare research, and growing consumer affluence. Noteworthy trends predicted in the forecast period encompass progress in veterinary diagnostics, focus on combating pet obesity, innovation in insulin delivery systems, expanded pet insurance coverage, proliferation of specialized pet foods, adoption of telemedicine and remote monitoring, as well as partnerships in the field of veterinary medicine.

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Which key drivers are propelling the pet diabetes care market’s growth?

The upward trajectory of the pet diabetes care market is projected to be fueled by a rise in pet adoptions. Pet adoption involves acquiring a pet from rescue centres or shelters, which were previously owned and then abandoned, rather than purchasing them from pet shops, breeders, or private individuals. The growth in the diagnosis of diabetes in pets each year is primarily due to the fact that they lead lives similar to ours, becoming more sedentary and dependent on processed food. For instance, Animal Medicines Australia, a non-governmental organization located in Australia, disclosed notable growth in pet ownership in 2022, with a rise to 28,730.8 pet owners, a jump from 39% in 2021. This indicates a 24% hike, underscoring a marked increase in not just pet adoption but also expenditure in their care. The rise in pet ownership accentuates the growing role pets play in Australian homes. As a result, the burgeoning pet adoption trend is influencing the expansion of the pet diabetes care market.

What are the market segments in the pet diabetes care industry?

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 leading companies are shaping the growth of the pet diabetes care market?

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.

What key trends are currently impacting the pet diabetes care market’s development?

Rising research and innovation initiatives along with the introduction of new solutions are becoming increasingly prominent trends in the pet diabetes industry. A host of studies are underway to deepen the understanding of diabetes in animals with the aim to make its management less challenging. In addition, businesses are unveiling novel offerings, including generic medications, with the aim to maintain their market standing. For instance, in December 2022, the U.S. Food and Drug Administration (FDA), a scientific oversight entity, green-lit a medication produced by Elanco Animal Health Inc., intended for cats afflicted by a particular form of diabetes, marking it as the inaugural orally administered medication approved for such ailment in animals.

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Which geographic areas are influencing the growth of the pet diabetes care market?

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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