2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Pet Diabetes Care Market?

The pet diabetes care market is anticipated to experience growth due to an expected rise in pet adoption. Pet adoption usually involves acquiring a pet from a shelter or rescue group that has been abandoned by its previous owners, rather than purchasing one from a pet store, breeder, or private individuals. Pets are being diagnosed with diabetes more frequently each year, partly as their lifestyles begin to resemble ours, characterized by reduced activity levels and greater dependence on processed foods. For instance, Animal Medicines Australia, an Australian non-governmental organization, documented a notable rise in pet ownership in 2022. They reported the number of pet owners stood at 28,730.8 in 2022, a jump from 39% in the previous year, representing a 24% increase. This reveals a robust uptick in pet adoption and commitment to their care. The leap in pet ownership underscores the growing preference for pets in Australian homes. Consequently, the rise in pet adoption rates is fuelling the expansion of the pet diabetes care market.

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How Will the Growth Rate of thePet Diabetes Care Market Impact Industry Trends by 2034?

The size of the pet diabetes care market has seen substantial growth lately and is projected to rise from $2.21 billion in 2024, reaching $2.41 billion in 2025 with a compound annual growth rate (CAGR) of 8.9%. Key factors contributing to this development in the historic period include enhanced consciousness about pet health, advancements in the field of veterinary medicine, increased instances of diabetes in pets, treating pets with human-like care, heightened emphasis on pet nutrition, educational campaigns by veterinary institutions, and increased accessibility of insulin and medications.

Strong expansion is anticipated in the pet diabetes care market in the upcoming years, with its worth predicted to reach $3.49 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.7%. The projected growth in this period can be credited to increased pet insurance enrollment, tailored diabetes treatment plans, emphasis on preventive pet healthcare, the globalization of pet health patterns, escalated investments in pet healthcare studies, and climbing consumer wealth. The forecast period will be marked by significant developments in veterinary diagnostics, a heightened focus on pet obesity management, innovation in insulin delivery mechanisms, an expansion in pet insurance provisions, heightened access to specialized pet food, the advent of telemedicine and remote monitoring, and cooperative efforts in veterinary medicine.

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What New Market Trends Are Reshaping thePet Diabetes Care Market and Its Opportunities?

Enhanced R&D activities and the introduction of innovative products are becoming popular trends in the pet diabetes market. Extensive research is underway to gain a better understanding of diabetes in pets and simplify its management. Further, to maintain their market position, companies are introducing new offerings, like generic drugs. The U.S. Food and Drug Administration (FDA), a scientific regulatory body, approved a medication for a particular type of diabetes in cats, in December 2022. This drug, produced by Elanco Animal Health Inc., is the first orally administered medication approved for animals with this condition.

Who Are the Leading Market Players Fueling Growth in the Pet Diabetes Care Market Trend?

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.

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How is the Global Pet Diabetes Care Market Segemented?

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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