The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

According to The Business Research Company’s report for 2023, the worldwide pet diabetes care market is projected to increase from $1.86 billion in 2022 to $2.03 billion in 2023, with a 9.07% CAGR. By 2027, the market size is anticipated to reach $2.78 billion, experiencing an 8.25% CAGR.

What was the major driver in the pet diabetes care market?
The pet diabetes care market is set to grow due to an upsurge in pet adoption. Pet adoption involves acquiring animals from shelters or rescues, as opposed to buying from pet stores or breeders. Pets are increasingly diagnosed with diabetes, partially due to their sedentary lifestyles and processed food consumption. For instance, a survey by the American Pet Products Association (APPA) in June 2021 found that 70% of American households have pets, up from 67% in the 2019-2020 survey, with 14% adopting new pets. Hence, Increased Pet Adoption drives the pet diabetes care market’s growth.

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What was the key trend in the pet diabetes care market?
Rising research and development, along with product launches, are prominent trends in the pet diabetes market. Extensive studies are underway to improve diabetes management in animals. Companies are also introducing new products like generic drugs to maintain market competitiveness. In December 2022, the U.S. Food and Drug Administration (FDA) approved Elanco Animal Health Inc.’s medication for a particular feline diabetes type, marking the first authorized oral treatment for this condition in animals.

Which was the largest region in the pet diabetes care market?
North America was the largest region in the pet diabetes care market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet diabetes care market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Who are the pet diabetes care market prominent players?
Major players in the pet diabetes care market are Boehringer Ingelheim International GmbH, Becton Dickinson and Company, Merck & Co., Inc., Zoetis Inc., Trividia Health Inc., UltiMed Inc., TaiDoc Technology Corporation, Allison Medical, Henry Schein Inc., Apotex Inc., FitBark Inc., and MED TRUST.

Key pet diabetes care market segments
The global pet diabetes care market 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

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The Pet Diabetes Care Global Market Report 2023  provides a comprehensive overview on the pet diabetes care market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Pet Diabetes Care Devices Global Market Report 2023
Care Management Solutions Global Market Report 2023
Veterinary Medical Equipment Global Market Report 2023

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