Exploring Key Insights of the Pet Diabetes Care Devices Market: Growth Prospects, Emerging Trends, and Opportunities
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How Rapidly is the Pet Diabetes Care Devices Market Expected to Expand Between 2025 and 2034 Based on Current Trends?
In the past few years, there has been a notable increase in the dimensions of the pet diabetes care devices market. Predictions highlight a leap from $2.56 billion in 2024 to $2.74 billion in 2025, mirroring a compound annual growth rate (CAGR) of 7.0%. Various factors contributing to this rise during the previous period include the launch of glucose monitoring gadgets, a surge in instances of pet diabetes, enhancements in treatment results, escalation in pet health care spending, and the role played by education and veterinary assistance.
The market for pet diabetes care devices is projected to witness robust expansion in the forthcoming years, eventually growing to $3.91 billion by 2029 with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this growth during the forecasted period include increasing awareness of pet health, adoption of interconnected devices, personalized therapies, the growth of telehealth, and investments in R&D. The main trends during this period include collaborations and partnerships, advancements in insulin delivery, educational outreach, telemedicine, and remote veterinary services, as well as individualized and targeted treatment.
What Key Drivers Are Accelerating the Growth of the pet diabetes care devices Market During the Forecast Period?
The escalation in spending on pet healthcare is anticipated to fuel the expansion of the market for pet diabetes care devices. Pet health spending relates to the funds owners invest in addressing health concerns of their pets. This spending encompasses veterinary services, required equipment, and relevant pet healthcare gadgets. For example, statistics provided by the American Veterinary Medical Association – a non-profit entity based in the US – in October 2022 reveals that from 2020 to 2022, there’s been a universal uptick in consumer expenditure on dogs and cats. The annual veterinary care costs for households owning just one dog swelled to $362 in 2022, a rise from $224 in the previous two years. Consequently, this increased investment in pet health is fueling the development of the pet diabetes care device market.
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Which Key Players Are Shaping the Future of the Pet Diabetes Care Devices Market?
Major companies operating in the pet diabetes care devices market include:
• Allison Medical Inc._x000D_
• Zoetis Inc._x000D_
• Becton Dickinson and Company_x000D_
• Boehringer Ingelheim Vetmedica Inc._x000D_
• Henry Schein Animal Health_x000D_
How Are the Latest Trends Influencing the Growth of the Pet Diabetes Care Devices Market?
The rise in technology is a prominent trend within the pet diabetes care device market. Prominent businesses within this market are creating new technologies to secure their market standing. For instance, Zoetis Inc., an American veterinary pharmaceutical company, introduced the AlphaTrak 3 blood glucose monitoring system for felines and canines in the United States in February 2023. This system includes a novel mobile app that assists pet owners and veterinary medical professionals in recording, storing, and sharing information. The system facilitates easy data interchange and communication through the app, speeding up the sharing of a pet’s glucose levels and other crucial data with the veterinary clinic in real time. This also increases confidence in managing diabetic pets among veterinarians and pet owners. AlphaTrak 3 delivers precise readings in just five seconds, faster than the previous AlphaTrak 2 system. It requires only 0.3 microliters of blood and provides a blood glucose range from 20 to 750 milligrams per deciliter. The new AlphaTrak 3 mobile app gathers more comprehensive data from pet owners than its predecessors, covering aspects such as the pet’s food intake, drinking, activity levels, and insulin injection times.
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Which Key Segments of the Pet Diabetes Care Devices Market Are Poised for Growth and Innovation?
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
What Regions Are At the Forefront of Pet Diabetes Care Devices Market Expansion?
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
What Are the Core Features That Define the Pet Diabetes Care Devices Market?
Pet diabetes care devices are medical devices to treat pet diabetes through routine check-ups, blood and urine testing, and observation of the animal’s weight, appetite, drinking, and urination. These devices control diabetic pets by keeping their blood sugar levels close to normal and preventing dangerously high or low levels.
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