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What is the Projected CAGR for the Pet Diabetes Care Devices Market Size from 2025 to 2034?

The market size for pet diabetes care devices has been showing robust growth in the recent past. The market is projected to expand from a value of $2.56 billion in 2024 to $2.74 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. This strong growth during the observed historical period can be traced back to factors such as the launch of glucose monitoring devices, a surge in cases of pet diabetes, enhanced success rates of treatment, an upswing in spending on pet healthcare, and the availability of both educational resources and veterinary assistance.

Expectations for the pet diabetes care devices market are positive, with robust growth predicted in the coming years. The market is forecasted to reach $3.89 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this anticipated growth include increased awareness of pet health, the use of connected devices, customized treatment options, the expansion of telehealth, and investments in research and development. Future market trends are expected to include collaborations and partnerships, advancements in insulin delivery technology, increased education and awareness, expansion of telemedicine and remote veterinary care, and more personalized and targeted treatment approaches.

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What are the Fundamental Drivers and Innovations Shaping the Pet Diabetes Care Devices Market?

The escalation in expenses related to pet health is projected to stimulate the expansion of the pet diabetes care device market. Pet health expenditure can be defined as the funds deployed by pet owners towards addressing their pets’ health problems. This outlay on pet healthcare encompasses veterinary attention, necessary equipment, and crucial pet healthcare apparatus. For example, figures published by the American Veterinary Medical Association, a not-for-profit entity based in the U.S, in October 2022 showed a rampant increase in consumer spending on dogs and cats between 2020 and 2022. There was a sharp rise in the annual veterinary visit costs for households owning a single dog, shooting up to $362 in 2022 from $224 in the previous two years. Consequently, this surge in pet health expenditure is fuelling the growth of the pet diabetes care device market.

How Is the Pet Diabetes Care Devices Market Segmented?

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

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Which Regions Are Driving the Next Phase of the Pet Diabetes Care Devices Market Growth?

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 Key Trends Are Shaping the Future of the Pet Diabetes Care Devices Market?

The introduction of new technologies is a significant trend within the pet diabetes care device market. In a bid to consolidate their market position, key players in the industry, such as Zoetis Inc., a veterinary pharmaceutical company from the United States, are pioneering innovative tech solutions. As an example, Zoetis Inc. launched the AlphaTrak 3 blood glucose monitoring system specifically for dogs and cats in the United States in February 2023. The AlphaTrak 3 system features a unique mobile app which empowers pet owners and veterinary medical professionals to collect, store, and share pertinent data. This inclusion of a smartphone app in the device enhances data communication and exchange, facilitating real-time sharing of crucial data like glucose levels of pets with veterinary practices. This instantaneous data exchange bolsters the confidence of veterinarians and pet owners in caring for diabetic pets. In comparison with its predecessor, the AlphaTrak 2, the AlphaTrak 3 blood glucose monitor delivers accurate readings in just five seconds, and requires a minimal blood sample of merely 0.3 microliters. It operates within a glucose range of 20 to 750 milligrams per deciliter. The AlphaTrak 3’s mobile app collects comprehensive data from pet owners, including information such as feeding, hydration, activity, and insulin dosage schedules.

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How Is the Pet Diabetes Care Devices Market Defined and What Are Its Core Parameters?

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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