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What Growth Opportunities are Expected to Drive the Pet Diabetes Care Market’s CAGR Through 2034?

In recent times, a significant surge has been witnessed in the pet diabetes care market, with the market size predicted to swell from $2.21 billion in 2024 to $2.41 billion in 2025, registering a compound annual growth rate (CAGR) of 8.9%. The expansion seen during the historic period is linked to an enhanced consciousness about pet health, breakthroughs in veterinary medical science, a rise in diabetes frequency among pets, the increasing trend of treating pets like humans, amplified emphasis on pet diet standards, initiatives on awareness undertaken by veterinary entities, and the availability of insulin and other related treatments.

In the coming years, the pet diabetes care market is anticipated to witness robust growth, expanding to $3.49 billion in 2029, with a compound annual growth rate (CAGR) of 9.7%. This predicted growth in the forecast period can be linked to an increase in pet insurance uptake, tailored diabetes management for pets, a focus on early pet healthcare, the universal spread of pet health trends, and escalating investment in pet health research and rising consumer wealth. The forecast period also sees significant trends, which encompass advancements in veterinary diagnostic procedures, focus on managing pet obesity, innovations in insulin delivery mechanisms, increased pet insurance coverage, greater accessibility to specialist pet food, telemedicine and remote surveillance, as well as collaborations in veterinary medicine.

Which Primary Drivers Are Supporting the Continued Expansion of the pet diabetes care Market?

Forward growth in the pet diabetes care market is anticipated due to a projected rise in pet adoption. Adopting a pet, which entails acquiring a pet that’s been abandoned by its previous owners from shelters or rescue groups instead of purchasing from breeders, pet stores, or other private entities, is becoming more common. The lifestyle of pets is increasingly aligning with ours as they become less active and depend more on processed foods, leading to a rise in diabetes diagnoses among them. For instance, Animal Medicines Australia, a non-government organization from Australia, reported a noteworthy growth in pet ownership in 2022, climbing to 28,730.8 from a 39% figure in 2021, denoting a 24% surge. This significant rise indicates a steady trend of increased pet adoption and related care investment. As more Australian homes welcome pets, the popularity of pets in Australian homes is increasing. Hence, the upswing in pet adoption is fueling the growth of the pet diabetes care market.

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What Are the Leading Industry Players Dominating the Pet Diabetes Care Market?

Major companies operating in the pet diabetes care market are:

• C.H. Boehringer Sohn AG & Co. KG_x000D_

• Becton Dickinson and Company_x000D_

• Merck & Co Inc._x000D_

• Zoetis Inc._x000D_

• Trividia Health Inc._x000D_

What Are the Latest Trends Leading to Disruption in the Pet Diabetes Care Market?

A surge in research and development initiatives, coupled with the introduction of innovative products, is becoming increasingly prevalent in the pet diabetes market. A wealth of research is being undertaken to unravel the complexities of animal diabetes and simplify its management. Additionally, firms are diversifying their offerings through the introduction of generic drugs in a bid to maintain their market stance. For instance, in December 2022, the U.S. Food and Drug Administration (FDA), a governing body focused on scientific regulations, approved a medication for a particular type of feline diabetes developed by Elanco Animal Health Inc. This marked the first-ever oral medication for such animal conditions.

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What Are the Major Segments of the Pet Diabetes Care Market and Their Role in Driving Growth?

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

Which Regions Are Significant to 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.

How Is the Pet Diabetes Care Market Classified and Defined in Market Analysis?

Pet diabetes care is used to treat pets suffering from diabetes, which may also cause other diseases such as heart disease, pancreatitis, urinary tract infections, kidney disease, and skin infections. Diabetes develops when a pet’s body produces insufficient insulin, stops generating it altogether, or uses it improperly, which hinders the body from converting food into energy.

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