Pet Diabetes Care Devices Market Analysis

Pet Diabetes Care Devices Market Analysis

With respect to devices, pet diabetes care devices market is divided into glucose monitoring devices and insulin delivery devices. Insulin delivery devices segment held over 91.5% market share in 2022. Growing technological developments in insulin delivery devices, such as the insulin pen, which enable more accurate and precise administration of insulin doses are fueling the segment outreach. Top competitors in this market have also made unique developments in other insulin devices, which is set to significantly accelerate the industry's growth over the coming years.
 

Based on animals, industry is classified into cats, horses, and dogs. Pet diabetes care devices market share from dogs segment is primed to depict more than 7.5% CAGR between 2023 and 2032. Dogs are regarded as humans' best friends and are considered beneficial for both the physical and mental health of humans. It has resulted in the rising adoption of dogs as pets. Thus, surging pet parenting influence is estimated to contribute to greater pet health costs and demand for pet diabetic care equipment during the study period.
 

In terms of end-use, pet diabetes care devices market is segregated into home care settings, veterinary clinics, and veterinary hospitals. Veterinary hospitals segment is slated to surpass a valuation of USD 2 billion by 2032. The swelling number of animals needing emergency treatment in veterinary facilities, along with the cumulative healthcare spending, is expected to impel segment statistics. In addition, the need for pet diabetic treatment equipment in veterinary hospital settings has significantly increased due to the rising prevalence of pet diabetes globally.
 

Europe pet diabetes care devices market is expected to surpass USD 1.4 billion in revenue by the end of 2032. The increasing prevalence of pet diabetes in the region is aiding industry expansion. Additionally, the mounting awareness pertaining to diabetes treatment, strong presence of major industry players, increased R&D initiatives for the development of novel products, and escalating pet healthcare concerns are providing lucrative opportunities for regional market statistics.