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Pet Diabetes Care Devices Market Size

Report ID: GMI4444
Published Date: Dec 2022
Report Format: PDF

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Pet Diabetes Care Devices Market Size

Pet Diabetes Care Devices Market size registered a valuation of more than USD 2 billion in 2022. Driven by significant rise in cost of pet healthcare, the industry is estimated to progress at over 7% CAGR from 2023 to 2032

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Substantial growth in pet healthcare expenditure across the world is expected to foster market progress. A rise in the adoption of pets is estimated to increase the spending on healthcare needs, which is enhancing the overall industry scenario.

Moreover, the increasing cases of diabetes, especially among dogs has elevated the demand for pet diabetes care devices. The rising popularity of pet parenting has encouraged owners to spend more on pet health. This is leading to an increase in the diagnosis of pet diabetes that has the potential to emerge at any age, thereby stimulating the market over the coming years. Additionally, the high disposable income of pet owners to give an organic lifestyle to their pets is further bolstering business expansion.

Pet Diabetes Care Devices Market Report Attributes
Report Attribute	Details
Base Year:	2022
Pet Diabetes Care Devices Market Size in 2022:	2.46 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.3%
2032 Value Projection:	4.99 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	140
Tables, Charts & Figures:	248
Segments covered:	Device, Animal, End-use, and Region
Growth Drivers:	Rising prevalence of pet diabetes across the globe Increasing pet healthcare expenditure Growing incidence of obesity in pets
Pitfalls & Challenges:	Side effects associated with diabetes medications

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global Industry size for Pet Diabetes Care Devices was valued at more than USD 2 billion in 2022 and is set to progress at over 7% CAGR over the next 10 years owing to the significant disposable incomes of pet owners who strive to provide organic lifestyle to their pets.

Veterinary hospitals segment is anticipated to surpass a valuation of USD 2 billion by 2032 on account of the swelling number of animals needing emergency treatment along with the cumulative healthcare spending.

Insulin delivery devices segment held over 91.5% of the market share in 2022 as a result of surging technological developments in insulin delivery devices, such as the insulin pen, which enables accurate and precise administration of insulin doses.

Pet diabetes care devices market in Europe is slated to surpass USD 1.4 billion in revenue by the end of 2032 as a result of increased R&D initiatives for the development of novel products along with escalating pet healthcare concerns in the region.