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The demand for pet wearables that monitor and track pets' health metrics, such as activity levels, heart rate, sleep patterns, and calories burned, is witnessing an increasing trend. These devices help pet owners assess their pets' overall health, detect early signs of illness, and promote active lifestyles. Additionally, wearable devices that record information on the behavioral patterns of pets, including activity peaks, rest intervals, and behavioral changes, are becoming increasingly popular. These insights assist pet owners in understanding the emotional health of their pets, locating stressors, and resolving their behavioral problems.
Pet wearables are increasingly utilized to supplement veterinary treatment by giving vets access to extensive health data and insights. This enables early diagnosis of chronic illnesses, the creation of individualized treatment regimens, and continuous monitoring. This shift toward personalized pet care drives the demand for wearables that offer tailored health recommendations based on individual pet data. This trend enhances overall pet welfare and encourages preventative health care.
The sensor segment of the pet wearable industry accounted for over 10% share in 2023, as they enable constant monitoring of vital indicators, including temperature, heart rate, and breathing rate.
The market size of pet wearable reached USD 4.8 billion in 2023 and is set to witness 15.5% CAGR between 2024 and 2032, attributed to the reducing family sizes and people opting for furry family members.
Wagz Inc, Whistle Labs (Mars Incorporated), Tractive, Scollar Inc, Petcube Inc, Petpace LLC, Nedap NV, Loc8tor Ltd, IceRobotics Ltd, and Halo Collar among others.
North America market held over 58% share in 2023, owing to technological advancements including increased sensor accuracy and longer battery life.