Pet Diabetes Care Market Size, Share, Growth, Report 2032

Pet Diabetes Care Market: Industry Perspective

The global pet diabetes care market size was worth around USD 1833.52 Million in 2023 and is predicted to grow to around USD 3259.12 Million by 2032 with a compound annual growth rate (CAGR) of roughly 6.6% between 2024 and 2032. The report analyzes the global pet diabetes care market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the pet diabetes care industry.

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The report covers forecasts and analyses for the pet diabetes care market on a global and regional level. The study provides historical data from 2018 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the pet diabetes care market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pet diabetes care market on a global as well as regional level.

In order to give the users of this report a comprehensive view of the pet diabetes care market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein device type and services segment are benchmarked based on their market size, growth rate and general attractiveness.

The report provides a company market share analysis in order to give a broader overview of the key players in the pet diabetes care market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new device type launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the pet diabetes care market on a global and regional basis.

Pet Diabetes Care Market: Overview

Diabetes is a medical condition that arises when the body cannot utilize glucose. Diabetes occurs most commonly in older pets. However, some younger and pregnant pets are also susceptible to diabetes. Dogs and cats are at a higher risk of diabetes. Diabetes arises in female dogs twofold as frequently as in male dogs. Some breeds of dogs may be prone to diabetes.

Pet Diabetes Care Market: Dynamics

Factors such as the growing rate of diabetes diagnosis in pets, technological advancements in pet diabetes treatment, and increasing awareness will act as major driving factors in the growth of the global pet diabetes care market. Increased research and development activity and the launch of new products will present an opportunity for the market players in the pet diabetes care market.

Nonetheless, some side effects related to diabetes medication in pets and lack of awareness and low animal healthcare expenditure in developing regions will restrict the growth of the global pet diabetes care market.

Pet Diabetes Care Market: Segmentation Analysis

The global pet diabetes care market has been split into device type, animal, end-user, and region.

Based on device type, the pet diabetes care market has been segmented into insulin delivery devices and glucose monitoring devices. The insulin delivery devices segment accounted for the highest market share in 2023 owing to high pet adoption.

The animal segment has been divided into horses, dogs, and cats. The dogs segment accounted for the highest market share in 2023 owing to growing cases of obesity in dogs.

The end-user segment has been divided into veterinary hospitals, home care, and veterinary clinics. The veterinary hospitals segment accounted for the highest market share in 2023 due to an increasing preference for veterinary hospitals among pet owners.

Pet Diabetes Care Market: Report Scope

Pet Diabetes Care Market: Regional Analysis

North America will be the leading region during the forecast period. The U.S. accounted for the highest share in the North American region due to high pet adoption, the presence of major market players, and the high obesity rate among pets in the region. Europe is likely to be the succeeding key market. The crucial reasons are the increasing trend of companion animals and high investment in research and development by major market players.

Asia Pacific will develop at the highest growth rate owing to growing veterinary healthcare expenditure and increasing pet adoption. Latin America region will propagate at a noteworthy rate through the assessment time. Middle East & Africa will show positive advancement in the projected time frame.

Pet Diabetes Care Market: Competitive Analysis

Some of the major players in the global pet diabetes care market include:

• Merck
• Zoetis
• TaiDoc
• Allison Medical
• Ulticare
• Boehringer Ingelheim Vetmedica Inc.
• Bayer

This report segments the Global Pet Diabetes Care Market as follows:

By Devices Type Analysis

• Insulin Delivery Devices
• Glucose Monitoring Devices

By Animal Analysis

• Horses
• Dogs
• Cats

By End User Analysis

• Veterinary Hospitals
• Home Care
• Veterinary Clinics

By Region Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa