Pet Diabetes Care Devices Market Report | Size, Growth, Demand, Scope and Forecast to 2032
The global Pet Diabetes Care Devices Market is expected to grow at a 6.5% CAGR, reaching US$ 4 billion by 2032, up from US$ 2 billion in 2021.
“The number of pets with diabetes, the
number of adopted pets, and the number of overweight pets are all driving the
market forward.”
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The domestication of animals is leading to a lack of insulin production
in them. The limited flow of glucose to the cell can be termed diabetes. This
chronic disease is a major concern for pet owners and needs to be taken care
of. This concern leads to the expansion of the pet diabetes care devices
market. Devices like the alphatrak blood glucose meter are in use as
they help the pet owners monitor the pet’s health.
The increased number of people adopting pets and then domesticating them
around in their households, treating and caring for them as family members are
some other factors for the proliferation of the pet diabetes care devices
market.
As diabetes is a chronic disease, the care devices are used for a
lifetime for taking care of the pet. This leads to the high sales of structured
devices and care units like dog fitness trainers, special diet consultants, and
regular insulin injections.
Effective diabetic care and management are important for the pet’s
health. Stating American Pets Products Association, 90.5 Mn families have
adopted a pet, increasing the amount of capital spent on a single pet for the
healthcare and wellbeing of their beloved pet.
“Limited amount of awareness of pet’s health and monitorization, poor
management of pet’s having diabetes are some reasons that restrict the global
market growth. This leads the pet to get indulged with other infections that
harm their health and cause effects on; eyesight, liver, smelling abilities.”
Key Takeaway
·
With Covid-19
affecting the global supply and demand chains, the healthcare market is already
affected. The pet care market, including the pet wellbeing
care devices market, has seen a blow during the surge in the cases.
·
The animal rights and
pet rights organizations are working hand in hand in order to spread awareness
about different diseases that pets deal with. The cure and care have been
taught to the pet parents through online conferences during the pandemic.
·
The global pet diabetes
care devices market is segmented by device type, animal type, and end users.
These segments perform differently in each marketing space.
·
On the basis of device
type, the global market is divided into Insulin Delivery Devices and Glucose
Monitoring Devices. The leading segment is insulin delivery. E.g., Pet
wellbeing sugar gold for dogs, Vetsulin for dogs and cats. On the basis of
animal type, the market is segmented into Cats, Dogs, and Horses. The leading
segment in the market is dogs, as they are domesticated the most in this
category. Taking care of a diabetic dog needs plenty of care and
regular check-ups from time to time.
·
On the basis of
end-use, veterinary clinics, home care settings, and veterinary hospitals are
the segments.
Competitive Landscape
The global pet
diabetes care devices market is dominated by Apotex Inc, Boehringer
Ingelheim VetMedica Inc, Becton, Dickinson and Company, FitBark, Henery Schein
Animal Health, Merck Animal Health, Ulticare, and TaiDoc. These companies are
adopting new organic and inorganic plans to increase their stronghold in the
pet diabetes care devices market.
Lately, Merck
Animal Health, Zoetis, and Purina are continuing the diabetes pet care alliance
program. This involves alliances, aids, and pet screenings
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