Pet Diabetes Care Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Pet Diabetes Care Market By Devices Type (Glucose monitoring devices and Insulin delivery devices), Animal Type (Cats, Dogs and Horses), End User (Veterinary clinics, Home care settings and Veterinary hospitals) and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and Forecast to 2028

 

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Report

Description

The pet diabetes care market is valued at USD 2,125.7 million in 2021 and is poised to grow at a significant CAGR of 7.0% over 2022–2028. Despite being mentioned in ancient books, diabetes is today thought to be one of the most developing medical disorders in both humans and animals. If pet owners know what to look for and collaborate with their veterinarian on a health plan for their dog or cat, they may simply and effectively treat the critical condition of diabetes. Between one in 1001 and one in 5002, on average, dogs and cats have diabetes mellitus. In the last 30 years, the number of canines with the illness has tripled. However, dogs who receive the right care live as long as a non-diabetic dog of the same age and sex. In middle-aged to older dogs, particularly in females, diabetes mellitus is a common illness, though it can also affect both male and female puppies. For instance, compared to other breeds, Siamese cats have a higher-than-average prevalence of diabetes. With proper care, a suitable diet, and a regular healthcare schedule, a diabetic cat can also lead a happy and healthy life. Given the increasing demand, healthcare facilities are storing up on animal-related medical supplies. In order to increase their presence in the overall market for pet diabetic care devices, a growing number of industry participants are concentrating on targeting various sales channels towards veterinary hospitals. The increased preference for government hospitals in developing nations due to cost-effectiveness is anticipated to fuel category growth. Additionally, the growing popularity of pet insurance in developed nations will in the near future fuel the expansion of the market for pet diabetic care devices.

Recent Market Developments:

In August 2020, Prozinc (protamine zinc recombinant human insulin) was introduced by Boehringer Ingelheim International GmbH as a single-dose daily medication for dogs with diabetes in the 20 ml presentation.

Pet Diabetes Care Market

MARKET SUMMARY
-
7.0%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.0%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Pet Diabetes Care Market

  • The report on global pet diabetes care market gives historical, current and future market sizes (US$ Mn) on the basis of device type, animal type, end-user, and geography.
  • The pet diabetes care market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global non-animal softgel capsules products.
key players
  • Henry Schein Animal Health
  • MED TRUST
  • Merck Co. Inc.
  • UltiMed, Inc.
  • Zoetis, Inc.
Pet Diabetes Care Market Dynamics

In recent years, the number of dogs and cats, as well as the proportion of families with either a dog or a cat, have all climbed. A significant portion of new pets is obtained through animal shelters, which will house 40% of cats and 38% of dogs in 2020. Pets are increasingly becoming seen as members of the family on a global scale. In fact, millions of people worldwide adore their dogs, taking pleasure in their company while taking them for walks, playing with them, and even conversing with them. Additionally, there is evidence to support the notion that pet bonding benefits human health and even fosters a sense of community. It is projected that increasing pet care expenses and the advent of pet insurance would influence pet owners to choose cutting-edge pet care equipment, such as pet diabetic care gadgets. the expanding pet care.


Asia-Pacific Got Significant Share

Pet Diabetes Care Market

The Pet Diabetes Care market in the Asia Pacific is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. This can be attributed to increased animal healthcare costs, rising disposable money in important markets, and rising disease awareness in developing nations. The market is also expanding as a result of the rising need for the accurate and prompt diagnosis of pet diabetes and pet humanization in developing nations like India. North America held considerable market share during the estimated period owing to the implementation of different marketing tactics developed by leading corporations, rising access to healthcare, rising diagnostic costs, and rising pet prices.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The pet diabetes care market report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Pet Diabetes Care Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The pet diabetes care market is projected to expand at a CAGR of 7.0% during the forecast period

Apotex, Inc., Becton, Dickinson and Company, Boehringer Ingelheim Vetmedica, Inc., Henry Schein Animal Health, MED TRUST, Merck & Co. Inc., UltiMed, Inc., Zoetis, Inc.

Asia Pacific is the fastest-growing region for pet diabetes care market


Report

Company Profile

  • Allison Medical
  • Apotex, Inc.
  • Becton, Dickinson and Company
  • Boehringer Ingelheim Vetmedica, Inc.
  • Henry Schein Animal Health
  • MED TRUST
  • Merck & Co. Inc.
  • UltiMed, Inc.
  • Zoetis, Inc.

Description

The pet diabetes care market is valued at USD 2,125.7 million in 2021 and is poised to grow at a significant CAGR of 7.0% over 2022–2028. Despite being mentioned in ancient books, diabetes is today thought to be one of the most developing medical disorders in both humans and animals. If pet owners know what to look for and collaborate with their veterinarian on a health plan for their dog or cat, they may simply and effectively treat the critical condition of diabetes. Between one in 1001 and one in 5002, on average, dogs and cats have diabetes mellitus. In the last 30 years, the number of canines with the illness has tripled. However, dogs who receive the right care live as long as a non-diabetic dog of the same age and sex. In middle-aged to older dogs, particularly in females, diabetes mellitus is a common illness, though it can also affect both male and female puppies. For instance, compared to other breeds, Siamese cats have a higher-than-average prevalence of diabetes. With proper care, a suitable diet, and a regular healthcare schedule, a diabetic cat can also lead a happy and healthy life. Given the increasing demand, healthcare facilities are storing up on animal-related medical supplies. In order to increase their presence in the overall market for pet diabetic care devices, a growing number of industry participants are concentrating on targeting various sales channels towards veterinary hospitals. The increased preference for government hospitals in developing nations due to cost-effectiveness is anticipated to fuel category growth. Additionally, the growing popularity of pet insurance in developed nations will in the near future fuel the expansion of the market for pet diabetic care devices.

Recent Market Developments:

In August 2020, Prozinc (protamine zinc recombinant human insulin) was introduced by Boehringer Ingelheim International GmbH as a single-dose daily medication for dogs with diabetes in the 20 ml presentation.

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