Pet Diabetes Care Devices Market to Reach $3.5 Billion, Globally, by 2031 at 6.3% CAGR: Allied Market Research
Surge in prevalence of diabetes in pet animals, and growing pet adoptions drives the growth of the global Pet Diabetes Care Devices market.
PORTLAND, Ore., Jan. 26, 2023 /PRNewswire/ -- A new business intelligence report released by Allied Market Research with title, "Pet Diabetes Care Devices Market by Device Type (Glucose Monitoring Devices and Insulin Delivery Devices), Animal (Dogs and Cats), and End User (Homecare, Veterinary Hospitals and Others), And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031" According to the report, the global pet diabetes care devices market valued for $1,885.07 million in 2021 and is estimated to reach $3,468.58 million by 2031, exhibiting a CAGR of 6.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/12425
Drivers, Restraints, and Opportunities-
The surge in demand for advanced Pet Diabetes Care Devices and an increase in pet adoptions drive the growth of the global Pet Diabetes Care Devices market. On the other hand, the high price of the products may restrict the growth to some extent. however, a rise in investment by the major key players is expected to create lucrative opportunities in the industry.
- Volatility in prices of raw materials and lack of supply chain thus impacting the growth of the Pet Diabetes Care Devices industry negatively.
- However, the rise in organic growth strategies by the major key players has helped the market recover post-pandemic.
The insulin delivery devices segment to rule the roost-
By device type, the insulin delivery devices segment held the major share in 2021, garnering around half of the global Pet Diabetes Care Devices market revenue. The increase in prevalence of diabetes in pet animals such as dog and cat drive the segment growth.
The cats segment to maintain its dominance during the forecast period-
By animal types, the cats segment contributed to the highest share in 2021, accounting for around two-fifths of the global Pet Diabetes Care Devices market revenue. The dogs segment would showcase the fastest CAGR of 6.7% throughout the forecast period. This is attributed to the increasing number of pet adoptions and advancements in the pet diabetes devices.
Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12425
The delta segment to dominate by 2031-
By end user, the veterinary hospitals segment accounted for the largest share of the global Pet Diabetes Care Devices market in 2021, and is expected to rule the roost by 2031. The homecare segment would display the fastest CAGR of 6.8% throughout the forecast period. This is due to the fact that an increase in the number of veterinary hospitals.
North America garnered the major share in 2021-
By region, North America garnered the highest share in 2021, holding nearly one-third of the global Pet Diabetes Care Devices market revenue in 2021, and is projected to retain its dominance by 2031. The Asia-Pacific region would also portray the fastest CAGR of 7.7% during the forecast period. The rapid surge in population and rise in the economy of Asia-Pacific have propelled the market growth.
Leading Market Players-
- AccuBioTech Co.,Ltd.,
- Allison Medical Inc.,
- ALR Technologies Inc.,
- Becton, Dickinson and Company,
- MED Trust,
- Merck Animal Health,
- UltiMed, Inc.,
- i-SENS, Inc.
The report analyzes these key players in the global Pet Diabetes Care Devices market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
Trending Reports in Healthcare Industry (Book Now with 10% Discount):
Flow Cytometry Market by Component (Instruments, Reagents and consumables, Software, Services), by Technology (Cell based flow cytometry, Bead based flow cytometry), by Application (Academic and clinical applications, Diagnostic applications), by End User (Hospitals, Medical schools and clinical testing labs, Commercial organizations, Academic institutions, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Electrophysiology Market by Product (EP Ablation Catheters, EP Laboratory Devices, EP Diagnostic Catheters, Access Devices, and Others), Indication (Atrial Fibrillation (AF), Atrial Flutter, Wolff-Parkinson-White Syndrome (WPW), Atrioventricular Nodal Reentry Tachycardia (AVNRT), and Others), and End User (Hospitals & Cardiac Centers, Ambulatory Surgery Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Proteomics Market by Component (Reagents, Instruments, Services), by Application (Drug Discovery, Disease Diagnosis, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Intravenous (IV) Therapy and Vein Access Market by Type (Implantable Ports, Intravenous Catheters, Hypodermic Needles, Infusion Pumps, Other), by Medical Application (Volume Expander, Medication Administration, Blood Based Products, Nutrition And Buffer Solution), by End User (Hospitals, Ambulatory Surgical Center, Clinics): Global Opportunity Analysis and Industry Forecast, 2020-2030
Tattoo Removal Market by Procedure (Laser Procedure, Surgical Procedure, Creams, and Other Procedures) and End User (Hospitals, Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
Rapid Tests Market by Product (Over-the-counter Rapid Test, Professional Rapid Test, and Others), Application (Infectious Disease, Cardiology, Oncology, Pregnancy, Infertility, Toxicology, Glucose Monitoring, and Others), and End User (Hospitals & Clinics, Home Care, Diagnostic Center, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Spectrometry Market by Type (Molecular Spectrometry, Mass Spectrometry, Atomic Spectrometry), by End User (Pharmaceutical and Biotechnology Companies, Research and Academic Institutes, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Breast Implants Market by Type (Silicone Implants, Saline Implants), by Shape (Round, Anatomical), by Texture (Smooth, Textured), by Application (Breast Augmentation, Breast Reconstruction), by End-use (Hospital, Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2031
Laser Resurfacing Market by Type (Non Ablative, Ablative), by Application (Wrinkles and scar, Aging Hands, Sagging skin, Others), by Gender (Male, Female), by Provider (Specialty and Dermatology Clinics, Hospitals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Mastopexy Market by Type (Benelli Lift or Donut Lift, Crescent Breast Lift, Lollipop Lift, Anchor Breast Lift), by End Use (Hospitals, Speciality Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2031
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on Blog: https://www.globalhealthcareindustry.com/
View original content:https://www.prnewswire.com/news-releases/pet-diabetes-care-devices-market-to-reach-3-5-billion-globally-by-2031-at-6-3-cagr-allied-market-research-301730739.html
SOURCE Allied Market Research
Upcoming Life Sciences Events
- March 2023
- Zurich: Swiss Nordic Bio 2023
- April 2023
- Basel: Swiss Biotech Day 2023
- Brussels: Cell and Gene Therapy Summit
Latest company news
Freeline Therapeutics to Host Full Year 2022 Financial Results Call
Vaccitech Announces Positive Topline Final Data for HBV002 Study in People with Chronic Hepatitis B
Asia Pacific Mammography Devices Market Analysis Report 2022: Focus on China, India, Japan, South Korea, Australia, New Zealand, Malaysia, Vietnam, Indonesia, & Singapore