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Oct 5, 2020 12:00 PM ET

Global Pet Diabetes Care Market Set for Rapid Growth, to reach Value USD 2,605.1 Million by 2025

iCrowd Newswire - Oct 5, 2020

Zion Market Research has published a new report titled “Pet Diabetes Care Market by Devices Type (Insulin Delivery Devices and Glucose Monitoring Devices), Animal (Horses, Dogs, and Cats), and End User (Veterinary Hospitals, Home Care, and Veterinary Clinics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” According to the report, global demand for pet diabetes care market was valued at approximately USD 1,472.3 Million in 2018, and is expected to generate revenue of around USD 2,605.1 Million by end of 2025, growing at a CAGR of around 8.6% between 2019 and 2025.

Diabetes can be defined as a medical condition that is characterized by inability of body to utilize glucose. Apart from humans, diabetes is also a major health concern in older and/or pregnant pets. Cats and dogs are at a higher threat of diabetes.

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Factors such as increasing diabetes diagnosis rate in pets, scientific advancements in pet diabetes management, and increasing consciousness will act as major driving factors in the growth of global pet diabetes care market. Amplified research activity and unveiling of novel products will create opportunities for the market players in the pet diabetes care market. Nonetheless, certain side effects linked to diabetes medicine in pets and absence of consciousness and inadequate animal healthcare spending in developing counties will restrict the growth of global pet diabetes care market.

The global pet diabetes care market has been split into devices type, animal, and end user. Based on devices type, 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 2018 owing to high pet adoption.

Animal segment has been divided into horses, dogs, and cats. The dogs segment accounted for the highest market share in 2018 owing to growing cases of obesity in dogs.

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 2018 due to increasing preference for veterinary hospitals among pet owners.

Regionally, the thoracic drainage devices market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa North America will be foremost region through the forecast time. U.S. will be the leading country in the North America region owing to high pet adoption, presence of major market players, and high obesity rate among pets in the region. Europe is likely to be the succeeding key market. The crucial reasons are 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.

The report also includes detailed profiles of key players such as Merck, Zoetis, TaiDoc, Allison Medical, Ulticare, Boehringer Ingelheim Vetmedica Inc., and Bayer among others.

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

Global Pet Diabetes Care Market: By Devices Type

Global Pet Diabetes Care Market: By Animal

Global Pet Diabetes Care Market: By End User

Global Pet Diabetes Care Market: By Region

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Keywords:    Pet Diabetes Care Market

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