Global Pet Diabetes Care Market to Reach US$ 3.7 Billion by 2032, Facilitated by Rising Number of Pets Suffering from Diabetes

April 04, 2023 | Healthcare

According to the latest report by IMARC Group, titled "Pet Diabetes Care Market Report by Solution (Treatment, Glucose Monitoring Devices), Animal Type (Dogs, Cats), Distribution Channel (Veterinary Hospitals and Clinics, Retail Pharmacies, Online Stores), and Region 2024-2032," the global pet diabetes care market size reached US$ 2.0 Billion in 2023. Pet diabetes is a common and prominent metabolic disease that affects dogs, cats, and livestock. It requires continuous monitoring of blood sugar levels in animals caused by insulin production. It is treated by taking care of pets and including a healthy diet, exercise, insulin therapy, monitoring, and regular veterinary checkups in their daily routine. Pet diabetes care also involves oral medications that stabilize blood sugar levels, help regulate the glucose levels in the bloodstream, and control the delivery of glucose to the tissues of the body. It aids in maintaining the condition, minimizing unpleasant symptoms of high and low blood sugar levels, and lowering the risks of severe complications, such as dementia, vision loss, urinary tract infections (UTI), skin allergies, and kidney issues.

Global Pet Diabetes Care Market Trends:

The increasing number of pets suffering from diabetes represents one of the key factors driving the demand for pet diabetes care around the world. Moreover, rising concerns among pet parents about the health of their pets are contributing to the market growth. In addition, the advent of smart wearable devices for pets that are integrated with advanced technologies, such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to monitor vital signs, is favoring the growth of the market. These devices also alert owners to any changes in these vital signs that may indicate a health issue. Furthermore, the growing number of veterinary diagnostic centers and significant improvements in the veterinary healthcare infrastructure is creating a positive outlook for the market. Apart from this, the increasing adoption of insulin treatment for diabetic dogs and cats that minimizes blood glucose levels by increasing peripheral consumption of glucose and suppressing the production of hepatic glucose is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 3.7 Billion by 2032, exhibiting a CAGR of 6.77% during 2024-2032.

Market Summary:

On the basis of the solution, the market has been bifurcated into treatment and glucose monitoring devices. At present, combined cycle pet diabetes care holds the largest market share.
Based on the animal type, the market has been divided into dogs and cats. Presently, heavy duty (frame) exhibits a clear dominance in the market.
On the basis of the distribution channel, the market has been categorized into veterinary hospitals and clinics, retail pharmacies, and online stores. Above 300 MW currently accounts for the biggest market share.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include ACON Laboratories Inc., Allison Medical Inc., Becton Dickinson and Company, Boehringer Ingelheim International GmbH, i-SENS Inc., Merck & Co. Inc., Trividia Health Inc. (Sinocare), UltiMed Inc. and Zoetis Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Solution, Animal Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	ACON Laboratories Inc., Allison Medical Inc., Becton Dickinson and Company, Boehringer Ingelheim International GmbH, i-SENS Inc., Merck & Co. Inc., Trividia Health Inc. (Sinocare), UltiMed Inc. and Zoetis Inc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Pet Diabetes Care Market to Reach US$ 3.7 Billion by 2032, Facilitated by Rising Number of Pets Suffering from Diabetes

Purchase options

Single User License ~~$3899~~ $2999
Five User License ~~$4899~~ $3999
Corporate User License ~~$5899~~ $4999

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.