Global Pet Diabetes Care Devices Market to accrue $2.8 Bn by 2025

January 22, 2020


According to the latest study titled ‘Pet Diabetes Care Devices Market Size By Device Type (Glucose Monitoring Devices, Insulin Delivery Devices {Insulin Delivery Pen, Insulin Syringes }) By Animal (Cats, Dogs, Horses), By End-use (Veterinary Clinics, Home Care Settings, Veterinary Hospitals), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global pet diabetes care devices market is presumed to accumulate over US $2.8 billion by the year 2025.
 

Rising trend of adopting pets across the globe, along with increasing prevalence of pet obesity leading to diabetes are fueling the adoption of pet diabetes care devices. Leading market players are developing advanced insulin delivery devices for effective treatment. This factor coupled with surging spending towards pet health will augment the growth of pet diabetes care devices market.
 

Based on the type of device, pet diabetes care devices market is categorized into insulin delivery devices and glucose monitoring devices. The former segment is further classified into insulin syringes and insulin delivery pens. As per the report, insulin delivery pen segment will grow at the rate of 8.8% during 2019-2025, as the device is used extensively across home care settings and veterinary hospitals & clinics.
 

Speaking of the animal type, pet diabetes care devices market from cats segment was worth US $652.4 million in 2018. Rising occurrence of type 2 diabetes among cats will favor the demand for pet diabetes care devices.
 

In terms of end-use spectrum, veterinary hospitals segment held more than 43% revenue share of pet diabetes care devices market in 2018 and is anticipated to gain significant traction over the forecast period. Expanding veterinary hospital sector, in tandem with shifting preference of pet-parents towards these settings will aid the segmental growth.
 

Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2419632/
 

Considering the regional landscape, UK pet diabetes care devices market is expected to register a growth rate of 8.5% over 2019-2025, cites the report. Increasing prevalence of diabetes, in consort with rising awareness regarding the availability of several diabetes treatments will impel the regional market growth.
 

Some prominent contenders functioning in pet diabetes care devices market are Zoetis, TaiDoc, Ulticare, Merck Animal Health, Henry Schein Animal Health, FitBark, Becton Dickinson & Company, Boehringer Ingelheim Vetmedica, Inc., Apotex, Inc., and Allison Medical.


Frequently Asked Questions (FAQ) :

Rising trend of adopting pets across the globe, along with increasing prevalence of pet obesity leading to diabetes are fueling the adoption of pet diabetes care devices. Leading market players are emphasizing on developing advanced insulin delivery devices for effective treatment. This factor coupled with surging spending towards pet health will augment the growth of pet diabetes care devices market.
Veterinary hospitals segment held more than 43% revenue share of pet diabetes care devices market in 2018 and is anticipated to gain significant traction over the forecast period. Expanding veterinary hospital sector, in tandem with shifting preference of pet-parents towards these settings will aid the segmental growth.
UK pet diabetes care devices market is expected to register a growth rate of 8.5% over 2019-2025, cites the report. Increasing prevalence of diabetes, in consort with rising awareness regarding the availability of several diabetes treatments will impel the regional market growth.
Some prominent contenders functioning in pet diabetes care devices market are Zoetis, TaiDoc, Ulticare, Merck Animal Health, Henry Schein Animal Health, FitBark, Becton Dickinson & Company, Boehringer Ingelheim Vetmedica, Inc., Apotex, Inc., and Allison Medical.