Global Pet Diabetes Care Market Size (2024 - 2029)

Pet Diabetes Care Devices Market Analysis

The Global Pet Diabetes Care Market size is estimated at USD 2.12 billion in 2024, and is expected to reach USD 2.88 billion by 2029, growing at a CAGR of 6.22% during the forecast period (2024-2029).

Diabetes is a prevalent condition in dogs and cats, necessitating specialized care. This care includes tailored diets, fitness routines, consistent monitoring, regular insulin injections, and veterinary checkups. Treatments are individualized, and it is crucial to monitor blood and urine sugar levels regularly. While vet visits are essential, home monitoring devices are increasingly popular for convenient glucose checks. These advanced tools monitor health and proactively manage issues to avert complications.

The market for pet diabetes care offers a range of tools, from glucose monitoring systems to insulin pens. These devices, championed by veterinary clinics, are set to drive the market forward. Healthcare professionals and caretakers in veterinary clinics advocate for these devices, empowering pet owners to diagnose and manage their pets' conditions. With guidance from veterinarians, owners can optimize nutrition and monitor their pets' glucose levels. The heightened focus on pet health underscores the demand for cutting-edge diabetic care equipment, ensuring the well-being of companion animals with diabetes.

The major factors for the growth of the market include the rising prevalence of diabetes in pet animals, an increase in pet adoption, and the growing pet population. According to the 2022-2023 National Pet Owners Survey by the American Pet Products Association, 65.1 million households in the United States own a dog, while 46.5 million own a cat as a pet. The past few years have seen a significant increase in the adoption of animals, such as dogs and cats, as the preferred companions of human beings. Dogs and cats are the most popular pets and have been shown to enhance humans' physical and mental well-being. The developed countries lead in companion animal ownership due to favorable economic conditions.

Also, according to the American Pet Products Association's 2021-2022 National Pet Owners Survey, the basic annual expenses for surgical vets are USD 374 to USD 965 for cats and USD 534 to USD 1,285 for dogs. Thus, the rise in the adoption of pet animals is expected to increase spending on the healthcare needs of these animals, which would, in turn, be expected to boost the growth of the market during the forecast period.

Therefore, the market has a significant size, driven by the large population of pet animals, especially cats and dogs. Hence, the increase in pet adoption is expected to drive the pet diabetes market during the forecast period. However, the high cost of diabetic medication and side effects relating to medicines and insulin restrain the market growth.

Pet Diabetes Care Devices Industry Segmentation

As per the scope of the report, diabetes is a chronic disease that can also affect dogs and cats. Diabetes is more common in older pets, but it can also occur in younger or pregnant pets. The market for pet diabetes care includes therapies for treating or alleviating diabetes in animals, as well as devices for monitoring blood glucose and administering insulin to animals.

The pet diabetes care market is segmented by drug type, device type, animal type, and geography. By drug type, the market is segmented into insulin therapy and oral medication. By device type, the market is segmented into glucose monitoring devices and insulin delivery devices. By animal type, the market is segmented into canine and feline. Geographically, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers market size and forecasts in value (USD) for the above segments.