
Global Pet Diabetes Care Market Size, Trends and Growth Opportunity, By Animal Type, By Solution, By Distribution Channel, By Drug Type, By Region and Forecast till 2027.
Description
Global Pet Diabetes Care Market Size, Trends and Growth Opportunity, By Animal Type, By Solution, By Distribution Channel, By Drug Type, By Region and forecast till 2027.
Global Pet Diabetes Care Market
Global Pet Diabetes Care Market is valued at USD 1.64 billion in 2021 and expected to reach at USD 2.46 billion by 2027 at a CAGR 5.20% from 2022-2027.
Diabetes Mellitus is one of the common and well-known metabolic diseases which have been identified in canine and feline family. Diabetic Dogs & Cats can live long & healthy lives with proper management and veterinary care. If any change is observed in pet’s behaviour or weight, it is advised to consult a veterinarian. Dogs & cats with diabetes generally need long-term treatment with special diet, good fitness regime, and especially in dog daily insulin injections. The key to managing diabetic pets is to maintain blood sugar near normal range and avoid too-high or too-low range which can be life threatening. Dogs & cats are less susceptible to atherosclerosis compared to humans, while diabetes is a relatively common endocrine disease in both dog & cat species.
Market Drivers Components such as rising companion animal population and pet adoption, availability of pet diabetes care instruments, the incidence and increasing risk factor of the diseases, encouraging awareness programmes initiated by government, and policy implemented by key companies are driving the growth of Pet Diabetes Care Market. Increasing cases of diabetes in pets is anticipated to create more opportunity for the market growth during the forecast period. Increase in adoption of pet animals is expected to grow the spending on the healthcare need of these animals that would in turn anticipated to boost the growth of the market in the upcoming years.
Market Restraints
The COVID-19 pandemic has resulted in decreased sales in the pet diabetes care market decline. This hampers a market due to lockdown declaration all over the world and respective restricted access to and closure of veterinary services. Lockdown makes a barrier between pet owners in getting better veterinary care owing to strict lockdown rules and regulations and cancellation of veterinary appointments that would lead to impede the market growth.
Market Segmentation
The Global Pet Diabetes Care Market is segmented into Animal, Type, Solution, Distribution Channel, Drug Type. By Animal such as Dogs, Cats. By Solution such as Treatment (Insulin Therapy, Insulin Delivery Devices, Other Treatments), Glucose Monitoring Devices. By Distribution Channel such as Veterinary Hospitals & Clinics, Retail Pharmacies, E-commerce. By Drug Type such as Insulin Therapy, Oral Medication.
Regional Analysis
The Global Pet Diabetes Market Care is segmented into five regions such as North America, Europe, Asia Pacific, Latin America, and MEA. North America held more than 30% of the earning share of the market in 2021. The high share of the region is due to remarkable presence of key players, the acceptance of various strategies launches by various companies to rise market penetration, rise in treatment availability, increasing diagnostic rate, and growing pet population and spendings. Europe region held second-largest profit share of the market for pet diabetes care in 2021. Asia Pacific is estimated to record a CAGR of over 9% from 2022-2030. This is because of increasing animal healthcare expenditure, rising demand for proper and timely diagnosis for pet diabetes in developing countries.
Key Players
Various Key Players are listed in this report such as Merck & Co., Inc., Zoetis, BD, Boehringer Ingelheim International GmbH, Trividia Health, Inc., Allison Medical, Inc., UltiMed, Inc., ACON Laboratories Inc., i-SENS, Inc., TaiDoc Technology Corporation.
Market Taxonomy
By Animal
Insulin Delivery Devices
Other Treatments
Global Pet Diabetes Care Market
Global Pet Diabetes Care Market is valued at USD 1.64 billion in 2021 and expected to reach at USD 2.46 billion by 2027 at a CAGR 5.20% from 2022-2027.
Diabetes Mellitus is one of the common and well-known metabolic diseases which have been identified in canine and feline family. Diabetic Dogs & Cats can live long & healthy lives with proper management and veterinary care. If any change is observed in pet’s behaviour or weight, it is advised to consult a veterinarian. Dogs & cats with diabetes generally need long-term treatment with special diet, good fitness regime, and especially in dog daily insulin injections. The key to managing diabetic pets is to maintain blood sugar near normal range and avoid too-high or too-low range which can be life threatening. Dogs & cats are less susceptible to atherosclerosis compared to humans, while diabetes is a relatively common endocrine disease in both dog & cat species.
Market Drivers Components such as rising companion animal population and pet adoption, availability of pet diabetes care instruments, the incidence and increasing risk factor of the diseases, encouraging awareness programmes initiated by government, and policy implemented by key companies are driving the growth of Pet Diabetes Care Market. Increasing cases of diabetes in pets is anticipated to create more opportunity for the market growth during the forecast period. Increase in adoption of pet animals is expected to grow the spending on the healthcare need of these animals that would in turn anticipated to boost the growth of the market in the upcoming years.
Market Restraints
The COVID-19 pandemic has resulted in decreased sales in the pet diabetes care market decline. This hampers a market due to lockdown declaration all over the world and respective restricted access to and closure of veterinary services. Lockdown makes a barrier between pet owners in getting better veterinary care owing to strict lockdown rules and regulations and cancellation of veterinary appointments that would lead to impede the market growth.
Market Segmentation
The Global Pet Diabetes Care Market is segmented into Animal, Type, Solution, Distribution Channel, Drug Type. By Animal such as Dogs, Cats. By Solution such as Treatment (Insulin Therapy, Insulin Delivery Devices, Other Treatments), Glucose Monitoring Devices. By Distribution Channel such as Veterinary Hospitals & Clinics, Retail Pharmacies, E-commerce. By Drug Type such as Insulin Therapy, Oral Medication.
Regional Analysis
The Global Pet Diabetes Market Care is segmented into five regions such as North America, Europe, Asia Pacific, Latin America, and MEA. North America held more than 30% of the earning share of the market in 2021. The high share of the region is due to remarkable presence of key players, the acceptance of various strategies launches by various companies to rise market penetration, rise in treatment availability, increasing diagnostic rate, and growing pet population and spendings. Europe region held second-largest profit share of the market for pet diabetes care in 2021. Asia Pacific is estimated to record a CAGR of over 9% from 2022-2030. This is because of increasing animal healthcare expenditure, rising demand for proper and timely diagnosis for pet diabetes in developing countries.
Key Players
Various Key Players are listed in this report such as Merck & Co., Inc., Zoetis, BD, Boehringer Ingelheim International GmbH, Trividia Health, Inc., Allison Medical, Inc., UltiMed, Inc., ACON Laboratories Inc., i-SENS, Inc., TaiDoc Technology Corporation.
Market Taxonomy
By Animal
- Dogs
- Cats
- Treatment
Insulin Delivery Devices
Other Treatments
- Glucose Monitoring Devices.
- Veterinary Hospitals & Clinics
- Retail Pharmacies
- E-commerce.
- Insulin Therapy
- Oral Medication.
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa.
Table of Contents
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Pet Diabetes Care Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Pet Diabetes Care Market, By Animal
- 5.1 Y-o-Y Growth Comparison, By Animal
- 5.2 Global Pet Diabetes Care Market Share Analysis, By Animal
- 5.3 Global Pet Diabetes Care Market Size and Forecast, By Animal
- 5.3.1 Dogs
- 5.3.2 Cats
- 6 Global Pet Diabetes Care Market, By Solution
- 6.1 Y-o-Y Growth Comparison, By Solution
- 6.2 Global Pet Diabetes Care Market Share Analysis, By Solution
- 6.3 Global Pet Diabetes Care Market Size and Forecast, By Solution
- 6.3. 1 Treatment
- 6.3.1.1 Insulin Therapy
- 6.3.1.2 Insulin Delivery Devices
- 6.3.1.3 Other Treatments
- 6.3.2 Glucose Monitoring Devices.
- 7 Global Pet Diabetes Care Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Pet Diabetes Care Market Share Analysis, By Distribution Channel
- 7.3 Global Pet Diabetes Care Market Size and Forecast, By Distribution Channel
- 7.3.1 Veterinary Hospitals & Clinics
- 7.3.2 Retail Pharmacies
- 7.3.3 E-commerce.
- 8 Global Pet Diabetes Care Market, By Drug Type
- 8.1 Y-o-Y Growth Comparison, By Drug Type
- 8.2 Global Pet Diabetes Care Market Share Analysis, By Drug Type
- 8.3 Global Pet Diabetes Care Market Size and Forecast, By Drug Type
- 8.3.1 Insulin Therapy
- 8.3.2 Oral Medication.
- 9 Global Pet Diabetes Care Market, By Region
- 9.1 Global Pet Diabetes Care Market Share Analysis, By Region
- 9.2 Global Pet Diabetes Care Market Share Analysis, By Region
- 9.3 Global Pet Diabetes Care Market Size and Forecast, By Region
- 10 North America Pet Diabetes Care Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 North America Pet Diabetes Care Market Share Analysis, By Animal
- 10.3 North America Pet Diabetes Care Market Size and Forecast, By Solution
- 10.4 North America Pet Diabetes Care Market Size and Forecast, By Distribution Channel
- 10.5 North America Pet Diabetes Care Market Size and Forecast, By Drug Type
- 10.6 North America Pet Diabetes Care Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Pet Diabetes Care Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Europe Pet Diabetes Care Market Share Analysis, By Animal
- 11.3 Europe Pet Diabetes Care Market Size and Forecast, By Solution
- 11.4Europe Pet Diabetes Care Market Size and Forecast, By Distribution Channel
- 11.5Europe Pet Diabetes Care Market Size and Forecast, By Drug Type
- 11.6 Europe Pet Diabetes Care Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4. Rest of Europe
- 12 Asia Pacific Pet Diabetes Care Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 12.2 Asia Pacific Pet Diabetes Care Market Share Analysis, By Animal
- 12.3 Asia Pacific Pet Diabetes Care Market Size and Forecast, By Solution
- 12.4 Asia Pacific Pet Diabetes Care Market Size and Forecast, By Distribution Channel
- 12.5 Asia Pacific Pet Diabetes Care Market Size and Forecast, By Drug Type
- 12.6 Asia Pacific Pet Diabetes Care Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4. Rest of Asia Pacific
- 13 Latin America Pet Diabetes Care Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Latin America Pet Diabetes Care Market Share Analysis, By Animal
- 13.3 Latin America Pet Diabetes Care Market Size and Forecast, By Solution
- 13.4 Latin America Pet Diabetes Care Market Size and Forecast, By Distribution Channel
- 13.5 Latin America Pet Diabetes Care Market Size and Forecast, By Drug Type
- 13.6 Latin America Pet Diabetes Care Market Size and Forecast, Country
- 13.6.1. Brazil
- 13.6.2. Rest of Latin America
- 14 Middle East Pet Diabetes Care Market Analysis and Forecast (2022-2027)
- 14.1 Introduction
- 14.2 Middle East Pet Diabetes Care Market Share Analysis, By Animal
- 14.3 Middle East Pet Diabetes Care Market Size and Forecast, By Solution
- 14.4 Middle East Pet Diabetes Care Market Size and Forecast, By Distribution Channel
- 14.5 Middle East Pet Diabetes Care Market Size and Forecast, By Drug Type
- 14.6 Middle East Pet Diabetes Care Market Size and Forecast, By Country
- 14.6.1. Saudi Arabia
- 14.6.2. UAE
- 14.6.3. Egypt
- 14.6.4. Kuwait
- 14.6.5. South Africa
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 Merck & Co., Inc
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 Zoetis, BD
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 Boehringer Ingelheim International GmbH
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 Trividia Health, Inc
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 Allison Medical, Inc
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 UltiMed, Inc
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 ACON Laboratories Inc
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 i-SENS, Inc
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 TaiDoc Technology Corporation
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
Pricing
Currency Rates
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