Pet Diabetes Care Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Animal Type, By Solution, by Distribution Channel, and By Region, Competition

Description

The Global Pet Diabetes Care Market reached a valuation of USD 1.81 billion in 2022 and is poised for significant growth in the forecast period, with a projected Compound Annual Growth Rate (CAGR) of 6.92% and expected to reach USD 2.70 Billion through 2028.

Introduction:

Pet diabetes, also known as diabetes mellitus, is a chronic metabolic disorder that primarily affects pets, especially cats and dogs. It occurs when the body is unable to properly regulate blood glucose (sugar) levels due to either insufficient insulin production or poor response to insulin. Insulin is a hormone produced by the pancreas that helps regulate blood sugar and enables cells to utilize glucose for energy. Symptoms of pet diabetes include increased thirst, frequent urination, increased appetite, weight loss despite increased appetite, lethargy, and weakness. If left untreated, diabetes can lead to severe complications such as ketoacidosis (a life-threatening condition), organ damage, and secondary infections.

Market Overview
Forecast Period	2024-2028
Market Size 2022	USD 1.81 Billion
Market Size 2028	USD 2.70 Billion
CAGR 2023-2028	6.92%
Fastest Growing Segment	Veterinary Hospitals & Clinics
Largest Market	North America

Key Market Drivers:

1. Increasing Pet Ownership:

The rising global trend of pet ownership, particularly for cats and dogs, is driving the demand for pet healthcare services, including diabetes care. Pet owners are becoming more aware of their pets' health and are increasingly considering them as integral family members. This shift in attitude has led to higher spending on pet healthcare and a willingness to invest in diabetes management.

2. Availability of Specialized Pet Food:

Specialized pet food formulated to manage diabetes and control blood sugar levels is driving the growth of this market segment. These diets offer convenience and are designed to complement medical treatment, meeting the unique nutritional needs of diabetic pets.

3. Advancements in Veterinary Medicine:

Veterinary medicine has made significant advancements, including better diagnostic tools, treatment options, and monitoring techniques for pet diabetes. These advancements allow for more effective and specialized care for diabetic pets.

Key Market Challenges:

1. Cost of Treatment:

Managing diabetes in pets can accumulate costs over time. Insulin, specialized diets, glucose monitoring devices, and emergency care for complications can be expensive. This can place financial strain on some pet owners, impacting their ability to afford comprehensive care.

2. Owner Time Constraints:

Managing a diabetic pet's condition requires consistent and timely interventions, including monitoring blood glucose levels and administering medications. Owners with busy schedules might find it challenging to adhere to these strict routines.

Key Market Trends:

1. Rising Awareness:

Increasing awareness of pet diabetes and its signs and symptoms prompts pet owners to seek timely veterinary care and invest in specialized products and treatments. Knowledgeable pet owners are better equipped to make informed decisions about their pets' care.

Segmental Insights:

Animal Type Insights:

Dogs dominate the market due to the increasing number of dog households worldwide. Dogs accounted for a significant portion of households in regions like the United States and Europe in recent years. The COVID-19 pandemic has also driven more people to adopt companion animals for emotional support.

Solution Insights:

Treatment, particularly insulin therapy, is the dominant segment in the market. Insulin therapy is considered the gold standard for diabetes treatment in pets, transferring glucose from food to other organs in the body. The need for insulin delivery equipment remains high, including syringes, needles, and delivery pens.

Distribution Channel Insights:

Veterinary hospitals and clinics are the primary distribution channel for pet diabetes care products and services. These facilities provide state-of-the-art treatment and are the first point of contact for pet owners seeking medical supplies for their pets. The increasing number of veterinarians and clinics contributes to this segment's growth.

Regional Insights:

North America leads the Global Pet Diabetes Care Market, with a share of over 41% in 2022. This dominance is attributed to the presence of prominent players, various expansion strategies employed by key players, increased accessibility to treatment, more frequent diagnostics, and a growing pet population and expenditure. Additionally, the region boasts a significant number of clinics staffed by licensed veterinarians, further supporting market growth.

Key Market Players

Merck Animal Health
Zoetis Animal Health
Becton Dickinson & Co Ltd
Boehringer Ingelheim International Gmbh
Trividia Health, Inc.
Allison Medical, Inc.
Ultimed, Inc.
ACON Laboratories, Inc.
I-SENS, Inc.
Taidoc Technology Corporation

Report Scope:

In this report, the Global Pet Diabetes Care Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below.

Pet Diabetes Care Market, By Product:

Dogs
Cats
others

Pet Diabetes Care Market, By Solution:

Treatment
Insulin Therapy
Insulin Delivery Devices
Others

Pet Diabetes Care Market, By Distribution Channel:

Veterinary Hospitals & Clinics
Retail Pharmacies
Others

Global Pet Diabetes Care Market, By region:

North America
United States
Canada
Mexico
Asia-Pacific
China
India
South Korea
Australia
Japan
Europe
Germany
France
United Kingdom
Spain
Italy
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Pet Diabetes Care Market.

Available Customizations:

Global Pet Diabetes Care Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Pet Diabetes Care Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Animal Type (Dogs, Cats, others)
- 5.2.2. By Solution (Treatment, Insulin Therapy, Insulin Delivery Devices, other)
- 5.2.3. By Distribution Channel (Veterinary Hospitals & Clinics, Retail Pharmacies, others)
- 5.2.4. By Company (2022)
- 5.2.5. By Region
5.3. Market Map

6. North Pet Diabetes Care Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Animal Type
- 6.2.2. By Solution
- 6.2.3. By Distribution Channel
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Pet Diabetes Care Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Animal Type
    - 6.3.1.2.2. By Solution
    - 6.3.1.2.3. By Distribution Channel
- 6.3.2. Mexico Pet Diabetes Care Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Animal Type
    - 6.3.2.2.2. By Solution
    - 6.3.2.2.3. By Distribution Channel
- 6.3.3. Canada Pet Diabetes Care Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Animal Type
    - 6.3.3.2.2. By Solution
    - 6.3.3.2.3. By Distribution Channel

7. Europe Pet Diabetes Care Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Animal Type
- 7.2.2. By Solution
- 7.2.3. By Distribution Channel
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. France Pet Diabetes Care Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Animal Type
    - 7.3.1.2.2. By Solution
    - 7.3.1.2.3. By Distribution Channel
- 7.3.2. Germany Pet Diabetes Care Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Animal Type
    - 7.3.2.2.2. By Solution
    - 7.3.2.2.3. By Distribution Channel
- 7.3.3. United Kingdom Pet Diabetes Care Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Animal Type
    - 7.3.3.2.2. By Solution
    - 7.3.3.2.3. By Distribution Channel
- 7.3.4. Italy Pet Diabetes Care Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Animal Type
    - 7.3.4.2.2. By Solution
    - 7.3.4.2.3. By Distribution Channel
- 7.3.5. Spain Pet Diabetes Care Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Animal Type
    - 7.3.5.2.2. By Solution
    - 7.3.5.2.3. By Distribution Channel

8. Asia-Pacific Pet Diabetes Care Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Animal Type
- 8.2.2. By Solution
- 8.2.3. By Distribution Channel
- 8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Pet Diabetes Care Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Animal Type
    - 8.3.1.2.2. By Solution
    - 8.3.1.2.3. By Distribution Channel
- 8.3.2. India Pet Diabetes Care Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Animal Type
    - 8.3.2.2.2. By Solution
    - 8.3.2.2.3. By Distribution Channel
- 8.3.3. South Korea Pet Diabetes Care Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Animal Type
    - 8.3.3.2.2. By Solution
    - 8.3.3.2.3. By Distribution Channel
- 8.3.4. Japan Pet Diabetes Care Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Animal Type
    - 8.3.4.2.2. By Solution
    - 8.3.4.2.3. By Distribution Channel
- 8.3.5. Australia Pet Diabetes Care Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Animal Type
    - 8.3.5.2.2. By Solution
    - 8.3.5.2.3. By Distribution Channel

9. South America Pet Diabetes Care Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Animal Type
- 9.2.2. By Solution
- 9.2.3. By Distribution Channel
- 9.2.4. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Pet Diabetes Care Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Animal Type
    - 9.3.1.2.2. By Solution
    - 9.3.1.2.3. By Distribution Channel
- 9.3.2. Argentina Pet Diabetes Care Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Animal Type
    - 9.3.2.2.2. By Solution
    - 9.3.2.2.3. By Distribution Channel
- 9.3.3. Colombia Pet Diabetes Care Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Animal Type
    - 9.3.3.2.2. By Solution
    - 9.3.3.2.3. By Distribution Channel

10. Middle East and Africa Pet Diabetes Care Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. B By Animal Type
- 10.2.2. By Solution
- 10.2.3. By Distribution Channel
- 10.2.4. By Country
10.3. MEA: Country Analysis
- 10.3.1. South Africa Pet Diabetes Care Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Animal Type
    - 10.3.1.2.2. By Solution
    - 10.3.1.2.3. By Distribution Channel
- 10.3.2. Saudi Arabia Pet Diabetes Care Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Material
    - 10.3.2.2.3. By Product
    - 10.3.2.2.4. By Application
    - 10.3.2.2.5. By Distribution Channel
    - 10.3.2.2.6. By End User
- 10.3.3. UAE Insulin Pet Diabetes Care Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Animal Type
    - 10.3.3.2.2. By Solution
    - 10.3.3.2.3. By Distribution Channel

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions

13. PESTLE Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product

15. Competitive Landscape

15.1. Business Overview
15.2. Company Snapshot
15.3. Products & Services
15.4. Financials (In case of listed companies)
15.5. Recent Developments
15.6. SWOT Analysis
- 15.6.1. Merck Animal Health
- 15.6.2. Zoetis Animal Health
- 15.6.3. Becton Dickinson & Co Ltd
- 15.6.4. Boehringer Ingelheim International Gmbh
- 15.6.5. Trividia Health, Inc.
- 15.6.6. Allison Medical, Inc.
- 15.6.7. Ultimed, Inc.
- 15.6.8. ACON Laboratories, Inc.
- 15.6.9. I-SENS, Inc.
- 15.6.10. Taidoc Technology Corporation