Pet Diabetes Care Market Size, Share, Trends, Overview 2022

The global pet diabetes care market size was valued at USD 2,125.7 million in 2021 and is poised to grow at a significant CAGR of 7.0% during the forecast period 2022-28. The primary driver of the expansion of the global pet diabetes care market includes the increasing number of animals developing diabetes and having inappropriate biological reactions, rising demand for diabetic care devices as lifestyle-related illnesses become more prevalent and growing costs for pet healthcare. Glucose monitoring devices segment is expected to account for a larger revenue share in the global pet diabetes care market, with a value share worldwide due to firms releasing equipment for pet diabetes care and an increase in the diagnostic rate for diabetic pets. The major players have introduced specific pet glucose monitoring devices as human glucometers don't provide accurate readings for animal blood sugar levels.