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Pet Wearable Market Size
- Report ID: GMI151
- Published Date: Feb 2023
- Report Format: PDF
Pet Wearable Market Size
Pet Wearable Market size valued at USD 3 billion in 2022 and is anticipated to register over 10% CAGR between 2023 and 2032, on account of an increase in the number of pet tech solution manufacturers.
The pet humanization trend has led to a greater increase in demand for advanced devices from pet parents. Scientific innovations are leading to the introduction of smart wearables to accurately monitor and promote the well-being of pets worldwide. These devices can support the early detection of diseases and behavioral issues. The collected data from these wearables can also warn pet owners regarding stress and other existing medical condition. The rise in the number of pet tech startup companies will therefore contribute to product usage over the estimated timeline.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Pet Wearable Market Size in 2022: | USD 3 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 15 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 480 |
| Segments covered: | Product, Technology, Application, End-Use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The pet industry continues to gain traction, especially in Spain, the UK, France, Poland, and other European countries. Over the years, the preference for GPS-based wearable medical devices has surged to track pet activity and maintain security, thereby creating lucrative opportunities for the market expansion. However, the lack of awareness regarding advanced wearable technologies and economic constraints may limit the production of pet wearable devices to a certain extent.
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Pet Wearable Market Scope
