Pet Wearable Market: Global Analysis, Opportunities And Forecast To 2032

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Pet Wearable Market 2023-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• Pet Wearables Market is anticipated to grow
  considerably through 2032, owing to a surge in
  pet adoption across the globe. An increasing
  number of pets has impelled the demand for
  advanced monitoring tracking devices,
  especially across North America. Pet wearable
  devices help control and track the movement of
  companion animals. Besides, modern devices work
  as animal translators, help to analyze pet
  manners, needs, and moods, and enhance the
  relationship between pet and owner.
• Based on the product, the smart vest segment is
  anticipated to grow considerably through 2032.
  Smart vests are being increasingly used by pet
  owners to enhance pet safety. They also offer a
  range of features that empower owners to track
  their pet's activity levels, such as their
  exercise, sleep, and rest patterns.
• By technology, the GPS segment has been gaining
  massive momentum over the past few years. GPS
  trackers help detect the real-time location of
  the pet. Besides, an increasing number of
  innovative smart collars integrated with GPS
  trackers are now available at reasonable prices,
  which is anticipated to spur its adoption in the
  coming future.

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• Considering the application, the medical
  diagnosis treatment segment held over 20
  market share in 2022. Increasing pet ownership
  and rising awareness regarding the health and
  fitness of pets will drive the adoption of
  advanced pet wearables for medical diagnosis and
  treatment during the estimated timeframe.
• In terms of end-use, the commercial segment is
  expected to grow positively during 2023-2032.
  Increasing adoption of pet wearables for horses
  and livestock for analyzing and monitoring their
  fitness and health in commercial applications
  will support the segmental growth. Besides, these
  devices offer a range of integrated GPS equipment
  for livestock, aiding detection of predator
  activity health conditions.

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• Regional Analysis

Europe pet wearables market will grow at over 10
CAGR through 2032. The regional growth will come
from the increasing trend of pet adoption among
the baby boomer generation and young millennials,
fueled by the quick pace of social and economic
change. Moreover, as younger generation of
professionals become more solitary, a high demand
for the pet wearable devices in the region would
escalate the market dynamics in the near future.

• Competitive Analysis

• Wagz, Inc., Whistle Labs (Mars Incorporated),
  Tractive, Scollar, Inc., Petcube, Inc., PetPace
  LLC, Nedap NV, Loc8tor, Ltd., IceRobotics Ltd.
  (Peacock Technology), Halo Collar, Garmin
  International, Inc., Fitbark, Inc., Dogtra, and
  Afimilk Ltd

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