Pet Wearable Market Size Advancement, Target Audience, Growth Prospects and Segmentation and Forecast 2020-2030
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23 Dec 2022 06:08:05 pm.
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The animal healthcare industry is rapidly changing with advancements in wearable technology. Pet wearables are devices that can be worn by animals, and can be used to monitor and track their location and activities. The factors that contribute to the growth of pet wearable market include the increased awareness among the people to promote a healthy lifestyle for their pets by using wearable devices. Pet wearable devices help consumers to gather data from wearable devices analysis. Pet wearable devices are highly popular among the consumers in North America; thus, these witness a high rate of adoption, resulting in the highest Pet Wearable Market Size in this region.
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Key Players
The key players in the Pet Wearable Market Size are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are FitBark Inc. (US), Indiegogo Inc. (US), Tractive GmbH (Austria), Loc8tor Ltd (UK), PawTrax Limited (UK), Dairymaster USA Inc. (US), Whistle Labs Inc. (US), Afimilk Ltd (Israel), IceRobotics, Ltd (UK), and PetPace LLC (US). These players contribute significantly to market growth.
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Pet Wearable Market Segment Overview
According to the global report, it has been detected that the overall segmentation of the Pet Wearable Market has been based upon the region, application and the technological products. Hence, this states that the product of the pet wearable has been aligned in the smart collar, small harness, and smart vest. Apart from that, it has been addressed that the technological application of this particular device has been mainly forecasted on the RFID, GPS and Bluetooth. Hence, the segmentation of the region has been well adverse and it mainly distributes in Europe, North America and Asia Pacific as well. However, the application has relied upon the identification of the fitness monitoring, tracking and behavioral treatment along with the medical diagnosis of the treatment.
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Pet Wearable Market Regional Analysis
The market for pet wearable is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of pet wearable market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America is expected to dominate the pet wearable market in terms of revenue generation during the forecast period. The market growth in North America can also be accounted to the higher concentration of companies providing tracking devices and mobile applications for monitoring and tracking pets. Moreover, increased awareness about animal health and medical attention in North America is also boosting the market growth. Asia-Pacific has experienced an increase in pet ownership over the last five years. This has increased the overall demand for smart pet wearable devices for tracking and monitoring the health of pets. The consumer market in Asia-Pacific is highly dominating and is also expected to grow at a rapid pace with the increase in the number of pet ownership, which subsequently creates the demand for wearable devices for pets.
Tags: Pet Wearable Market Size
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