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Pet Wearable Market Research Report, Industry Size, Share, Demand, Latest Study, Growth Analysis & Forecast From 2020 To 2027

The global pet wearable market size is estimated to reach USD 4.6 billion by 2027, registering a CAGR of 14.3% over the forecast period, according to a study conducted by Radiant Insights, Inc. Increasing concerns toward companion animals’ health and wellbeing, coupled with rising pet humanization and population, is anticipated to be the key factor driving the growth of the market over the forecast period. In addition, increasing expenditure on pet consumables and rising demand for identification and tracking devices are some of the key factors driving the market growth.

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According to the American Pet Products Association (APPA), the expenditure on companion animals in U.S. is expected to be USD 72.1 billion in 2018. Several advancements in technology is expected to lead to an increased demand for these wearables over the forecast period. Wearables are capable of continuously tracking health-related parameters such as body temperature, calorie intake, and Heart Rate Variability (HRV). Moreover, sensor technology is integrated into wearable devices to monitor and measure health metrics such as heart rate and respiration levels. It also enables pet owners to check disease symptoms, store medical records in the cloud, and set goals and reminders.

Moreover, growing reliance on pets for companionship, mental wellbeing, fitness, and entertainment has led to an increased spending on companion animals. The availability of advanced technology-based devices to monitor health by gathering vital information is expected to drive the pet wearable market growth. Furthermore, increasing adoption of companion animals in emerging economies such as India and China would offer several opportunities for market growth in the Asia Pacific region over the forecast period. On the other hand, North America dominated the global market in 2019 owing to the increasing awareness of the importance of pet health. Moreover, high penetration of fitness and activity monitoring devices and increased spending on companion animals is anticipated to drive the regional market growth.

Key industry players include Allflex USA Inc.; Avid Identification Systems, Inc.; Datamars; Fitbark; Garmin Ltd., Intervet Inc.; Invisible Fence; and Konectera Inc. Key players in the market focus on research and development activities to develop innovative products to expand their product offerings. In addition, companies adopt strategies such as collaborations, expansions, and acquisitions to strengthen their position in the global market.

Further key findings from the study suggest:

• The RFID segment dominated the market with a share of 39.9% in 2019, as RFID technology is considered more accurate and reliable, and helps authenticate products and store information

• The identification and tracking segment dominated the market in 2019 and is projected to reach USD 2.8 billion by 2027 as tracking wearable devices can play a significant role in finding lost or stolen pets

• The Asia Pacific pet wearable market is estimated to register the highest CAGR of over 17.0% from 2020 to 2027 owing to increasing awareness regarding pet fitness and health in countries such as India and Australia

• Key industry players include PetPace LLC; Whistle Labs, Inc.; Tractive; Garmin International, Inc.; and FitBark.

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Information Procurement
1.4 Purchased Database
1.4.1 Radiant Insights, Inc. internal database
1.5 Research Methodology
1.6 Research Scope and Assumptions
1.7 Region/Country-Wise Market Calculation
1.7.1 Region/country-wise market: Base estimates
1.7.2 Region/country-wise market: CAGR calculation
1.7.3 Region/country-wise market: Segment share calculation
1.8 List of Primary Sources
1.9 List of Secondary Sources
1.10 List of Abbreviations

Chapter 2 Executive Summary

Chapter 3 Market Snapshot
3.1 Pet wearable – Market snapshot and key buying criteria, 2016 – 2027
3.1.1 Global pet wearable market, 2016 – 2027
3.1.2 Global pet wearable market, by region 2016 – 2027 (USD Million)
3.1.3 Global pet wearable market, by technology 2016 – 2027 (USD Million)
3.1.4 Global pet wearable market, by application 2016 – 2027 (USD Million)

Chapter 4 Pet Wearable Industry Outlook
4.1 Market Segmentation
4.2 Pet wearable – Market Size and Growth Prospects
4.3 Pet wearable – Value Chain Analysis
4.3.1 Case Study IoT Use Case (Pet tracking) NB-IoT ecosystem Target Industries for NB-IoT Services IOT based pet health monitoring solution Use of smart phone connected wearable to help pets shed extra weight
4.3.2 Vendor Landscape Key wearable component vendors Investor for pet technology (wearables and hardware) companies Pet Insurance Companies’ Insights
4.4 Market Dynamics
4.4.1 Market driver analysis Rising adoption and expenditure on medical diagnosis Increasing demand for GPS-based microchips Rapid growth in tagging and heat detection systems
4.4.2 Market restraint analysis Lack of wireless framework in developing countries High power consumption and procurement costs
4.5 Industry Analysis – Porter’s
4.6 Penetration and Growth Prospect Mapping
4.7 Pet wearable – Key Company Analysis, 2019
4.8 Mobile application and PC-based software landscape
4.8.1 Whistle
4.8.2 FitBark
4.8.3 Voyce (i4C Innovations)
4.9 Pet wearable – PEST Analysis


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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States


Published by Sunil Rathod

We publish complete research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.

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