Healthcare Insights

Pet Mobility Aids Market will be Worth Nearly $ 3.8 Billion By 2032

The global pet mobility aids market was valued at USD 1.83 billion in 2022 and it is predicted to surpass around USD 3.8 billion by 2032 with a CAGR of 7.58% from 2023 to 2032.

Key Pointers

The pet mobility aids market stands as a testament to the evolving landscape of care and compassion for our beloved animal companions. This overview delves into the key facets of this market, offering insights into the driving factors, market dynamics, and the pivotal role played by key industry players.

Market Growth

In the dynamic landscape of the pet mobility aids market, several key growth factors contribute to its expanding trajectory. Primarily, the heightened awareness and deepening concern for pet welfare act as a powerful catalyst, prompting pet owners to seek effective solutions for enhancing the mobility and overall well-being of their beloved companions. Advances in veterinary medicine and technology constitute another pivotal factor, driving continuous innovation in the development of tailored mobility aids. The market’s responsiveness to evolving consumer needs and preferences, coupled with a commitment to research and development, further fuels its growth. Additionally, the strengthening bond between humans and their pets propels the demand for sophisticated and compassionate solutions, creating a conducive environment for sustained expansion in the pet mobility aids market. As these growth factors interplay, the market is poised to witness continued advancements, ensuring that pets facing mobility challenges experience an improved quality of life.

Get a Sample: https://www.visionresearchreports.com/report/sample/41031

Report Scope of the Pet Mobility Aids Market

Report Coverage Details
Market Revenue by 2032 USD 3.8 billion
Growth Rate from 2023 to 2032 CAGR of 7.58%
Revenue Share of North America in 2022 42%
Base Year 2022
Forecast Period 2023 to 2032
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)

Market Dynamics

Drivers

Restraints

Opportunities

Pet Type Insights

The dogs segment held the largest revenue share of 42% in 2022. This high percentage can be attributed to the increasing adoption of dogs as pets, humanization of pets, technological advancements, and rising disposable incomes. This growth is further fueled by an aging dog population, increasing awareness of pet mobility aids, a diverse product range, expanding veterinary expertise, and a focus on preventive care. Furthermore, dogs are known to be common animals adopted for companionship and comfort. In 2022, according to the American Pet Products Association, 64 million U.S. households adopted dogs as pets. Hence, medical issues like arthritis, degenerative myelopathy, intervertebral disc disease, canine hip dysplasia, and cruciate and knee injuries, accidents, and medical procedures are expected to rise.

The cats segment is expected to register the fastest CAGR during the forecast period. Growing humanization of cats, the aging cat population, technological advancements in feline mobility devices, increased awareness, veterinary expertise, focus on preventive care, and strong emotional attachment drive the demand for pet mobility aids for cats. Moreover, cats are prone to injuries such as broken bones, sprains, muscle strains, arthritis, obesity, and neurological disorders such as degenerative myelopathy, feline lower urinary tract disease (FLUTD), and cerebellar hypoplasia require mobility aids and thus contributing to the market.

Product Insights

Wheelchairs segment accounted for the largest revenue share in 2022. The growth of the wheelchairs segment in the market can be attributed to several factors. Wheelchairs, specifically designed for pets, address various mobility issues, providing support and assistance to animals with hind limb weakness, paralysis, or other mobility challenges. These devices offer a practical and effective solution to enhance a pet’s mobility and overall quality of life. The versatility and adaptability of pet wheelchairs, catering to various sizes and breeds, contribute to their widespread adoption. Furthermore, presence of pets with several medical issues, such as degenerative myelopathy, hip dysplasia, amputation, intervertebral disc disease (IVDD), amputation, and post-surgical recovery require assistance with mobility. These are some of the conditions that cause extreme pain for dogs while walking.

Splints & Braces segment is expected to register the fastest CAGR during the forecast period. The demand for leg braces is growing because of pain or discomfort in walking, loss of agility or coordination, limping or an altered gait, and ease of use and availability of splints and braces in the market. Leg braces and splints reduce pain during physical activity by offering additional comfort and support for the legs.

Distribution Channel Insights

Veterinary hospitals & clinics distribution channel segment led the market in 2022. This is attributable to the rising pet adoption rates, increasing awareness about animal healthcare, and rising pet insurance. This increase in pet insurance enrollment is expected to contribute to the increasing demand for the veterinary hospitals & clinics segment, as it offers financial convenience to pet owners. Veterinary hospitals & clinics act as crucial distribution channels and recommendation places. These hospitals & clinics are essential for pet healthcare and often suggest or prescribe mobility aids for pets with mobility challenges. Veterinary professionals provide expert guidance, aiding pet owners in selecting suitable aids based on individual needs. Serving as points of purchase, these clinics enhance market accessibility and promote awareness about the benefits of pet mobility aids.

The e-commerce sector is projected to witness the highest growth rate over the forecast period. The e-commerce segment provides a convenient and extensive platform, offering a diverse range of pet mobility aids. This platform enables pet owners to make informed decisions through product comparisons, reviews, and detailed descriptions. The global reach of e-commerce allows access to various brands and products, promoting competition. The convenience of doorstep delivery makes e-commerce a preferred choice, particularly for those with limited access to physical stores. Hence, many players have their own e-commerce platforms and are present on several other e-commerce platforms. For instance, companies such as Amazon, Flipkart, and Etsy offer numerous pet mobility aid products of several brands on their e-commerce platforms.

Regional Insights

North America dominated the market with the market share of 42% in 2022. The growth is attributed to rising pet ownership rates, increased awareness among pet owners, advanced veterinary care facilities, a rising incidence of pet health issues, the presence of leading pet mobility aids manufacturers, and rising awareness of pet health insurance. Moreover, the humanization of pets trend, where pets are treated as family members, contributes to a growing willingness among pet owners to invest in products that improve the well-being of their pets, including mobility aids. Furthermore, the strong presence of companies offering various pet mobility aid products in the U.S. is contributing to the region’s market. Some key players include Bionic Pets LLC, Animal Ortho Care, Walkin’ Pets, Petsthetics, and Best Friend Mobility.

Asia Pacific is anticipated to witness significant growth in the market. The rising trend of pet ownership, increasing disposable income, and changing lifestyles in countries like China, Japan, and India contribute to a growing demand for pet products and services. In addition, the evolving awareness about pet health and a shift towards providing better care to pets are driving the adoption of pet mobility aids in the region. Moreover, there is a rising interest in enhancing the quality of life for pets, including addressing mobility challenges. Furthermore, the increasing number of startups and companies in India catering the pet mobility issues is expected to contribute to the region’s market growth. The expanding pet care industry, along with a surge in veterinary services and product availability, contributes to the rapid growth of the Asia Pacific region in the market.

Key Companies

Recent Developments

Pet Mobility Aids Market Report Segmentations:

By Pet Type

By Product

By Distribution Channel

By Region

Buy this Premium Research Report@ https://www.visionresearchreports.com/report/checkout/41031

You can place an order or ask any questions, please feel free to contact sales@visionresearchreports.com| +1 650-460-3308

Blog: https://www.novaoneadvisor.com/

Web: https://www.visionresearchreports.com/

Exit mobile version