According to the latest report by IMARC Group, titled “Pet Wearable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global pet wearable market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 13% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Pet wearables refer to devices that comprise sensors to monitor various activities of pets. Some of the most commonly used wearable products include smart vest, collar and harness that are integrated with numerous advanced technologies, such as global positioning system (GPS) and radio-frequency identification (RFID). Apart from being used by pet parents for tracking, identification and controlling the movement of their pets, these devices are used to record their health metrics, including pulse, respiration, food intake, body temperature and rest patterns, that assist in efficient medical diagnosis and treatment.
Market Trends and Drivers:
The pet wearable market is primarily driven by the rising trend of pet humanization across the globe. This, coupled with the inflating disposable income levels of individuals, has led numerous pet owners to adopt these wearables to monitor the well-being of their pets. There has also been an increasing need to track their real-time location due to the rising cases of lost and stolen pets, thereby creating an escalating demand for advanced pet wearables that are equipped with GPS and Wi-Fi-enabled RFID technology. These variants are widely being integrated with cloud-based and data analytics solutions to offer innovative feature to the users. This, in turn, is creating a positive outlook for the market further.
Pet Wearable Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the pet wearable market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- PetPace Ltd.
- FitBark Inc.
- Motorola (Lenovo)
- Whistle Labs Inc. (Mars Inc.)
- Cybortra Technology Co. Ltd.
- Garmin Ltd.
- High Tech Pet Products Inc.
- Loc8tor Ltd.
- Invisible Fence Inc. (Radio Systems Corporation)
Key Market Segmentation:
The report has segmented the global pet wearable market on the basis of product, technology, application, end user, distribution channel and region.
Breakup by Product:
- Smart Collar
- Smart Vest
- Smart Harness
- Smart Camera
- Others
Breakup by Technology:
- GPS
- RFID
- Sensor
- Others
Breakup by Application:
- Identification and Tracking
- Monitoring and Control
- Medical Diagnosis and Treatment
- Facilitation, Safety and Security
Breakup by End-User:
- Household
- Commercial
Breakup by Distribution Channel:
- Modern Trade
- Franchised Outlets
- Specialty Stores
- E-Commerce
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/pet-wearable-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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According to IMARC Group’s latest report, titled “Pet Wearable Market Size, Trends, Share, Demand, Growth, Opportunity and Forecast 2020-2025”, the global pet wearable market grew at a CAGR of around 15% during 2014-2019.
Looking forward, IMARC Group expects the global market to continue its moderate growth during 2020-2025.Pet wearables refer to devices that comprise sensors to monitor various activities of pets.
Some of the most commonly used wearable products include smart vest, collar and harness that are integrated with numerous advanced technologies, such as global positioning system (GPS) and radio-frequency identification (RFID).
Apart from being used by pet parents for tracking, identification and controlling the movement of their pets, these devices are used to record their health metrics, including pulse, respiration, food intake, body temperature and rest patterns, that assist in efficient medical diagnosis and treatment.The pet wearable market is primarily driven by the rising trend of pet humanization across the globe.
This, coupled with the inflating disposable income levels of individuals, has led numerous pet owners to adopt these wearables to monitor the well-being of their pets.
There has also been an increasing need to track their real-time location due to the rising cases of lost and stolen pets, thereby creating an escalating demand for advanced pet wearables that are equipped with GPS and Wi-Fi-enabled RFID technology.
KD Market Insights added a title on “Global Pet Wearable Market – 2019-2025” to its collection of market research reports.
The research report study on the global Pet Wearable market outlines the analysis of all the inclusive segments, along with the market size, Y-O-Y growth analysis & structure of the overall industry.
The study also includes the analysis of prominent players and also covers the new market players, including all the information suitable for the clients to make strategic business decisions in the industry.The market research report on global Pet Wearable market includes the section of market dynamics which is divided into market growth factors, trends, opportunities, and barriers that defines the current behaviour & future status of the market.
Along with this, the research report also covers the facts & figures related to the macroeconomic trends that are expected to impact the growth of the market.The report covers PESTLE analysis and porter’s five forces analysis which demonstrates the five forces including buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Pet Wearable market.
In the study, the framework of porter's five forces analysis explains the method for analysing the competition of the business covering the industry structure & the level of competition in the market.Access Sample Report of “Pet Wearable Market” – https://www.kdmarketinsights.com/sample/1722Insights Covered in the Market Research Report on Global Pet Wearable MarketAnalysis of the global market and its assessments regarding the market growth at each level are included.The impact analysis of coronavirus disease on the global Pet WearableDetailed information about each region & countries, in order to identify the issues caused by the COVID-19 disease on the industry.Market forecast & Y-o-Y growth rate estimation of different segments and sub-segments of the marketSection of market dynamics including leading growth factors, challenges, industry trends and opportunities in the marketAnalyze the strategies of major & prominent players which will help the clients to make better understanding of the marketComprehensive analysis of government policies & funding on new growth avenues in order to tackle the market barriers & threats Browse Full Report of “Pet Wearable Market” – https://www.kdmarketinsights.com/product/1722/pet-wearable-market-2017Market Segmentation:By Technology By technology, the pet wearable market has been analyzed into RFID, GPS, sensors, others.
RFID segment captured a significant portion of market share in 2019.By Pet Type Based on pet type, the pet wearable market is segmented into dog, cat and others.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
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The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
