Pet Wearables Market: Medical Diagnosis & Treatment Is Projected To Witness Growth At A CAGR Exceeding 15% From 2022 To 2030
Pet Wearable Industry Overview The global pet wearable market size is expected to reach USD 6.88 billion by 2030, registering a CAGR of 14.3% over the forecast period, according to a study conducted by Grand View Research, Inc. With the proliferation of mobile technology and electronic manufacturers experimenting with wearable technology, the market has witnessed tremendous growth. This is only the beginning of the wearable revolution, and the market is anticipated to witness healthy growth over the coming years. The market is expected to witness optimistic days in the future, owing to the spending by pet owners driven by emotional motives such as increasing emotional attachment as well as dependence on the pets for entertainment, companionship, and mental well-being. Awareness among pet owners concerning their well-being is creating avenues for market growth. Further, an increase in the number of pet owners and the need to track their activity in real-time wi...
Comments
Post a Comment