Dublin, June 14, 2024 (GLOBE NEWSWIRE) — The “Global Pet Blood Pressure Monitoring Devices Market Size, Share, Trends Analysis Report (Animal Type, Product (Devices, Consumables), Measurement Type, Modality, Technology, End Use, Region, Segment Forecast, 2024-2030)” report has been published by ResearchAndMarkets.com Recruitment.
The global pet blood pressure monitoring devices market is expected to reach USD 198.15 million by 2030, growing at a CAGR of 6.74% from 2024 to 2030. Rising incidence of hypertension in pets and increased spending on and humanization of pets are the major growth drivers for this market.
Hypertension in pets is on the rise, and obesity, primarily the result of a sedentary lifestyle and poor eating habits, is its main precursor. Many commercial pet foods have high sodium content, which can lead to increased blood volume and water retention. Additionally, lack of exercise affects blood pressure (BP) regulation and cardiovascular health, exacerbating the problem, especially in indoor or confined pets. Certain dog breeds, such as Spitz, Shih Tzu, and Yorkshire Terrier, are genetically predisposed to hypertension, but external stressors can cause a gradual increase in blood pressure.
Another driving factor for the market is the increasing spending on pet health. According to an article published by Forbes Advisor in 2024, pet owners spend approximately $1,533 per year on their pets. Of this, veterinary medical expenses are estimated to be approximately $680 per year. Furthermore, a 2023 survey by Alltech revealed that US pet owners spend approximately $1,200 on their pets. The analysis also revealed that approximately 90% of pet owners place special emphasis on proactively conducting health checks for their pets.
These aspects show how much pet owners value their pets’ health. Considering the high expenditure on veterinary treatment and the emphasis on health evaluation, it is clear that there is a demand for comprehensive pet healthcare solutions. The market for pet blood pressure monitors will directly benefit from this trend as pet owners seek innovative diagnostic devices to put more emphasis on their pets’ health. Increasing annual expenditure on pets means a willingness to spend on healthcare expenditure, leading to an increased adoption of blood pressure monitors, which are becoming increasingly mainstream not only in veterinary facilities but also in home care settings.
Pet Blood Pressure Monitoring Devices Market Report Highlights
- Based on animal type, the dog segment dominated the market with over 52% share in 2023, owing to the growing popularity of pet ownership across the globe and owners taking proactive measures for their pets’ health.
- In terms of product, the devices segment accounted for the largest market share in 2023, owing to the increasing demand for devices that can perform multiple functions such as measuring, delivering, and recording data such as blood pressure, body temperature, blood oxygen saturation, etc.
- By measurement type, the non-invasive (NIBP) segment was to account for the largest market share of over 64% in 2023. This is attributed to the fact that this method is more widely adopted than invasive (arterial) measurements.
- Based on modality, the portable segment was to account for the largest market share of over 67% in 2023. This is owing to the convenience, cost-effectiveness, and portability offered by these devices.
- By technology, the automated segment, owing to its accuracy and speed of results, was expected to hold the largest market share in 2023, and maintained the fastest CAGR during the forecast period.
- Based on end use, the veterinary hospitals segment was to account for the largest market share of over 51% in 2023, as it is the primary hub for providing pet consultation and care.
- Based on region, North America will hold the largest share, accounting for more than 34% of the global market in 2023. This growth is attributed to the well-established veterinary healthcare infrastructure in the region and widespread awareness among pet owners regarding regular health monitoring of their pets.
- Factors such as increase in pet adoption and ownership worldwide, growing risk of hypertension in pets, increasing spending on pet health care, and increasing support activities are expected to drive the market growth.
Key attributes:
| Report Attributes | detail |
| number of pages | 180 |
| Forecast Period | 2023 – 2030 |
| Estimated market value in 2023 (USD) | $126.19 million |
| Market value forecast to 2030 (USD) | $198.15 million |
| Compound Annual Growth Rate | 6.7% |
| Target area | global |
Key topics:
Chapter 1 Research Methodology and Scope
Chapter 2 Overview
2.1. Market outlook
2.2. Outlook by segment
2.3. Competitive Insights
Chapter 3. Pet Blood Pressure Monitoring Devices Market Variables, Trends and Scope
3.1. Market System Outlook
3.2. Market Trends
3.3. Pet Blood Pressure Monitoring Devices Market Analysis Tool
Chapter 4. Pet Blood Pressure Monitoring Devices Market: Animal Type Estimation and Trend Analysis
4.1. Segment Dashboard
4.2. Global pet blood pressure monitoring device market trends analysis
4.3. Pet Blood Pressure Monitoring Devices Market Size and Trend Analysis, by Animal Type, 2018-2030 (USD Million)
Dogs
Cats
Other
Chapter 5. Pet Blood Pressure Monitoring Devices Market: Product Forecast and Trend Analysis
5.1. Segment Dashboard
5.2. Global pet blood pressure monitoring device market trends analysis
5.3. Pet Blood Pressure Monitoring Devices Market Size and Trend Analysis, by Product, 2018-2030 (USD Million)
Devices
5.3.1.1. Market estimates and forecasts, 2018-2030 (USD Million)
5.3.1.2. Multi-parameter monitor
5.3.1.3. Blood Pressure Monitoring Devices
Consumables
6. Pet Blood Pressure Monitoring Devices Market: Measurement Type Estimation and Trend Analysis
6.1. Segment Dashboard
6.2. Global pet blood pressure monitoring device market trends analysis
6.3. Pet Blood Pressure Monitoring Devices Market Size and Trend Analysis, Measurement Type, 2018-2030 (USD Million)
6.3.1. Non-invasive (NIBP)
6.3.2. Invasive (arterial)
Chapter 7. Pet Blood Pressure Monitoring Devices Market: Modality Estimation and Trend Analysis
7.1. Segment Dashboard
7.2. Global Pet Blood Pressure Monitoring Devices Market Trend Analysis
7.3. Pet Blood Pressure Monitoring Devices Market Size and Trends Analysis, by Modality, 2018-2030 (USD Million)
7.3.1. Benchtop
Portable
Chapter 8 Pet Blood Pressure Monitoring Devices Market: Technology Forecast and Trend Analysis
8.1. Segment Dashboard
8.2. Global Pet Blood Pressure Monitoring Devices Market Trend Analysis
8.3. Pet Blood Pressure Monitoring Devices Market Size and Trend Analysis, by Technology, 2018-2030 (USD Million)
8.3.1. Aneroid
Automatic
Chapter 9. Pet Blood Pressure Monitoring Devices Market: End Use Estimation and Trend Analysis
9.1. Segment Dashboard
9.2. Movement Analysis
9.3. Pet Blood Pressure Monitoring Devices Market Size and Trend Analysis by End Use, 2018-2030 (USD Million)
9.3.1. Veterinary Clinic
9.3.2. Veterinary Clinics
9.3.3. Other end uses
Chapter 10. Pet Blood Pressure Monitoring Devices Market: Regional Estimates and Trend Analysis by Animal Type, Product, Measurement Type, Modality, Technology and End Use
10.1. Regional Dashboard
10.2. Market size, forecast and trend analysis, 2018 to 2030
Chapter 11 Competitive Environment
11.1. Classification of Market Participants
11.2. Participant Profile
11.3. Financial Performance
11.4. Product Benchmarks
11.5. Market position analysis in 2023 (Heat Map Analysis)
11.6. Strategy Mapping
11.7. Company Profile
- Suntech Medical
- Contec Medical Systems Co., Ltd.
- Too Too Meditech Co., Ltd.
- NewGen Medical
- Cardio Command Inc.
- Pan Lab, SLU
- Baxter (Hillrom)
- KeeboVet Veterinary Ultrasound Machine
- AD Instruments
- Mindray Biomedical Electronics (Mindray Animal Care)
- Midmark Co., Ltd.
For more information on this report, please visit: https://www.researchandmarkets.com/r/cv3ryb
About ResearchAndMarkets.com
ResearchAndMarkets.com is a leading global source of international market research reports and market data providing the latest information on international markets, regional markets, key industries, top companies, new products and latest trends.
-
Global Pet Blood Pressure Monitoring Device Market
