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Asia Pacific Pet Wearable Market Revenue to Exceed USD 1 Billion by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Rising demand for pet health monitoring is impacting Asia Pacific pet wearable market trends. Pet adoption significantly increased during the COVID-19 pandemic, with more individuals having the time to care for a pet and wanting a companion. All pet care items, from pet meals to pet toys to pet pharmaceuticals, naturally extended their consumer base. As pet ownership is a long-term commitment, the pet care market is expected to grow through the near future. With a wide selection of innovative pet wearable devices permeating the landscape, Asia Pacific pet wearable market size is projected to reach the valuation of $1 billion by 2027. The industry is characterized by R&D operations, which might result in a significant influx of hi-tech products on the market. Location monitoring is an important feature that is quickly becoming popular among consumers. Asia Pacific pet wearable market share from GPS enabled devices will garner significant traction between 2021-2027. Manufacturers are incorporating sensors into their devices, allowing pet owners to follow their pets' activity via cellphones. GPS-enabled wearable gadgets help in the recovery of lost or stolen dogs and give owners with location updates via a smartphone app. Garmin Ltd., for example, launched the Alpha200i in September 2020, with increased mapping capabilities, a larger, 3.5" sunlight-readable touchscreen display, a six-button user interface, and inReach satellite technology, which allows two-way communications and interactive SOS warnings. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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Another noteworthy aspect of pet wearables is the accuracy with which these devices calculate pet health metrics. The ongoing trend of healthier pet lives, with an emphasis on diet and weight management, has raised demand for activity tracking devices. Because of rising obesity rates in animals like as cats and dogs, Asia Pacific pet wearable market share from the medical diagnosis and treatment segment is booming. According to a recent clinical evaluation by the Association of Pet Obesity and Prevention, around 56% of dogs and 60% of cats are clinically overweight, implying that the need for such wearables will expand over the next six years. Overall, pet wearable technology can act as an animal translation device by quantifying pet behavior and well-being in order to assist owners to better understand their health & emotions, bringing them closer together. More significantly, they build the framework for animal healthcare at home, and collect important data that can be vital health information for vets. Such revolutionary pet wearables are promoting effective animal medical care and assist pet parents in taking better care of their fur kids. GoPro, Garmin, Mars, Motorola Mobility LLC, Incorporated, Num’axes, Petpuls, Pawbo, SUGA International Holdings Limited, Xiaomi Corporation, and Tractive are among the top pet wearable companies in Asia Pacific. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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