Animal Safety Devices Market Size

Animal Safety Devices Market size is likely to register remarkable growth rate during the forecast period i.e., between 2024-2036. The growth of the market can be primarily attributed to the increasing number of cases of pet thefts around the world.  For instance, a lost and found service for pets in the U.K. recorded a notable hike in pet thefts, from more than 17o dogs in 2019 to about 460 dogs in 2020. Additionally, animal safety devices are witnessing a swift adoption owing to their diversified applications in tracking and identifying, monitoring behavior, diagnosing medical problems, and the safety and security of pets. Along with these, the market is largely expected to be driven by significant rise in expenditure for pet care, rising disposable income and increased pet adoption across the world. The adoption of animal safety devices in livestock monitoring is also projected to boost the demand for animal safety devices in the coming years.