With the growing awareness of pet safety and health, more and more pet owners are looking for new ways to keep their pets safe, healthy and entertained. Products such as wearable devices (monitoring pet activities), intelligent pet companion robots, automatic feeders, automatic cat litter boxes and other products have become very popular new technology products in the market.
According to the latest Global Market Insights report, the global pet technology market was worth $5 billion in 2022 and is expected to grow at a compound annual growth rate of more than 15% between 2023 and 2032, increasing to $35 billion.
Not only technical products, now pet products have been covered to eat, wear, housing, transportation and other aspects. In pet insurance, medical, health, beauty, even "funeral" and other new areas are growing trends.
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