U.S. Pet Wearable Market Size Is Projected To Reach USD 1.63 Billion By 2028
San Francisco, 20 Jan 2022: The Report U.S. Pet Wearable Market Size, Share & Trends Analysis Report By Technology (RFID, GPS, Sensors), By Application (Identification & Tracking, Medical Diagnosis & Treatment), And Segment Forecasts, 2021 - 2028 The U.S. pet wearable market size is forecast to reach USD 1.63 billion by 2028, registering a CAGR of 12.9% from 2021 to 2028, as per a study conducted by Grand View Research, Inc. The rising levels of disposable income, the growing purchasing power of consumers, and subsequently the increasing spending on pets are some of the key factors that are expected to drive the growth of the market over the forecast period. The strong emphasis that pet owners in the U.S. are putting on investing in pet wearable devices to keep their pets happy, healthy, and safe is supporting the market growth. According to the American Pet Products Association (APPA), pet owners in the U.S. spent around USD 99 billion on their pets in 2020 as agains