Major factor driving growth of the global pet variable market is increasing demand from pet owners for wearable devices that help to detect various diseases related to lungs, heart, etc. In addition, increasing government expenditure on pet healthcare is expected to support growth of the global pet wearable market.

The global pet wearable market is segmented on the basis of technology, application, and region.

On the basis of technology, the global pet wearable market is segmented into RFID, GPS, and sensors. The GPS segment is estimated to dominate the global pet wearable market. The RFID segment is projected to register highest CAGR over the forecast period.

On the basis of application, the global pet wearable market is segmented into identification & tracking, behavior monitoring & control, facilitation, safety & security, medical diagnosis & treatment. The medical diagnosis & treatment segment is estimated to dominate the global pet wearable market. The identification & tracking segment is projected to register highest CAGR over the forecast period.

On the basis of region, the global pet wearable market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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The market in North America is expected to account for largest share in the global market in terms of revenue, owing to well-developed animal healthcare sector. The market in Asia Pacific is expected to account for significant revenue share in the global market. This can be attributed to rising disposable income, increasing number of pet ownership and presence of prominent players operating in emerging economies in this region.

Key players operating in the global pet wearable market include Whistle Labs, Inc., PetPace LLC, FitBark Inc., Tractive GmbH, i4C Innovations, Garmin International, Inc., Motorola Solutions, Inc., Dairymaster, DeLaval, Inc., and Otto Petcare Systems.