Huge growth potential expected

The size of the North American pet wearable market is poised to expand at a substantial compound annual growth rate (CAGR) in the forthcoming years, according to a recent study from Graphical Research. The market research firm, which values the market size at 1.5 bn dollars in 2019, estimates that it will exhibit a CAGR of 23 per cent between 2020 and 2026. By 2026, the size of the pet wearable market in North America is set to reach 7 bn dollars in value, writes the research firm in its new report on this market from 2020-2026.