2H 2023 INDUSTRY UPDATE

• Automatic and smart feeders are gaining traction as pet owners become conscious of managing weight and nutritional intake of their furry friends.

• Given the rising demand for quality pet care, pet insurance uptake has seen a significant surge.

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• Incorporation of technology such as telemedicine and AI in current vet practices will drive productivity and narrow the supply-demand gap in the pet services market.

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• Smart kennels equipped with climate-controlled rooms, automatic feeders, and high-tech cameras are most sought after by pet owners, especially when they are travelling.

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