Originally published on Forbes.com
In 2018, Americans spent $72 billion on their pets, ranging from $80 to $142 per month and about $1,300 per year. Regardless of personal and economic-financial struggles, the pet industry continues to grow, with many pet parents prioritizing their pet’s health and happiness beyond their own.
If you are a pet owner or manage your own business in the pet industry, one thing is for sure: You know the pet industry is a goldmine. With new technology and advances in care for pets, there is no sign of the industry slowing down anytime soon.
Technology has made caring for and interacting with our pets easier and better than ever. New trends and innovations that first gained a foothold in other sectors are continually being adapted and updated to meet the needs and desires of the multi-billion-dollar global pet industry.
According to industry trends and projections, the pet business will continue to boom unabated in the future. While the forecast is healthy across the board, specific segments in the pet industry are seeing a significant amount of growth.
Pet owners want the best for their loved companions. And pet industry businesses want to make sure they are capitalizing on the latest market trends. Pets sleep in their owners’ bed. They’re taken on walks and often eat better than we do. They literally become a member of the family. Pet owners know the happiness their animals can provide for them, but at the same time, they know the stress and anxiety that comes with having a pet that needs care.
Fueled by their shared passion for the improved wellbeing of pets and their owners, two longtime friends Roy Stein and Bill Rebozo created a platform called BabelBark, which aims to connect pet owners with a trusted network of local veterinarians easily and affordably.
With advancements in technology, pet parents can have improved access to veterinary services. The vision is to revolutionize access to pet care through state-of-the-art technology designed to bring both the pet owners and pets into one ecosystem to better manage pet care.
It offers pet owners’ peace of mind about their pet’s health by providing them with a convenient and easy solution for locating and transacting with their community of pet caregivers.
Next time you are leaving town or working late, you may want to search for a safe, flexible pet care solution online. While technology in pet industry accelerates, pets’ vets and sitting services are like Airbnb for pets, giving them the luxury of a homestay with the freedom and attention they deserve.