Invoxia: Smart Collar, Preventative Medicine
Research from Demandsage 2.0 indicates that on a worldwide basis, 23% of men and 21.8% of women own a smartwatch. In the U.S., that number is even smaller, as 12.2% of Americans are reported to use a smartwatch or a fitness tracker. However, when we get to the pet space, that number drops even further. Market awareness for pet trackers in the United States is approximately 5% of pet-owning households, with the number of households that actually have purchased and use a pet tracker being much smaller than that, potentially as few as 1 million. However, while the market is small now, the low…
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