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Pets at Home shares rocked by CMA market review

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Jessica has spent 15 years covering private and public markets, business, law and investment in the transition to cleaner energy. She spent several years as an editor at Dow Jones, covering private equity and private markets, where she led the team that broke the news of alleged misuse of funds at Abraaj Group. During her time at the company, she sat on the Women @ Dow Jones committee. She also spent four years as an editor and journalist at Centaur Media PLC covering investment in… Read more

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SK Telecom enters Japan’s pet care market

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Getty Images

South Korea’s SK Telecom Co. has entered the Japanese pet market using its innovative artificial intelligence (AI) under a tie-up with Japan’s largest companion animal insurer to provide AI imaging diagnostic services for pets.

This comes just a year after SK Telecom’s entry into the imaging diagnostic market.

The company on Tuesday said it signed an agreement with Japan’s Anicom Holdings on Sept. 20 on the distribution of X Caliber, an AI-based image diagnostics service, to veterinary hospitals in Japan.

Anicom leads the Japanese pet insurance market with a 46% share and runs a veterinary hospital through a subsidiary.

Under this deal, SK Telecom has entered the lucrative Japanese pet market, which is three times larger than South Korea’s. The Korea Trade-Investment Promotion Agency said the Japanese market last year reached 1.75 trillion yen (15.9 trillion won or $11.7 billion) in value, far higher than South Korea’s 5 trillion won.

Japan also has three times the number of veterinary hospitals (about 12,000) than South Korea (some 4,000). Anicom is also building ties with over 6,000 of its nation’s veterinary hospitals, meaning that half of them are potential clients of SK Telecom.

SK Telecom is promoting its AI unit

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Analysis and Forecasts 2019-2029 by Pet Type (Dog, Cat, Fish, Bird, Others), and Category (Food, Product, Groom & Board)

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Nordic Pet Care Market

Nordic Pet Care MarketNordic Pet Care Market

Nordic Pet Care Market

Dublin, Nov. 27, 2023 (GLOBE NEWSWIRE) — The “Nordic Pet Care Market (2023 Edition): Analysis by Pet Type (Dog, Cat, Fish, Bird, Others), Category (Food, Product, Groom & Board), Sales Channel, By Country: Market Insights and Forecast (2019-2029)” report has been added to ResearchAndMarkets.com’s offering.

Nordic Pet Care Market report provides estimates of 2023 and the forecast period of 2024-2029.

The Nordic Pet Care market showcased growth at a CAGR of 4.30% during 2019-2022. The market was valued at USD 2962.62 Million in 2022 which is expected to reach USD 6672.30 Million in 2029. The market is expected to grow in the forecast period and register a market value of USD 6672.30 Million in 2029 at a CAGR of 13.28% during the forecast period.

The research report presents data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, and demand forecast. The research report also assesses growth indicators, restraints, supply and demand risks, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.

Consumers in Nordic countries prioritize sustainability, ethical