Companion Animal Health Market Share

Geographically, the companion animal health market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the rising adoption of animals as a pet in the region. Furthermore, in 2021, the market in Asia Pacific is anticipated to hold largest revenue share by 2036, owing to rising adoption of animals as a pet in the region. With this, the countries in North America such as the United States is promoting animal healthcare campaigns, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the global market on account of its proven success in terms of technology development and a high adoption of pets by the households in the region.