Companion Animal Health Market Size

Companion Animal Health Market size was over USD 26.37 billion in 2024 and is anticipated to cross USD 74.35 billion by 2037, growing at more than 8.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of companion animal health is estimated at USD 28.23 billion.

The increasing initiatives by the government regulatory bodies to promote veterinary products in the market, along with the growing adoption of pets are expected to fuel the development of this market. The growth of the market can also be attributed to factors such as the increasing technological advancements and product innovation in animal healthcare market. According to the data collected from the Humane Society of the United States, in 2020, 84.9 million of households were owning a pet. Increasing adoption of pet in the United States has increased the demand for animal healthcare facilities in the market.