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Companion Animal Health Market Trends

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Report ID: 2985
Published Date: Sep 03, 2024
Report Format: PDF, PPT

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Companion Animal Health Market Trends

Growth Drivers

Rising Adoption of Animals as a Pet
Increasing Advancements in Animal Health Market

Challenges

Increasing Cost of Veterinary Care
Lack of Awareness

Companion Animal Health Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.3%
Base Year Market Size (2023)	USD 24.35 billion
Forecast Year Market Size (2036)	USD 68.65 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Companion Animal Health Market Size & Share, Growth Report 2036

Author Credits: Radhika Pawar

Report ID: 2985
Published Date: Sep 03, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of companion animal health is assessed at USD 25.97 billion.

Companion Animal Health Market size was valued at USD 24.35 billion in 2023 and is expected to exceed USD 68.65 billion by 2036, registering over 8.3% CAGR during the forecast period i.e., between 2024-2036. Rising adoption of pets and increasing advancements in animal healthcare will fuel the market growth.

Asia Pacific is anticipated to hold largest revenue share by 2036, owing to rising adoption of animals as a pet in the region.

The major players in the market include Bayer AG, Merck & Company, Inc., Elanco, Boehringer Ingelheim International GmbH, Virbac, Perrigo Company plc, Vetoquinol SA, Zoetis Inc., Ceva, Nutreco N.V., and others.

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