Companion Animal Health Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.3% |
|
Base Year Market Size (2024) |
USD 26.37 billion |
|
Forecast Year Market Size (2037) |
USD 74.35 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of companion animal health is estimated at USD 28.23 billion.
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.
Asia Pacific industry is poised to hold largest revenue share by 2037, 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.
