Growing Demand for Pet Healthcare Boosts Companion Animal Drugs Market
The companion animal drugs market , valued at approximately USD 16.1 billion in 2024, is projected to surpass USD 17.13 billion in 2025 and reach USD 31.26 billion by 2035. The companion animal drugs market is witnessing steady growth as pet ownership continues to rise and the demand for advanced veterinary care increases globally. The focus is shifting toward disease prevention, with the growing use of parasiticides to protect animals from various infections and infestations. The companion animal drugs market plays a critical role in ensuring the health and well-being of pets, which are increasingly considered family members across households worldwide. As the human-animal bond strengthens, pet owners are more inclined to invest in comprehensive veterinary care, including preventive medications, treatment of chronic illnesses, and nutritional supplements. This growing attention to pet health has catalyzed demand for innovative and effective pharmaceutical products in the compa...