Press release
Global Companion Animal Arthritis Market to Reach $6.04 Billion by 2029, Growing at 10.3% CAGR
Companion Animal Arthritis Market Size
The increase in pet adoption is anticipated to fuel the expansion of the companion animal arthritis market. Pet adoption plays a significant role in alleviating stress, anxiety, depression, among other health conditions. This process involves acquiring a pet, such as a dog, cat or even exotic animals, abandoned by its previous owners to a shelter or rescue, instead of purchasing from a pet shop, breeder, or another person. Once pets start aging, they become susceptible to arthritis. For instance, The American Pet Products Association, a non-profit industry association in the US, conducted a survey revealing that around half of the pet-owning British households added at least one new pet during the lockdown, while approximately 11.3 million Americans welcomed new pets during the pandemic. Additionally, according to the survey, 16% of Generation Z participants and 13% of millennials acknowledged adopting a new pet during the pandemic. Consequently, the growing trend of pet adoption considerably supports the expansion of the companion animal arthritis market.
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How will the growth rate of the companion animal arthritis market shape industry trends by 2034?
The market for companion animal arthritis has seen a robust expansion in the past few years. The market size is projected to surge from $3.72 billion in 2024 to $4.08 billion in 2025, witnessing a compound annual growth rate (CAGR) of 9.7%. The significant growth during the historic period is attributed to factors such as a rise in pet ownership, developments in veterinary medicine, and enhanced awareness and education.
In the upcoming years, significant advancement is anticipated in the companion animal arthritis market. It is forecasted to rise to $6.04 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%. This progression over the anticipated period can be credited to factors such as an aging pet populace, advancement in therapeutics, personalized nutrition options, the utilization of telemedicine in vet care, along with the humanization of pets. Major trends for this period are expected to include the use of biologics in veterinary medicine, digital health solutions, nutraceuticals and functional foods, collaborations and partnerships, the influence of pet insurance, consumer preference for natural and holistic treatments, and data-driven veterinary care.
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What trends are poised to drive the future success of the companion animal arthritis market?
Leading businesses in the companion animal arthritis market are centering their efforts on technological progress, prioritizing the creation of advanced therapeutic products and supplements. These innovations aim to offer effective pain management and better joint health for aging and arthritis-hit animals, thereby enhancing their overall life quality. Bonqat, a newly engineered medication for felines, minimizes their anxiety during high-stress circumstances like travel or vet visits, without inducing sedation. The medicine's objective is to tranquilize cats, facilitating smoother experiences for them and their caretakers during travels or check-ups. For example, Zoetis Inc., an American corporation specializing in the production of animal medication and vaccines, unveiled Bonqat (pregabalin oral solution) in April 2024. This product was designed to ease acute anxiety and fear in cats associated with transportation and veterinary visits, which often hinder routine care. This oral solution can be blended with their food or directly given to the cat, simplifying its administration for the pet owners. For each kilogram of the cat's weight, only 0.1 mL of the solution is needed. A significant number of cat owners have reported that the product's administration process is straightforward.
Which primary segments of the companion animal arthritis market are driving growth and industry transformations?
The companion animal arthritis market covered in this report is segmented -
1) By Type: Dogs, Cats, Other Types
2) By Indication: Osteoarthritis, Other Arthritis
3) By Treatment: Medication, Supplements, Other Treatments
4) By Distribution Channel: Veterinary Hospitals And Clinics, Retail Pharmacies, Online Stores, Other Distribution Channels
Subsegments:
1) By Dogs: Large Breed Dogs, Small Breed Dogs, Senior Dogs
2) By Cats: Domestic Cats, Senior Cats
3) By Other Types: Rabbits, Ferrets, Other Small Mammals
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Which geographical regions are pioneering growth in the companion animal arthritis market?
North America was the largest region in the companion animal arthritis market in 2024. The regions covered in the companion animal arthritis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the companion animal arthritis market landscape?
Major companies operating in the companion animal arthritis market include Zoetis Inc., Merck Animal Health, Boehringer Ingelheim, Bayer Animal Health, Vetoquinol, Ceva Santé Animale, Dechra Pharmaceuticals, PetMed Express, Pet Health Solutions, VetriScience, Synlogic, Canine Arthritis Management, Integrative Pet Care, The Honest Kitchen, Vetri-Science Laboratories, Anivive Lifesciences, Pawsitively Posh Pets, Trifecta Natural, Nutramax Laboratories, Hill's Pet Nutrition, Royal Canin, Medivet, Virbac, Canna-Pet, Fetch for Pets, Lintbells, Allivet, Petlab Co.
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What Is Covered In The Companion Animal Arthritis Global Market Report?
•Market Size Forecast: Examine the companion animal arthritis market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the companion animal arthritis market for a structured understanding.
•Key Players Overview: Analyze major players in the companion animal arthritis market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the companion animal arthritis market.
•Segment Contributions: Evaluate how different segments drive overall growth in the companion animal arthritis market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the companion animal arthritis market.
•Industry Challenges: Identify potential risks and obstacles affecting the companion animal arthritis market.
•Competitive Landscape: Review strategic developments in the companion animal arthritis market, including expansions, agreements, and new product launches.
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