Press release
Companion Animal Health Market is expected to reach US$ 56.60 Billion by 2033 | Top key players - Zoetis, Elanco, Merck Animal Health, Boehringer Ingelheim.
Companion Animal Health Market
The Global Companion Animal Health Market size reached US$ 25.38 Billion in 2024 from US$ 23.37 Billion in 2023 and is expected to reach US$ 56.60 Billion by 2033, growing at a CAGR of 9.4% during the forecast period 2025-2033.
Companion Animal Health Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Companion Animal Health Market refers to the industry focused on providing medical products, services, and technologies that ensure the well-being of pets such as dogs, cats, and other domesticated animals. It includes veterinary pharmaceuticals, vaccines, diagnostics, nutritional supplements, and healthcare services aimed at disease prevention, treatment, and improving overall quality of life for companion animals.
Key Developments of USA and Japan:
USA:
September 3, 2025: The FDA issued a notification about H5N1 contamination in specific lots of a raw cat food product.
July 22, 2025: The FDA approved the first generic methimazole coated tablets for treating hyperthyroidism in cats.
Japan:
August 8, 2025: The Japan veterinary healthcare market is shifting from livestock to a focus on companion animals, with growth driven by digital diagnostics and pet insurance.
August 8, 2025: Diagnostic services, specifically in-house PCR, immunoassay, and digital imaging, are a fast-growing category.
Key Players:
Merck & Co., Inc.
Boehringer Ingelheim International GmbH
Agrolabo Spa
Ceva
Elanco
Indian Immunologicals Ltd.
Norbrook
Vetoquinol
Zoetis Services LLC
IDEXX.
Growth Forecast Projected:
The Global Companion Animal Health Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Companion Animal Health Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Market Segmentation:
By Animal Type: Dogs, Cats, and Others.
By Product Type: Vaccines, Pharmaceuticals, Feed Additives, Diagnostics, Supplements, and Others.
By Distribution Channel: Hospital Pharmacies, E-Commerce, Retail, and Others.
Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Companion Animal Health market?
➠ Who are the leading manufacturers in the global Companion Animal Health industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Companion Animal Health industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Companion Animal Health market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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