Global Companion Animal Healthcare Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global Companion Animal Healthcare market size will reach US$ 20293 million by 2031.
Animal Healthcare refer to the products, which are specially used to prevent and treat animal diseases and ensure animal health, including animal pharmaceuticals and animal vaccines without animal diagnose. In our report, for vaccine, one unit is 1000 doses.
The companion animal healthcare market is being fueled by several notable trends. First, the global surge in pet ownership—especially among millennials and Gen Z—combined with the increasing humanization of pets (treating them like family members) has lifted owner spending on veterinary services, pharmaceuticals, diagnostics, and preventive care. Second, rapid advancements in veterinary medicine—ranging from AI‑enhanced diagnostic tools, telemedicine platforms, wearable health monitors, and personalized therapies—have broadened accessible care and improved treatment outcomes, offering more convenience and assurance to pet owners .
Despite strong growth, the market faces significant headwinds. The escalating cost of veterinary services, driven in part by corporate consolidation, private equity buyouts, and inflation in labor and equipment, is deterring many owners—some must delay or forgo care due to high expenses . Additionally, a chronic shortage of qualified veterinary professionals—especially in rural or underserved areas—limits access to care, leads to longer wait times, and restricts service availability, ultimately constraining market expansion.
LPI (LP Information)' newest research report, the “Companion Animal Healthcare Industry Forecast” looks at past sales and reviews total world Companion Animal Healthcare sales in 2024, providing a comprehensive analysis by region and market sector of projected Companion Animal Healthcare sales for 2025 through 2031. With Companion Animal Healthcare sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Companion Animal Healthcare industry.
This Insight Report provides a comprehensive analysis of the global Companion Animal Healthcare landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Companion Animal Healthcare portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Companion Animal Healthcare market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Companion Animal Healthcare and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Companion Animal Healthcare.
This report presents a comprehensive overview, market shares, and growth opportunities of Companion Animal Healthcare market by product type, application, key players and key regions and countries.
Segmentation by Type:
Drugs
Vaccine
Other
Segmentation by Application:
Animal Hospital
Animal Clinic
Veterinary Station
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zoetis
Boehringer Ingelheim
Merck Animal Health
Elanco Animal Health
Virbac
Dechra Veterinary Products
Ceva
Vetoquinol
Meiji
Ouro Fino Saude
Parnell
Pulaike Bio
CAHIC
Norbrook
Jindun Pharma
Zhongbo Lvya
Please note: The report will take approximately 2 business days to prepare and deliver.
Animal Healthcare refer to the products, which are specially used to prevent and treat animal diseases and ensure animal health, including animal pharmaceuticals and animal vaccines without animal diagnose. In our report, for vaccine, one unit is 1000 doses.
The companion animal healthcare market is being fueled by several notable trends. First, the global surge in pet ownership—especially among millennials and Gen Z—combined with the increasing humanization of pets (treating them like family members) has lifted owner spending on veterinary services, pharmaceuticals, diagnostics, and preventive care. Second, rapid advancements in veterinary medicine—ranging from AI‑enhanced diagnostic tools, telemedicine platforms, wearable health monitors, and personalized therapies—have broadened accessible care and improved treatment outcomes, offering more convenience and assurance to pet owners .
Despite strong growth, the market faces significant headwinds. The escalating cost of veterinary services, driven in part by corporate consolidation, private equity buyouts, and inflation in labor and equipment, is deterring many owners—some must delay or forgo care due to high expenses . Additionally, a chronic shortage of qualified veterinary professionals—especially in rural or underserved areas—limits access to care, leads to longer wait times, and restricts service availability, ultimately constraining market expansion.
LPI (LP Information)' newest research report, the “Companion Animal Healthcare Industry Forecast” looks at past sales and reviews total world Companion Animal Healthcare sales in 2024, providing a comprehensive analysis by region and market sector of projected Companion Animal Healthcare sales for 2025 through 2031. With Companion Animal Healthcare sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Companion Animal Healthcare industry.
This Insight Report provides a comprehensive analysis of the global Companion Animal Healthcare landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Companion Animal Healthcare portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Companion Animal Healthcare market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Companion Animal Healthcare and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Companion Animal Healthcare.
This report presents a comprehensive overview, market shares, and growth opportunities of Companion Animal Healthcare market by product type, application, key players and key regions and countries.
Segmentation by Type:
Drugs
Vaccine
Other
Segmentation by Application:
Animal Hospital
Animal Clinic
Veterinary Station
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zoetis
Boehringer Ingelheim
Merck Animal Health
Elanco Animal Health
Virbac
Dechra Veterinary Products
Ceva
Vetoquinol
Meiji
Ouro Fino Saude
Parnell
Pulaike Bio
CAHIC
Norbrook
Jindun Pharma
Zhongbo Lvya
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
123 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Companion Animal Healthcare Market Size by Player
- 4 Companion Animal Healthcare by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Companion Animal Healthcare Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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