Companion (pet) Animal Healthcare Market Share Growing High During 2023-29

Ramkumarss02 Aug, 2023Business

Companion Animal Healthcare Market size was expected to grow from USD 17.8 billion in 2022 to reach USD 24.5 billion in 2029 at a CAGR of 6.4% during forecast period 2022-28. Companion animals have been trusted for their companionship to the human throughout the history and keeping companion animals healthy is a top priority for caregivers everywhere in the world. Several studies on human and companion animal's interactions showed that owning a pet animal associated with positive health benefits. It is essential to veterinarians and caregivers to give utmost attention to companion animal health as companion animals are primary source of zoonotic diseases spread to humans and vice versa. The market is expected to grow positively over the forecast period owing to increasing rates of pet ownership, rising life expectancy for companion animals, increased number of products for treating various companion animals ailments and advances in animals healthcare services and medicines.