Report Code : CVMI2312273 | Published Date : March 3, 2025
The global companion animal healthcare market is experiencing a robust transformation, driven by rising pet ownership, increased awareness of pet well-being, and the growing human-animal bond. Valued at USD 24.6 billion in 2023, the market is projected to reach USD 48.9 billion by 2031, expanding at a CAGR of 8.9% (Company Name, 2024). Three key trends are propelling this growth trajectory:
Pet Humanization and Preventive Care Boom
- Increasing demand for advanced diagnostics, preventive vaccinations, and wellness check-ups as pets are treated as family members.
- Rise in insurance coverage for pets in North America and Europe boosting access to veterinary services.
- Growth in pet wellness subscriptions and personalized healthcare apps.
Innovation in Veterinary Therapeutics and Diagnostics
- AI-based diagnostic tools and wearable tech (e.g., smart collars) enabling real-time health tracking.
- Gene therapies and regenerative medicine emerging for chronic joint diseases and skin disorders.
- Development of targeted biologics for allergies, cancers, and autoimmune diseases in pets.
Expanding Scope of Pet Pharmacy and Telehealth
- Pet e-pharmacy segment seeing double-digit growth with prescription refill services and doorstep deliveries.
- Veterinary telemedicine solutions offering remote consultations and digital prescriptions.
- Launch of vet-approved nutraceuticals, probiotics, and behavior management supplements.
Product Innovation Deep Dive
Pharmaceutical and Therapeutic Advances
The industry is undergoing a wave of innovation across disease prevention and treatment:
Chronic Disease Management:
- Long-acting insulin injections and oral diabetes therapies improving glycemic control in diabetic dogs and cats.
- FDA-approved monoclonal antibodies like Librela and Solensia reducing osteoarthritis pain without NSAIDs.
Oncology Treatments:
- Targeted chemotherapies and immunotherapies improving survival rates in companion animal cancers.
- Development of tumor vaccines and companion diagnostics for early-stage detection.
Dermatology & Allergies:
- Apoquel and Cytopoint therapies reducing pruritus and inflammation in atopic dogs within 24 hours.
- Probiotic-based topical creams and medicated shampoos targeting microbiome balance.
Diagnostics and Monitoring Tools
Technology is transforming how veterinarians diagnose and track pet health:
AI-Powered Imaging and Wearables:
- Smart collars and GPS devices detecting arrhythmias, fever, and abnormal activity patterns.
- Integration of AI with radiology tools for faster tumor and fracture detection.
In-Clinic and Home Diagnostic Kits:
- Rapid tests for Lyme disease, heartworm, and tick-borne illnesses.
- Urinalysis and stool sample kits with app-based interpretation for at-home screening.
Pet Nutrition and Supplements
Nutrition is being tailored to breed, lifestyle, and chronic conditions:
Functional Diets and Therapeutic Foods:
- Renal-support diets extending life expectancy in CKD-affected cats by over 18 months.
- Grain-free, hypoallergenic, and mobility-enhancing formulations seeing rising demand.
Nutraceuticals and Probiotics:
- Glucosamine, chondroitin, and omega-3 supplements supporting joint and skin health.
- Microbiome-targeted formulations improving gut health and immunity in aging pets.
Industry-Specific Advancements
Veterinary Clinics & Specialty Hospitals
Advanced care is driving market consolidation and specialization:
Specialized Veterinary Services:
- Oncology, dermatology, dentistry, and cardiology centers seeing a surge in referrals.
- ER and trauma care infrastructure expanding in urban clinics.
Robotic and Laparoscopic Surgeries:
- Minimally invasive procedures reducing post-op recovery by 40%.
- Surge in demand for advanced surgical implants and tools.
Home-Based and Outpatient Pet Care
Consumer-centric models are reshaping the ecosystem:
|
Technology |
2024 Benchmark |
Commercialization |
Key Innovation |
|
Pet Telehealth Apps |
70% adoption in US households |
2025 |
24/7 vet access with integrated EMRs |
|
Automated Feeders |
60% in urban homes |
2026 |
Portion-controlled smart feeding |
|
At-home Diagnostic Kits |
Major brands launched globally |
2027 |
DNA testing and gut microbiome panels |
Fitness & Behavioral Health
Behavior Therapy and Smart Toys:
- Interactive toys and puzzle feeders reducing anxiety and cognitive decline.
- AI-based behavior monitoring and correction tools gaining ground.
Pet Fitness Devices:
- Activity trackers improving physical engagement for overweight and aging pets.
- Pet gyms and rehabilitation centers opening in major metros.
Competitive Landscape
Market Leaders
|
Company |
Specialization |
2024 Initiative |
Market Share |
|
Zoetis |
Veterinary Pharmaceuticals |
Expanded Librela rollout in EU and APAC |
21% |
|
Merck Animal Health |
Vaccines & Diagnostics |
Launch of next-gen pet wearables & diagnostics |
17% |
|
Elanco Animal Health |
Companion Animal Therapeutics |
New biologics for chronic conditions |
14% |
Emerging Disruptors:
- BondVet: Tech-enabled veterinary clinics for urban pet parents
- PawPrint Genomics: Affordable at-home DNA testing and ancestry mapping
Future Outlook
2024–2026:
- Tele-veterinary platforms become standard care in North America and Western Europe
- Expansion of AI-powered diagnostics and wearable monitoring devices
2027–2029:
- Precision veterinary medicine using genetic screening for breed-specific disease risks
- Emergence of pet mental health and wellness programs
2030+:
- Integration of pet digital health records with human family health platforms
- Development of gene-edited companion animals for reduced hereditary diseases
Reasons To Buy
Scope
Key Players
- Zoetis Inc.
- Merck Animal Health
- Elanco Animal Health
- Boehringer Ingelheim
- Ceva Santé Animale
Global Companion Animal Healthcare Market Report
- 1. Global Companion Animal Healthcare Market Research Report
- 1.1 Study Objectives
- 1.2 Global Companion Animal Healthcare Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2.1 Global Companion Animal Healthcare Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Product
- 2.1.2 By Animal Type
- 2.1.3 By Application
- 2.1.4 By End-user
- 2.1.5 By Region
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Product, By Animal Type, By Application, By End-user, By Country
- 3.3. Opportunities – By Product, By Animal Type, By Application, By End-user, By Country
- 3.4. Trends – By Product, By Animal Type, By Application, By End-user, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Global Companion Animal Healthcare Market Research Report – DROTs Impact Analysis
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.1 Veterinary Vaccines
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Parasiticides
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Pharmaceuticals
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Nutrition
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.5 Diagnostic Products
- 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Dogs
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Cats
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Horses
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Others
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 Treatment
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2 Diagnosis
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3 Prevention
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.1 Veterinary Clinics
- 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.2 Animal Hospitals
- 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 8.3 Pet Care Centers.
- 8.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 8.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 8.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 8.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.1 North America
- 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.2 Europe
- 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.3 Asia-Pacific
- 9.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.4 Latin America
- 9.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.5 Middle East & Africa
- 9.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 9.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 9.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 9.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 9.6 Global Companion Animal Healthcare Market - Opportunity Analysis Index, By Product, By Animal Type, By Application, By End-user, and Region, 2024 - 2031
- 10.1 By Product Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Veterinary Vaccines
- 10.1.2 Parasiticides
- 10.1.3 Pharmaceuticals
- 10.1.4 Nutrition
- 10.1.5 Diagnostic Products
- 10.2.1 Dogs
- 10.2.2 Cats
- 10.2.3 Horses
- 10.2.4 Others
- 10.3.1 Treatment
- 10.3.2 Diagnosis
- 10.3.3 Prevention
- 10.4.1 Veterinary Clinics
- 10.4.2 Animal Hospitals
- 10.4.3 Pet Care Centers.
- 10.5.1 United States
- 10.5.2 Canada
10.7 Regional Trends Analysis
10.8 North America Global Companion Animal Healthcare Market Research Report - Company Profiles- 10.8.1 Company 1 (United States)
- 10.8.2 Company 2 (Canada)
- 10.8.3 Company 3 (Canada)
- 11.1 By Product Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Veterinary Vaccines
- 11.1.2 Parasiticides
- 11.1.3 Pharmaceuticals
- 11.1.4 Nutrition
- 11.1.5 Diagnostic Products
- 11.2.1 Dogs
- 11.2.2 Cats
- 11.2.3 Horses
- 11.2.4 Others
- 11.3.1 Treatment
- 11.3.2 Diagnosis
- 11.3.3 Prevention
- 11.4.1 Veterinary Clinics
- 11.4.2 Animal Hospitals
- 11.4.3 Pet Care Centers.
- 11.5.1 Germany
- 11.5.2 United Kingdom
- 11.5.3 France
- 11.5.4 Spain
- 11.5.5 Italy
- 11.5.6 Russia
- 11.5.7 Netherlands
- 11.5.8 Poland
- 11.5.9 Rest of Europe
11.7 Regional Trends Analysis
11.8 Europe Global Companion Animal Healthcare Market Research Report - Company Profiles- 11.8.1 Company 1 (Germany)
- 11.8.2 Company 2 (United Kingdom)
- 11.8.3 Company 3 (United Kingdom)
- 12.1 By Product Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Veterinary Vaccines
- 12.1.2 Parasiticides
- 12.1.3 Pharmaceuticals
- 12.1.4 Nutrition
- 12.1.5 Diagnostic Products
- 12.2.1 Dogs
- 12.2.2 Cats
- 12.2.3 Horses
- 12.2.4 Others
- 12.3.1 Treatment
- 12.3.2 Diagnosis
- 12.3.3 Prevention
- 12.4.1 Veterinary Clinics
- 12.4.2 Animal Hospitals
- 12.4.3 Pet Care Centers.
- 12.5.1 China
- 12.5.2 Japan
- 12.5.3 India
- 12.5.4 South Korea
- 12.5.5 Australia & NZ
- 12.5.6 ASEAN
- 12.5.7 Rest of Asia-Pacific
12.7 Regional Trends Analysis
12.8 Asia-Pacific Global Companion Animal Healthcare Market Research Report - Company Profiles- 12.8.1 Company 1 (China)
- 12.8.2 Company 2 (Japan)
- 12.8.3 Company 3 (Japan)
- 13.1 By Product Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 13.1.1 Veterinary Vaccines
- 13.1.2 Parasiticides
- 13.1.3 Pharmaceuticals
- 13.1.4 Nutrition
- 13.1.5 Diagnostic Products
- 13.2.1 Dogs
- 13.2.2 Cats
- 13.2.3 Horses
- 13.2.4 Others
- 13.3.1 Treatment
- 13.3.2 Diagnosis
- 13.3.3 Prevention
- 13.4.1 Veterinary Clinics
- 13.4.2 Animal Hospitals
- 13.4.3 Pet Care Centers.
- 13.5.1 Brazil
- 13.5.2 Mexico
- 13.5.3 Argentina
- 13.5.4 Peru
- 13.5.5 Colombia
- 13.5.6 Rest of Latin America
13.7 Regional Trends Analysis
13.8 Latin America Global Companion Animal Healthcare Market Research Report - Company Profiles- 13.8.1 Company 1 (Brazil)
- 13.8.2 Company 2 (Mexico)
- 13.8.3 Company 3 (Mexico)
- 14.1 By Product Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14.1.1 Veterinary Vaccines
- 14.1.2 Parasiticides
- 14.1.3 Pharmaceuticals
- 14.1.4 Nutrition
- 14.1.5 Diagnostic Products
- 14.2.1 Dogs
- 14.2.2 Cats
- 14.2.3 Horses
- 14.2.4 Others
- 14.3.1 Treatment
- 14.3.2 Diagnosis
- 14.3.3 Prevention
- 14.4.1 Veterinary Clinics
- 14.4.2 Animal Hospitals
- 14.4.3 Pet Care Centers.
- 14.5.1 Saudi Arabia
- 14.5.2 UAE
- 14.5.3 South Africa
- 14.5.4 Egypt
- 14.5.5 Israel
- 14.5.6 Rest of Middle East and Africa
14.7 Regional Trends Analysis
14.8 Middle East & Africa Global Companion Animal Healthcare Market Research Report - Company Profiles- 14.8.1 Company 1 (Saudi Arabia)
- 14.8.2 Company 2 (UAE)
- 14.8.3 Company 3 (UAE)
- 15.1 Strategic Dashboard of Top Market Players
15.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)- 15.2.1 Zoetis Inc.
- 15.2.2 Merck Animal Health
- 15.2.3 Elanco Animal Health
- 15.2.4 Boehringer Ingelheim
- 15.2.5 Ceva Santé Animale
17. Principal Presumptions and Acronyms
