PUBLISHER: The Business Research Company | PRODUCT CODE: 1938646
PUBLISHER: The Business Research Company | PRODUCT CODE: 1938646
Companion animal pharmaceuticals involve the pharmaceutical medication process where animal pharmacists recommend medications, fill prescriptions, and manage drug therapies for animals. It is utilized in the diagnosis, mitigation, and treatment of various diseases in animals.
The main types of companion animal pharmaceuticals include medications for dogs, cats, horses, and other companion animals. Dogs are highly variable carnivorous domesticated mammals closely related to the common wolf. The indications for these pharmaceuticals cover infectious diseases, dermatologic diseases, pain management, orthopedic diseases, behavioral issues, and other conditions. These medications are typically sold through various distribution channels such as veterinary hospitals, veterinary clinics, and retail pharmacies.
Tariffs have impacted the companion animal pharmaceuticals market by raising the cost of imported vaccines, antiparasitic agents, and anti-inflammatory drugs, particularly affecting North American and European veterinary hospitals and retail pharmacies. Dogs and cats, being the largest companion animal segments, are most affected due to reliance on high-quality imported medications. On the positive side, tariffs are encouraging local production and formulation of drugs, leading to more regionally optimized and cost-effective solutions.
The companion animal pharmaceuticals market research report is one of a series of new reports from The Business Research Company that provides companion animal pharmaceuticals market statistics, including companion animal pharmaceuticals industry global market size, regional shares, competitors with a companion animal pharmaceuticals market share, detailed companion animal pharmaceuticals market segments, market trends and opportunities, and any further data you may need to thrive in the companion animal pharmaceuticals industry. This companion animal pharmaceuticals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The companion animal pharmaceuticals market size has grown rapidly in recent years. It will grow from $17.85 billion in 2025 to $19.65 billion in 2026 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increasing prevalence of infectious diseases in dogs and cats, growth in veterinary clinics and hospitals, rising awareness of companion animal health, introduction of vaccines and antiparasitic drugs, early adoption of anti-inflammatory therapies.
The companion animal pharmaceuticals market size is expected to see rapid growth in the next few years. It will grow to $29.14 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to advancements in precision medicine for companion animals, increasing adoption of digital prescription management, growth in preventive healthcare and vaccination programs, rising demand for specialized behavioral and orthopedic therapeutics, expansion of veterinary retail pharmacy networks. Major trends in the forecast period include increasing demand for companion animal vaccines, rising adoption of anti-inflammatory and pain management drugs, growth in behavioral and dermatologic therapeutics, expansion of veterinary retail pharmacies and clinics, customization of drug formulations for specific companion animals.
The increasing prevalence of zoonotic diseases is anticipated to drive the growth of the companion animal pharmaceuticals market in the coming years. Zoonotic illnesses are diseases that can naturally transfer between vertebrate animals and humans, or vice versa. The rise in zoonotic diseases is largely due to increased human-animal interactions, which create more opportunities for pathogens to move from animals to humans, thereby accelerating the spread of infections. Companion animal pharmaceuticals help manage zoonotic diseases by providing medications and preventive treatments that reduce infections in pets, consequently lowering the risk of transmission to humans. For example, in February 2023, the Council on Foreign Relations (CFR), a US-based independent, nonpartisan think tank and publisher, reported that up to 75% of newly discovered or emerging infectious diseases (EIDs) and 60% of known infectious diseases have zoonotic origins. Globally, zoonoses are responsible for 2.7 million human deaths and 2.5 billion disease episodes annually. As a result, the rising prevalence of zoonotic diseases is fueling the growth of the companion animal pharmaceuticals market.
Leading companies in the companion animal pharmaceuticals market are introducing innovative products, such as oral flea and tick medications, to expand their customer base, boost sales, and increase revenue. Oral flea and tick products are administered orally to prevent or treat infestations in pets. For instance, in October 2024, Elanco Animal Health Incorporated, a US-based pharmaceutical company, received FDA approval for Credelio Quattro, a new chewable parasiticide for dogs. This product provides monthly protection against six types of parasites, including fleas, ticks, and several internal worms. Through Credelio Quattro, Elanco aims to offer pet owners a convenient, comprehensive solution for broad-spectrum parasite control, reflecting its commitment to meeting the growing demand for innovative and effective pet health solutions.
In July 2024, Dechra Pharmaceuticals Limited, a UK-based provider of veterinary pharmaceuticals and related health products for companion animals and livestock, acquired Invetx Inc. for an undisclosed amount. This acquisition allowed Dechra to expand its companion animal pharmaceuticals portfolio and strengthen its position in the high-growth biologics sector by adding innovative monoclonal antibody therapeutics targeting chronic conditions in cats and dogs. Invetx Inc., based in the US, specializes in protein-based therapeutic biologics for companion animals, focusing on the discovery, development, and manufacturing of species-specific monoclonal antibody treatments.
Major companies operating in the companion animal pharmaceuticals market are Elanco Animal Health Incorporated, Boehringer Ingelheim International GmbH, Ceva Sante Animale, Inovet Group, Merck & Co. Inc., Norbrook Laboratories Ltd., Vetoquinol S.A., Virbac S.A., Zoetis Inc., Eli Lilly and Company, IDEXX Laboratories Inc., Merial Limited, Dechra Pharmaceuticals PLC, Aratana Therapeutics Inc., Kindred Biosciences Inc., Jaguar Health Inc., Nexvet Biopharma PLC, PetMed Express Inc., Heska Corporation, Synbiotics Corporation, Eurovet Animal Health B.V., Abaxis Inc., Putney Inc.
North America was the largest region in the companion animal pharmaceuticals market in 2025. Asia-Pacific is expected to be the fastest-growing region in the companion animal pharmaceuticals market report during the forecast period. The regions covered in the companion animal pharmaceuticals market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the companion animal pharmaceuticals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The companion animal pharmaceuticals market includes revenues earned by entities by providing veterinary pharmaceuticals, vaccines, and health management tools. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Companion Animal Pharmaceuticals Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses companion animal pharmaceuticals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for companion animal pharmaceuticals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The companion animal pharmaceuticals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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