Pet Cancer Therapeutics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Therapy, By Animal Type, By Cancer Type, By Region & Competition, 2021-2031F

Description

The Global Pet Cancer Therapeutics Market is projected to expand significantly, growing from USD 467.69 Million in 2025 to USD 816.41 Million by 2031, reflecting a 9.73% CAGR. This sector encompasses a specialized range of pharmaceutical and biologic agents, such as immunotherapies, chemotherapies, and targeted molecular drugs, all engineered to address malignancies in companion animals. The market's growth is primarily fueled by the increasing life expectancy of pets, which naturally leads to a higher prevalence of age-related cancers, and the strengthening human-animal bond that drives owners to seek veterinary oncology care comparable to human medical standards. Additionally, advancements in diagnostic precision allow for earlier tumor detection, creating an immediate demand for effective interventions beyond basic palliative care.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 467.69 Million
Market Size 2031	USD 816.41 Million
CAGR 2026-2031	9.73%
Fastest Growing Segment	Surgery
Largest Market	North America

A major hurdle to broader market expansion is the high cost associated with advanced oncological regimens, which often restricts access for pet owners without insurance. Despite these financial barriers, overall investment in animal health continues to rise, highlighting the priority owners place on veterinary well-being. According to the American Pet Products Association, veterinary care and product sales in the United States reached $39.8 billion in 2024. This substantial expenditure demonstrates the strong economic foundation supporting the development and commercialization of new cancer therapies, even amidst the challenges posed by the high price points of these sophisticated treatments.

Market Driver

The landscape of the Global Pet Cancer Therapeutics Market is being transformed by the development of novel targeted therapies and immunotherapies, marking a significant shift away from traditional, non-specific chemotherapy. Veterinary oncology is increasingly adopting precision medicine approaches, utilizing monoclonal antibodies and autologous vaccines to enhance clinical outcomes while minimizing adverse effects. This transition towards efficacy-driven innovation is underscored by recent successes in immunotherapy, which provide compelling evidence to owners seeking life-extending options for their pets. for example, Torigen Pharmaceuticals reported in February 2025 that dogs with metastatic hemangiosarcoma treated with their targeted immunotherapy achieved a 3.5-fold increase in overall survival compared to surgery alone, a result that is accelerating the commercial adoption of these advanced agents.

Simultaneously, the expansion of pet health insurance coverage is acting as a crucial financial enabler, alleviating the economic barriers that historically limited access to premium oncological treatments. As insurance penetration deepens, pet owners are better equipped to afford expensive therapeutic regimens, converting latent demand into realized market revenue. The North American Pet Health Insurance Association reported in April 2025 that the total number of insured pets in North America reached 7.03 million at the end of 2024, representing a 12.2% annual increase. This growing financial safety net encourages pharmaceutical companies to invest heavily in their pipelines; for instance, Elanco Animal Health raised its 2025 innovation revenue target to between $660 million and $740 million in May 2025, highlighting the robust commercial potential of bringing next-generation veterinary therapeutics to market.

Market Challenge

The prohibitive cost of advanced oncological regimens presents a substantial barrier to the growth of the Global Pet Cancer Therapeutics Market. Although emerging targeted drugs and chemotherapies offer improved clinical outcomes, their high price points often render them inaccessible to a large segment of the pet-owning population. In the absence of widespread third-party reimbursement, the financial burden falls almost entirely on the pet owner, forcing many clients to forego curative treatment in favor of less expensive palliative options. This economic pressure constrains the addressable market for pharmaceutical developers and limits the return on investment for new drug development.

This constraint is intensified by the limited adoption of pet insurance, which leaves most owners vulnerable to sudden, high-cost medical expenses. According to the North American Pet Health Insurance Association, the total number of insured pets in the United States was 6.4 million in 2024, representing a market penetration rate of just 3.9%. Because the vast majority of companion animals lack coverage, the commercial viability of premium therapeutics is restricted to a narrow demographic, hampering broader market expansion despite the rising incidence of neoplastic diseases.

Market Trends

The application of Artificial Intelligence in treatment selection is revolutionizing veterinary oncology by shifting clinical decision-making from empirical protocols to data-driven precision. AI algorithms now analyze live tumor cell responses and flow cytometry data to predict the efficacy of specific chemotherapeutic agents before administration, significantly reducing trial-and-error in prescribing. This functional precision medicine approach allows veterinarians to tailor regimens to the unique biological profile of each patient, optimizing remission rates and minimizing unnecessary toxicity. According to ImpriMed in September 2024, the company's AI-driven platform had successfully guided treatment for over 7,500 canine and feline blood cancer patients, validating the commercial scalability of algorithmic decision support in routine practice.

Simultaneously, the leveraging of Comparative Oncology and One Health models is accelerating the development of novel therapeutics by utilizing the biological similarities between spontaneous canine cancers and human malignancies. Pharmaceutical developers are increasingly integrating pet dog clinical trials into their R&D pipelines, as canine tumors provide a more predictive model for human drug response than rodent xenografts, granting pets early access to cutting-edge human-grade therapies. This bi-directional benefit is generating high-fidelity clinico-genomic datasets that drive innovation across both species. For instance, FidoCure announced in October 2024 that it analyzed genomic data from 508 pet dog patients to identify targeted therapeutic outcomes that directly inform treatment strategies for both canine hemangiosarcoma and human angiosarcoma.

Key Market Players

C.H. Boehringer Sohn Ko. KG
ELIAS Animal Health, LLC
Zoetis Inc.
AB Science S.A.
Karyopharm Therapeutics, Inc.
Vivesto AB
Merial Inc.
Elanco Animal Health, Inc.
Dechra Pharmaceuticals PLC
Torigen Pharmaceuticals Inc

Report Scope

In this report, the Global Pet Cancer Therapeutics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Pet Cancer Therapeutics Market, By Therapy

Surgery
Radiotherapy
Chemotherapy
Immunotherapy
Others

Pet Cancer Therapeutics Market, By Animal Type

Canine
Feline
Others

Pet Cancer Therapeutics Market, By Cancer Type

Lymphoma
Mast Cell Cancer
Mammary & Squamous Cell Cancer
Others

Pet Cancer Therapeutics Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Pet Cancer Therapeutics Market.

Available Customizations:

Global Pet Cancer Therapeutics Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Pet Cancer Therapeutics Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Therapy (Surgery, Radiotherapy, Chemotherapy, Immunotherapy, Others)
- 5.2.2. By Animal Type (Canine, Feline, Others)
- 5.2.3. By Cancer Type (Lymphoma, Mast Cell Cancer, Mammary & Squamous Cell Cancer, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Pet Cancer Therapeutics Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Therapy
- 6.2.2. By Animal Type
- 6.2.3. By Cancer Type
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Pet Cancer Therapeutics Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Therapy
    - 6.3.1.2.2. By Animal Type
    - 6.3.1.2.3. By Cancer Type
- 6.3.2. Canada Pet Cancer Therapeutics Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Therapy
    - 6.3.2.2.2. By Animal Type
    - 6.3.2.2.3. By Cancer Type
- 6.3.3. Mexico Pet Cancer Therapeutics Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Therapy
    - 6.3.3.2.2. By Animal Type
    - 6.3.3.2.3. By Cancer Type

7. Europe Pet Cancer Therapeutics Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Therapy
- 7.2.2. By Animal Type
- 7.2.3. By Cancer Type
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Pet Cancer Therapeutics Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Therapy
    - 7.3.1.2.2. By Animal Type
    - 7.3.1.2.3. By Cancer Type
- 7.3.2. France Pet Cancer Therapeutics Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Therapy
    - 7.3.2.2.2. By Animal Type
    - 7.3.2.2.3. By Cancer Type
- 7.3.3. United Kingdom Pet Cancer Therapeutics Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Therapy
    - 7.3.3.2.2. By Animal Type
    - 7.3.3.2.3. By Cancer Type
- 7.3.4. Italy Pet Cancer Therapeutics Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Therapy
    - 7.3.4.2.2. By Animal Type
    - 7.3.4.2.3. By Cancer Type
- 7.3.5. Spain Pet Cancer Therapeutics Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Therapy
    - 7.3.5.2.2. By Animal Type
    - 7.3.5.2.3. By Cancer Type

8. Asia Pacific Pet Cancer Therapeutics Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Therapy
- 8.2.2. By Animal Type
- 8.2.3. By Cancer Type
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Pet Cancer Therapeutics Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Therapy
    - 8.3.1.2.2. By Animal Type
    - 8.3.1.2.3. By Cancer Type
- 8.3.2. India Pet Cancer Therapeutics Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Therapy
    - 8.3.2.2.2. By Animal Type
    - 8.3.2.2.3. By Cancer Type
- 8.3.3. Japan Pet Cancer Therapeutics Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Therapy
    - 8.3.3.2.2. By Animal Type
    - 8.3.3.2.3. By Cancer Type
- 8.3.4. South Korea Pet Cancer Therapeutics Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Therapy
    - 8.3.4.2.2. By Animal Type
    - 8.3.4.2.3. By Cancer Type
- 8.3.5. Australia Pet Cancer Therapeutics Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Therapy
    - 8.3.5.2.2. By Animal Type
    - 8.3.5.2.3. By Cancer Type

9. Middle East & Africa Pet Cancer Therapeutics Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Therapy
- 9.2.2. By Animal Type
- 9.2.3. By Cancer Type
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Pet Cancer Therapeutics Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Therapy
    - 9.3.1.2.2. By Animal Type
    - 9.3.1.2.3. By Cancer Type
- 9.3.2. UAE Pet Cancer Therapeutics Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Therapy
    - 9.3.2.2.2. By Animal Type
    - 9.3.2.2.3. By Cancer Type
- 9.3.3. South Africa Pet Cancer Therapeutics Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Therapy
    - 9.3.3.2.2. By Animal Type
    - 9.3.3.2.3. By Cancer Type

10. South America Pet Cancer Therapeutics Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Therapy
- 10.2.2. By Animal Type
- 10.2.3. By Cancer Type
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Pet Cancer Therapeutics Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Therapy
    - 10.3.1.2.2. By Animal Type
    - 10.3.1.2.3. By Cancer Type
- 10.3.2. Colombia Pet Cancer Therapeutics Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Therapy
    - 10.3.2.2.2. By Animal Type
    - 10.3.2.2.3. By Cancer Type
- 10.3.3. Argentina Pet Cancer Therapeutics Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Therapy
    - 10.3.3.2.2. By Animal Type
    - 10.3.3.2.3. By Cancer Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Pet Cancer Therapeutics Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. C.H. Boehringer Sohn Ko. KG
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. ELIAS Animal Health, LLC
15.3. Zoetis Inc.
15.4. AB Science S.A.
15.5. Karyopharm Therapeutics, Inc.
15.6. Vivesto AB
15.7. Merial Inc.
15.8. Elanco Animal Health, Inc.
15.9. Dechra Pharmaceuticals PLC
15.10. Torigen Pharmaceuticals Inc