Companion Animal Health Market expected to grow at a CAGR of 9.2% from 2021 to 2028
Companion Animal Health Industry Overview The global companion animal health market size is anticipated to reach USD 37.49 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 9.2% from 2021 to 2028. Growing pet adoption, rising cases of acute & chronic health conditions in pets, and availability of pet insurance are the factors responsible for the growth of this market. Companion Animal Health Market Segmentation Grand View Research has segmented the global companion animal health market on the basis of animal type, product, distribution channel, end-use, and region: Based on the Animal Type Insights, the market is segmented into Dogs, Equine, Cats and Others. In 2020, the dogs animal type segment dominated the market with a revenue share of more than 40%. As per the Holland Insurance Company Pty. Ltd., India’s pet dog population is growing at an exponential rate owing to urbanization and mil...