United States Companion Animal Health Market Report 2022: Market to Reach $11.39 Bn by 2030 - Rising Number of Companion Ownership - ResearchAndMarkets.com
The rising number of pet owners seeking better healthcare services, healthier quality foods, and high-end grooming and training services for their companion animals is a major driver for this market.
- The rising number of pet owners seeking better healthcare services, healthier quality foods, and high-end grooming and training services for their companion animals is a major driver for this market.
- With the rising adoption of companion animals and growing concerns over their health, there comes a direct association with pet insurance.
- Approval of novel therapeutics and companion animal vaccines continues to present this market with lucrative growth opportunities.
- Companies are adopting various strategies to gain competitive advantages, such as new product development, partnerships, mergers and acquisitions, collaborations, and regional expansion.