Companion Animal Health Size is Projected to be USD 66.0 Billion by 2035; Increased Adoption of Pets is Driving Market Growth Globally | SNS Insider
Industry development with potential relevance for veterinary professionals, companion animal care, and animal health stakeholders.
Rising veterinary costs and growing owner expectations are reshaping the economics of companion animal care.
According to the announcement, Companion Animal Health Size is Projected to be USD 66.0 Billion by 2035; Increased Adoption of Pets is Driving Market Growth Globally | SNS Insider. The development is relevant because it reflects how animal health companies, service providers, and technology platforms are responding to changing expectations in veterinary care.
What Was Announced
Austin, May 22, 2026 (GLOBE NEWSWIRE) -- According to SNS Insider, The Companion Animal Health Market size was valued at USD 28.5 Billion in 2025 and is expected to reach USD 66.0 Billion by 2035, growing at a CAGR of 8.74% over 2026-2035. The Companion Animal Health market is experiencing a series of development and growth, due to the worldwide trend of pet humanization, adoption of pets in both underdeveloped and developed nations, and the adoption of advanced medical practices by veterinary professionals.
The U.S. Companion Animal Health Market was valued at USD 8.1 Billion in 2025 and is expected to reach USD 18.4 Billion by 2035, registering a CAGR of 8.63% during 2026-2035. U.S. Companion Animal Health Market is leading the world in market size with a total of 86.9 million pet owner families, accounting for 66% of the total number of U.S. families, superior veterinary care facilities, and high per capita spending on pet health globally.
Why This Matters for Veterinary Professionals
For veterinary teams, broader insurance adoption can influence treatment acceptance, client communication, and access to advanced diagnostics or specialty care.
Financial limitations remain one of the most common barriers to advanced veterinary care. Greater insurance penetration may help some pet owners pursue diagnostics, surgery, chronic disease treatment, and preventive care with less immediate pressure from out-of-pocket costs.
Industry Perspective
The expansion of pet insurance reflects a wider shift in which financial tools are becoming part of the veterinary care conversation.
While individual announcements should be interpreted in the context of their source, they can help veterinary professionals monitor where investment, innovation, and market attention are moving across the animal health sector.
Original announcement: Zoetis — https://www.globenewswire.com/news-release/2026/05/22/3300059/0/en/companion-animal-health-size-is-projected-to-be-usd-66-0-billion-by-2035-increased-adoption-of-pets-is-driving-market-growth-globally-sns-insider.html
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