Articles Companion animals

11 January 2023

Veterinary eye care market to expand by $789 million by 2026

by Katie Pfaff

The global veterinary eye care market is projected to increase by $789 million by 2026, which represents a CAGR of 4.65% since 2021, according to a report by market analysts Technavio.

Rising pet ownership is driving the veterinary eye care services market growth. However, factors such as the stringent regulatory approval process of drugs may impede the growth, according to Technavio.

Increasing awareness of pet insurance will act as a leading trend for the growth of the veterinary eye care market. In that aspect, increased rates of adoption of pet insurance are thought to be based on favorable pet insurance policies.

The U.S. and Canada have high rates of pet insurance adoption, which are likely to lead pet owners to seek additional veterinary care and perhaps spend higher amounts on pets.

Learn more about the report on the company’s website.

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Veterinary eye care market to expand by $789 million by 2026

by Katie Pfaff

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