Companion Animal Medicine Market To Expand Industry Growth At USD 32.8 Billion By 2028
San Francisco, 21 March 2022: The Report Companion Animal Medicine Market Size, Share & Trends Analysis Report By Animal Type (Dogs, Cats, Horses), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2021 - 2028 The global companion animal medicine market size is anticipated to reach USD 32.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.6% from 2021 to 2028. The key factors driving the market for companion animal medicine include the rising pet population, the prevalence of diseases, and the availability of pet insurance. In Canada for example, 58% of households owned at least one dog or cat in 2020, according to the Canadian Animal Health Institute (CAHI). CAHI also reported a surge in feline vet visits following the start of the COVID-19 outbreak in 2020. The COVID-19 pandemic notably affected the market for companion animal medicine. The im