North America Companion Animal Health Market Size & Outlook
North America companion animal health market, 2018-2030 (US$M)
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North America companion animal health market highlights
- The North America companion animal health market generated a revenue of USD 7,780.1 million in 2022.
- The market is expected to grow at a CAGR of 8.4% from 2023 to 2030.
- In terms of segment, dogs was the largest revenue generating animal type in 2022.
- Cats is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 7,780.1 million |
| Market revenue in 2030 | USD 14,782.1 million |
| Growth rate | 8.4% (CAGR from 2022 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Equine, Cats, Other Animal type |
| Key market players worldwide | Merck & Co Inc, CEVA Inc, Vetoquinol SA, Zoetis, Boehringer Ingelheim, IDEXX Laboratories Inc, Elanco Animal Health Inc, Indian Immunologicals, Virbac SA, Norbrook |
Other key industry trends
- In terms of revenue, North America region accounted for 36.0% of the global companion animal health market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,849.7 million by 2030.
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Companion Animal Health Market Scope
Companion Animal Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America companion animal health market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to companion animal health market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 38.59% in 2022. Horizon Databook has segmented the North America companion animal health market based on dogs, equine, cats, other animal type covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the 37.64% share of companion animal health market in 2020.
This can be attributed to high prevalence of livestock and zoonotic diseases, leading to greater number of animal deaths.
In addition, presence of a large number of established pharmaceutical companies that are extensively commercializing their pharmaceuticals and enhancing their geographical reach is expected to be a key factor responsible for the largest share held by this region.
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Target buyers of North America companion animal health market databook
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Our clientele includes a mix of companion animal health market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America companion animal health market , including forecasts for subscribers. This continent databook contains high-level insights into North America companion animal health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America companion animal health market size, by country, 2018-2030 (US$M)
North America Companion Animal Health Market Outlook Share, 2022 & 2030 (US$M)
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