Animal Drugs Market Size

Animal Drugs Market Size

Animal Drugs Market size crossed USD 35 billion in 2022 and is projected to expand at a 5.4% CAGR from 2023-2032.

Increasing cases of obesity in companion animals will affect animal drugs industry dynamics. Obesity is a major healthcare concern among pet parents and in animal husbandry as it induces a higher risk of osteoarthritis & diabetes mellitus, reduces the quality of life, and shortens life span.

Due to increasing incidences of animal obesity, the demand for animal drugs is anticipated to pick up pace in the near future. As per the Veterinary Centers of America (VCA) data, approximately 25% to 30% of the general dog population in the U.S. is obese, with 40%-45% of dogs within 5-11 years of age weighing more than the ideal body mass index (BMI).