The Companion Animal Drugs Market is driven by rising pet expenditure

According to Coherent Market Insights, The Global Companion Animal Drugs Market is estimated to be valued at US$ 34,248.4 Mn in 2020 and is expected to exhibit a CAGR of 5.3% over the forecast period 2020-2027.

The companion animal drugs market consists of pharmaceuticals used for treating animal disease of companion animals such as dogs, cats, and horses. The drugs include medications for pain, arthritis, infections, and others. Companion animal drugs help improve the health and wellness of pets and address disease conditions. The increased bonding between humans and pets has augmented the usage of drugs to ensure animal welfare and quality of life. Veterinary healthcare expenditure per companion animal has witnessed an uptrend over the past decade due to growing pet humanization trends. According to statistics, the average pet expenditure in developed nations surpassed US$ 500 per year.

Companion Animal Drugs Market- https://themediumblog.com/read-blog/162965

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