Veterinary Drugs Market Growth Accelerates as Demand Surges for Animal Healthcare Solutions
The Global veterinary drugs market is projected to reach around US$ 121.2 billion by 2034, up from US$ 53.1 billion in 2024. This represents a strong CAGR of 8.6% from 2025 to 2034. A key factor driving this growth is the rising rate of pet ownership. More people now treat pets as family members, especially in urban areas. As awareness of animal health increases, so does the demand for medicines like antibiotics, vaccines, and pain relievers. This trend is expected to continue, especially in regions where pet care services are becoming more accessible. Another important factor is the increase in animal diseases, including infections, arthritis, and diabetes. The World Organisation for Animal Health (WOAH) emphasizes the importance of monitoring such conditions to protect both animals and humans. Zoonotic diseases, which spread between animals and humans, are also on the rise. This has led to growing demand for effective treatments in clinics, farms, and shelters. The focus on ...