Source of growth in the companion animal market

03.04.2025

Source of growth in the companion animal market🐶​
In the past decade, the companion animal market has been particularly dynamic - growing at a 6.6% CAGR since 2015.​

#Innovation 🔬 has played a key role in this growth, with 66% of market expansion attributed to growth from #NewLaunches. Of the growth from new launches, 70% was driven by sales of new parasiticides. ​

With recent developments, a big question remains: What will be the #NextFrontiersOfInnovation? 💡​

If you want to learn more, visit our latest Animal Health Industry Report written in the context of the 10th anniversary of the AHNTI Europe event (@AnimalHealthInnovation) here: https://sc.group/animal-health-industry-report/​

#CompanionAnimalHealth #Innovation #R&D #AnimalHealthTrends