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Companion Animal Health Market is expected to generate a revenue of USD 43.14 Billion by 2031, Globally, at 8.49% CAGR: Verified Market Research®

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, ‘Companion Animal Health Market Size and Forecast’. This report provides an exhaustive analysis of market trends, growth drivers, challenges, and opportunities, enabling industry leaders to navigate this rapidly evolving sector with confidence.

LEWES, Del., Nov. 27, 2024 /PRNewswire/ — The Global Companion Animal Health Market Size is projected to grow at a CAGR of 8.49% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 22.48 Billion in 2024 and is expected to reach USD 43.14 Billion by the end of the forecast period.

The Companion Animal Health Market is experiencing unprecedented growth, fueled by increasing pet ownership, rising demand for advanced veterinary care, and breakthroughs in pet diagnostics and treatments. From cutting-edge pharmaceuticals to innovative veterinary devices, the report delves deep into the technologies and solutions shaping the future of animal health.

Key Highlights of the Report:

Emerging Trends: Innovations in telemedicine, preventive care, and personalized pet treatments.

Market Segmentation: In-depth analysis of Type, Product, Distribution Channel, End-User, and nutritional supplements.

Regional Insights: Comprehensive breakdown of key markets across North America, Europe, Asia-Pacific, and beyond.

Competitive Landscape: Profiles of major players driving innovation and shaping industry dynamics.

Why This Report Matters to Industry Leaders?

This report is an essential tool for industry leaders, investors, veterinary practitioners, and other stakeholders who aim to harness opportunities in this thriving sector. With data-backed insights, strategic recommendations, and growth forecasts, it empowers decision-makers to stay ahead in a competitive landscape.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=35616

Browse in-depth TOC on ‘Global Companion Animal Health Market Size‘

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value in USD Billion

KEY COMPANIES PROFILED

Merck & Co., Inc., Ceva, Vetoquinol S.A., Zoetis, Boehringer Ingelheim GmbH, IDEXX Laboratories, Inc., Elanco, Indian Immunologicals Ltd., Virbac, Agrolabo SpA, Norbrook.

SEGMENTS COVERED

By Type, By Product, By Distribution Channel, By End-User, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

Global Companion Animal Health Market Overview

Surge in Pet Ownership Trends: The increasing number of pet owners worldwide is a crucial factor for the Companion Animal Health Market. Pets are increasingly being seen as family members, driving up demand for improved veterinarian care, wellness services, and preventive measures. This trend fuels investment in diagnostics, medicines, and pet insurance. Businesses serving this rising audience are expected to see increased profitability, making this sector ripe for innovation and expansion.

Advancements in Veterinary Technologies: Breakthroughs in veterinary technology, such as AI-powered diagnostics, telemedicine, and individualized treatment options, are transforming the companion animal health market. These advances improve care quality and convenience for pet owners while lowering costs for providers. Companies who invest in these technologies gain a competitive edge, accelerating the industry’s growth trajectory and offering new prospects for strategic collaborations and product differentiation.

Increased Awareness of Pet Wellness: Growing concern for pet health and preventive care has revolutionized the Companion Animal Health Market. Pet owners are now prioritizing regular check-ups, vaccines, and customized diets, increasing demand for veterinarian services and health products. This trend encourages businesses to broaden their services and provide comprehensive solutions, enabling sustainable growth prospects and building a customer-centric market environment.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=35616

High Cost of Veterinary Care: The escalating costs of modern veterinarian treatment present a significant problem for the Companion Animal Health Market. Diagnostic equipment, specialist therapies, and surgical procedures can put a strain on pet owners’ wallets, lowering adoption rates. This cost barrier affects firms that rely on high-end solutions, encouraging them to produce cost-efficient alternatives or seek strategic pricing structures to remain competitive.

Limited Access in Rural Areas: Veterinary services remain inaccessible in many rural and underdeveloped areas, limiting the expansion of the Companion Animal Health Market. The absence of clinics, qualified professionals, and infrastructure restricts market penetration. Companies that want to tackle this difficulty can reach into unexplored territories by employing mobile veterinary units and telemedicine, promoting market expansion while resolving accessibility difficulties.

Stringent Regulatory Requirements: The Companion Animal Health Market faces regulatory challenges related to drug approvals, medical devices, and animal health standards. Compliance with various and complex rules across regions impedes the introduction of new products. Businesses must negotiate these barriers through strategic partnerships, strong compliance teams, and new product strategies to ensure continued growth in a competitive regulatory environment.

Geographical Dominance

North America dominates the Companion Animal Health Market, owing to high pet ownership rates, excellent veterinary infrastructure, and significant R&D investments in pet healthcare products. The region’s solid regulatory structure and broad use of pet insurance contribute to market growth. This dominance promotes innovation and attracts significant players looking for market expansion. Businesses working in this region profit from significant expansion opportunities, establishing benchmarks for worldwide market standards and trends.

Key Players

The ‘Global Companion Animal Health Market’ study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Merck & Co., Inc., Ceva, Vetoquinol S.A., Zoetis, Boehringer Ingelheim GmbH, IDEXX Laboratories, Inc., Elanco, Indian Immunologicals Ltd., Virbac, Agrolabo SpA, Norbrook.

Global Companion Animal Health Market Segment Analysis

Based on the research, Verified Market Research has segmented the market into Type, Product, Distribution Channel, End-User, and Geography.

Companion Animal Health Market, by TypeDogsCatsEquineCompanion Animal Health Market, by ProductTherapeuticsDiagnosticsVaccinesPharmaceuticalsOTCCompanion Animal Health Market, by Distribution ChannelRetailE-CommerceHospital PharmaciesCompanion Animal Health Market, by End-UserIn House TestingVeterinary Hospitals and ClinicsReference LaboratoriesCompanion Animal Health Market, by GeographyNorth AmericaU.S.CanadaMexicoEuropeGermanyFranceU.K.Rest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Global Pet Food Market Size by Type (Dry Food, Wet Food, Treats), By Animal Type (Dogs, Cats, Birds), By Distribution Channel (Supermarkets, Pet Stores, Online), By Geography, And Forecast

Global Veterinary Software Market Size By Product (Practice Management, Imaging), Delivery Model (On Premise, Cloud), Practice Type (Small Animal, Mixed Animals), End User (Veterinary Hospitals/Clinics, Reference Laboratories), By Geography, And Forecast

Global Veterinary Diagnostics Market Size By Type (Diagnostic Imaging, Immunodiagnostic Tests, Molecular Diagnostics, Clinical Chemistry, Hematology, Urinalysis) By Application (Infectious Diseases, Cancer, Hormonal Disorders), By Animal Type (Companion Animals, Livestock Animals), By Technology (Polymerase Chain Reaction, ELISA, Diagnostic Imaging), By Geography, And Forecast

10 Best Veterinary Dermatology Drugs Manufacturers for furry little companions

Visualize Companion Animal Health Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis covers over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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commercetools Named a Leader in 2026 Gartner® Magic Quadrant™ for Digital Commerce as AI Reshapes the Market

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commercetools is a Leader in the 2026 Gartner® Magic Quadrant™ for Digital Commerce for the seventh consecutive year.commercetools has been driving AI innovation on how enterprises build, operate and sell, including capabilities like Sphere, Commerce MCP and commercetools for Builders.commercetools is helping global enterprises modernize complex commerce operations and prepare for a future where both people and AI agents discover, shop and transact.

BOSTON, Oct. 22, 2026 /PRNewswire/ — commercetools, the digital commerce AI company, today announced it has been positioned as a Leader in the 2026 Gartner® Magic Quadrant™ for Digital Commerce. This marks the seventh consecutive year commercetools has been recognized as a Leader in the report.

As AI reshapes commerce, commercetools is expanding how it supports the enterprises who build and operate commerce experiences, and the shoppers who use them. Global enterprises including JD Sports, Nederlandse Spoorwegen, Chemist Warehouse and Mirion Technologies are using commercetools to modernize complex digital commerce, accelerate growth and adopt new AI-powered ways of operating and selling.

“Commerce is moving from systems that simply respond to human instructions toward systems that can increasingly understand, decide and act,” said Doug McNary, Chief Executive Officer at commercetools. “We’re proud to be named a Leader for the seventh consecutive year. Enterprises shouldn’t have to choose between the flexibility they need today and the autonomy they’ll need tomorrow. Our focus is giving them the technology to support both.”

Over the past year, commercetools has introduced new products and capabilities designed to bring AI across the commerce lifecycle:

Sphere: Brings together commercetools’ AI-native infrastructure and agent governance through Commerce MCP into a unified platform for enterprises to build, operate and sell with AI.commercetools for Builders: Helps anyone build, extend and evolve enterprise commerce faster with AI.AgentSphere: Lets enterprises build and manage AI agents to run commerce operations and agentic shopping, with appropriate guardrails to do so safely and at scale.Modular commerce offerings: Gives enterprises the flexibility to start with the capabilities they need and expand over time, accelerating time to value without requiring a full commerce transformation upfront.Commerce Integration Layer: Centralizes integration logic behind customer-facing experiences. Storefronts, mobile apps and AI agents connect through a unified layer hosted and maintained by commercetools.Smart Data Modeler: Uses AI to accelerate product data modeling, helping teams build the right foundation faster and reduce time-to-launch.

commercetools’ customers include large enterprises across retail, manufacturing, life sciences, healthcare and telecommunications in markets around the world.

To learn more about commercetools’ position as a Leader, download your complimentary copy of the 2026 Gartner Magic Quadrant report today.

About the Gartner Magic Quadrant for Digital Commerce

Gartner, Magic Quadrant for Digital Commerce Platforms, Aditya Vasudevan, Penny Gillespie, Sandy Shen, Jason Daigler, Mike Lowndes, 19 October 2026

Gartner and Magic Quadrant are trademarks of Gartner, Inc., and/or its affiliates.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

About commercetools

commercetools, the global digital commerce AI company, helps enterprises transform commerce for the AI era. Built API-native from the start and AI-first by design, our technology enables agentic shopping experiences, automates commerce operations and gives businesses the agility to modernize faster, innovate continuously and operate more intelligently.

More than 500 global brands, retailers and enterprise companies rely on commercetools to power their digital commerce. Together, they process more than $100 billion in annualized GMV, over 700 million orders and more than one billion customer records on our platform.

Media Contact: comms@commercetools.com 

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Phylo’s Biomni Lab to expand the use of AI agents in scientific research at Bayer

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SOUTH SAN FRANCISCO, Calif., Oct. 22, 2026 /PRNewswire/ — Phylo, Inc. announced today a partnership with Bayer to deploy Biomni Lab, Phylo’s agentic AI platform to accelerate scientific research and evaluation. 

Under the agreement, Phylo will provide Bayer with full access to its agentic platform that helps Bayer scientists bring together scientific literature, biomedical data, and analytical methods in one environment, reducing the manual effort required to assemble and assess evidence. The platform’s inspectable workflows preserve the context behind each result, allowing researchers to review the underlying sources, methods, and execution and apply their own scientific judgment. Bayer scientists will gain access to Biomni Lab for workflows focused on assembling literature and omics evidence for drug discovery.

“This partnership reflects our belief that AI should expand scientific curiosity, not just speed up routine work. Giving our scientists an AI partner that brings rigor to every step lets them explore more ideas, ask bolder questions, and find the insights that move drug discovery forward, ultimately accelerating the pace at which we can bring new medicines to patients,” said Sai Jasti, Senior Vice President, Head of Data Science & Artificial Intelligence, Bayer Pharmaceuticals R&D.

“For agentic AI to matter in research, it has to earn the trust of the scientists doing the work. Bayer’s selection of Biomni Lab is a strong endorsement of the scientific rigor and AI capabilities we’ve built into the platform,” said Kexin Huang, Ph.D., Co-Founder and CEO of Phylo. “Our vision is an AI-native operating system for biopharma, where every scientist can direct a team of AI agents to pursue complex research questions. With Bayer, we aim to show what becomes possible when AI capabilities meet deep scientific expertise: more hypotheses explored, more discoveries made, and new possibilities for medicine.”

About Phylo

Phylo’s mission is to bring the best agentic intelligence to every biomedical scientist. Its enterprise-grade AI platform, Biomni Lab, is the first Integrated Biology Environment—a unified workspace where scientists collaborate with AI agents across literature research, experimental design, biological data analysis, and scientific decision-making.

Biomni Lab is now used by leading global biopharma, including Bayer, Chugai Pharmaceutical and Ono Pharmaceutical. Phylo is based in South San Francisco, backed by Andreessen Horowitz (a16z) and Menlo Ventures.

For more information, visit phylo.bio. To learn more about Biomni Lab, visit biomni.phylo.bio.

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SOURCE Phylo, Inc.

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Sandler Partners Welcomes Bryan Rias as Director, Sales Engineer, West Region

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New Hire Announcement | Independent Technology Distributor Sandler Partners grows its Sales Engineering team, adding Bryan Rias as Director, Sales Engineer, West Region.

REDONDO BEACH, Calif., Oct. 22, 2026 /PRNewswire/ — Sandler Partners, the leading independent Technology Solutions Distributor, announces the addition of Bryan Rias as Director, Sales Engineer, West Region, further strengthening its dedicated sales engineering team and the technical support available to Partners in the West Region.

Bryan brings more than two decades of experience designing and delivering complex technology solutions, including enterprise and Cloud architecture roles at Lumen/Savvis and IBM focused on infrastructure modernization and customer success. His expertise spans automation, edge computing, disaster recovery, application performance monitoring (APM), and DevSecOps. In his role, Bryan will support Partners across the West Region, aligning early with them on strategy and leading thoughtful discovery to help them find the right fit for each client.

For Bryan, strong relationships and solid values guide his life and form the foundation of his professional success, a perspective that fits naturally within the Sandler Partners community. When he is not working, Bryan spends time with his family, including his wife, three sons, and a grandson, RVing, boating, and biking, along with pursuing his passion for freediving.

“Bryan brings the kind of hands-on experience our Partners value: he’s been in the room on complex deals and knows how to turn a customer’s needs into the right solution,” says Justin Marano, Chief Revenue Officer, Sandler Partners. “He came to Sandler for the freedom to work across best-of-breed Providers, and our Partners in the West will feel that right away. He’s collaborative, grounded, and focused on helping Partners win. I’m excited to have him on the team.”

“I’m excited to get to work alongside our Partners, helping them navigate complex opportunities and bring clarity to technical decisions,” says Bryan. “For me, it all comes back to relationships. When you build them on trust and shared values, the results follow for our Partners and their clients. That’s something that the Sandler community really embodies, and I look forward to getting to work with our Partners!”

About Sandler Partners
Sandler Partners helps empower its network of leading independent Sales Partners to deliver a comprehensive range of technology solutions to organizations worldwide, including Cybersecurity, Artificial Intelligence (AI), Connectivity, Cloud, Colocation, Mobility, Internet of Things (IoT), and Continuity. Its community-focused approach enables Partners to identify the right solutions for customers quickly and objectively from a diverse portfolio of 220+ Providers. Partner sales agents, VARs, and MSPs gain access to an innovative suite of sales tools within the Sandler Portal—including SCOUT, Solutions Finder, Scout for Solutions, and the Marketing Center—several of which are AI-powered, all backed by a robust support network, dedicated Sales Engineering expertise, and rich marketing resources. Together, these tools and resources empower Partners to focus on what they do best: delivering quality, value, performance, innovative solutions, unmatched expertise, and exceptional service to their clients. Members of the Sandler Partners community also benefit from the industry’s strongest negotiated agreements and a dedicated team committed to ensuring commissions are accurately identified, tracked, and paid. For more information, visit www.sandlerpartners.com.

Sandler Partners – Media Contact
Tina S. Dyksterhouse
tina@sandlerpartners.com
310-861-2295

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SOURCE Sandler Partners

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