Growing Companion Animal Healthcare Industry in India
Companion Animal Healthcare Industry in India - Huge Opportunities Ahead Twitter Handle: @shuchi_nahar Overview The global companion animal market size in 2019 was worth US$ 12.54 billion and expected to reach US$ 19.18 billion by 2024 with a growth rate at a CAGR of 6.26%. The Indian animal health market is currently witnessing strong growth and expected to achieve a CAGR of 5.5% between 2020 and 2025. The animal healthcare sector in India has witnessed a paradigm shift over the last few years because of the adoption of innovative technologies used for prevention and cure of farm and companion animals. Growing urbanization, changing lifestyle, and increase in per capita income have encouraged pet ownership as well as increased willingness to pay for pets, healthcare has supported the growth of Animal Healthcare. Scope Pets have evolved from being a strange and wonderful distraction to an integral part of families all over the world. As human populations have grown, so to...