Animal Health Market Global Trends And Revenue Growth Up
Animal Health Market Summary The global animal health market size was valued at USD 62.89 billion in 2024 and is projected to reach USD 112.33 billion by 2030, growing at a CAGR of 10.46% from 2025 to 2030. Factors driving this market growth include rising expenditure on animal health, increasing adoption of Artificial Intelligence across veterinary technologies, evolving regulatory frameworks, and the growing prevalence of animal diseases. Additional contributors include rising concerns over zoonotic infections, greater involvement of leading companies in innovation, expanding uptake of pet insurance, and the ongoing shift toward pet humanization, which has significantly increased demand for advanced healthcare solutions. However, the most influential factor shaping the market is the rapid incorporation of AI into various areas of the animal health sector. In January 2025, Absci and Invetech announced a partnership to leverage Absci's generative AI drug creation plat...