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Companion Animal Healthcare Market Set for Significant Growth by 2032
The Companion Animal Healthcare Market, valued at USD 29.72 billion in 2023, is projected to reach USD 49.11 billion by 2032, growing at a CAGR of 7.44%. Key drivers include rising disposable incomes, increased pet ownership, and heightened awareness of animal health, while challenges involve strict regulations and limited veterinary professionals. The market encompasses a range of products and services, including medicines, diagnostic tests, and nutritional supplements for pets.
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