Companion Animal Health
Dogs, cats and horses have been our trusted companions throughout history and keeping them healthy is a top concern among their caregivers everywhere.
There are several factors influencing the growing demand for medicines, vaccines and related products and services for companion animals:
- Economic development and related increases in disposable income
- Increasing rates of pet ownership
- Longer life expectancy for companion animals
- Increased types of medical treatment now consumed for companion animals
- Advances in animal health medicines and vaccines
Industry sources indicate that pet ownership and spending per pet are increasing globally, especially in emerging markets. For example, Euromonitor data shows that spending on pets is projected to increase 3.3 percent in the United States between 2007 and 2012, but in Latin America it will grow 10.2 percent.
As dogs and cats increasingly become members of the family, people in both developed and emerging markets are consuming a broader range of products and services to help their pets live longer, healthier lives.
The human/animal bond
The connection between human health and animal health goes far beyond the potential spread of infectious disease. Connecting with animals has been shown to be associated with a range of indicators of emotional and physical well-being.
Pet ownership and participation in recreational or competitive equestrian sports are examples of how the human/animal bond improves life for many millions of people worldwide. Veterinary schools have now added topics such as pet bereavement to the curriculum in recognition of how important this bond is.
The human/animal bond does not stop at pet ownership, either. Animals are also used to improve the well-being of people who are socially isolated, such as those in nursing homes, hospitals, hospices and prisons, and to assist those who are hearing-impaired and visually-impaired.