Pet owners are spending more on their furry family members than ever before: cancer treatments, dental cleanings, even acupuncture. The US veterinary medicine market report by MRFR shows that companion animals (dogs, cats) are the largest segment, and the market is growing at 5.62% CAGR — from $8.87 billion to $16.18 billion by 2035. Why the boom? Because people treat pets like children, and they're willing to pay for advanced care.

What's driving growth? Drugs are the largest product category, but vaccines are the fastest‑growing. The US veterinary medicine market analysis highlights that the oral route of administration is the largest, but parenteral (injectable) is growing faster — especially for biologics and monoclonal antibodies for pets.

What's new? Veterinary telemedicine. Apps that let you consult a vet via video, then get prescriptions delivered. And pet wearables that monitor heart rate, activity, and even detect seizures.

The bottom line: if you're a pet owner, expect to spend more, but also expect better care. Veterinary medicine is catching up to human medicine. And your dog will thank you.