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What Industry-Specific Factors Are Fueling the Growth of theOver-The-Counter (OTC) Pet Medication Market?
The rising pet ownership is expected to fuel the OTC pet medication market. Increasing pet ownership is attributed to the emotional and companionship benefits pets provide. OTC pet medications make it easier for owners to care for their pets. For example, the American Pet Products Association reports that 86.9 million US households owned pets in 2022. Rising pet ownership is therefore contributing to the growth of the OTC pet medication market.
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#What Long-Term Growth Rate is Expected for theOver-The-Counter (OTC) Pet Medication Market Between 2025 and 2034?
The over-the-counter (OTC) pet medication market has grown strongly, rising from $8.73 billion in 2024 to $9.3 billion in 2025 at a CAGR of 6.5%. Growth drivers include rising pet humanization, demand for convenience in pet care, expansion of retail outlets, increasing pet ownership, and evolving regulatory trends.
The OTC pet medication market is expected to grow to $11.81 billion by 2029, with a CAGR of 6.2%. Growth is due to changing consumer attitudes, awareness of preventive pet care, rising pet ownership, expanded product offerings, and demand for OTC pet medications. Key trends include telemedicine integration in veterinary care, natural and organic products, personalized health solutions, e-commerce growth, and focus on preventive care.
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What Key Market Trends and Innovations Are Shaping the Future of theOver-The-Counter (OTC) Pet Medication Industry?
Companies in the OTC pet medication market are developing innovative products like monoclonal antibodies to maintain their position in the industry. For instance, in October 2023, Zoetis Inc., a US-based pharmaceutical company, introduced Bedinvetmab injection and Oclacitinib chewable tablets, FDA-approved for managing pruritus in dogs with allergic dermatitis. These medications are now available for veterinary prescriptions in the US.
Which Companies Are Leading the Charge in Expanding theOver-The-Counter (OTC) Pet Medication Market Growth?
Major companies operating in the over-the-counter (OTC) pet medication market are Pfizer Inc., Merck & Co. Inc., Bayer AG, Novartis AG, Zoetis Inc., Boehringer Ingelheim IN, Elanco Animal Health Incorporated, VCA Animal Hospital Inc., Ceva Sante Animale S.A, Virbac S.A., PetIQ Holdings LLC, Vetoquinol S.A, Norbrook Laboratories Limited, Bimeda Inc., Med-Vet International Inc., Sergeant’s Pet Care Products Inc., Advecta, Zesty Paws, Durvet Inc., Pet King Brands, Animax Ltd., PetArmor
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How is the Global Over-The-Counter (OTC) Pet Medication Market Segemented?
The over-the-counter (OTC) pet medication market covered in this report is segmented –
1) By Medication: Flea And Tick Control, Wormers And Dewormers, Dental Care, Nutritional Supplements, Skin And Coat Care, Pain And Allergy Relief, Other Medications
2) By Pet: Dogs, Cats, Birds, Fishes And Reptiles, Other Pets
3) By Form: Chews And Treats, Capsule And Ointment, Sprays, Other Forms
4) By Distribution Channel: Drug And Pharmacy Stores, Pet Specialty Stores, Veterinary Clinics And Hospitals, Online Retailers, Other Distribution Channels
Subsegments:
1) By Flea And Tick Control: Topical Treatments, Oral Medications, Shampoos And Sprays
2) By Wormers And Dewormers: Oral Wormers, Topical Dewormers, Injectable Dewormers
3) By Dental Care: Toothpaste And Toothbrushes, Dental Chews And Treats, Oral Rinses And Sprays
4) By Nutritional Supplements: Vitamins And Minerals, Joint Health Supplements, Digestive Health Supplements, Immune Support Supplements
5) By Skin And Coat Care: Shampoos And Conditioners, Topical Creams And Sprays, Flea And Tick Sprays
6) By Pain And Allergy Relief: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Antihistamines, Steroid Creams And Ointments
7) By Other Medications: Digestive Aids, Anti-Anxiety Medications, Eye And Ear Care Products
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Which Geographics are Influencing the Growth of the Over-The-Counter (OTC) Pet Medication Market?
North America was the largest region in the over-the-counter (OTC) pet medication market in 2024. The regions covered in the over-the-counter (OTC) pet medication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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