Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Packaged Facts Pet Medications in the US, 8th Edition

Pet Medications in the US, 8th Edition

Industry Reports, United States

Report Overview

For more than a year, the US has seen unrelenting inflation across all consumer packaged goods categories, and pet owners have not been spared. During 2022, the Consumer Price Index (CPI) was up 9.2% for pets/pet products, according to the US Bureau of Labor Statistics (BLS). For the pet medications market, 2020 and 2021 were boom years, but the market’s lackluster 3.7% growth during 2022 is actually indicative of unit sales losses stemming from higher prices, fewer veterinary visits, and a declining dog population. Also crimping dollar sales growth is the entry of less expensive generic options into the market upon patent expiration, particularly as these generic versions infiltrate brick-and-mortar and online channels, where margins are lower.

Table of Contents

    • $2,669.32

      • $1,121.12

        • $323.44

        • $323.44

        • $354.94

        • $323.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

      • $845.11

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

    • $4,528.13

      • $323.44

      • $381.92

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $723.99

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $3,959.40

        • $416.70

        • $466.08

        • $628.19

        • $323.44

        • $323.44

        • $745.35

        • $323.44

        • $388.13

        • $383.77

        • $323.44

        • $323.44

      • $323.44

        • $323.44

      • $1,512.25

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $502.85

        • $323.44

      • $1,122.92

        • $323.44

        • $323.44

        • $395.54

        • $416.65

        • $323.44

    • $2,042.34

      • $323.44

      • $323.44

        • $323.44

      • $592.70

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $1,266.55

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $441.14

    • $2,057.57

      • $323.44

      • $323.44

        • $323.44

      • $498.05

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $1,400.22

        • $342.85

        • $871.27

        • $323.44

        • $323.44

        • $323.44

    • $1,536.17

      • $323.44

      • $723.87

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $717.92

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

At the same time, a strong pipeline of patented prescription drugs is helping to keep dollar sales growing. The pet medications market surpasses $12 billion for the first time in 2022, and Packaged Facts expects growth to continue at a modest but steady pace through 2027. Pet health remains the foremost market driver, bolstered by the pandemic and the intensified human/animal bond. Also working in the market’s favor is more convenient access to prescription pet medications available online, with Chewy.com, WalmartPetRx.com, Petco.com, and PetSmart.com all diving in headfirst. Pet medications marketers continue to invest heavily in research, incorporating promising developments in human health to bring new treatment options to ailing pets.

Pet Medication Sales Threated by Higher Prices, Drop in Vet Usage

Pet medications benefited from pet owners’ pandemic heightened health awareness and closeness with their pets, but as inflation has taken its toll on pet owners’ wallets, many dog and cat owners have, at least for the time being, placed pet medications in the discretionary category. Among prescription pet medication purchasers, although 35% increased their spending in 2022 compared to 2021, 8% decreased their spending. Millennials and Gen-Xers are especially likely to have decreased their spending, at 12% each.


Pet Medications Among Top Pet Health Products

Along with “pets as family”, pets owners’ focus on the health and wellness of their furry family members remains a market linchpin. While pet health was already the foremost pet market driver pre-pandemic, it grew in stature during lockdowns because humans were in closer contact with their pets and sharing some of same health concerns, such as immune response and managing anxiety. Data from Packaged Facts’ February 2023 Survey of Pet Owners underscore the high level of health awareness, with the majority of them – 68% of dog owners, 67% of cat owners, and 66% of other pet owners – agreeing that they look for products to improve their pet’s health and wellness. In the same survey, as in previous pet owner surveys conducted by Packaged Facts, although pet food tops the list as the “most important” pet health product – cited by 81% of pet owners – flea/tick medications (57%) and heartworm medications (47%) take the number two and number three spots.

Purchase Options

Purchase Report

Select your license:

  • $4,500.00
  • $6,750.00
  • $9,000.00
  • — —
    Section prices in Table of Contents

Subscription Options

License by subscription

Check to see if this report is available through our subscription services.

Subscription Pricing
Already have a subscription? Log in.

Free Sample Report

A free sample report is available.

Questions & Assistance

Our representatives are available to help answer your questions.

Live Chat is Offline
Email us

Share This Report

Copied to clipboard. Could not copy to clipboard.

Download a Free Sample Report Now

Sample Reports include examples of all the tables, charts, infographics and topics included in this study.

Use Licenses

The Single User License (SUL) authorizes a single individual to use the electronic study acquired. Agreement to the SUL is required in order to purchase the study. If you require more than one user a Departmental Site License or Global Site License should be purchased. 

The Departmental Site License (DSL) authorizes up to five users to share the study acquired. Agreement to the DSL is required in order to purchase the study. If your organization requires more than five users, the Global Site License should be purchased.

The Global Site License (GSL) allows everyone in your organization to share the study intelligence. Agreement to the Global Site License terms is necessary in order to purchase it. 

FAQs

Parasiticides include heartworm preventatives, flea/tick preventatives, and heartworm/flea combo products, and other dewormers.
Pet owners are increasingly focuses on the health and well-being of their pets, and the pet medications market has benefited from this heightened awareness.
US retail sales of pet medications reached $12 billion in 2022, inclusive of sales through veterinarians, brick-and-mortar stores, and online retailers.
 
Top marketers of pet medication in the US include Zoetis, Boehringer Ingelheim, and Elanco.
;

Related Reports and Studies

  • Pet Supplements in the US, 9th Edition

    Industry Reports

    The report provides an in-depth examination of the CBD market, following trends in regulation, consumer perceptions, new product development, and marketing.

    March 2023 208 pages
    Free sample available
  • Veterinary Services in the U.S.: Competing for the Pet Care Customer, 3rd Edition

    Industry Reports

    With human health concerns elevated in the face of COVID-19, pet owners’ heightened focus on the health of their fur children has been a natural side effect, especially as they rely even more heavily on their pets for companionship and comfort.

    January 2022 146 pages
    Free sample available
  • Durable Dog and Cat Pet Care Products in the U.S., 4th Edition

    Industry Reports

    The impact of the coronavirus pandemic continues to play out in the durable pet product market.

    May 2022 353 pages
    Free sample available
  • U.S. Pet Product Retail and Internet Shopping Trends, 4th Edition

    Industry Reports

    This report provides a data-rich analysis of pet product retail sales and shopping patterns in the U.S.

    January 2023 204 pages
    Free sample available
  • Pet Food in the U.S., 16th Edition

    Industry Reports

    Despite the challenging conditions of the past few years, the pet food market has proven to be as resilient as ever, bolstered by U.S. pet owners’ willingness to spend on their beloved “fur babies” even in the midst of a health and economic crisis.

    September 2022 250 pages
    Free sample available
View More

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define a service offering to meet them.
Learn About Our Custom Research Services

Stay informed with Freedonia

Receive periodic updates about new market research in areas relevant to your business. Have the convenience of Freedonia research at your fingertips when you need it.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Motor Vehicle Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.