The market for pet medications was $5 Billion in 2007 and is forecast to grow to $8 Billion by 2012. As pets live longer due to better diets and health care this aging population needs medications to prevent the ailments of old age.
"Pets are living longer because their owners are taking better care
of them, both medically and nutritionally," says Tatjana Meerman, Publisher of
Packaged Facts. "Even more important perhaps, longer lives mean ever stronger
emotional bonds between pets and their owners, and thus an increased willingness
among pet owners to do whatever it takes to keep their pets healthy and happy
for as long as possible."
Read full article: Market Watch
Read full article: Market Watch
