According to the American Pet Products Association, 62% of households in the United States (72.9 million) owned at least one pet in 2011. From 2006 to 2011, the price of veterinary care increased 46%. Data show the amount pet owners spent on veterinary services in 2011. This was slightly more than 25% of all pet-related spending by pet owners. In 2012, spending on veterinary care is expected to rise to $13.6 billion.

Geographic reference: United States
Year: 2011
Market Size: $13.4 billion
Source: “Industry Statistics & Trends,” American Pet Products Association, available online here and ASPCA Pet Health Insurance: New Member’s Guide to Coverage, 2012.
Posted on September 18, 2012