Pet Healthcare Spending on the Rise: Stocks to Watch in 2026

Pet healthcare spending has doubled to $39.8 billion over the past five years and is projected to reach $112 billion by 2030. Companies like Zoetis Inc, IDEXX Lab, Elanco Animal Health Incorporated, Trupanion Inc, and PetVivo Holdings are poised to benefit from this trend. Zoetis, the industry leader in veterinary medications and vaccinations, has seen revenue grow 8% to $9.26 billion in 2024, with a net income of $2.5 billion. The company's top products include Revolution Plus, Librela, and Simparica.