The News
Study: Pet care industry is booming
WASHINGTON, June 26 (UPI) -- The American Chemical Society said U.S. pet owners spent $18.5 million last year on veterinary care, medications and other non-food pet supplies.
And as people around the world devote more of their income to keeping pets healthy and comfortable, pharmaceutical companies are devoting more research to pet health.
Writing in the ACS journal Chemical & Engineering News, Associate Editor Rachel Petkewich reported the amount of money spent on pet care in the United States is expected to grow by more than 6 percent annually. And that, she said, is spurring global pharmaceutical companies best known for making human medicines to devote more research dollars for their animal health divisions.

The Research
Read the research behind this story in Chemical & Engineering News.