Growing demand for veterinary care driven by the increasing humanization and aging of pets
First written in FY2025-H1. 1 of 5 entries say "Restated". Latest entry: FY2026.
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- FY2026Reconfirmed the coexistence of declining pet ownership and rising medical expensesAnnual report
「Spending on veterinary care for pets has been trending upward as pets live longer and the view of pets as family members has become more widespread.」
The underlying trend continues to be one of rising veterinary spending and demand for advanced care as dogs and cats live longer and are increasingly regarded as family members, despite a decline in the number of dogs and cats kept as pets. - 2026-05-13RestatedEarnings
「Demand for veterinary medicine has remained firm, against a backdrop of pets increasingly being regarded as family members, growing health awareness and the aging of pets.」
The continued firmness of demand for veterinary medicine driven by the humanization, health consciousness and aging of pets has been reconfirmed. - FY2026-H1Emphasis on demand growthAnnual report
「As the humanization of pets and health-consciousness accelerate and household spending on pets continues to expand, the underlying trend of rising household spending per household on veterinary hospitals, driven by the humanization and aging of pets, remains unchanged, and we recognize that owners’ demand for more diverse and advanced veterinary care is continuing to increase.」
In addition to the humanization and aging of pets, explicitly cites accelerating health-consciousness and rising pet-related spending, emphasizing expanding demand for veterinary care. - FY2025Coexistence of rising demand and a declining number of animals kept as petsAnnual report
「Although the number of pets is gradually declining, the veterinary market is on an expansionary trend.」
Maintains that the humanization and aging of pets are driving higher spending on veterinary care, while explicitly noting that this coexists with a decline in the number of animals kept as pets. - FY2025-H1First statedAnnual report
「The underlying trend of rising household spending per household on veterinary hospitals, driven by the humanization and aging of pets, remains unchanged, and we recognize that owners’ demand for more diverse and advanced veterinary care is continuing to increase.」
Recognizes structural market demand growth and rising expectations regarding the level of veterinary care.