{"id":2413,"date":"2018-03-20T11:11:14","date_gmt":"2018-03-20T18:11:14","guid":{"rendered":"http:\/\/phosdev.com\/todaysveterinarybusiness\/?p=2413"},"modified":"2022-03-10T20:21:14","modified_gmt":"2022-03-10T20:21:14","slug":"animal-health-called-meaningful-economic-driver","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/animal-health-called-meaningful-economic-driver\/","title":{"rendered":"Animal health called \u2018meaningful economic driver\u2019"},"content":{"rendered":"

Just how large is the U.S. animal health industry?<\/p>\n

A study produced by NDP Analytics on behalf of the Animal Health Institute found that $11.4 billion worth of medicines for small and large animals was produced by U.S. manufacturers in 2016. They employed 21,257 people and paid more than $1.2 billion in wages.<\/p>\n

Other segments \u2014 veterinary services, animal production, meat and dairy production, and pet services \u2014 generated a combined $548 billion in output in 2016 and were responsible for 1.4 million jobs, the report revealed.<\/p>\n

\u201cWith more than 67 percent of U.S. households owning pets, it\u2019s undeniable that animals are fully integrated into our daily lives,\u201d said Alexander Matthews, president and CEO of the Washington, D.C.-based Animal Health Institute. \u201cBut it may be surprising to some that the business of keeping those animals healthy, which also helps keep humans healthy, is a meaningful economic driver in every state in the U.S.\u201d<\/p>\n

The study, \u201cThe Economic and Social Contributions of the Animal Health Industry,\u201d is available at http:\/\/bit.ly\/2ptIwQ0<\/a>.<\/p>\n

Among other findings:<\/p>\n