PRISM MarketView announced the launch of its PRISM PetCare Index, designed to track publicly traded companies that are driving growth and innovation across the global pet care sector. The index focuses on companies advancing veterinary services, pet pharmaceuticals, insurance, diagnostics, premium nutrition, digital health platforms, and pet-focused retail. Industry analysts project the global pet care market will exceed $350 billion over the next several years, supported by steady growth in companion animal healthcare, premium nutrition, and subscription-based services.
The creation of this index reflects significant transformations occurring within the pet care industry. As consumers increasingly view pets as family members, demand is accelerating for preventative healthcare, specialty therapeutics, tele-veterinary services, insurance coverage, and personalized nutrition. PRISM MarketView reviewed companies positioned to benefit from these long-term secular trends, with a particular focus on recurring revenue models, digital health innovation, and the premiumization of products and services.
Among the companies included in the index is Elanco Animal Health (NYSE: ELAN), a global animal health company developing pharmaceuticals, vaccines, and wellness products. Its companion animal portfolio includes parasiticides, dermatology treatments, and chronic condition therapies sold through veterinary and retail channels worldwide. The company continues to focus on portfolio optimization, margin expansion, and balance sheet improvement while advancing new product innovation in pet therapeutics.
Another key component is Chewy (NYSE: CHWY), a leading direct-to-consumer e-commerce platform for pet food, supplies, pharmacy services, and healthcare products. Its Autoship subscription program drives recurring revenue and customer retention across millions of active customers. The company continues expanding higher-margin categories such as Chewy Health, private label, and advertising while investing in operational efficiency and veterinary services.
The index also features Trupanion (NASDAQ: TRUP), which provides subscription-based medical insurance for cats and dogs, reimbursing veterinarians directly for eligible treatments. The company generates recurring revenue through monthly policies and emphasizes long-term pet lifetime value. Management remains focused on disciplined underwriting, technology investment, veterinary partnerships, and gradual expansion as pet insurance adoption increases across North America.
The launch of this specialized index provides investors and industry observers with a focused tool to monitor a sector experiencing robust growth driven by demographic and consumer behavior shifts. The move toward premium products, digital health solutions, and subscription models represents a fundamental change in how pet care is delivered and consumed. For more information, visit https://prismmarketview.com. Additional coverage of the announcement can be found at https://newsramp.com/newswire/prism.
