Elanco's CEO says the industry has already extended pet lifespans through better care, vaccines and nutrition, and Elanco is working on treatments for diseases that kill pets, which could add another five to ten years and supports the company's animal health pipeline.
US pet spending is projected to reach $165 billion in 2026 as owners extend human longevity and wellness trends to their pets, supporting demand for veterinary visits, pet food, toys, supplements, longevity drugs and red light therapy.