The North American Veterinary Community (NAVC) and the Michelson Found Animals Foundation (MFA), prominent figures in the veterinary industry and animal welfare domain, have announced a groundbreaking collaboration aimed at reshaping the trajectory of animal health and well-being worldwide. This partnership, heralded as a pivotal moment in the $300+ billion animal health and pet care sector, is poised to redefine the future landscape of animal care well into the next decade.
Central to this alliance is the inauguration of Compass, an annual global conference designed to serve as a nexus where industry titans, innovators, investors, and thought leaders converge to deliberate and envision the future of animal health and pet care. Set against the backdrop of the Gaylord National Harbor, the inaugural Compass event is scheduled for April 10-11, 2025, and invites media participation at no cost.
Gene O’Neill, CEO of NAVC, emphasized the expanding role of animals in contemporary society, underscoring the need for innovative strategies and a unified global approach to support their evolving place in human lives. Compass, he stated, offers a transformative platform for international industry leaders to engage in forward-looking discourse and collaborate with stakeholders from diverse sectors, propelling the field towards unprecedented advancements.
Compass is poised to delve into multifaceted dimensions of the animal health and pet care domain, encompassing evolving consumer trends, future retail dynamics, veterinary industry evolution, regulatory frameworks, technological innovations, and investment prospects. By fostering dialogue across these critical arenas, Compass aims to catalyze novel solutions and drive meaningful progress in animal welfare on a global scale.
Brett Yates, CEO of MFA, echoed O’Neill’s sentiments, asserting that Compass represents a pivotal forum for industry stakeholders to coalesce around shared objectives. By facilitating discussions on investment strategies, technological advancements, regulatory policies, and societal challenges, Compass aims to chart a course towards a more sustainable and humane future for animals worldwide.
The inaugural Compass event will feature a diverse array of topics spanning the animal health ecosystem, including:
Investing and Entrepreneurship: Exploring evolving investment strategies and identifying emerging trends for investors and entrepreneurs.
Technology and Development: Delving into the role of AI in animal health and pet care, preventative health management, and the integration of wearable technologies for health monitoring.
Market Dynamics and Consumer Behavior: Navigating future industry trends, pharmaceutical innovations, eCommerce dynamics, and manufacturing opportunities.
Regulatory Policy and Legislative Development: Initiating discussions on legislative frameworks to enhance animal well-being and unlock future potential.
Pet Healthcare Professionals and Medical Innovations: Examining parallels between pet and human health systems, advancements in diagnostics and pharmaceuticals, and the role of nutrition and exercise in pet health.
Infrastructure and Environmental Design: Proposing innovative approaches to infrastructure design to accommodate the evolving needs of animals and pet owners.
Industry Advocacy and Nonprofit Perspectives: Addressing social issues impacting pets and their owners, ethical considerations in animal welfare, and fostering diversity and inclusion in the sector.
Compass aims to assemble a diverse array of stakeholders, including investors, veterinary professionals, retailers, policymakers, researchers, and philanthropic organizations, to collectively shape the future trajectory of the animal health and pet care sector.
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