Did you know that your dog could save another dog's life? Or your cat?

Dogs and cats require transfusions for the same reasons we do: they’re sick, injured or require major surgery for some reason. As veterinary medicine has become more sophisticated, the need for blood products has greatly increased.

CNBC reported on Patricia Kaufman’s Beagle-mix Jake who died 25 years ago from blood loss after surgery. Back then, few vets did transfusions, partly because there was no supply of blood to call on.

We will talk to Jane Wells who says there is a huge gap in the $17 billion veterinarian industry: blood donations.