Animal companionship has been found to have a positive influence on human well-being, and the presence of pets can have a subtle yet significant impact on the healthy development of students. Pet companionship takes various forms across different fields in China and other regions worldwide, and the impact of such companionship remains uncertain. Hence, it is imperative to investigate the impact of diverse forms of companionship and animals on multiple facets of student growth and development. This study employed meta-analysis methodologies to examine 47 effect sizes derived from 12 domestic and international studies on pet companionship. The aim was to investigate the overall trends of the influence of pet companionship on student development as well as the effects of diverse types of companionship and pets on different aspects of student development, including physical and mental health, social-emotional abilities, and academic performance. The objective was to enhance the exploration of approaches for maximizing the utilization of various forms of pet companionship. Furthermore, this research suggests a systematic and incremental approach to enhancing the function of pets within households, educational institutions, and medical facilities. Adequate content and organization are essential for scientific advancement and the development of students. In this particular context, it is possible to optimize the impact of pet companionship on the development of students.