Global Veterinary Services Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
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May 2023
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This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Veterinary Services Market Overview
"The Veterinary Services Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Veterinary services refer to different services provided to animals for diagnosis, treatment, and prevention of diseases and injuries. These services are for both companion and production animals. These veterinary services are easily available and include all kinds of facilities, systems, solutions, and services intended for animal health welfare, including diagnostics, hospitalization, dentistry, medication, surgery, nursing, specialist referral, alternative therapies, medical devices, and different behavioral therapies that are performed by a veterinarian.
A key factor that is fueling the growth of the global veterinary services market is the increasing prevalence of various food-borne and zoonotic diseases. Veterinary services are crucial in protecting animal health & welfare and ensuring safety while transporting animals. Moreover, it also safeguards public health by ensuring food safety around the globe.
According to the Organization for Animal Health (OIE), there is an increasing demand for various animal-sourced food globally, which includes the demand for meat. The adoption of veterinary services has been increasing globally due to the growing number of initiatives by governments to ensure food and biosecurity. To put this in practice, OIE has been consistently issuing guidelines to eliminate risks and potential biological hazards associated with both production and companion animals.
In addition, the demand for veterinary services has been increasing due to a steady rise in the global pet population. As part of ensuring animal welfare, veterinary service providers and veterinarians encourage pet owners to employ the use of these veterinary services. Also, pet care expenditure has been on the rise as a number of pet owners perceive their pets to be a vital part of their families.
Additionally, rising disposable incomes of consumers are projected to drive the growth of the global veterinary service market over the years to come. Initiatives by governments and continuous research & development regarding veterinary services are expected to create growth opportunities for key market players over the foreseeable future.
Global Veterinary Services Market Segment Analysis:
By Animal Type: The production animal segment accounted for the highest revenue share. This can be attributed to increasing initiatives by different government organizations with respect to food safety and sustainability.
By Service: The physical health monitoring segment is expected to continue to account for the majority revenue share over the next ten years. This can be attributed to rising concerns of pet and production animal owners with respect to the health status of their animals.
Global Veterinary Services Market Regional Analysis:
The veterinary services market in North America is projected to continue to account for the majority revenue share over the foreseeable future. This can be attributed to an increase in the number of pet owners and rising concerns regarding the health of pets and other animals in the region. In addition, initiatives by the government to safeguard the health of animals is also contributing to market growth in the region.
Global Veterinary Services Market Segmentation:Â
By Animal Type:
- Production Animal
- Cattle
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- Artificial Insemination
- Hoof Care
- Diagnostic Services
- Others
- Poultry
- Biosecurity
- Reproductive Consulting
- Diagnostic Services
- Others
- Swine
- Biosecurity
- Reproductive Consulting
- Diagnostic Services
- Others
- Others
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- Companion Animal
- Dogs
- Dental Care
- Vaccinations
- Grooming
- Diagnostic Services
- Others
- Cats
- Dental Care
- Vaccinations
- Grooming
- Diagnostic Services
- Others
- Horses
- Hoof Care
- Dental Care
- Artificial Insemination
- Grooming
- Others
- Others
- Dogs
By Service:
- Diagnostic Tests and Imaging
- Physical Health Monitoring
- Surgery
- Dental Care
- Grooming
- Vaccination
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn - Production Animal
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- Addison Biological Laboratory Inc.
- Animart LLC
- CVS Group Plc.
- Ethos Veterinary Health
- Greencross Limited
- Idexx laboratories
- Mars Inc.
- National Veterinary Care Ltd.
- Patterson Companies Inc.
- Pets at Home Group Plc.
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