The Animal Hospitals And Veterinary Clinics Global Market Report 2023 by The Business Research Company, provides animal hospitals and veterinary clinics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Animal Hospitals And Veterinary Clinics Global Market Report 2023, the market size is expected to grow from$107.76 billion in 2022 to $117.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global animal hospitals and veterinary clinics is expected to grow to $157.02 billion in 2027 at a CAGR of 7.6%.The rise in the adoption of companion pets globally is driving the animal hospitals and veterinary clinics market demand. The key factor behind this rise in adoption is the increasing humanization of pets, as an increasing number of pet owners are accepting pets as family members. According to the American Veterinary Medical Association report, there was a correlation between the degree of human-animal bond and pet spending.
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The animal hospitals and veterinary clinics market is segmented:
1) By Type: Consultation, Surgery, Medicine, Other Types
2) By Animal Type: Farm Animals, Companion Animals
3) By End User: Animal Care, Animal Rescue, Other End Users
Many veterinary care service providers are adopting big data technologies to provide better treatment for pets, livestock, and animals. This technology is used to diagnose and assess potential diseases. Big data enables veterinarians to identify the diseases affecting cattle and pets in various locations and regions. For instance, Bayer Healthcare Animal introduced applications to assess potential signs of diseases in animals, thus enabling faster diagnosis and treatment of disease conditions. Some of the major veterinary care providers opting for big data analytics to treat pet health issues are VCA Inc., Banfield Pet Hospitals, and Greencross Limited.
The animal hospitals and veterinary clinics market report table of contents includes:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
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18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Animal Hospitals And Veterinary Clinics Market, Conclusions And Recommendations
22. Appendix
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