The Veterinary Services Global Market Report 2023 by The Business Research Company, provides veterinary services 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 Veterinary Services Global Market Report 2023, the market size will grow from $131.15 billion in 2022 to $142.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. 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, surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The market size of veterinary services is expected to grow from $193.21 billion in 2027 at a CAGR of 7.8%.
Global meat production is expected to rise in the forecast period, supporting the growth of the veterinary healthcare market.
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The veterinary services market is segmented:
1) By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services
2) By Type of Animal: Livestock, Companion Animals
3) By Type of Expenditure: Public, Private
4) By Type of Service: Onsite, Offsite
Subsegments Covered: Routine Examinations, Non-surgical Procedures, Surgical Procedures, Pet Animals Laboratory Testing Services, Livestock Laboratory Testing Services
Telemedicine is gaining traction as this technology enables pet owners to get access to quality care from remote locations. Telemedicine is a subset of telehealth that includes remote clinical and non-clinical elements of the healthcare system. It refers to the direct communication between veterinarians and clients via communication systems such as phones, mail, and video conferencing technologies. This technology also helps in improving existing veterinarian-client-patient relationships. Busy lifestyles and consumers’ preference for personalised services are driving the demand for telemedicine services. For instance, some of the veterinary clinics offering telemedicine include Televet, Fuzzy Pet Health, and Healthpets.
The veterinary services market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Veterinary Services Market Characteristics
4. Veterinary Services Market Product Analysis
5. Leading Products/ Services
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21. Veterinary Services Market Competitive Landscape
22. Key Mergers And Acquisitions In The Veterinary Services Market
23. Market Background: Veterinary Healthcare Market
24. Recommendations
25. Appendix
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