South Korea Veterinary Services Market Overview, 2028

South Korea Veterinary Services Market Overview, 2028

South Korea is urbanised, with a significant portion of the population residing in cities. Urban living often encourages pet ownership, leading to a concentration of veterinary clinics and services in these areas. South Korea has modernised its veterinary care services, with clinics and hospitals equipped with advanced medical equipment and technologies. This has improved the quality of care available for pets. Specialised veterinary services have become more common, including those related to dermatology, cardiology, ophthalmology, orthopaedics, and oncology. This specialisation allows pets to receive more focused and advanced treatment when needed. There has been a growing interest in alternative and holistic veterinary medicine, including acupuncture and herbal treatments, alongside conventional Western veterinary care. In addition to healthcare services, there's a demand for pet grooming and boarding services, contributing to the overall pet services industry. South Korean culture traditionally values animals, especially dogs, which are often considered part of the family. This cultural perspective contributes to the growth of the veterinary service market. Furthermore, South Korea's vibrant pet culture, driven by social media and popular culture, has influenced pet ownership trends and the demand for pet-related services, including veterinary care.

According to the research report ""South Korea Veterinary Service Market Overview, 2028,"" published by Bonafide Research, the South Korea Veterinary Service market is projected to reach a market size of more than USD 3 billion by 2028. With several modern veterinary facilities and clinics, South Korea offers veterinary care of a high calibre. The nation also boasts a number of veterinary colleges that turn out skilled medical professionals. In order to guarantee that veterinary facilities are kept in good condition and that veterinarians are qualified and licenced, the South Korean government has set a number of rules. There is a growing trend towards treating pets as family members, leading to increased spending on their healthcare and well-being. This shift in attitude results in more frequent visits to veterinarians and a willingness to invest in advanced medical treatments for pets. South Korean government regulations and policies related to animal health and welfare can have a significant impact on the veterinary service market. These regulations may dictate vaccination requirements, import/export regulations for animals, and standards for veterinary practise. The presence of veterinary schools and research institutions in South Korea can influence the development of the veterinary service market by fostering innovation, knowledge dissemination, and the availability of skilled professionals. Based on the animal types, which include production animals and companion animals, companion animals are growing in South Korea. The growth of the pet retail and service industry in South Korea, including pet stores, grooming salons, and boarding facilities, has made pet ownership more accessible and convenient. These businesses often collaborate with veterinarians to offer comprehensive services to pet owners. The development of pet-friendly infrastructure in South Korea, such as parks, cafes, and stores that welcome pets, has made it easier for people to integrate pets into their daily lives. This, in turn, encourages more people to consider pet ownership. South Korean pet owners increasingly humanise their pets, treating them as family members rather than mere animals. This humanization drives pet owners to seek high-quality healthcare services, including regular veterinary check-ups and advanced medical treatments.

Based on the service types, which include physical health monitoring, surgery, diagnostic tests and imaging, artificial insemination, grooming, vaccination, and others (biosecurity, dental care, etc.), vaccination is growing as a service of the veterinary profession. There is a growing awareness of the importance of vaccinations in ensuring the health and well-being of pets. Pet owners in South Korea are increasingly educated about the benefits of vaccination in preventing serious and potentially life-threatening diseases in their animals. As South Korea becomes more connected to the global community, there is an increased likelihood of international travel with pets. Many countries have strict vaccination requirements for imported animals, which drives the demand for vaccinations to meet these travel criteria. Furthermore, grooming is also a growing market in the country as a service. As pets are increasingly considered family members, pet owners are more inclined to invest in their pets' well-being and appearance. Grooming is seen as a way to maintain a pet's hygiene, health, and appearance, aligning with the trend of pet humanization.

Based on the end user, which includes the veterinary hospital, veterinary clinic, outdoors, ambulatory, and online, the veterinary hospital leads the market. Veterinary hospitals typically offer a wide range of advanced medical services and treatments, including surgeries, diagnostic imaging, specialised treatments, and emergency care. The availability of comprehensive medical care makes veterinary hospitals a preferred choice for pet owners seeking advanced healthcare for their animals. Many veterinary hospitals in South Korea have specialised departments or units, such as oncology, cardiology, dermatology, and orthopaedics. These specialised services attract pet owners with animals requiring specific medical attention. Furthermore, the veterinary hospitals often serve as referral centres for other veterinarians in the region. This means that complicated cases or cases requiring specialised care are referred to these hospitals, further establishing their reputation.

Considered in this report

• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• South Korea Veterinary Services with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Animal Type

• Companion Animals
• Cattle

By service Type

• Physical Health Monitoring
• Surgery
• Diagnodtic Tests& imaging
• Artifical Insemination
• Grooming
• Vaccination
• Others (Biosecurity, Dental Care, etc.)

By End User

• Veterinary Hospital
• Veterinary Clinic
• Outdoors/ Ambulatory
• online

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Gems & Jewelry industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.