Veterinary Services Market, By Service Type (Diagnostic Tests and Imaging, Physical Health Monitoring, Preventative Care, and Others), By Animal Type (Companion Animal and Farm Animal), By Geography (North America, Latin America, Europe, Asia Pacific, Mid
Veterinary Services Market, By Service Type (Diagnostic Tests and Imaging, Physical Health Monitoring, Preventative Care, and Others), By Animal Type (Companion Animal and Farm Animal), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global veterinary services market has been witnessing steady growth over the past few years owing to the rising pet adoption worldwide. Growing humanization of pets has made people view their pet animals as companions rather than just livestock or means of income. With increased pet ownership, demand for routine check-ups, vaccinations, surgery, and other medical care is also rising steadily. Furthermore, advancements in veterinary healthcare infrastructure along with growing awareness about animal welfare have been supporting the expansion of the global veterinary services market. However, the inadequate availability of veterinary practitioners and professionals in some parts of the world continues to pose challenges.
Market Dynamics:
Rising pet adoption rates across major economies along with the growing trend of humanization of pets is a key factor driving the growth of the global veterinary services market. According to recent estimates, there are over 350 million pets in Europe and North America combined. Affordable pet insurance schemes are further fueling the demand for veterinary healthcare services. However, a shortage of trained veterinary workforce, especially in rural areas of developing nations, is limiting greater access to these services. High setup and operational costs associated with veterinary hospitals and clinics also acts as a restraint. On the flip side, the growing focus on animal health and welfare by governments and non-profit organizations is creating new opportunities for market expansion. Increased focus on companion animal health through vaccine development, nutrition, and preventive care is expected to present lucrative opportunities for players in the coming years.
Key Features of the Study:
This report provides an in-depth analysis of the global veterinary services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global veterinary services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this includes CVS Group PLC, Greencross Vets, Ethos Veterinary Health, Idexx Laboratories Inc., Pets at Home Group PLC, CityVet Inc., FirstVet AB, Kremer Veterinary Services, Armor Animal Health (Animart), PetSmart LLC, Airpets International, Mars, Incorporated, Petiq LLC, and National Veterinary Care Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global antibiotics market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary services market
Detailed Segmentation-
By Service Type:
Diagnostic Tests and Imaging
Physical Health Monitoring
Preventative Care
Others
By Animal type:
Companion Animal
Farm Animal
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
CVS Group PLC
Greencross Vets
Ethos Veterinary Health
Idexx Laboratories Inc.
Pets at Home Group PLC
CityVet Inc.
FirstVet AB
Kremer Veterinary Services
Armor Animal Health (Animart)
PetSmart LLC
Airpets International
Mars, Incorporated
Petiq LLC
National Veterinary Care Ltd.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Service Type
Market Snapshot, By Animal Type
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Manufacturer Revenue
Acquisitions and Partnerships Scenario
Product Launches/Approvals
Funding and Investments
PEST Analysis
Porter’s Analysis
4. Global Veterinary Services Market - Impact of Coronavirus (COVID-19) Pandemic
Overall Impact
Government Initiatives
COVID-19 Impact on the Market
5. Global Veterinary Services Market, By Service Type, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Diagnostic Tests and Imaging
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Physical Health Monitoring
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Preventative Care
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
6. Global Veterinary Services Market, By Animal Type, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Companion Animal
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Farm Animal
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
7. Global Veterinary Services Market, By Region, 2019 – 2031, (USD Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019–2031
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Animal Type, 2019 - 2031, (USD Bn)
Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Bn)
North Africa
Central Africa
South Africa
8. Competitive Landscape
Company Profiles
CVS Group PLC*
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Greencross Vets
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Ethos Veterinary Health
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Idexx Laboratories Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Pets at Home Group PLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
CityVet Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
FirstVet AB
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Kremer Veterinary Services
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Armor Animal Health (Animart)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
PetSmart LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Airpets International
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Mars, Incorporated
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Petiq LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
National Veterinary Care Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
9. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. References and Research Methodology
References
Research Methodology
About Us and Sales Contact
*Browse 20 market data tables and 27 figures on Veterinary Services Market” - Global forecast to 2031