Veterinary Services Market

The report "Veterinary Services Market by Service Type (Diagnostic Tests & Imaging, Surgery, Physical Health Monitoring, Vaccination), Animal Type (Food-producing, Companion), Delivery Channel (Hospitals & Clinics, Commercial facilities), and Region - Global Forecast to 2027", size is projected to reach USD 139.2 billion by 2027 from USD 100.0 billion in 2022, at a CAGR of 7% during the forecast period.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/veterinary-services-market-264267105.html

Market is driven by factors such as rising number of government initiatives to ensure food security and biosecurity, subsequent increase in the livestock population, increasing number of pet owners, increased expenditure on animal care. However, scarcity of skilled professionals and lack of awareness in developing & underdeveloped economies are expected to restrict market growth.

“The companion animal segment accounted for the largest market share in the veterinary services market, by animal type, during the forecast period”

The veterinary services market is segmented into food producing animals & companion animals, by animal type. In 2021, companion animal segment accounted for the largest market share in the veterinary services market, by animal type. Increase in the incidence of various diseases among pet animals, growing companion animal population, prevalence of diseases amongst animals are attributed to the market growth.

“The surgery segment accounted for the largest market share in the veterinary services market, by service type, during the forecast period”

The veterinary services market is segmented into diagnostic tests & imaging, physical health monitoring, surgery, artificial insemination, vaccination, grooming, and others (biosecurity, dental care, etc.). In 2021, the surgery segment accounted for the largest market share in the veterinary services market. increasing awareness and growing number of veterinarians especially in developed countries such as U.S. and Germany among others are anticipated to propel market growth.

“North America accounted for the major market share of the veterinary services market”

The global veterinary services market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is likely to retain a significant market share in 2021 and the future. Surge in the number of companion animals, rising animal adoption and increasing per capita animal healthcare expenditure, and the increasing adoption of pet health insurance in US are some of the factors attributing to the growth of te market in the region. Moreover, the expansion of new animal education programmes, including non-traditional programmes seeking accreditation, is expected to improve access to these services.

The major players in the market are Addison Biological Laboratory, Inc., Armor Animal Health, CVS Group Plc., Ethos Veterinary Health, Greencross Limited, Idexx laboratories, Mars, Inc., National Veterinary Care Ltd., Pets at Home Group Plc.

Don’t miss out on business opportunities in Veterinary Services Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com