Unlike the definition of “veterinary services”, which refers to a development used for the care and treatment of all animals, “veterinary services” primarily refers to outpatient care and minor medical treatment requiring hospitalization of less than four days. Today’s veterinarians work hard to meet the health and welfare requirements of all animal species. The diagnosis, prevention and treatment of diseases affecting the health of domestic and wild animals, as well as the prevention of the spread of animal diseases to humans, are at the heart of the medical specialty known as veterinary medicine.

The supply of drugs, vaccines and other products, the prevention of epidemics, clinical services (the treatment of sick animals and the management of production-limiting disorders) and the protection of human health (the inspection of marketed products ) are the four main categories of veterinary services.

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Market statistics

The global veterinary services market is worth USD 92,238.4 million in 2020 and is projected to expand at a CAGR of 6.9% from 2021 to 2028 to reach USD 157,399.8 million.

In terms of volume, North America held the lion’s share of the global veterinary services market in 2020, with a share of 47.7%, followed by Europe and Asia-Pacific.

RECENT DEVELOPMENTS

To improve service offerings and provide patients and their families with cutting-edge veterinary pharmaceuticals, Ethos and National Veterinary Associates partnered in August 2021.

To reach more pet owners, Greencross Vets announced the creation of WebVet, a 24/7 online consultation platform for pets.

In August 2019, Ethos Discovery launched a program named Ethos Precision Medicine Umbrella Study for Hemangiosarcoma to treat canine splenic hemangiosarcoma (ePUSH).

Market factors

During the forecast period, increased awareness of companion animal health and the need for effective medical treatment is expected to fuel the expansion of the global veterinary services market. For example, the Federation of Indian Animal Welfare Organizations (FIAPO) has collaborated with various local activists and animal rights organizations to promote animal care in India. Additionally, the federation has championed various animal welfare concerns through lobbying and awareness campaigns.

The global veterinary services market is expected to grow over the projected period owing to the growing prevalence of different animal diseases and zoonoses. For example, zoonotic infections are quite common in the United States and around the world, according to the Centers for Disease Control and Prevention (CDC). According to scientific estimates, 3 out of 4 new or emerging infectious diseases in humans and more than 6 out of 10 recognized infectious diseases in humans can be transmitted by animals.

Market constraints

The development of the global veterinary services market is expected to be constrained by the high cost of veterinary services and lack of skilled manpower. The high cost of veterinary services is the result of the high cost of veterinary drugs and diagnostic imaging supplies.

The development of the global veterinary services market is expected to be hampered by a lack of knowledge in developing or underdeveloped countries. For example, the two most popular pets that could be a direct or indirect source of zoonotic diseases are cats and dogs.

Market opportunities

For businesses in the veterinary services industry, the global spread of COVID-19 is expected to provide profitable development prospects. For example, in May 2020, Humane Society International/Canada, Friends of HSI and the City of Montreal jointly launched the Quebec COVID-19 Animal Response Program with the kind assistance of PetSmart Charities of Canada. The initiative will provide vital support to individuals and families who urgently need help caring for their pets during this crisis.

The players in the veterinary services market are expected to have a wide margin of development in the face of the growing demand for veterinary services in the world. For example, the introduction of multi-specialty animal clinics by DCC (Dogs, Cats, & Companions) Animal Hospital increased its presence in India in February 2021.

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Market Trends/Key Takeaways

The global veterinary services market is expected to rise owing to favorable initiatives by government and industry players to offer veterinary services. For example, Veterinary Mobile Units (VMAs) were introduced by the Ministry of Fisheries, Animal Husbandry and Dairy, Government of India in May 2020 to bring veterinary services to farmers at their doorstep. The Indian government’s “Livestock Health & Disease Control” program aims to improve animal health.

Launch of innovative goods or services by market players is expected to support the expansion of the global veterinary services industry. For example, PetSmart announced the opening of PetSmart Veterinary Services (PVS) in June 2022 to provide veterinarians with a comprehensive option to start their own franchised practice and to connect pet parents.

Competitive landscape

Includes CVS Group PLC, Ethos Veterinary Health, Greencross Vets, Idexx Laboratories Inc., Mars Inc., Pets at Home Group PLC, Armor Animal Health (Animart), Kremer Veterinary Services, FirstVet AB, CityVet Inc.

Reasons to buy this Veterinary services market Report

☑ It attempts an analysis of the concurrent scenario.

☑ Current and exceptional product revenue market.

☑ In-depth data on regional survey and competitive landscape structure.

☑ It benefits from creating awareness of important key product segments.

☑ Marketing strategies, opportunities and development factors are explained.

☑ Estimation of Veterinary Services market size and recent advancements in the industry are explained.

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Contents

Chapter 1 Industry overview
1.1 Definition
1.2 Assumptions
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Veterinary Services Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Veterinary Services Industry

Chapter 2 Global Veterinary Services Competition by Types, Applications, and Top Regions and Countries
2.1 Global Veterinary Services (Volume and Value) by Type
2.3 Global Veterinary Services (Volume and Value) by Regions

chapter 3 Generation market analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Veterinary Services Sales, Consumption, Export, Import by Regions
Chapter 5 North America Veterinary Services Market Analysis
Chapter 6 East Asia Veterinary Services Market Analysis
Chapter 7 Analysis of the veterinary services market in Europe
Chapter 8 South Asia Veterinary Services Market Analysis
Chapter 9 Southeast Asia Veterinary Services Market Analysis
Chapter 10 Middle East Veterinary Services Market Analysis
Chapter 11 Analysis of the veterinary services market in Africa
Chapter 12 Oceania Veterinary Services Market Analysis
Chapter 13 South America Veterinary Services Market Analysis
Chapter 14 Company profiles and key figures of the veterinary services sector
Chapter 15 Global Veterinary Services Market Forecast (2022-2028)
Chapter 16 conclusion
Research methodology….

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