Global Veterinary Services Industry’s Remarkable CAGR of 8.4% Leading to US$244.4 Billion in 2032 | FMI Forecasts

Veterinary Services Industry

The Global Veterinary Services Industry achieved a staggering worth of $102.3 billion in 2021, as estimated by leading research firm FMI. This remarkable market has set its sights on an even more promising future, with an expected growth rate of 8.4% between 2022 and 2032, surpassing the industry average.

FMI’s comprehensive study reveals that the veterinary services sector is on a trajectory of substantial expansion, with revenues forecasted to surge 2.4 times between 2022 and 2032. This projection brings the anticipated valuation to an impressive $244.4 billion in 2032.

Leveraging the latest insights and statistics gathered from the world’s leading pharmaceutical and healthcare device manufacturers, FMI presents an in-depth analysis of the Veterinary Services Industry. Our extensive research spans over 5,000 drugs and encompasses data from more than 100 countries, offering valuable insights into the current and future landscape of the Veterinary Services Market.

With a dedicated team of expert researchers and healthcare analysts, FMI diligently tracks data from established industry players and emerging entrants, providing a neutral and data-driven analysis to facilitate sound financial decision-making.

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Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Veterinary Services Industry. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Veterinary Services Industry. With our extensive research and information about the past, current and future market scenario, the Veterinary Services Market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Veterinary Services Market?
  2. What are the drivers and challenges affecting the Veterinary Services Market demand?
  3. What are the recent technological advancement in the Veterinary Services Market?
  4. What are key trends and opportunities that will prevail the revenue growth of Veterinary Services Market players?
  5. How will evolving regulatory policies impact the market growth?
  6. What is the impact of Covid-19 on the Veterinary Services Market?

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Veterinary Services Market: Segmentation

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Detailed analysis on the geographical region and country wise insights are offered in the latest Veterinary Services Market report with established market players as well as incumbents in the region.

Market Segments Covered In Veterinary Services Industry Analysis

By Animal Type:

  • Production Animal
    • Cattle
    • Poultry
    • Swine
    • Other Production Animals
  • Companion Animal
    • Dogs
    • Cats
    • Horses
    • Other Companion Animals

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

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Competitive Analysis

By Prominent Market Players

  • Mars Inc.
  • Greencross Ltd.
  • National Veterinary Care Ltd.
  • Pets at Home Group PLC
  • CVS Group PLC
  • Ethos Veterinary Health
  • Addison Biological Laboratory
  • Armor Animal Health
  • PetIQ, LLC

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Veterinary Services Industry

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of  prominent players and emerging players in the Veterinary Services Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

 Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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