The global veterinary services market, valued at USD 102.3 billion in 2021, is poised for significant growth, with an estimated market growth rate of 8.4% from 2022 to 2032. According to the latest study by FMI, the market is expected to more than double, reaching approximately USD 244.4 billion by 2032.
This robust expansion is supported by several key factors:
- A notable rise in zoonotic and food-borne infections is driving the demand for enhanced veterinary services.
- There is an increasing need for safe and effective emergency medical treatments.
- Government initiatives aimed at improving food and nutrition security, biosecurity, and animal safety are accelerating advancements in veterinary care.
The COVID-19 pandemic had a significant impact on the cattle industry, with temporary closures of packaging and processing plants worldwide and disruptions in delivery chains. This period also saw a decrease in veterinary laboratory testing volumes due to limited animal sample availability. Despite these challenges, the pandemic has led to a surge in the adoption of telemedicine in veterinary practices, highlighting a shift towards more remote and accessible care options.
As the veterinary services market continues to evolve, these trends are expected to drive substantial growth and innovation in the sector.
Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancements in technology have 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 and addresses the concerns that will challenge the growth of the 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 small & medium as well as large enterprises.
Veterinary Services Market Competitive Analysis
By Prominent 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
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
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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 clients face 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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