According to the latest report by IMARC Group, titled “Global Veterinary Service Market Growth, Share, Industry Trends, Opportunity and Forecast 2022-2027“, the global veterinary service market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Veterinary Service Market Definition
For the early detection and treatment of animal diseases, zoonoses, and foodborne zoonotic risks, veterinary services are used. Reduced chances of non-compliance with veterinary drug residues in foods of animal origin and the development of antimicrobial resistance depend on veterinary medicinal goods, such as antimicrobial agents (AMR). Additionally, it promotes understanding of food producers, processors, and distributors as well as animal agriculture and food safety.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Veterinary Service Market Trends and Drivers:
One of the primary factors driving the market is the increase in the number of human pathogens occurring in animals, consequently making these services vital for safeguarding animals, protecting public health and ensuring food safety. Additionally, the rising adoption of companion animals across the globe and the latest expansions in pet services, including online pet pharmacies and product delivery through subscription services, are propelling the market growth.
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Furthermore, the governments of several nations are easing the telemedicine and veterinarian-client-patient relationship (VCPR) regulations due to the coronavirus disease (COVID-19) outbreak and making telemedicine available to pet owners. It is used in veterinary for postoperative checks, dermatologic concerns, and scheduled follow-up visits for pets with chronic diseases and behavioral issues. As a result, these services are widely availed to allow veterinarians to prescribe the treatment without the direct examination of pets.
Moreover, evolvement in animal health biotechnologies, such as antimicrobials, vaccines and diagnostic tools for minimizing the burden of diseases, and improving animal health and welfare, are influencing the market growth. In line with this, the rapid growth in the livestock sector is creating a positive market outlook.
|Veterinary Service Market Report Scope|
|Base year for estimation||2021|
Global Veterinary Service Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Addison Biological Laboratory Inc., Armor Animal Health, CityVet, CVS Group PLC, Elanco Animal Health Incorporated, Ethos Veterinary Health LLC, FirstVet, Greencross Vets, Heska Corporation, Idexx Laboratories Inc., Intervet Inc. (Merck & Co. Inc.), PetIQ LLC and Pets at Home Group PLC.
The report has segmented the market on the basis of region, service, animal type and end use.
Breakup by Service:
- Diagnostic Tests and Imaging
- Physical Health Monitoring
Breakup by Animal Type:
- Companion Animal
- Farm Animal
Breakup by End Use:
- Veterinary Clinic
- Veterinary Hospital
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.