Global Veterinary Care Market Forecast to 2032
The global veterinary care market size was USD 82.71 Billion in 2022 and is expected to register a revenue CAGR of 5.4% during the forecast period, according to the latest analysis by Emergen Research. Various factors, including the rising pet population and public awareness of pet healthcare, are driving the revenue growth of the veterinary care market. Demand for veterinary services is rising as a result of pet owners increased propensity to seek medical attention for their furry friends. Furthermore, revenue growth in the veterinary care market is driven by developments in veterinary medicine and technology that have allowed pet owners to access a larger variety of treatments and services for their animals.
The report, Global Veterinary Care Market Research Report and Forecast to 2032, provides a detailed analysis of the global Veterinary Care market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the Veterinary Care market, along with a complete prognosis through 2032. The impact of the COVID-19 epidemic on the market for Veterinary Care has been updated in the most recent research. It examines the impact of the epidemic on each region’s political and economic systems. It presents a present and projected view of the pandemic’s effects on supply chain disruptions and economic volatility.
Pet ownership has increased along with the standard of living, particularly in emerging countries, and the necessity of veterinary care. In addition, revenue growth in the veterinary care market is driven by people’s understanding of the value of animal welfare and their increased emphasis on preventative treatment. The increasing prevalence of infectious animal diseases is another factor driving demand for veterinary diagnostics.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Veterinary Care market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Merck Animal Health, Ceva Santé Animale, Zoetis, Boehringer Ingelheim GmbH, Elanco, IDEXX Laboratories, Inc., Heska Corporation, Virbac, and Vetoquinol S.A.
Research Report on the Veterinary Care Market Addresses the Following Key Questions:
Who are the dominant players of the Veterinary Care market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Veterinary Care market?
What are the key growth drivers and restraining factors of the Veterinary Care market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Veterinary Care market and its key segments?
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Some Key Highlights from the Report
The cow segment accounted for largest revenue share in 2021. Rising demand for dairy and meat products is one of the factors driving revenue growth of cow veterinary care. Increase in world’s population is driving need for veterinary care for cows to maintain their health and productivity. Development of veterinary technology is a major factor driving revenue of the segment. Introduction of new veterinary care technology, including vaccines, antibiotics, and diagnostic instruments, has increased cow productivity and health and driven farmers to invest in veterinary care.
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The companion animal segment accounted for largest revenue share in 2021. Rising ownership of pets is a key factor driving revenue growth of the segment. Need for veterinary care services for companion animals including dogs, cats, and others has increased as a result of rising pet ownership. Another factor driving revenue growth of the market is rise in public concern for animal health. The number of pet owners who are willing to spend money on veterinary care services for their animals has increased due to rising awareness about animal health. Furthermore, revenue growth of the segment is driven by improvements in veterinary technology.
The market in North America accounted for largest revenue share in 2021. Rising demand for pet insurance and increasing public awareness of the significance of animal healthcare are some of the factors driving revenue growth of the market in the region. Consumers in the region are purchasing pet insurance, which pays for veterinarian procedures, as they become increasingly concerned about health and wellbeing of their pets. Demand for more specialized veterinary care, such as orthopedics, cancer, and dental care, is also driving revenue growth of the veterinary care market in North America. In addition, demand for veterinary services in the production animal sector, is driven by rising frequency of zoonotic diseases such the avian flu and mad cow disease.
Market Overview:
The report bifurcates the Veterinary Care market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2032)
Cow
Dog
Others
Type of Care Outlook (Revenue, USD Billion; 2019-2032)
Companion Animal
Production Animal
Others
Regional Outlook (Revenue, USD Billion; 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Turkey
Rest of MEA
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Regional Landscape section of the Veterinary Care report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Veterinary Care market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Veterinary Care with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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