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Veterinary Service Trends and Forecast
The future of the global veterinary service market looks promising with opportunities in the diagnostic tests & imaging, surgery, physical health monitoring, and vaccination markets. The global veterinary service market is expected to reach an estimated $164.2 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are expanding expenditure on pets, rising consumption of products generated from animals, increasing initiatives by major players in the sector, and growing emphasis on sustainable animal husbandry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Veterinary Service by Segment
The study includes a forecast for the global veterinary service by service type, delivery channel, animal type, and region.
Veterinary Service Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
• Diagnostic Tests & Imaging
• Surgery
• Physical Health Monitoring
• Vaccination
Veterinary Service Market by Delivery Channel [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals & Clinics
• Commercial Facilities
Veterinary Service Market by Animal Type [Shipment Analysis by Value from 2018 to 2030]:
• Food-Producing
• Companion
Veterinary Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Veterinary Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies veterinary service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the veterinary service companies profiled in this report include-
• CVS
• Mars
• National Veterinary Associates
• Pets at Home
• Greencross Vets
• Fetch! Pet Care
• IVC Evidensia
Veterinary Service Market Insights
Lucintel forecasts that companion is expected to witness higher growth over the forecast period.
North America will remain the largest region over the forecast period due to identified initiatives carried out by several government animal protection organizations with the goal of improving veterinarian care in the US and Canada.
Features of the Global Veterinary Service Market
Market Size Estimates: Veterinary service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Veterinary service market size by service type, delivery channel, animal type, and region in terms of value ($B).
Regional Analysis: Veterinary service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different service type, delivery channel, animal type, and regions for the veterinary service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the veterinary service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the veterinary service market size?
Answer: The global veterinary service market is expected to reach an estimated $164.2 billion by 2030.
Q.2 What is the growth forecast for veterinary service market?
Answer: The global veterinary service market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the veterinary service market?
Answer: The major drivers for this market are expanding expenditure on pets, rising consumption of products generated from animals, increasing initiatives by major players in the sector, and growing emphasis on sustainable animal husbandry.
Q4. What are the major segments for veterinary service market?
Answer: The future of the global veterinary service market looks promising with opportunities in the diagnostic tests & imaging, surgery, physical health monitoring, and vaccination markets.
Q5. Who are the key veterinary service market companies?
Answer: Some of the key veterinary service companies are as follows:
• CVS
• Mars
• National Veterinary Associates
• Pets at Home
• Greencross Vets
• Fetch! Pet Care
• IVC Evidensia
Q6. Which veterinary service market segment will be the largest in future?
Answer: Lucintel forecasts that companion is expected to witness higher growth over the forecast period.
Q7. In veterinary service market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to identified initiatives carried out by several government animal protection organizations with the goal of improving veterinarian care in the US and Canada.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the veterinary service market by service type (diagnostic tests & imaging, surgery, physical health monitoring, and vaccination), delivery channel (hospitals & clinics and commercial facilities), animal type (food-producing and companion), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Veterinary Service Market, Veterinary Service Market Size, Veterinary Service Market Growth, Veterinary Service Market Analysis, Veterinary Service Market Report, Veterinary Service Market Share, Veterinary Service Market Trends, Veterinary Service Market Forecast, Veterinary Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Veterinary Service Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Veterinary Service Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Veterinary Service Market by Service Type
3.3.1: Diagnostic Tests & Imaging
3.3.2: Surgery
3.3.3: Physical Health Monitoring
3.3.4: Vaccination
3.4: Global Veterinary Service Market by Delivery Channel
3.4.1: Hospitals & Clinics
3.4.2: Commercial Facilities
3.5: Global Veterinary Service Market by Animal Type
3.5.1: Food-Producing
3.5.2: Companion
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Veterinary Service Market by Region
4.2: North American Veterinary Service Market
4.2.2: North American Veterinary Service Market by Animal Type: Food-Producing and Companion
4.3: European Veterinary Service Market
4.3.1: European Veterinary Service Market by Service Type: Diagnostic Tests & Imaging, Surgery, Physical Health Monitoring, and Vaccination
4.3.2: European Veterinary Service Market by Animal Type: Food-Producing and Companion
4.4: APAC Veterinary Service Market
4.4.1: APAC Veterinary Service Market by Service Type: Diagnostic Tests & Imaging, Surgery, Physical Health Monitoring, and Vaccination
4.4.2: APAC Veterinary Service Market by Animal Type: Food-Producing and Companion
4.5: ROW Veterinary Service Market
4.5.1: ROW Veterinary Service Market by Service Type: Diagnostic Tests & Imaging, Surgery, Physical Health Monitoring, and Vaccination
4.5.2: ROW Veterinary Service Market by Animal Type: Food-Producing and Companion
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Veterinary Service Market by Service Type
6.1.2: Growth Opportunities for the Global Veterinary Service Market by Delivery Channel
6.1.3: Growth Opportunities for the Global Veterinary Service Market by Animal Type
6.1.4: Growth Opportunities for the Global Veterinary Service Market by Region
6.2: Emerging Trends in the Global Veterinary Service Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Veterinary Service Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Veterinary Service Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: CVS
7.2: Mars
7.3: National Veterinary Associates
7.4: Pets at Home
7.5: Greencross Vets
7.6: Fetch! Pet Care
7.7: IVC Evidensia
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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