Veterinary Care Market Size: Key Player and Analysis Report, In-Depth Study, Future Growth, Share, New Investments
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 top competitors in the market, their goals for business expansion, and their development strategies are all closely examined in the Veterinary Care Market report. The archive encourages businesspeople to look up information about potential customers and places where they might be located. The review, which only highlights the greatest sellers, can help entrepreneurs find potential customers and discover more about their local market.
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 study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed 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.
Target Audience of the Global Veterinary Care Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
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)
Market Segmentations of the Veterinary Care Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2032. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Veterinary Care market on the basis of product, application, and region:
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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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.
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.
Additional information offered by the report:
Along with a complete overview of the global Veterinary Care market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Veterinary Care market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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