PUBLISHER: IMARC | PRODUCT CODE: 1468391
PUBLISHER: IMARC | PRODUCT CODE: 1468391
Veterinary Service Market Report by Service (Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, and Others), Animal Type (Companion Animal, Farm Animal), End Use (Veterinary Clinic, Veterinary Hospital), and Region 2024-2032
The global veterinary service market size reached US$ 113.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 170.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
A veterinary service is utilized in the surveillance, early diagnosis, and treatment of animal diseases, zoonoses, and foodborne zoonotic hazards. It relies on veterinary medicinal products, such as antimicrobial agents, to minimize the likelihood of non-compliance concerning veterinary drug residues in food of animal origin and the development of antimicrobial resistance (AMR). Besides this, it assists in increasing awareness about food producers, processors and distributors, and addressing animal production food safety.
Veterinary Service Market Trends:
With the rising number of human pathogens originating in animals, veterinary services are presently becoming increasingly essential for protecting animals, safeguarding public health, and ensuring food safety. This, in confluence with the increasing adoption of companion animals around the world, represents one of the key factors stimulating the growth of the market. Moreover, governments of numerous countries are relaxing the telemedicine and veterinarian-client-patient relationship (VCPR) regulations on account of the coronavirus disease (COVID-19) outbreak and making telemedicine available to pet parents. It is utilized in veterinary for postoperative checks, dermatologic concerns, behavioral issues, and scheduled follow-up visits for pets with chronic diseases, thereby allowing veterinarians to prescribe the treatment without the direct examination of pets. This, coupled with recent expansions in pet services, including online pet pharmacies and food and product delivery via subscription services, is impelling the market growth. Apart from this, advances in animal health biotechnologies, such as vaccines, antimicrobials, and diagnostic tools, for minimizing the burden of diseases and improving the standards of animal health and welfare are positively influencing the market. In addition, significant growth in the livestock sector is projected to create a positive outlook for the market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global veterinary service market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on service, animal type, and end use.
Breakup by Service:
Surgery
Diagnostic Tests and Imaging
Physical Health Monitoring
Others
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
- 1. What was the size of the global veterinary service market in 2023?
- 2. What is the expected growth rate of the global veterinary service market during 2024-2032?
- 3. What are the key factors driving the global veterinary service market?
- 4. What has been the impact of COVID-19 on the global veterinary service market?
- 5. What is the breakup of the global veterinary service market based on the service?
- 6. What is the breakup of the global veterinary service market based on the animal type?
- 7. What are the key regions in the global veterinary service market?
- 8. Who are the key players/companies in the global veterinary service market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Veterinary Service Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Service
- 6.1 Surgery
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Diagnostic Tests and Imaging
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Physical Health Monitoring
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Animal Type
- 7.1 Companion Animal
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Farm Animal
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Veterinary Clinic
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Veterinary Hospital
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Addison Biological Laboratory Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Armor Animal Health
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 CityVet
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CVS Group PLC
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Elanco Animal Health Incorporated
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Ethos Veterinary Health LLC
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 FirstVet
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Greencross Vets
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Heska Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Idexx Laboratories Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Intervet Inc. (Merck & Co. Inc.)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 PetIQ LLC
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.13 Pets at Home Group PLC
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 Addison Biological Laboratory Inc.
List of Figures
- Figure 1: Global: Veterinary Service Market: Major Drivers and Challenges
- Figure 2: Global: Veterinary Service Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Veterinary Service Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Veterinary Service Market: Breakup by Service (in %), 2023
- Figure 5: Global: Veterinary Service Market: Breakup by Animal Type (in %), 2023
- Figure 6: Global: Veterinary Service Market: Breakup by End Use (in %), 2023
- Figure 7: Global: Veterinary Service Market: Breakup by Region (in %), 2023
- Figure 8: Global: Veterinary Service (Surgery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Veterinary Service (Surgery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Veterinary Service (Diagnostic Tests and Imaging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Veterinary Service (Diagnostic Tests and Imaging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Veterinary Service (Physical Health Monitoring) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Veterinary Service (Physical Health Monitoring) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Veterinary Service (Other Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Veterinary Service (Other Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Veterinary Service (Companion Animal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Veterinary Service (Companion Animal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Veterinary Service (Farm Animal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Veterinary Service (Farm Animal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Veterinary Service (Veterinary Clinic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Veterinary Service (Veterinary Clinic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Veterinary Service (Veterinary Hospital) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Veterinary Service (Veterinary Hospital) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: North America: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: United States: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: United States: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Canada: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Canada: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia-Pacific: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia-Pacific: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: China: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: China: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Japan: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Japan: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: India: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: India: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: South Korea: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: South Korea: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Australia: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Australia: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Indonesia: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Indonesia: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Others: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Others: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Europe: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Europe: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Germany: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Germany: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: France: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: France: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: United Kingdom: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: United Kingdom: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Italy: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Italy: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Spain: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Spain: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Russia: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Russia: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Others: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Others: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Latin America: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Latin America: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Brazil: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Brazil: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Mexico: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Mexico: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Others: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Others: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Middle East and Africa: Veterinary Service Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Middle East and Africa: Veterinary Service Market: Breakup by Country (in %), 2023
- Figure 72: Middle East and Africa: Veterinary Service Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Global: Veterinary Service Industry: SWOT Analysis
- Figure 74: Global: Veterinary Service Industry: Value Chain Analysis
- Figure 75: Global: Veterinary Service Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Veterinary Service Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Veterinary Service Market Forecast: Breakup by Service (in Million US$), 2024-2032
- Table 3: Global: Veterinary Service Market Forecast: Breakup by Animal Type (in Million US$), 2024-2032
- Table 4: Global: Veterinary Service Market Forecast: Breakup by End Use (in Million US$), 2024-2032
- Table 5: Global: Veterinary Service Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Veterinary Service Market: Competitive Structure
- Table 7: Global: Veterinary Service Market: Key Players
