Veterinary Service Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?