According to a market report by Lucintel, 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 understand Trends, opportunity and forecast in veterinary service market to 2030 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).
In this market, food-producing, and companion are the major segments of veterinary service market by animal type. Lucintel forecasts that companion is expected to witness higher growth over the forecast period.
Within this market, surgery will remain the largest segment over the forecast period due to growing occurence of diseases among animals, as well as, rising need for medical assistance to the pets.
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.
CVS, Mars, National Veterinary Associates, Pets at Home, Greencross Vets, Fetch! Pet Care, and IVC Evidensia are the major suppliers in the veterinary service market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]