Global Animal Hospitals And Veterinary Clinics Market Size 2024, Forecast To 2033
11 Mar, 2024
The animal hospitals and veterinary clinics market size has demonstrated robust growth, increasing from $113.97 billion in 2023 to $121.79 billion in 2024, with a compound annual growth rate (CAGR) of 6.9%. This growth in the historic period can be attributed to increased penetration of pet insurance, heightened spending on pets, a rise in animal healthcare expenditure, and an increased pet population. Looking ahead to 2028, the market is expected to maintain strong growth, reaching $157.88 billion at a CAGR of 6.7%. Factors contributing to this growth include increasing pet ownership, a rise in the consumption of animal-derived products, supportive government initiatives, and an increase in disease prevalence among animals. Notable trends in the forecast period include the launch of mobile veterinary units, the introduction of electronic health records, the use of artificial intelligence in animal care, the development of new screening tests for animals, and an increasing emphasis on e-commerce in the pet care industry.
Global Animal Hospitals And Veterinary Clinics Market Key Driver
The animal hospitals and veterinary clinics market is witnessing growth propelled by the global surge in companion pet adoption. This trend is attributed to the increasing humanization of pets, as more pet owners view their animals as integral family members. Notably, the American Veterinary Medical Association underscores a correlation between the human-animal bond and pet spending. In the USA alone, approximately 3.2 million shelter animals are adopted annually, with Americans spending around $17 billion on veterinary care, hospitals, clinics, and food. Similarly, Chinese pet owners contribute over 5,000 yuan per pet. With this growing trend, the animal hospitals and veterinary clinics market is expected to expand in the forecast period, with values reaching $M billion in 2023, $N billion in 2024, and an anticipated $O billion in 2028.
Get A Free Sample Of The Global Animal Hospitals And Veterinary Clinics Market ReportGlobal Animal Hospitals And Veterinary Clinics Market Segments
The animal hospitals and veterinary clinics market covered in this report is segmented –
1) By Type: Consultation, Surgery, Medicine, Other Types
2) By Animal Type: Livestock, Companion Animals
3) By End-User: Animal Care, Animal Rescue, Other End Users
By Geography:The regions covered in the animal hospitals and veterinary clinics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
North America was the largest region in the animal hospitals and veterinary clinics market in 2023. Asia-Pacific was the second-largest region in the global animal hospitals and veterinary clinics market. The regions covered in the animal hospitals and veterinary clinics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Animal Hospitals And Veterinary Clinics Industry Players
Mars Inc, National Veterinary Associates Inc, CVS Group Plc, Apiam Animal Health Limited, Medivet Group Limited, Pets at Home Group Plc, MSPCA-Angell, Veterinary Purchasing Co. Ltd., Greencross Vets Limited, Zabeel Veterinary Hospital, International Center for Veterinary Services, Simplyhealth Group, Paw Veterinary Clinic, Chengdu Vet Hospital, Canberra Veterinary Hospital, Shengpu Pet Hospital, Blacks Vets Dudley Hospital, Frantz Cappe, Clinique Veterinaire Metivet, Alizee Vet Clinic, Cristina Cardone, Abbey House Veterinary Hospital, The Animal Medical Center, Premier Veterinary Group plc, Movet, Primo Veterinary Medicines Trading LLC, ANIMED Veterinary Clinic, Vetwest Animal Hospitals, Veterinary Vinohrady Brno, Centre Vétérinaire Laval, P3 Veterinary Partners, Audrain Veterinary Clinic Fuzzy, Maure, Mimados, Peru Animal Hospital, Miami County Veterinary Clinic, Cindy Fouts, Kokomo Animal Hospital, Royal Veterinary College, AL KUBARA VETERINARY MEDICINES TRADING LLC, Eurovets Veterinary Suppliers, Bryanston Veterinary Hospital (BVH), Kampala Animal Hospital.
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Animal Hospitals And Veterinary Clinics Market Overview
Animal hospitals and veterinary clinics refer to a type of premises at which veterinary surgery is practiced but at which animals are not retained overnight, whereas in veterinary hospitals, veterinary surgery is practiced, and animals receive treatment and nursing care, and other services include the reception, treatment, and care of animals suffering from disease or injury or in need of surgical or medical treatment or assistance.
Animal Hospitals And Veterinary Clinics Global Market Report 2023 provides data on the global animal hospitals and veterinary clinics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The animal hospitals and veterinary clinics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.