Global Veterinary Services Market Trends And Strategies Of Major Players In The Veterinary Services Market 2021-2030
25 Mar, 2021
The veterinary services market consists of sales of veterinary services and related goods by entities (organizations, sole traders and partnerships) that provide veterinary services to pets, farm animals and animals kept in zoos and wildlife parks. This industry includes animal hospitals and veterinary clinics that provide consultation services, treatment, curative medicines to animals. The veterinary services market is segmented into animal hospitals and veterinary clinics and veterinary laboratory testing services.
Global Veterinary Services Market Size And Drivers:
The global veterinary services market is expected to grow from $93.23 billion in 2020 to $107.21 billion in 2021 at a compound annual growth rate (CAGR) of 15%. The market is expected to reach $131.47 billion in 2025 at a CAGR of 5%.
Global meat production is expected to rise in the forecast period, supporting the growth of the veterinary healthcare market.
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Trends In The Global Veterinary Services Market
Telemedicine is gaining traction as this technology enables pet owners to get access to quality care from remote locations. Telemedicine is a subset of Telehealth which includes remote clinical and non-clinical elements of the healthcare system. It refers to the direct communication between veterinarians and client via communication systems such as phone, mails and video conference technologies. This technology also helps in improving existing veterinarian-client-patient relationships. Busy lifestyles and consumers preference for personalized services is driving the demand for telemedicine services.
Global Veterinary Services Market Segments:
The global veterinary services market is further segmented based on type, type of animal, type of expenditure, type of service and geography.
By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services.
By Type of Animal: Livestock, Companion Animals.
By Type of Expenditure: Public, Private.
By Type of Service: Onsite, Offsite.
Subsegments Covered: Routine Examinations, Non-surgical Procedures, Surgical Procedures, Pet Animals Laboratory Testing Services, Livestock Laboratory Testing Services.
By Geography: The global veterinary services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global veterinary services market, accounting for 52% of the total market.
Read More On The Report For The Global Veterinary Services Market At:https://www.thebusinessresearchcompany.com/report/veterinary-services-global-market-report
Veterinary Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides veterinary services market overviews, analyzes and forecasts market size and growth for the global veterinary services market, veterinary services market share, veterinary services market players, veterinary services market segments and geographies, veterinary services market’s leading competitors’ revenues, profiles and market shares. The veterinary services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.