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Veterinary Services Market Global Opportunities And Strategies To 2021

Starting Price : $ 4000.00 $ 2680.00 | Pages : 300 | Published : July 2018 | SKU CODE : o&s011 | Format :

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Veterinary Services Market Characteristics

Veterinary services provide healthcare for animals - especially pets, farm animals, and animals kept in zoos and wildlife parks. Healthcare is required in cases of disease or injury and for health maintenance and management.

This industry comprises licensed veterinary practitioners who practice veterinary medicine, dentistry or surgery for animals.

Veterinary Services Market Competitive Landscape

The veterinary services market is highly fragmented. The major companies in the vet industry are VCA Inc., Banfield Pet Hospitals, Green cross Limited, CVS Group Plc., and The Animal Medical Center. The global veterinary services market is highly fragmented. VCA Inc. was the largest competitor with about 2.74% of the market, followed by Banfield Pet Hospitals, Green cross Limited, CVS Group Plc, The Bergh Memorial Animal Hospital ASPCA and The Animal Medical Center. Global veterinary services mergers and acquisitions (M&A) are expected to increase in the coming years, building on medium activity in 2016 and 2017 where companies such Mars Inc, VCA and CVS acquired other companies. For example, in January 2017, Mars Inc. acquired VCA Animal Hospitals for around $7.7 billion. Veterinary services companies are continuing to realign their portfolios and pursue profitable inorganic growth opportunities. In addition, M&A interest is likely to be fueled by stronger corporate balance sheets, liquid debt markets, and continued favorable interest rates.

Veterinary Services Market Size

The veterinary services market is expected to reach $125 billion by 2021, growing at a little over 5% CAGR in the forecast period. The growth is mainly due to rising livestock population – the global livestock and poultry population is expected to rise in the forecast period. According to the USDA, in 2016, the USA’s commercial production of beef is expected to increase by almost 4% while beef and boiler meat exports are forecast to grow by about 9% and 7%, respectively. This trend is especially prominent in developing countries such as China, India and Brazil China is a world leader in pork production and its meat production increased from less than 70 million tons in 2010 to more than 76 million tons in 2016 Increasing population and rising income levels are stimulating the demand for livestock products in emerging markets.

The global veterinary services market is benefiting and more stringent livestock regulations – regulations surrounding the maintenance of cattle and livestock are increasing the demand for veterinary services. For instance, in March 2016 the United States Food and Drug Administration (FDA) announced an amendment in its humanly medically important antibiotics regulations. With effect from 2017, cattle owners need to administer the Veterinary Feed Directive (VFD) drugs under the supervision of licensed veterinarians. Thus, increasingly stringent rules and regulations surrounding the production and export of cattle and meat products are expected to drive the veterinary services market in the forecast period.

However, the veterinary services market is expected to face restraints from several factors such as interest rate increases?– interest rates are expected?to increase, particularly in the USA between?2016 and 2019. This will decrease the flow of cheap money which has been available for?investment,?making it harder and more expensive for?animal?healthcare?companies?or welfare organizations?to raise funds for research and development and market expansion and global warming – Increasing summer and winter temperatures due to global warming are leading to a decline in wildlife populations. Global warming effects include landslides and forest fires. There is a heavy loss in wildlife population due to forest fires and floods. Also, many pets are not evacuated during natural disasters leading to loss in pet population. Global warming will also increase vector borne diseases resulting in a fall in pet population, thus affecting the growth of the veterinary services market.

Veterinary Services Market Segmentation

The veterinary services market is segmented by type and by geography.
By Type- The veterinary services market is segmented to animal hospitals and veterinary clinics market, laboratory services and pet food and product sales. Among these three segments, the animal hospitals and veterinary clinics segment accounted for the largest share in the global veterinary services industry.
By Geography- The veterinary services market is further segmented into North America, South America, Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa regions. North America was the largest region in the global veterinary services market, accounting for about 48% of the market in 2018. Western Europe was the second largest region accounting for about 23% of the global veterinary services market. Africa was the smallest region in the global veterinary services market. The global veterinary services market is benefitting from insurance services. In developed markets the pet insurance industry is offering new product lines for veterinary services. The insurance cover helps pet owners to explore a range of treatment options, ensuring better healthcare of animals.
Veterinary Services Market Trends
Several trends witnessed in the vet market include the use of portable technology, electronic health records, insurance services aiding pet owners and specialty services.
Potential Opportunities In The Veterinary Services Market
Rising disposable income, and increasing spending on pets and growing pet ownership among the Gen X and Gen Y population has opened a significant demand and scope for the global veterinary services market in the forecast period.

    1.Executive Summary
  • 2.Veterinary Services Market Characteristics
  • 3.Veterinary Services Market Size and Growth
  • 3.1.Global Veterinary Services Market Historic Growth
  • 3.1.1.Drivers Of The Market
  • 3.1.2.Restraints On The Market
  • 3.2.Global Veterinary Services Market Forecast Growth
  • 3.2.1.Drivers Of The Market
  • 3.2.2.Restraints On The Market
  • 4.Pestle Analysis
  • 4.1.Political
  • 4.2.Economic
  • 4.3.Social
  • 4.4.Technological
  • 4.5.Legal
  • 4.6.Environment
  • 5.Porter’s Five Forces Analysis
  • 6.Global Veterinary Services Market Segmentation
  • 6.1.Global Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • Animal Hospitals And Veterinary Clinics
  • Routine examinations
  • Surgical procedures
  • Non-surgical procedures
  • Laboratory Services
  • Pet Food And Product Sales
  • 6.2.Global Veterinary Services Market, 2013-2021, Split By Segments And Sub-Segments, Historic And Forecast Growth Rate
  • 7.Global Veterinary Services Market Comparison with Macro-Economic Factors
  • 7.1.1.Veterinary Services Market Size, Percentage Of GDP, Global
  • 7.2.Per Capita Average Veterinary Services Expenditure, Global
  • 7.3.Veterinary Services Market Size, Percentage of GDP, By Country
  • 7.4.Per Capita Average Veterinary Services Expenditure, By Country
  • 8.Veterinary Services Market Regional and Country Analysis
  • 8.1.Veterinary Services Market Geographic Split
  • 8.1.1.Global Veterinary Services Market, 2018, By Region
  • 8.1.2.Global Veterinary Services Market, 2013-2021, Historic And Forecast Growth Rate, By Region
  • 8.1.3.Global Veterinary Services Market, 2018, By Country
  • 8.1.4.Global Veterinary Services Market, 2013-2021, Historic And Forecast Growth Rate, By Country
  • 8.1.5 Pet Population, Split By Type, By Country, 2018
  • 8.1.6 Livestock And Poultry Population, By Country, 2018
  • 9.Asia-Pacific Veterinary Services Market
  • 9.1.Asia Pacific Veterinary Services Market Overview
  • 9.2.Asia Pacific Veterinary Services Market Historic Growth
  • 9.3.Asia Pacific Veterinary Services Market Forecast Growth
  • 9.4.Asia Pacific Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 9.5.Asia Pacific Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 9.6.China Veterinary Services Market
  • 9.6.1.China Veterinary Services Market Overview
  • 9.6.2.China Veterinary Services Market Historic Growth
  • 9.6.3.China Veterinary Services Market Forecast Growth
  • 9.6.4.China Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 9.6.5.China Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 9.7.India Veterinary Services Market
  • 9.7.1.India Veterinary Services Market Overview
  • 9.7.2.India Veterinary Services Market Historic Growth
  • 9.7.3.India Veterinary Services Market Forecast Growth
  • 9.7.4.India Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 9.7.5.India Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 9.7.6.India Veterinary Services Market, By Animal Type
  • 9.7.7.India’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 9.8.Japan Veterinary Services Market
  • 9.8.1.Japan Veterinary Services Market Overview
  • 9.8.2.Japan Veterinary Services Market Historic Growth
  • 9.8.3.Japan Veterinary Services Market Forecast Growth
  • 9.8.4.Japan Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 9.8.5.Japan Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 9.8.6.Japan Veterinary Services Market, By Animal Type
  • 9.8.7.Japan’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 9.9.Australia Veterinary Services Market
  • 9.9.1.Australia Veterinary Services Market Historic Growth
  • 9.9.2.Australia Veterinary Services Market Forecast Growth
  • 9.9.3.Australia Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 9.9.4.Australia Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 9.9.5.Australia Veterinary Services Market, By Animal Type
  • 9.9.6.Australia’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 10.Western Europe Veterinary Services Market
  • 10.1.Western Europe Veterinary Services Market Overview
  • 10.2.Western Europe Veterinary Services Market Historic Growth
  • 10.3.Western Europe Veterinary Services Market Forecast Growth
  • 10.4.Western Europe Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 10.5.Western Europe Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 10.6.UK Veterinary Services Market
  • 10.6.1.UK Veterinary Services Market Overview
  • 10.6.2.UK Veterinary Services Market Historic Growth
  • 10.6.3.UK Veterinary Services Market Forecast Growth
  • 10.6.4.UK Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 10.6.5.UK Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 10.6.6.UK Veterinary Services Market, By Animal Type
  • 10.6.7.UK’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 10.7.Germany Veterinary Services Market
  • 10.7.1.Germany Veterinary Services Market Historic Growth
  • 10.7.2.Germany Veterinary Services Market Forecast Growth
  • 10.7.3.Germany Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 10.7.4.Germany Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 10.7.5.Germany Veterinary Services Market, By Animal Type
  • 10.7.6.Germany’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 10.8.France Veterinary Services Market
  • 10.8.1.France Veterinary Services Market Historic Growth
  • 10.8.2.France Veterinary Services Market Forecast Growth
  • 10.8.3.France Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 10.8.4.France Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 10.8.5.France Veterinary Services Market, By Animal Type
  • 10.8.6.France’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 10.9.Spain Veterinary Services Market
  • 10.9.1.Spain Veterinary Services Market Historic Growth
  • 10.9.2.Spain Veterinary Services Market Forecast Growth
  • 10.9.3.Spain Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 10.9.4.Spain Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 10.9.5.Spain Veterinary Services Market, By Animal Type
  • 10.9.6.Spain’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 10.1.Italy Veterinary Services Market
  • 10.10.1.Italy Veterinary Services Market Historic Growth
  • 10.10.2.Italy Veterinary Services Market Forecast Growth
  • 10.10.3.Italy Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 10.10.4.Italy Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 10.10.5.Italy Veterinary Services Market, By Animal Type
  • 10.10.6.Italy’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 11.Eastern Europe Veterinary Services Market
  • 11.1.Eastern Europe Veterinary Services Market Overview
  • 11.2.Eastern Europe Veterinary Services Market Historic Growth
  • 11.3.Eastern Europe Veterinary Services Market Forecast Growth
  • 11.4.Eastern Europe Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 11.5.Eastern Europe Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 11.6.Russia Veterinary Services Market
  • 11.6.1.Russia Veterinary Services Market Historic Growth
  • 11.6.2.Russia Veterinary Services Market Forecast Growth
  • 11.6.3.Russia Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 11.6.4.Russia Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 11.6.5.Russia Veterinary Services Market, By Animal Type
  • 11.6.6.Russia’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 12.North America Veterinary Services Market
  • 12.1.North America Veterinary Services Market Overview
  • 12.2.North America Veterinary Services Market Historic Growth
  • 12.3.North America Veterinary Services Market Forecast Growth
  • 12.4.North America Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 12.5.North America Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 12.6.USA Veterinary Services Market Overview
  • 12.6.1.USA Veterinary Services Market Historic Growth
  • 12.6.2.USA Veterinary Services Market Forecast Growth
  • 12.6.3.USA Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 12.6.4.USA Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 12.6.5.USA Veterinary Services Market, By Animal Type
  • 12.6.6.USA’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 13.South America Veterinary Services Market
  • 13.1.South America Veterinary Services Market Overview
  • 13.2.South America Veterinary Services Market Historic Growth
  • 13.3.South America Veterinary Services Market Forecast Growth
  • 13.4.South America Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 13.5.South America Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 13.6.Brazil Veterinary Services Market
  • 13.6.1.Brazil Veterinary Services Market Historic Growth
  • 13.6.2.Brazil Veterinary Services Market Forecast Growth
  • 13.6.3.Brazil Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 13.6.4.Brazil Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 13.6.5.Brazil Veterinary Services Market, By Animal Type
  • 13.6.6.Brazil’s Average Veterinary Services Revenue Per Animal, 2013-2021, $
  • 14.Middle-East Veterinary Services Market
  • 14.1.Middle-East Veterinary Services Market Overview
  • 14.2.Middle-East Veterinary Services Market Historic Growth
  • 14.3.Middle-East Veterinary Services Market Forecast Growth
  • 14.4.Middle-Eastl Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 14.5.Middle-East Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 15.Africa Veterinary Services Market
  • 15.1.Africa Veterinary Services Market Overview
  • 15.2.Africa Veterinary Services Market Historic Growth
  • 15.3.Africa Veterinary Services Market Forecast Growth
  • 15.4.Africal Veterinary Services Market, 2017, Split By Segments And Sub-Segments
  • 15.5.Africa Veterinary Services Market, 2013-2021, Segmentation, Historic And Forecast Growth Rate
  • 16.Veterinary Services Market Competitive Landscape
  • 16.1.VCA
  • 16.2.Banfield Pet Hospital
  • 16.3.Greencross Limited
  • 16.4.CVS Group
  • 17.Veterinary Services Market Trends And Strategies
  • 18.Veterinary Services Market Key Mergers and Acquisitions
  • 19.Veterinary Services Market Customer Information
  • 20.Market Background: Healthcare Market
  • 20.1.Healthcare Market Characteristics
  • 20.2.Global Healthcare Market
  • 20.3.Global Healthcare Historic Market Growth
  • 20.3.1.Drivers Of The Market
  • 20.3.2.Restraints On The Market
  • 20.4.Global Healthcare Forecast Market Growth
  • 20.4.1.Drivers Of The Market
  • 20.4.2.Restraints On The Market
  • 20.3.Healthcare Market Geography Regional And Country Analysis
  • 20.3.1.Healthcare Market, 2017, By Region
  • 20.3.2.Healthcare Market, 2013 - 2021, Historic And Forecast Growth Rates, By Region
  • 20.3.3.Healthcare Market, 2017, By Country
  • 20.3.4.Healthcare Market, 2013 - 2021, Historic And Forecast Growth Rates, By Country
  • 20.3.5.Healthcare Market Segmentation, By Region, 2017
  • 20.3.6.Healthcare Market Segmentation, By Country, 2017
  • 20.4.Global Healthcare Market Comparison With Macro Economic Factors
  • 20.4.1.Global Healthcare Market Size, Percentage Of GDP
  • 20.4.2.Global Per Capita Healthcare Expenditure
  • 20.5.Healthcare Market Comparison With Macro Economic Factors Across Countries
  • 20.5.1.Healthcare Market Size, Percentage Of GDP, By Country
  • 20.5.2.Per Capita Healthcare Expenditure, By Country
  • 20.6.Healthcare Services Market
  • 20.6.1.Healthcare Services Market Characteristics
  • 20.6.2.Healthcare Services Market Historic Growth
  • 20.6.3.Healthcare Services Market Forecast Growth
  • 20.6.4.Healthcare Services Market Segmentation
  • 20.6.5.Veterinary Services Market Compared To Healthcare Services Market, 2017, By Country
  • 20.Appendix
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