Veterinary Services Market: By Medical Service (Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, Other Services), By Animal Type (Farm Animals, Companion Animals) And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
Veterinary Services Market: By Medical Service (Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, Other Services), By Animal Type (Farm Animals, Companion Animals) And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
PRODUCT OVERVIEW
Veterinary services are critical to the safe international commerce of live animals and animal products. It deals with the prevention, control, diagnosis, and treatment of diseases that impact the health of domestic and wild animals, as well as the prevention of disease transmission from animals to humans. By monitoring and preserving the health of animals, veterinarians ensure that people have a safe food supply. Veterinary services are present on farms, and doctors collaborate with farmers to ensure that animals are healthy and kept in clean and hygienic circumstances. They also aid in the reduction of foodborne threats to public health in slaughterhouse operations.
MARKET HIGHLIGHTS
Global Veterinary Services Market is expected to rise with a noticeable CAGR of 7% in 2031.
Global Veterinary Services Market is expected to outshine to USD 76.4 Billion by 2031 from USD 38.7 Billion in 2021 at a CAGR of 7% in the coming years, i.e., 2021-2031. Over the next few years, the market is likely to be driven by the rising frequency of zoonotic and food-borne diseases, a considerable increase in the adoption of companion animals such as dogs, cats, and horses, and increased per capita animal health spending. The adoption of better veterinary care is likely to increase as the number of government actions to protect food security grows. The rising need for veterinary care is mostly due to a rise in pet adoption and humanization around the world, which is driving market expansion.
GLOBAL VETERINARY SERVICES MARKET: SEGMENTS
Other Services segment is predicted to grow with the maximum CAGR during 2021-31
Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, and Other Services are the four categories of medical services in the global veterinary services market. Grooming, dental care, counselling, vaccination, and other services for animal care are available. The prevalence of a variety of diseases in animals around the world is predicted to increase demand for veterinary services. As a result, among other things, the other services segment is likely to dominate.
Farm Animals segment is expected to grow with the highest CAGR over the forecast period
Based on Animal Type, global Veterinary Services Market is fragmented into Farm Animals and Companion Animals. During the anticipated years, farm animals such as cattle and poultry are expected to have increased medicalization rates. Veterinary health was neglected in Asia's growing nations; nevertheless, contemporary legislation has been enacted to investigate farm conditions and assure maximal animal protection.
MARKET DYNAMICS
Drivers
Growing research and development for better care to animals
Rise in pet adoption is driving the growth
Restraint
Technological advancements to reduce the use of farming animals
GLOBAL VETERINARY SERVICES MARKET:
Key Players
Veterinary Services Market Segments:
PRODUCT OVERVIEW
Veterinary services are critical to the safe international commerce of live animals and animal products. It deals with the prevention, control, diagnosis, and treatment of diseases that impact the health of domestic and wild animals, as well as the prevention of disease transmission from animals to humans. By monitoring and preserving the health of animals, veterinarians ensure that people have a safe food supply. Veterinary services are present on farms, and doctors collaborate with farmers to ensure that animals are healthy and kept in clean and hygienic circumstances. They also aid in the reduction of foodborne threats to public health in slaughterhouse operations.
MARKET HIGHLIGHTS
Global Veterinary Services Market is expected to rise with a noticeable CAGR of 7% in 2031.
Global Veterinary Services Market is expected to outshine to USD 76.4 Billion by 2031 from USD 38.7 Billion in 2021 at a CAGR of 7% in the coming years, i.e., 2021-2031. Over the next few years, the market is likely to be driven by the rising frequency of zoonotic and food-borne diseases, a considerable increase in the adoption of companion animals such as dogs, cats, and horses, and increased per capita animal health spending. The adoption of better veterinary care is likely to increase as the number of government actions to protect food security grows. The rising need for veterinary care is mostly due to a rise in pet adoption and humanization around the world, which is driving market expansion.
GLOBAL VETERINARY SERVICES MARKET: SEGMENTS
Other Services segment is predicted to grow with the maximum CAGR during 2021-31
Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, and Other Services are the four categories of medical services in the global veterinary services market. Grooming, dental care, counselling, vaccination, and other services for animal care are available. The prevalence of a variety of diseases in animals around the world is predicted to increase demand for veterinary services. As a result, among other things, the other services segment is likely to dominate.
Farm Animals segment is expected to grow with the highest CAGR over the forecast period
Based on Animal Type, global Veterinary Services Market is fragmented into Farm Animals and Companion Animals. During the anticipated years, farm animals such as cattle and poultry are expected to have increased medicalization rates. Veterinary health was neglected in Asia's growing nations; nevertheless, contemporary legislation has been enacted to investigate farm conditions and assure maximal animal protection.
MARKET DYNAMICS
Drivers
Growing research and development for better care to animals
Rise in pet adoption is driving the growth
Restraint
Technological advancements to reduce the use of farming animals
GLOBAL VETERINARY SERVICES MARKET:
Key Players
- Mars Inc.
- Greencross Ltd.
- National Veterinary Care Ltd.
- Pets at Home Group PLC
- CVS Group PLC
- Ethos Veterinary Health
- Addison Biological Laboratory
- Armor Animal Health
- PetIQ, LLC
Veterinary Services Market Segments:
- By Medical Service
- Surgery
- Diagnostic Tests and Imaging
- Physical Health Monitoring
- Other Services
- By Animal Type
- Farm Animals
- Companion Animals
- Veterinary Services Market Dynamics
- Veterinary Services Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Veterinary Services Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Veterinary Services Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL VETERINARY SERVICES MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL VETERINARY SERVICES MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Medical Service
11.3.1.1. Surgery
11.3.1.1.1. By Value (USD Million) 2021-2031F
11.3.1.1.2. Market Share (%) 2021-2031F
11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Diagnostic Tests and Imaging
11.3.1.2.1. By Value (USD Million) 2021-2031F
11.3.1.2.2. Market Share (%) 2021-2031F
11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.3. Physical Health Monitoring
11.3.1.3.1. By Value (USD Million) 2021-2031F
11.3.1.3.2. Market Share (%) 2021-2031F
11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.4. Other Services
11.3.1.4.1. By Value (USD Million) 2021-2031F
11.3.1.4.2. Market Share (%) 2021-2031F
11.3.1.4.3. Y-o-Y Growth (%) 2021-2031F
11.3.2. By Animal Type
11.3.2.1. Farm Animals
11.3.2.1.1. By Value (USD Million) 2021-2031F
11.3.2.1.2. Market Share (%) 2021-2031F
11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.2. Companion Animals
11.3.2.2.1. By Value (USD Million) 2021-2031F
11.3.2.2.2. Market Share (%) 2021-2031F
11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Medical Service
12.3.2. By Animal Type
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Medical Service
13.3.2. By Animal Type
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Medical Service
14.3.2. By Animal Type
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Medical Service
15.3.2. By Animal Type
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Medical Service
16.3.2. By Animal Type
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Mars Inc.
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Greencross Ltd.
18.3. National Veterinary Care Ltd.
18.4. Pets at Home Group PLC
18.5. CVS Group PLC
18.6. Ethos Veterinary Health
18.7. Addison Biological Laboratory
18.8. Armor Animal Health
18.9. PetIQ, LLC
18.10. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Veterinary Services Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Veterinary Services Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL VETERINARY SERVICES MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL VETERINARY SERVICES MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Medical Service
11.3.1.1. Surgery
11.3.1.1.1. By Value (USD Million) 2021-2031F
11.3.1.1.2. Market Share (%) 2021-2031F
11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Diagnostic Tests and Imaging
11.3.1.2.1. By Value (USD Million) 2021-2031F
11.3.1.2.2. Market Share (%) 2021-2031F
11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.3. Physical Health Monitoring
11.3.1.3.1. By Value (USD Million) 2021-2031F
11.3.1.3.2. Market Share (%) 2021-2031F
11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.4. Other Services
11.3.1.4.1. By Value (USD Million) 2021-2031F
11.3.1.4.2. Market Share (%) 2021-2031F
11.3.1.4.3. Y-o-Y Growth (%) 2021-2031F
11.3.2. By Animal Type
11.3.2.1. Farm Animals
11.3.2.1.1. By Value (USD Million) 2021-2031F
11.3.2.1.2. Market Share (%) 2021-2031F
11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.2. Companion Animals
11.3.2.2.1. By Value (USD Million) 2021-2031F
11.3.2.2.2. Market Share (%) 2021-2031F
11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Medical Service
12.3.2. By Animal Type
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Medical Service
13.3.2. By Animal Type
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Medical Service
14.3.2. By Animal Type
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Medical Service
15.3.2. By Animal Type
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA VETERINARY SERVICES MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Medical Service
16.3.2. By Animal Type
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Mars Inc.
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Greencross Ltd.
18.3. National Veterinary Care Ltd.
18.4. Pets at Home Group PLC
18.5. CVS Group PLC
18.6. Ethos Veterinary Health
18.7. Addison Biological Laboratory
18.8. Armor Animal Health
18.9. PetIQ, LLC
18.10. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
