The animal hospitals and veterinary clinics market report from The Business Research Company covers growth-driving insights such as animal hospitals and veterinary clinics market size, animal hospitals and veterinary clinics market trends and drivers, animal hospitals and veterinary clinics market segmentation, animal hospitals and veterinary clinics market competitive landscape and more

The animal hospitals and veterinary clinics market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Animal Hospitals And Veterinary Clinics Market Size In 2022 And Forecast

The global animal hospitals and veterinary clinics market is expected to grow from $95.94 billion in 2021 to $106.2 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global animal hospitals and veterinary clinics market size is expected to grow to $138.37 billion in 2026 at a CAGR of 6.8%.

The animal hospitals and veterinary clinics market consists of sales of animal hospitals and veterinary clinics’ services such as consultation, surgery, medicine, and other food items for animals.

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The Rise In The Adoption Of Companion Pets Is Driving The Growth Of The Animal Hospitals And Veterinary Clinics Market

According to the American Veterinary Medical Association report, there was a correlation between the degree of human-animal bond and pet spending. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), in the USA, approximately 3.2 million shelter animals are adopted each year. Also, according to a study, Americans spent about $17 billion on veterinary care in hospitals, clinics, and food. Similarly, Chinese pet owners spent more than 5,000 yuan per pet. With this growth, the animal hospital and veterinary clinic market is expected to grow in the forecast period.

Competitive Landscape And The Regional Analysis Of The Animal Hospitals And Veterinary Clinics Market

Major players in the animal hospitals and veterinary clinics market are VCA Inc., Banfield Pet Hospital, Greencross Ltd., CVS Group Plc, Mars, Inc., National Veterinary Care Ltd., Pets at Home Group Plc, Ethos Veterinary Health, Animart LLC, and The Bargh Memorial Animal Hospital ASPCA.

Additionally, as per TBRC’s research – North America was the largest region in the animal hospitals and veterinary clinics market in 2021 holding the largest market share.

The Animal Hospitals And Veterinary Clinics Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the animal hospitals and veterinary clinics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the animal hospitals and veterinary clinics market.

Rising Adoption Of Big Data Technologies – A Key Trend In The Animal Hospitals And Veterinary Clinics Market

Many veterinary care service providers are adopting big data technologies to provide better treatment for pets, livestock, and animals. This technology is used to diagnose and assess potential diseases. Big data enables veterinarians to identify the diseases affecting cattle and pets in various locations and regions.

Animal Hospitals And Veterinary Clinics Market Segmentation By The Business Research Company

1) By Type: Consultation, Surgery, Medicine, Other Types

2) By Animal Type: Farm Animals, Companion Animals

3) By End User: Animal Care, Animal Rescue, Other End Users

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