Animal Hospitals And Veterinary Clinics Market Forecast 2023-2032: Size, Key Players And Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest animal hospitals and veterinary clinics market share.
The global animal hospitals and veterinary clinics market is expected to grow from $107.76 billion in 2022 to $117.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The animal hospitals and veterinary clinics market is expected to grow to $157.02 billion in 2027 at a CAGR of 7.6%.
Major Driver In The Animal Hospitals And Veterinary Clinics Market – Rise In The Adoption Of Companion Pets Globally
The American Society for the Prevention of Cruelty to Animals (ASPCA) estimates that approximately 3.2 million shelter animals are adopted in the United States each year. In addition, a survey found that Americans spend approximately $17 billion on veterinary care in hospitals, clinics, and food. Chinese pet owners, on the other hand, paid more than 5,000 yuan each pet. The animal hospital and veterinary clinic market is likely to develop throughout the forecast period as a result of this growth.
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Key Animal Hospitals And Veterinary Clinics Market Segments
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
Recent Animal Hospitals And Veterinary Clinics Market Trend – Adopting Big Data Technologies
Many veterinary care providers are embracing big data technologies in order to provide better care for pets, livestock, and animals. This technology is used to detect and evaluate suspected diseases. Veterinarians can use big data to identify diseases affecting cattle and pets in diverse areas and regions. Bayer Healthcare Animal, for example, launched applications to check potential indicators of disease in animals, allowing for speedier diagnosis and treatment of disease conditions. VCA Inc., Banfield Pet Hospitals, and Greencross Limited are among the top veterinary care providers using big data analytics to tackle pet health issues.
Animal Hospitals And Veterinary Clinics Market Prominent Players
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.
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The Animal Hospitals And Veterinary Clinics Global Market Report 2023 provides a comprehensive overview on the animal hospitals and veterinary clinics market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Animal hospitals and veterinary clinics are two types of facilities where veterinary surgery is performed but animals are not kept overnight, whereas veterinary hospitals perform veterinary surgery and provide treatment and nursing care to animals, 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.
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