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

The Business Research Company’s animal hospitals and veterinary clinics market report forecasts the animal hospitals and veterinary clinics market size to grow to $157.02 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Animal Hospitals And Veterinary Clinics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/animal-hospitals-and-veterinary-clinics-global-market-report

Animal Hospitals And Veterinary Clinics Market Size Forecast
The global animal hospitals and veterinary clinics market is expected to grow from $107.76 billion in 2021 to $117.13 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global animal hospitals and veterinary clinics market size is expected to grow to $157.02 billion in 2026 at a CAGR of 7.6%.

North America held the largest animal hospitals and veterinary clinics market share.

Key Animal Hospitals And Veterinary Clinics Market Driver ­– Rise In The Adoption Of Companion Pets Globally
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.

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Key Animal Hospitals And Veterinary Clinics Market Trend – Adopting Big Data Technologies
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. For instance, Bayer Healthcare Animal introduced applications to assess potential signs of diseases in animals, thus enabling faster diagnosis and treatment of disease conditions. Some of the major veterinary care providers opting for big data analytics to treat pet health issues are VCA Inc., Banfield Pet Hospitals, and Greencross Limited.

Animal Hospitals And Veterinary Clinics Market Segment
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

Animal Hospitals And Veterinary Clinics Market Major Players and Strategies
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.

The Animal Hospitals And Veterinary Clinics Global Market Report 2023 covers regional data on animal hospitals and veterinary clinics market size, animal hospitals and veterinary clinics market trends and drivers, opportunities, strategies, and animal hospitals and veterinary clinics market competitor 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 refer to a type of premises at which veterinary surgery is practiced but at which animals are not retained overnight, whereas in veterinary hospitals, veterinary surgery is practiced and animals receive treatment and nursing care, 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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