The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Veterinary Rehabilitation Services Global Market Report 2024, the veterinary rehabilitation services market is expected to show significant growth in the forecast period.

The veterinary rehabilitation services market has experienced rapid growth in recent years and is poised for continued expansion. This blog explores the current state of the market, future projections, and key trends shaping the industry.

Market Overview

• Current Market Size: $0.77 billion in 2023
• Short-term Growth: Expected to reach $0.85 billion in 2024
• CAGR (2023-2024): 11.0%

Recent growth is driven by an increasing demand for veterinary rehabilitation services, rising prevalence of musculoskeletal disorders, heightened awareness of physical rehabilitation, and a growing number of specialized rehabilitation centers.

Future Projections

• Projected Market Size (2028): $1.31 billion
• Long-term Growth: CAGR of 11.4% from 2024 to 2028

The forecasted growth is attributed to several factors:

• Pet Humanization: Increased focus on treating pets like family members.
• Animal Welfare: Rising awareness and emphasis on animal health.
• Rehabilitation Awareness: Growing recognition of the benefits of rehabilitation services.
• Urbanization: Rapid urbanization leads to higher pet ownership and demand for services.

Key Trends in Veterinary Rehabilitation

Advancements in Medical Technologies

• Non-Invasive Treatments: Adoption of drug-free, non-invasive methods.
• Pharmaceutical Microparticles: Technology for precise drug delivery and treatment.
• Comprehensive Services: Integration of various rehabilitation modalities for holistic care.

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Collaborations and Partnerships

• Innovative Programs: Development of new programs and solutions through industry collaborations.

Impact of Rising Pet Ownership

Increasing pet ownership is a major driver for the veterinary rehabilitation services market. Key points include:

• Changing Attitudes: Pets are increasingly seen as family members.
• Awareness and Benefits: Greater awareness of the health benefits of pets.
• Pet-Friendly Services: Expanded availability of pet-friendly housing and services.

For instance, in June 2021, the percentage of U.S. households owning pets rose to 70%, and in 2023–2024, 66% of American households had pets. This rise in pet ownership boosts the demand for veterinary rehabilitation services.

Innovations in Veterinary Rehabilitation

Comprehensive Training Programs

• Vetoquinol SA’s VeRBS Program: Launched in July 2022, this program provides a comprehensive solution for veterinary clinics, including on-site training, hands-on labs, and business planning services. The goal is to enhance clinic services and improve pet recovery outcomes.

Rarebreed Veterinary Partners’ Acquisition

• Expansion Through Acquisition: In July 2022, Rarebreed Veterinary Partners acquired Vet’s Best Friend. This acquisition aims to enhance comprehensive care offerings by leveraging Vet’s Best Friend’s expertise in rehabilitation services.

Market Segmentation

The veterinary rehabilitation services market is segmented as follows:

1. By Type:
   • Manual Therapy
   • Hydrotherapy
   • Hot and Cold Therapies
   • Electro Therapies
   • Other Types
2. By Indication:
   • Post-Surgery
   • Traumatic Injuries
   • Acute and Chronic Diseases
   • Developmental Abnormalities
   • Other Indications
3. By End-User:
   • Veterinary Rehab Centers and Hospitals
   • Rescue and Shelter Homes
   • Rehab Sanctuaries
   • Other End-Users

Regional Insights

• North America: The largest market region in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

Conclusion

The veterinary rehabilitation services market is expanding rapidly due to increased pet ownership, advancements in technology, and a growing focus on comprehensive animal care. With innovative solutions and significant industry developments, the market is set for continued growth and evolution in the coming years.

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