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 veterinary services market report forecasts the veterinary services market size to grow to $193.21 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Veterinary Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/veterinary-services-global-market-report

Veterinary Services Market Size Forecast
The global veterinary services market is expected to grow from $131.15 billion in 2022 to $142.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. 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, and affecting many markets across the globe. The veterinary services market is expected to grow from $193.21 billion in 2027 at a CAGR of 7.8%.

North America held the largest veterinary services market share.

Key Veterinary Services Market Driver ­– Increase The Demand For Feed Additives In The Livestock Industry
According to the US Department of Agriculture, in 2020, beef production in the USA increased to 27.5 billion pounds, the highest production volume registered in the country. Rising meat production is especially prominent in developing countries such as China, India, and Brazil, where increasing populations and rising income levels are stimulating the demand for meat products. By 2027, the production of meat and poultry in emerging markets is expected to increase by 76%. By 2050, China’s meat imports are expected to grow by over 3,500% to $150 billion as consumption of chicken, pork, and beef will surge due to the country’s rising middle class. The rising production of meat products supported by the growing population will increase the demand for feed additives in the livestock industry, driving the veterinary healthcare market.

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Key Veterinary Services Market Trend – Adopting Telemedicine
Telemedicine is gaining traction as this technology enables pet owners to get access to quality care from remote locations. Telemedicine is a subset of telehealth that includes remote clinical and non-clinical elements of the healthcare system. It refers to the direct communication between veterinarians and clients via communication systems such as phones, mail, and video conferencing technologies. This technology also helps in improving existing veterinarian-client-patient relationships. Busy lifestyles and consumers’ preference for personalised services are driving the demand for telemedicine services. For instance, some of the veterinary clinics offering telemedicine include Televet, Fuzzy Pet Health, and Healthpets.

Veterinary Services Market Segment
1) By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services
2) By Type of Animal: Livestock, Companion Animals
3) By Type of Expenditure: Public, Private
4) By Type of Service: Onsite, Offsite

Subsegments Covered: Routine Examinations, Non-surgical Procedures, Surgical Procedures, Pet Animals Laboratory Testing Services, Livestock Laboratory Testing Services

Veterinary Services Market Major Players and Strategies
Major players in the veterinary services market are IDEXX Laboratories, Pets at Home Group PLC, National Veterinary Associates, Greencross Limited, Qiagen N.V., CVS Group Plc, The Animal Medical Center, Dechra Pharmaceuticals, and Neogen Corporation.

The Veterinary Services Global Market Report 2023 covers regional data on veterinary services market size, veterinary services market trends and drivers, opportunities, strategies, and veterinary services market competitor analysis. The countries covered in the veterinary services 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.

Veterinary services refer to a type of service that is engaged in providing veterinary services to pets, farm animals, and animals kept in zoos and wildlife parks, including animal hospitals and veterinary clinics that provide consultation services, treatment, and curative medicines to animals to improve their health and life cycles.

View More Reports Related To The Veterinary Services Market –
Veterinary Medical Equipment Global Market Report 2023
Veterinary Antibiotics Global Market Report 2023
Veterinary Diagnostic Equipment Global Market Report 2023

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