Spain Veterinary Healthcare Market 2016-2020 / Size, Share, Growth, Trends, Forecast And Key Players are Bayer Animal Health, Ceva Animal Health And Zoetis Animal Healthcare

Spain veterinary services market is expected to decline from around $0.90 billion in 2016 to around $0.85 billion in 2020. Veterinary services provide healthcare for animals - especially pets, farm animals, and animals kept in zoos and wildlife parks. As the country recovers from the situation of economic crisis, consumer spending and unemployment will remain major issues. Low income levels are expected to lead to lower animal adoption, thereby slowing the demand for veterinary services.

Market Dynamics
Escalating occurrence of zoonotic diseases, growing consumer focus on animal health and food safety and the need to increase production of farm animal products (eggs, milk, beef and other dairy products) are a few factors that can result in a boost in revenues for the Veterinary healthcare in Spain. But as mentioned the economic crisis and unemployment are the major hindrances for the growth of the market.

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Market Segmentation
The Veterinary healthcare market can be broken down into sub markets that are Animal Hospitals and Veterinary Clinics, and Veterinary Laboratory Testing Services. Animal hospitals provide medical aid and surgical treatment (if necessary) and accommodation for veterinary patients.

Veterinary surgical services include procedures such as orthopaedics, soft tissue surgery, and neurosurgery for animals. Veterinary laboratory testing services include laboratory services and diagnostics for testing for licensed veterinary practitioners. On the basis of the type of animal the market can be segmented into farm animals(swine, poultry, cattle, sheep and fish) and companion animals(dogs, cats and horses). Companion animal dominated the market with the dogs as the most preferred pets in the country.

They accounted for about 26% of the total pet population as of 2014. There were 4.5 million dogs and 3.2 million cats in Spain in 2016.

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Portable Technology - Advances in diagnostic tools have improved veterinary services. Equipment such as portable x-ray and portable ultrasound scanners have increased the efficiency of veterinary treatment (especially in emergencies due to injury) for all equine/large animal, companion, exotic and mixed animal practices. For example, Wristscan V9, a diagnostic device, is being used for pregnancy tests for animals.

Key Players
Some of the key players in the market are Bayer Animal Health, Ceva Animal Health, Zoetis Animal Healthcare, Elanco Animal Health, Merck Ltd., Merial (Animal Health division of Sanofi).

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