Press release
Veterinary Healthcare Market Size and Forecast 2020-2030 | Covid 19 Impact And Recovery
Veterinary Healthcare Market
The global veterinary healthcare market is expected to decline from $150.7 billion in 2019 to $119 billion in 2020 at a compound annual growth rate (CAGR) of -21.1%. The decline is mainly due to COVID-19 outbreak and the lockdown measures to contain it. Several veterinary care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. There is also worldwide demand and supply issue due to an inadequate production of veterinary care devices because of the restrictions imposed by governments of various countries to shutdown factories, or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $186.7 billion in 2023.
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The veterinary healthcare market consists sales of goods and services by entities (organizations, sole traders and partnerships) associated with diagnosis, treatment and prevention of diseases in animals. This industry includes establishments that provide veterinary services, veterinary medical equipment producers and animal medicine producers.
The pet insurance industry is offering new product lines for veterinary services in developed markets. The insurance cover helps pet owners to explore a range of treatment options available ensuring better healthcare of animals. For example, Healthy Paws pet insurance offers insurance for pet illness, accidents, hereditary and congenital conditions, chronic conditions and alternative care.
Veterinary Healthcare Market Segmentation: -
By Type
Veterinary Services
Veterinary Medical Equipment
Animal Medicine
By Type of Animal
Livestock
Companion Animals
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Veterinary Healthcare Market Characteristics
4. Veterinary Healthcare Market Product Analysis
5. Veterinary Healthcare Market Supply Chain
......
20. Veterinary Healthcare Market Competitive Landscape
21. Key Mergers And Acquisitions In The Veterinary Healthcare Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Veterinary Healthcare Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Veterinary Healthcare Market are Bayer AG; Boehringer Ingelheim GmbH; Cargill Inc.; Ceva Santé Animale; Eli Lilly and Company
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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