Press release
The COVID-19 outbreak is anticipated to have a negative impact on the growth of the global veterinary oncology market
Veterinary oncology is a specialized field of veterinary medicine that focuses on the diagnosis, treatment, and management of cancer in animals. Veterinary oncologists work closely with pet owners and their pets to provide a comprehensive cancer treatment plan that considers the animal's overall health, age, and quality of life.
Some of the most common types of cancer that affect pets include lymphoma, mast cell tumors, osteosarcoma, and melanoma. Veterinary oncologists use a variety of diagnostic tools, including imaging studies, biopsies, and blood tests, to determine the type and extent of cancer in an animal.
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• CAGR: 10.8%
• Current Market Size: USD 0.297 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2030
• Base Year: 2021
Veterinary Oncology Market -
The global veterinary oncology market was valued at $0.297 billion in 2020, and is estimated to reach $0.819 billion by 2030, growing at a CAGR of 10.8% from 2021 to 2030.
The veterinary oncology market in surgery refers to the segment of the veterinary industry that focuses on surgical treatments for cancer in animals. This includes surgical procedures to remove tumors, biopsy tissue samples for diagnosis, and reconstructive surgery after tumor removal.
The market for veterinary oncology surgery is driven by several factors, including an increasing awareness of the importance of early detection and treatment of cancer in pets, the rising prevalence of cancer in animals, and the growing availability of advanced surgical equipment and techniques.
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The COVID-19 outbreak is anticipated to have a negative impact on the growth of the global veterinary oncology market. The COVID-19 pandemic has stressed the healthcare systems in the world and increased the need for the development of diagnostic instruments & treatment centers for human. The nonessential business is closed in many states such as university, restaurants, schools, shopping malls, and corporations.
Thus, the COVID-19 pandemic is affecting the world, including the pets such as street dogs and cats. A number of clinics and hospitals were restructured to increase the hospital capacity for patients diagnosed with COVID-19. Veterinary oncologists have high risk of contracting and transmitting the coronavirus. The implementation of lockdown due to COVID-19 outbreak resulted in decline in of the number of patient visits for the treatment of animal suffered from cancer during COVID-19. This has significantly contributed toward the growth of the global market.
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