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Veterinary Services Market worth $187.14 billion by 2030, growing at a CAGR of 6.85% - Exclusive Report by 360iResearch
Veterinary Services Market | 360iResearch
The Global Veterinary Services Market to grow from USD 117.68 billion in 2023 to USD 187.14 billion by 2030, at a CAGR of 6.85%.
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Veterinary services encompass the medical care and treatments provided to animals by licensed veterinarians. These services include preventative care, diagnosis, treatment of diseases, surgery, and rehabilitation for domestic pets and livestock. The provision of animal healthcare products, including vaccines, medications, and therapeutic diets, catered to support the well-being and longevity of animals. The rising pet ownership, growing awareness regarding animal health, and increasing expenditure on animal healthcare are propelling the adoption of veterinary services. In addition, advancements in veterinary diagnostics and therapeutics and intensification of livestock production propels the growth. However, the market faces challenges in the form of the high cost of services, a shortage of trained professionals, and strict regulations that can delay product availability. Moreover, opportunities within the sector are present in the utilization of telemedicine and mobile applications for remote consultation and monitoring, expansion in emerging markets, and ongoing research leading to innovations in animal health products and services. Therefore, the trend toward premium pet care services provides an avenue for future market expansion.
Market Segmentation & Coverage:
This research report categorizes the Veterinary Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Service, market is studied across Diagnostic Tests & Imaging, Physical Health Monitoring, and Surgery. The Physical Health Monitoring is projected to witness significant market share during forecast period.
Based on Animal Type, market is studied across Companion Animal and Farm Animal. The Companion Animal is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Veterinary Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Veterinary Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Veterinary Services Market, highlighting leading vendors and their innovative profiles. These include Addison Biological Laboratory, Inc., Animart LLC, Armor Animal Health, CVS Group PLC, Ethos Veterinary Health, Greencross Limited, Idexx laboratories, Patterson Companies Inc., PetIQ, LLC, and Phoenix Labs Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Veterinary Services Market, by Service
7. Veterinary Services Market, by Animal Type
8. Americas Veterinary Services Market
9. Asia-Pacific Veterinary Services Market
10. Europe, Middle East & Africa Veterinary Services Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Veterinary Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Veterinary Services Market?
3. What is the competitive strategic window for opportunities in the Veterinary Services Market?
4. What are the technology trends and regulatory frameworks in the Veterinary Services Market?
5. What is the market share of the leading vendors in the Veterinary Services Market?
6. What modes and strategic moves are considered suitable for entering the Veterinary Services Market?
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