Global Animal Hospitals And Veterinary Clinics Market 2024 Opportunity Assessment, Size, Growth Rate And Forecast To 2033

The animal hospitals and veterinary clinics market size has grown strongly in recent years. It will grow from $113.97 billion in 2023 to $121.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increased penetration of pet insurance, increased spending on pets, rise in animal healthcare expenditure and increased pet population.

The animal hospitals and veterinary clinics market size is expected to see strong growth in the next few years. It will grow to $157.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing pet ownership, increasing consumption of animal-derived products, supportive government initiatives and increasing disease prevalence among animals. Major trends in the forecast period include launch of mobile veterinary units, introduction of electronic health records use of artificial intelligence in animal care, development of new screening tests for animals and increasing emphasis on e-commerce in the pet care industry.

Market Overview -
Animal hospitals and veterinary clinics refer to a type of premises at which veterinary surgery is practiced but at which animals are not retained overnight, whereas in veterinary hospitals, veterinary surgery is practiced, and animals receive treatment and nursing care, and other services include the reception, treatment, and care of animals suffering from disease or injury or in need of surgical or medical treatment or assistance.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=3808&type=smp

Rise In Adoption Of Companion Pets In Animal Hospitals And Veterinary Clinics Market
The rise in the adoption of companion pets globally is driving the animal hospitals and veterinary clinics market. The key factor behind this rise in adoption is the increasing humanization of pets, as an increasing number of pet owners are accepting pets as family members. According to the American Veterinary Medical Association report, there was a correlation between the degree of human-animal bond and pet spending. According to the American Society for the Prevention of Cruelty to Animals (ASPCA), in the USA, approximately 3.2 million shelter animals are adopted each year. Also, according to a study, Americans spent about $17 billion on veterinary care in hospitals, clinics, and food. Similarly, Chinese pet owners spent more than 5,000 yuan per pet. With this growth, the animal hospital and veterinary clinic market is expected to grow in the forecast period.

Competitive Landscape -
Major companies operating in the animal hospitals and veterinary clinics market report are Mars Inc, National Veterinary Associates Inc, CVS Group Plc, Apiam Animal Health Limited, Medivet Group Limited, Pets at Home Group Plc, MSPCA-Angell, Veterinary Purchasing Co. Ltd., Greencross Vets Limited, Zabeel Veterinary Hospital, International Center for Veterinary Services, Simplyhealth Group, Paw Veterinary Clinic, Chengdu Vet Hospital, Canberra Veterinary Hospital, Shengpu Pet Hospital, Blacks Vets Dudley Hospital, Frantz Cappe, Clinique Veterinaire Metivet, Alizee Vet Clinic, Cristina Cardone, Abbey House Veterinary Hospital, The Animal Medical Center, Premier Veterinary Group plc, Movet, Primo Veterinary Medicines Trading LLC, ANIMED Veterinary Clinic, Vetwest Animal Hospitals, Veterinary Vinohrady Brno, Centre Vétérinaire Laval, P3 Veterinary Partners, Audrain Veterinary Clinic Fuzzy, Maure, Mimados, Peru Animal Hospital, Miami County Veterinary Clinic, Cindy Fouts, Kokomo Animal Hospital, Royal Veterinary College, AL KUBARA VETERINARY MEDICINES TRADING LLC, Eurovets Veterinary Suppliers, Bryanston Veterinary Hospital (BVH), Kampala Animal Hospital.

Big Data Technology In Veterinary Care For Animal Hospitals And Veterinary Clinics Market
Many veterinary care service providers are adopting big data technologies to provide better treatment for pets, livestock, and animals. This technology is used to diagnose and assess potential diseases. Big data enables veterinarians to identify the diseases affecting cattle and pets in various locations and regions. For instance, Bayer Healthcare Animal introduced applications to assess potential signs of diseases in animals, thus enabling faster diagnosis and treatment of disease conditions. Some of the major veterinary care providers opting for big data analytics to treat pet health issues are VCA Inc., Banfield Pet Hospitals, and Greencross Limited.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/animal-hospitals-and-veterinary-clinics-global-market-report

Key Segments -
The animal hospitals and veterinary clinics market covered in this report is segmented -
1) By Type: Consultation, Surgery, Medicine, Other Types
2) By Animal Type: Livestock, Companion Animals
3) By End-User: Animal Care, Animal Rescue, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.