Global Veterinary Services Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Mars Inc., Zoetis Inc., VCA Inc., IDEXX Laboratories Inc., Qiagen N.V., Pets at Home Group PLC

"The new report published by The Business Research Company, titled ""Veterinary Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the veterinary services market size has grown strongly in recent years. It will grow from $138.94 billion in 2023 to $148.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The veterinary services market size is expected to see strong growth in the next few years. It will grow to $194.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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Rising Meat Production Fuels Growth In Veterinary Services Market
Global meat production is expected to rise in the forecast period, supporting the growth of the veterinary services market. According to the US Department of Agriculture, in 2020, beef production in the USA increased to 27.5 billion pounds, the highest production volume registered in the country. Rising meat production is especially prominent in developing countries such as China, India, and Brazil, where increasing populations and rising income levels are stimulating the demand for meat products. By 2027, the production of meat and poultry in emerging markets is expected to increase by 76%. By 2050, China's meat imports are expected to grow by over 3,500% to $150 billion as consumption of chicken, pork, and beef will surge due to the country's rising middle class. The rising production of meat products supported by the growing population will increase the demand for feed additives in the livestock industry, driving the veterinary services market.

The Growing Use Of Telemedicine In Veterinary Care
Telemedicine is gaining traction as this technology enables pet owners to get access to quality care from remote locations. Telemedicine is a subset of telehealth that includes remote clinical and non-clinical elements of the healthcare system. It refers to the direct communication between veterinarians and clients via communication systems such as phones, mail, and video conferencing technologies. This technology also helps in improving existing veterinarian-client-patient relationships. Busy lifestyles and consumers' preference for personalized services are driving the demand for telemedicine services. For instance, some of the veterinary clinics offering telemedicine include Televet, Fuzzy Pet Health, and Healthpets.

The veterinary services market covered in this report is segmented -

1) By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services
2) By Type of Service: Onsite, Offsite
3) By Type of Animal: Livestock, Companion Animals
4) By Type of Expenditure: Public, Private

Subsegments Covered: Routine Examinations, Non-surgical Procedures, Surgical Procedures, Pet Animals Laboratory Testing Services, Livestock Laboratory Testing Services

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Major companies operating in the veterinary services market report are Mars Inc., Zoetis Inc., VCA Inc., IDEXX Laboratories Inc., Qiagen N.V., Pets at Home Group PLC, BluePearl Pet Hospital, Dechra Pharmaceuticals plc, PetIQ LLC, CVS Group Plc, Banfield Pet Hospital, Neogen Corporation, Vetpartners, Greencross Limited, National Veterinary Associates Inc., Pathway Vet Alliance LLC, Ethos Veterinary Health LLC, Southern Veterinary Partners, VetCor, VetStrategy, National Veterinary Care Ltd., VetnCare, PetVet Care Centers, Kremer Veterinary Services, Armor Animal Health, Addison Biological Lab Inc., FirstVet AB, Vetnovo

Contents of the report:
1. Executive Summary
2. Veterinary Services Market Report Structure
3. Veterinary Services Market Trends And Strategies
4. Veterinary Services Market - Macro Economic Scenario
5. Veterinary Services Market Size And Growth
…..
27. Veterinary Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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