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Veterinary Rehabilitation Services Market Competitor Analysis 2024-2033: Growth, Insights, Trends
"The Business Research Company recently released a comprehensive report on the Global Veterinary Rehabilitation Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16209&type=smp
According to The Business Research Company's, The veterinary rehabilitation services market size has grown rapidly in recent years. It will grow from $0.77 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to the growing demand for veterinary rehabilitation services, rising prevalence of musculoskeletal disorders, growing awareness of physical rehabilitation, and increasing number of veterinary rehabilitation centers.
The veterinary rehabilitation services market size is expected to see rapid growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to the rising trend of pet humanization, increasing focus on animal welfare, growing awareness of rehabilitation, increasing risks of musculoskeletal and orthopedic disorders, and rapid urbanization. Major trends in the forecast period include advancements in medical technologies, adoption of non-invasive and drug-free treatment, technology encapsulating pharmaceutical microparticles, collaborations and partnerships, and comprehensive rehabilitation services.
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Market Drivers and Trends:
The rising pet ownership is expected to propel the growth of the veterinary rehabilitation services market going forward. Pet ownership refers to the act of keeping and caring for a domestic animal or pet. It encompasses various responsibilities and activities associated with the animal's well-being, health, and maintenance. The rising pet ownership is due to changing societal attitudes towards pets as family members, increased awareness of the benefits of pet companionship for mental and physical health, and the availability of a wider variety of pet-friendly housing and services. Veterinary rehabilitation services are an integral part of modern pet care, utilized by pet owners to ensure their pets lead healthy, active, and happy lives. For instance, in June 2021, the US-based American Pet Products Association (APPA), during 2021-2022, the percentage of U.S. households owning pets climbed to an expected 70% from 67% in the previous year. Moreover, 86.9 million families, or 66% of American households, had pets in 2023-2024. Therefore, rising pet ownership is expected to propel the growth of the veterinary rehabilitation services market.
Major companies operating in the veterinary rehabilitation services market focus on developing innovative solutions, such as comprehensive training and rehabilitation services, to provide extensive training and tools for clinics to offer rehabilitation services. Comprehensive training and rehabilitation services refer to various modalities and techniques veterinary clinics use to help animals recover from injuries, illnesses, or surgeries. For instance, in July 2022, Vetoquinol SA, a France-based pharmaceutical company, launched a new program called the Vetoquinol Rehabilitation Business Solution (VeRBS) to help veterinary clinics offer pet rehabilitation services. The VeRBS program is a comprehensive solution that includes a two-day, on-site training course for up to 10 clinic staff members, covering lectures, hands-on labs, and business planning services. The VeRBS program aims to help clinics enhance their services and enable patients to regain strength, mobility, and comfort, ultimately improving their quality of life by providing a nearly turnkey solution for staff training and equipment selection.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Gulf Coast Veterinary Specialists, Veterinary Medical & Surgical Group, Veterinary Medical Center of Long Island, Canine Rehabilitation & Conditioning Group, VetStem Inc., Therapaw, Animal Acupuncture and Rehabilitation Center, Animal Rehab Center of Michigan, California Animal Rehabilitation (CARE) Center, Canine Wellness & Rehab Centre, Four Leg Rehab Inc., Happy Tails Pet Therapy, Armory Animal Hospital & Healing Paws Veterinary Rehabilitation Center, Holistic Veterinary Center PLC, Mid-Atlantic Animal Specialty Hospital, Natural Healing Veterinary Care, North Coast Veterinary Specialists, OrthoPets, The Canine Fitness Centre Ltd., Animal Health & Rehab Center, REHABVET CLINIC, DogLeggs, Fit Paws USA
Veterinary Rehabilitation Services Market 2024 Key Insights:
• The veterinary rehabilitation services market size is expected to see rapid growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• Increasing Pet Ownership Drives Veterinary Rehabilitation Services Market Growth
• Comprehensive Training Programs In Veterinary Rehabilitation Services
• North America was the largest region in the veterinary rehabilitation services market in 2023
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"""Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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