Press release
Veterinary Services Global Market Projected to Experience a Growth Rate of 6.9% CAGR, Reaching over $194.28 Billion By 2028
Veterinary Services Global Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=3624&type=smp
According to The Business Research Company's, 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 growth in the historic period can be attributed to growth of pet ownership trends, humanization of pets, urbanization and population density, companion animal insurance.
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%. The growth in the forecast period can be attributed to preventive and wellness services, specialized veterinary care, one health approach, e-commerce in pet pharmaceuticals, global pandemic impact. Major trends in the forecast period include technological innovations, telemedicine and remote consultations, advancements in veterinary medicine, telehealth for pets, focus on preventive care.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/veterinary-services-global-market-report
Market Drivers and Trends:
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.
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.
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:
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
Veterinary Services Market 2024 Key Insights:
• 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%.
• Rising Meat Production Fuels Growth In Veterinary Services Market
• The Growing Use Of Telemedicine In Veterinary Care
• North America was the largest region in the veterinary services market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=3624&type=smp
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Veterinary Services Global Market Projected to Experience a Growth Rate of 6.9% CAGR, Reaching over $194.28 Billion By 2028 here
News-ID: 3773861 • Views: …
More Releases from The Business research company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Vet
My Montgomery Vet Expands Services as a Trusted Urgent Care Vet in Montgomery, A …
Pets are more than companions-they're family. When emergencies or health concerns arise, pet owners need a trusted partner who can provide reliable, compassionate care. My Montgomery Vet, a leading veterinary practice in Montgomery, is proud to announce expanded services designed to meet both routine and urgent needs for local pets. From preventive care to advanced treatments, the hospital is the top choice for families searching for a dependable vet near…
My Montgomery Vet: Montgomery's Trusted Emergency and Urgent Care Vet for Every …
When pets fall ill or face sudden injuries, time becomes the most critical factor. Families across Montgomery know that in these crucial moments, they can count on My Montgomery Vet, a trusted local practice that combines advanced medical care with compassion. Whether searching for a reliable vet near me, a skilled emergency vet, or an accessible urgent care vet, pet owners consistently turn to My Montgomery Vet for excellence in…
My Montgomery Vet Expands Services to Meet Growing Demand for Urgent Care Vet Su …
My Montgomery Vet has expanded its offerings to include enhanced urgent care vet support. This expansion aims to provide timely, professional treatment for non-life-threatening yet pressing health concerns-bridging the gap between regular wellness visits and critical emergency care.
For pet owners, a sudden health issue or unexpected injury to their beloved animal can be both distressing and time-sensitive. Recognising the growing demand for fast, accessible veterinary services, My Montgomery Vet has…
My Montgomery Vet: The Go-To Emergency Vet for Prompt and Professional Pet Care
My Montgomery Vet has established itself as a trusted provider of comprehensive veterinary services in the Montgomery, Texas area, with a special focus on emergency vet care. Their commitment to prompt, professional, and compassionate treatment makes them a go-to resource for pet owners seeking immediate assistance for their furry family members.
My Montgomery Vet: Your Go-To Emergency Vet for Prompt and Professional Pet Care
When a pet faces a sudden health crisis,…
Veterinary Orthopedic Implants Market 2023 Manufacturer Landscape: DePuy Synthes …
Veterinary Orthopedic Implants Market 2023, recently published by MarketsandResearch.biz methodically compiles the principal components of the market study. The report assists clients in predicting investment in an emerging market, expansion of market share, or success of a new product with the help of global Veterinary Orthopedic Implants market research analysis. The global Veterinary Orthopedic Implants market segmentation is administered intimately supported various parameters that include applications, verticals, deployment model, end-user,…
Global Veterinary Orthopedic Implants Market Insights 2019 - DePuy Synthes Vet, …
QY Market Insights has introduced a market study namely, Global Veterinary Orthopedic Implants Market 2019, serving key insights and offering a competitive advantage to consumers through a detailed report. The report delivers a close watch on leading players, technological advancement, market scenarios and trend, and a comprehensive overview of the market situations in the forecast period. The authors have added essential figures associated with the production and consumption forecast for…
