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Veterinary Services Global Market Report 2025: Market Growth, Key Players, and Trends
Veterinary Services Market Overview
What Is The Projected Market Size Of The Veterinary Services Global Market And Its Growth Rate?
•The veterinary services market size shows strong growth, rising from $156.4 billion in 2024 to $168.86 billion by 2025 at a CAGR of 8.0%. Growth factors during this period include the rising pet ownership trends, urbanization, and increased companion animal insurance.
•The market is further expected to grow to $223.15 billion in 2029 at a CAGR of 7.2%. This forecasted growth can be attributed to preventive and wellness services, specialized veterinary care, e-commerce in pet pharmaceuticals, and the impact of global pandemics.
What Is Driving The Growth In The Veterinary Services Global Market?
The increase in global meat production is significantly driving the veterinary services market. As per the UK Livestock Statistics, total meat production in 2022 remained at 4.2 million tonnes, marking an 18% increase from the previous decade. The production of red meat also escalated in 2022, particularly mutton, and lamb production that showed a remarkable 2.9% increase. The rising demand for feed additives in the livestock industry due to increasing meat production activities concurrent with population growth is propelling the veterinary services market.
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Who Are the Key Players Driving Veterinary Services Global Market Report 2025 Growth?
•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
What Are The Key Trends In The Veterinary Services Global Market?
•Technological Innovations: Advances in technology are enhancing veterinary diagnoses and treatments.
•Telemedicine and Remote Consultations: This trend allows pet owners to access quality care from remote locations, thus increasing the demand for telemedicine services.
•Advancements in Veterinary Medicine: Rapid advances are improving overall pet health care.
•Telehealth for Pets: Telehealth improves existing veterinarian-client-patient relationships.
•Focus on Preventive Care: A preventive approach is gaining prominence to avoid potential health risks before they become serious problems.
What Are The Segments Of The Global Veterinary Services Global Market?
•By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services
•By Type of Service: Onsite, Offsite
•By Type of Animal: Livestock, Companion Animals
•By Type of Expenditure: Public, Private
Which Region Leads The Veterinary Services Global Market?
In 2024, North America was the largest region in the veterinary services market, followed by Asia-Pacific. The regions covered in the veterinary services market report comprise Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Veterinary Services Global Market Report 2025?
-Market Size Analysis: Analyze the Veterinary Services Global Market size by key regions, countries, product types, and applications.
-Market Segmentation Analysis: Identify various subsegments within the Veterinary Services Global Market for effective categorization.
-Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
-Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
-Market Contribution: Evaluate contributions of different segments to the overall Veterinary Services Global Market growth.
-Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
-Industry Challenges: Analyze challenges and risks affecting the Veterinary Services Global Market.
-Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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