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Evolving Market Trends In The Animal Hospitals And Veterinary Clinics Industry: Big Data Technology In Veterinary Care For Animal Hospitals And Veterinary Clinics Market
The Animal Hospitals And Veterinary Clinics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Animal Hospitals And Veterinary Clinics Market Size During the Forecast Period?
In the past few years, there has been significant growth in the market size for animal hospitals and veterinary clinics. The market is projected to increase from $78.2 billion in 2024 to $84.43 billion in 2025, representing a compound annual growth rate (CAGR) of 8.0%. This remarkable growth during the historical period is due to factors such as the widespread uptake of pet insurance, higher spending on pets, increased costs for animal healthcare, and a surge in the pet population.
Forecasted expansion for the animal hospitals and veterinary clinics' market points towards robust growth in the coming years. The market is predicted to reach a size of $111.58 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.2%. This prospective progression during the forecast period is projected as a result of augmented pet ownership, a growing intake of animal-based products, supportive policies from the government, and heightened disease incidence among animals. Key emerging trends within this forecast period involve the commencement of mobile veterinary services, implementation of digital health records, the use of artificial intelligence in animal healthcare, the creation of new animal screening tests, and a growing focus on e-commerce within the pet care segment.
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What Are the High-Growth Segments in the Animal Hospitals And Veterinary Clinics Market?
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
Subsegments:
1) By Consultation: Routine Check-ups, Preventive Care, Nutritional Counseling, Behavioral Consultation
2) By Surgery: Soft Tissue Surgery, Orthopedic Surgery, Emergency Surgery, Neutering And Spaying Procedures
3) By Medicine: Vaccinations, Infectious Disease Treatments, Chronic Condition Management, Pain Management
4) By Other Types: Diagnostic Services (Imaging, Lab Tests), Emergency And Critical Care, Rehabilitation And Physiotherapy, Boarding And Grooming Services
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What Key Drivers Are Expected to Influence Future Animal Hospitals And Veterinary Clinics Market Growth?
Global pet adoption is on the rise, marking a growth trend in the veterinary clinics and animal hospital market. This increase is largely due to the growing trend of pet humanization, where more people recognise their pets as part of their family. A report by the American Veterinary Medical Association found a relationship between the strength of the human-animal bond and the amount spent on pet care. The American Society for the Prevention of Cruelty to Animals (ASPCA) claims about 3.2 million shelter animals are adopted annually in the USA. In line with this, Americans were found to have spent around $17 billion on items such as veterinary care and food in animal hospitals and clinics. In a similar fashion, Chinese pet owners have reportedly spent over 5,000 yuan per pet. This positive trend is anticipated to further fuel the expansion of the veterinary clinic and animal hospital market in the forecasted period.
Which Companies Hold the Largest Share Across Different Animal Hospitals And Veterinary Clinics Market Segments?
Major companies operating in the animal hospitals and veterinary clinics market include 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.
What Trends Are Driving Growth in The Animal Hospitals And Veterinary Clinics Market?
Numerous providers of veterinary care services are utilizing big data technologies to improve treatment outcomes for pets, livestock, and other animals. These technologies are being leveraged to detect and evaluate prospective diseases. Big data gives veterinarians the capability to recognize illnesses impacting cattle and pets across diverse locations and areas. As an illustration, Bayer Healthcare Animal has developed applications designed to detect potential indications of diseases in animals, thereby enabling quicker diagnosis and medical interventions. Major veterinary care providers such as VCA Inc., Banfield Pet Hospitals, and Greencross Limited are opting for big data analytics to address health issues of pets.
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What Are the Emerging Geographies for The Animal Hospitals And Veterinary Clinics Market Growth?
North America was the largest region in the animal hospitals and veterinary clinics market in 2024. Asia-Pacific was the second-largest region in the global animal hospitals and veterinary clinics market. The regions covered in the animal hospitals and veterinary clinics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Animal Hospitals And Veterinary Clinics Market?
2. What is the CAGR expected in the Animal Hospitals And Veterinary Clinics Market?
3. What Are the Key Innovations Transforming the Animal Hospitals And Veterinary Clinics Industry?
4. Which Region Is Leading the Animal Hospitals And Veterinary Clinics Market?
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