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Veterinary Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • October 2022
  • Region: Global
  • IMARC Group
  • ID: 5682430
The global veterinary service market size reached US$ 101.78 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 141.61 Billion by 2027, exhibiting a CAGR of 5.66% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A veterinary service is utilized in the surveillance, early diagnosis, and treatment of animal diseases, zoonoses, and foodborne zoonotic hazards. It relies on veterinary medicinal products, such as antimicrobial agents, to minimize the likelihood of non-compliance concerning veterinary drug residues in food of animal origin and the development of antimicrobial resistance (AMR). Besides this, it assists in increasing awareness about food producers, processors and distributors, and addressing animal production food safety.

Veterinary Service Market Trends:

With the rising number of human pathogens originating in animals, veterinary services are presently becoming increasingly essential for protecting animals, safeguarding public health, and ensuring food safety. This, in confluence with the increasing adoption of companion animals around the world, represents one of the key factors stimulating the growth of the market. Moreover, governments of numerous countries are relaxing the telemedicine and veterinarian-client-patient relationship (VCPR) regulations on account of the coronavirus disease (COVID-19) outbreak and making telemedicine available to pet parents. It is utilized in veterinary for postoperative checks, dermatologic concerns, behavioral issues, and scheduled follow-up visits for pets with chronic diseases, thereby allowing veterinarians to prescribe the treatment without the direct examination of pets. This, coupled with recent expansions in pet services, including online pet pharmacies and food and product delivery via subscription services, is impelling the market growth. Apart from this, advances in animal health biotechnologies, such as vaccines, antimicrobials, and diagnostic tools, for minimizing the burden of diseases and improving the standards of animal health and welfare are positively influencing the market. In addition, significant growth in the livestock sector is projected to create a positive outlook for the market in the upcoming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global veterinary service market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, animal type and end use.

Breakup by Service:

  • Surgery
  • Diagnostic Tests and Imaging
  • Physical Health Monitoring
  • Others

Breakup by Animal Type:

  • Companion Animal
  • Farm Animal

Breakup by End Use:

  • Veterinary Clinic
  • Veterinary Hospital

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Addison Biological Laboratory Inc., Armor Animal Health, CityVet, CVS Group PLC, Elanco Animal Health Incorporated, Ethos Veterinary Health LLC, FirstVet, Greencross Vets, Heska Corporation, Idexx Laboratories Inc., Intervet Inc. (Merck & Co. Inc.), PetIQ LLC and Pets at Home Group PLC.

Key Questions Answered in This Report:

  • How has the global veterinary service market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global veterinary service market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the animal type?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global veterinary service market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Veterinary Service Market

What is the estimated value of the Global Veterinary Service Market?

The Global Veterinary Service Market was estimated to be valued at $101.78 Billion in 2021.

What is the growth rate of the Global Veterinary Service Market?

The growth rate of the Global Veterinary Service Market is 5.6%, with an estimated value of $141.61 Billion by 2027.

What is the forecasted size of the Global Veterinary Service Market?

The Global Veterinary Service Market is estimated to be worth $141.61 Billion by 2027.

Who are the key companies in the Global Veterinary Service Market?

Key companies in the Global Veterinary Service Market include Addison Biological Laboratory Inc., Armor Animal Health, CityVet, CVS Group PLC, Elanco Animal Health Incorporated, Ethos Veterinary Health LLC, FirstVet, Greencross Vets and Idexx Laboratories Inc..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Veterinary Service Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Surgery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Diagnostic Tests and Imaging
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Physical Health Monitoring
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Animal Type
7.1 Companion Animal
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Farm Animal
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use
8.1 Veterinary Clinic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Veterinary Hospital
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Addison Biological Laboratory Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Armor Animal Health
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 CityVet
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 CVS Group PLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Elanco Animal Health Incorporated
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Ethos Veterinary Health LLC
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 FirstVet
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Greencross Vets
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Heska Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Idexx Laboratories Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Intervet Inc. (Merck & Co. Inc.)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 PetIQ LLC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.13 Pets at Home Group PLC
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Veterinary Service Market: Major Drivers and Challenges
Figure 2: Global: Veterinary Service Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Veterinary Service Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Veterinary Service Market: Breakup by Service (in %), 2021
Figure 5: Global: Veterinary Service Market: Breakup by Animal Type (in %), 2021
Figure 6: Global: Veterinary Service Market: Breakup by End Use (in %), 2021
Figure 7: Global: Veterinary Service Market: Breakup by Region (in %), 2021
Figure 8: Global: Veterinary Service (Surgery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Veterinary Service (Surgery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Veterinary Service (Diagnostic Tests and Imaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Veterinary Service (Diagnostic Tests and Imaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Veterinary Service (Physical Health Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Veterinary Service (Physical Health Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Veterinary Service (Other Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Veterinary Service (Other Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Veterinary Service (Companion Animal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Veterinary Service (Companion Animal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Veterinary Service (Farm Animal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Veterinary Service (Farm Animal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Veterinary Service (Veterinary Clinic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Veterinary Service (Veterinary Clinic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Veterinary Service (Veterinary Hospital) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Veterinary Service (Veterinary Hospital) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Veterinary Service Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Veterinary Service Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Veterinary Service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Veterinary Service Industry: SWOT Analysis
Figure 74: Global: Veterinary Service Industry: Value Chain Analysis
Figure 75: Global: Veterinary Service Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Veterinary Service Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Veterinary Service Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Veterinary Service Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 4: Global: Veterinary Service Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Veterinary Service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Veterinary Service Market: Competitive Structure
Table 7: Global: Veterinary Service Market: Key Players

Companies Mentioned

  • Addison Biological Laboratory Inc.
  • Armor Animal Health
  • CityVet
  • CVS Group PLC
  • Elanco Animal Health Incorporated
  • Ethos Veterinary Health LLC
  • FirstVet
  • Greencross Vets
  • Heska Corporation
  • Idexx Laboratories Inc.
  • Intervet Inc. (Merck & Co. Inc.)
  • PetIQ LLC
  • Pets at Home Group PLC.

Methodology

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