The global Veterinary Services Industry, valued at US$102.3 billion in 2021, is set to experience remarkable growth, with an anticipated CAGR of 8.4% from 2022 to 2032, as revealed by a comprehensive study conducted by Future Market Insights (FMI).
This forecasted growth rate significantly outpaces the industry average, indicating a promising future for the veterinary services sector. The study projects a staggering 2.4-fold increase in revenue, reaching approximately US$ 244.4 billion by 2032.
The latest insights and statistics sourced from leading pharmaceutical and healthcare device manufacturers worldwide power FMI’s in-depth analysis. With access to market data on over 5,000 drugs spanning more than 100 countries, FMI empowers research on the current and forthcoming landscape of the Veterinary Services Market.
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Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.
The report offers extensive data sets validating key trends impacting growth in the Veterinary Services Industry. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Veterinary Services Industry. With our extensive research and information about the past, current, and future market scenario, the Veterinary Services Market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.
Critical Questions Answered in the Report
- What are ongoing trends that will shape the market growth curve for the global Veterinary Services Market?
- What are the drivers and challenges affecting the Veterinary Services Market demand?
- What are the recent technological advancements in the Veterinary Services Market?
- What are key trends and opportunities that will prevail in the revenue growth of Veterinary Services Market players?
- How will evolving regulatory policies impact market growth?
- What is the impact of Covid-19 on the Veterinary Services Market?
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Veterinary Services Market: Segmentation
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Detailed analysis of the geographical region and country-wise insights are offered in the latest Veterinary Services Market report with established market players as well as incumbents in the region.
Market Segments Covered In Veterinary Services Industry Analysis
By Animal Type:
- Production Animal
- Cattle
- Poultry
- Swine
- Other Production Animals
- Companion Animal
- Dogs
- Cats
- Horses
- Other Companion Animals
Comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.
Competitive Analysis
Prominent industry leaders, including Mars Inc., Greencross Ltd, National Veterinary Care Ltd, Pets at Home Group PLC, and CVS Group PLC, have made notable strides in the field of Veterinary Services.
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Here are some of their recent developments:
- In June 2021, the Seven Hills Veterinary Hospital implemented a meticulous system to monitor referrals for urgent treatment via dedicated emergency phone lines, unveiling a significant uptick in such cases.
- Back in April 2020, VetPartners Pty. Ltd. unveiled a momentous acquisition, purchasing National Veterinary Care Ltd. for a substantial sum of US$ 251.5 million.
- In December 2020, Mars’ Linnaeus division made waves by acquiring five specialized referral centers from Pets at Home in the United Kingdom, a transaction amounting to US$ 132.2 million.
By Prominent Market Players
- Mars Inc.
- Greencross Ltd.
- National Veterinary Care Ltd.
- Pets at Home Group PLC
- CVS Group PLC
- Ethos Veterinary Health
- Addison Biological Laboratory
- Armor Animal Health
- PetIQ, LLC
With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Veterinary Services Industry
Why Future Market Insights?
- Comprehensive analysis of evolving purchase patterns across different geographies
- Detailed insights of market segments and sub-segments for historical as well as forecast period
- A competitive analysis of prominent players and emerging players in the Veterinary Services Market
- Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
- Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Website: https://www.futuremarketinsights.com
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