About Veterinary Care
Veterinary care is an integral part of an animal care and use program. The veterinarian's primary focus is on monitoring the welfare and clinical care of animals used in research, testing, teaching, and production. This responsibility extends to monitoring and promoting the welfare of the animals at all times during the animal's use and in all phases of the animal's life. Well-being is determined by taking into account physical, physiological, and behavioral indicators, which vary depending on the species. The number, types, and uses of animals housed in a facility can affect the complexity of the veterinary program. However, a veterinary program must be provided that provides high-quality care and ethical standards regardless of the number of animals or species kept. The veterinary care program is the responsibility of the attending veterinarian (AV) who has been certified or has been training or has experience in the laboratory of animal science and medicine or is otherwise qualified for the purpose of taking care of the species used. Some aspects of the veterinary program may be performed by someone other than a veterinarian. However, a mechanism for direct and frequent communication should be put in place so as to ensure that timely and accurate information is provided to the veterinarian that is responsible for the issues related to animal health, behavior, and well-being that is appropriate for the treatment or euthanasia that are hereby administered.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.59% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Veterinary Care market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zoetis (United States), Merck & Co. (United States), Boehringer Ingelheim (Germany)., Elanco (United States), Bayer Healthcare (Germany), Cargill Inc. (United States), Ceva (France), Phibro Animal Health Corporation (United States), Virbac SA (France), IDEXX Laboratories, Inc. (United States), Neogen Corporation (United States) and Heska Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Paws Vet Care Center (United States), Canberra Veterinary Hospital (Australia) and Noah's Animal Hospitals (United States).
Segmentation Overview
AMA Research has segmented the market of Global Veterinary Care market by Type (Therapeutics [Vaccines, Parasiticides, Anti-Infectives, Medical Feed Additives, Others] and Diagnostics [Immunodiagnostic Tests, Molecular Diagnostics, Diagnostic Imaging, Clinical Chemistry, Others]) and Region.
On the basis of geography, the market of Veterinary Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Medicalization Type, the sub-segment i.e. No Medicalization will boost the Veterinary Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Veterinary Hospitals will boost the Veterinary Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Animal Type, the sub-segment i.e. Dogs will boost the Veterinary Care market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness towards Animal Health, Increasing Penetration of Pet Insurance, Pet Humanization and Rising Trend in Animal Healthcare Expenditure
Market Growth Drivers:
An Increase in Demand for Animal Health Products, Rising Pet Ownership and Increasing Incidence of Zoonotic Diseases
Challenges:
Lack of Infrastructure and Funding and Use Of Counterfeit Medicines
Restraints:
Restrictions Imposed By Regulatory Bodies against the Excessive Use of Antibiotics in Animal's Production and Protest of Activists against the Animal Research and High Costs of Veterinary Services and Animal Testing
Opportunities:
Technological Advancements in Animal Healthcare Diagnostics and Government Authorities Collaborate With Veterinarians and Develop Schemes That Assure the Availability of Optimum Inventory at Fields for Treating the Farm Animals
Market Leaders and their expansionary development strategies
In September 2023, United Pet Care (UPC), a pet healthcare membership provider for top employers, selected BetterVet as their exclusive mobile veterinary partner. BetterVet was chosen by UPC based on its strong client network, unique capabilities, and in-home pet healthcare model, which differentiates itself as a leader in the space.
In December 2023, Chewy, Inc. announced the launch of its pet health practices under the brand name “Chewy Vet Care.” The first practice will open in South Florida early next year with additional locations launching throughout 2024, and offer services including routine appointments, urgent care and surgery. The practices will be powered by Chewy’s custom-built open platform that can seamlessly be applied to Chewy Vet Care or third-party partner practices.
Key Target Audience
Providers of Veterinary Care, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.