What is Veterinary Hospital Market Scope?
A veterinary hospital is a facility that provides medical, surgical, and care services for animals which is equipped with specialized equipment and staffed by veterinarians, veterinary technicians, and support staff. It offers a wide range of services such as routine check-ups and vaccinations, diagnostic services such as X-rays, blood tests, ultrasounds, surgical procedures, preventive care, wellness programs, treatment of illnesses and injuries, etc. It specializes in oncology, cardiology, and dermatology, The growing number of households with pets significantly drives the demand for veterinary services several people seek pets for companionship and emotional support, leading to an increase in pet adoption and purchases. Growing awareness about animal welfare and the importance of adopting rather than buying pets from breeders has led to more people adopting pets from shelters and rescue organizations. The increasing number of households with pets directly correlates with higher demand for veterinary services for companionship, changing lifestyles, and increased awareness of the benefits of pet ownership, leading to an increasing veterinary industry in the forecasting period.
Influencing Trend:
Growing interest in holistic approaches, such as acupuncture and herbal medicine, is influencing veterinary practices and The use of electronic health records (EHRs), telehealth platforms, and mobile apps is transforming veterinary care
Market Growth Drivers:
Growing awareness about animal welfare and the importance of adopting rather than buying pets from breeders has led to more people adopting pets from shelters and rescue organizations and The shift towards a more sedentary and home-centred lifestyle, especially due to remote work trends, has led to more people seeking pets for company and entertainment at home.
Challenges:
A shortage of qualified veterinarians can limit the capacity of veterinary hospitals to meet growing demand
Restraints:
The cost of advanced veterinary treatments and services can be prohibitive for some pet owners
Opportunities:
The adoption of telemedicine provides opportunities for veterinary hospitals to reach more clients and offer remote consultations and Increasing adoption of pet insurance encourages more frequent visits to veterinary hospitals, as it reduces the financial burden on pet owners.
The Veterinary Hospital market study is being classified, by Application and major geographies with country level break-up.
There is a growing presence of established veterinary hospital chains offering comprehensive care based on high standards and extensive service offerings. These players dominate the market by providing reliable, high-quality, and accessible veterinary services that appeal to pet owners seeking the best care for their animals. With intense competition, rapid advancements in veterinary medicine, and a diverse range of providers catering to the evolving needs of pet owners, the market is expected to grow in the forecasted period. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Veterinary Hospital market throughout the predicted period.
CVS Group Plc (United Kingdom), Greencross Vets (Australia), Pets at Home Group PLC (United Kingdom), Blaine Central Veterinary Clinic (United States), Belltowne Veterinary Center (United States), Zoetis (United States), Ceva Santé Animale (France), Elanco (United States), Animal Care Group plc (United States) and Merck & Co. Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are All Pets Veterinary Hospital (United States), IDEXX Laboratories Inc. (United States), Vetoquinol India Animal Health Pvt Ltd (India), Vimian Group (Sweden), Antech Diagnostics (United States) and Others.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Veterinary Hospital market by Type, Application and Region.
On the basis of geography, the market of Veterinary Hospital 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).
Market Influencers and their Development Strategies
In May 2023, CVS Health completed the acquisition of Oak Street Health to broaden its value-based primary care platform and benefit its patients for long-term health by improving outcomes and reducing costs
In February 2024, Tata Trusts announced the launch of the premier small Animal Hospital in India spanning an impressive 98,000 square feet across five floors, this state-of-the-art facility sets a new standard for excellence in pet healthcare
Key Target Audience
Manufacturers, Suppliers and Sellers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others
Veterinary Hospital Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Veterinary Hospital Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Veterinary Hospital industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.