The study covers a detailed analysis segmented by key business segments i.e. , by application (Animal Hospitals & Veterinary Clinics, Pet Food & Product Sales and Laboratory Services) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Veterinary Services market throughout the predicted period.
What is Veterinary Services?
Veterinary Services is governmental and non-governmental organizations which implement animal health and welfare measures. The Veterinary Services are under the control and direction of the Veterinary Authority. Veterinary Services plays an important role in the prevention and management of contagious animal diseases and foodborne zoonotic hazards, even when animals do not present clinical signs. In many countries, in parallel with their primary position on the farm, Veterinary Services in form of private veterinarians have diversified their professional activities by taking up positions at various links in the production chain.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Veterinary Services market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- VCA Inc. (United States)
- Greencross Limited (Australia)
- Mars, Inc. (United States)
- CVS Group Plc (United Kingdom)
- Pets at Home Group PLC (United Kingdom)
- Banfield Pet Hospital (United States)
- National Veterinary Care Ltd (Australia)
- Abaxis (United States)
- Qiagen N.V. (Germany)
- Canberra Veterinary Hospital (Australia)
- Idexx Laboratories (United States)
Market Overview:
On May 15th, 2019- Jerusalem Venture Partners, a leading international venture capital fund, has announced a new partnership with Mars, Incorporated, on a first-of-its-kind research and development agreement in Israel aiming to pursue innovative tech solutions for global food, agriculture and nutrition challenges.
Market Trend
Growing Incidence of Various Animal Diseases and Increasing Penetration of Pet Insurance
Restraints
- Growing Cost Pressure of Veterinary Services
Opportunities
Growing Use of Wearable Technology to Monitor Pet Health and Implementation of Big Data in Veterinary Services
Key highlights of the Global Veterinary Services market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Veterinary Services market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Veterinary Services market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Veterinary Services Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Veterinary Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Veterinary Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Veterinary Service Providers, Suppliers of Pet Food, Research Organization and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.