The
global veterinary services market size is expected to
reach USD 142.04 billion by 2025, according to a new report by Grand View
Research, Inc., experiencing a CAGR of 5.6% during the forecast period. Rising
concerns regarding food security and safety are encouraging adoption of
veterinary services worldwide. In addition, increasing pet adoption is one of
the primary growth stimulants for the market.
In
addition, advent of risk-based management systems, designed to analyze
real-time fluctuations in food-borne and zoonotic disease prevalence, is
widening the scope for growth of veterinary services market. Veterinary
services play a critical role in risk aversion and facilitates implementation
of various guidelines issued by regulatory authorities to maintain overall food
safety. It also facilitates investigation of animal disease outbreaks and
implementation of remedial measures after identification of an outbreak. The
aforementioned factors are expected to help the market gain tremendous momentum
over the coming years.
Browse full research report on Veterinary
Services Market:
https://www.grandviewresearch.com/industry-analysis/veterinary-services-market
Further key
findings from the report suggest:
- Production animal
accounted for the largest share in the market in 2017 owing to high
adoption of facilities for livestock to maintain biosecurity
- Cattle was the
leading revenue contributor among production animals in 2017 owing to
increasing penetration of services such as hoof care and artificial
insemination
- The companion
animals segment is projected to expand at a lucrative rate during the
forecast period owing to unprecedented increase in their adoption for
associated health benefits for humans such as greater psychological
stability, lower blood pressure, and reduced anxiety attacks
- North America
dominated the global veterinary services market in 2017 as a result of
local presence of private veterinarians that directly supply these
services to consumers
- Asia Pacific is
anticipated to register an exponential CAGR during the same period owing
to strong clinical urgency to curb high incidence of zoonotic diseases and
management of sudden disease outbreaks such as Ebola and swine influenza
- The market is highly
fragmented in nature and the key participants adopt strategies such as
regional expansion to gain competitive advantage. For instance, in June
2018, Mars Petcare acquired AniCura and Linnaeus to broaden its
geographical presence in the U.K. and Sweden respectively.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/veterinary-services-market/request/rs1
Grand
View Research has segmented the global veterinary services market on the basis
of animal type and region:
Veterinary
Services Animal Type Outlook (Revenue, USD Million, 2014 - 2025)
- Production Animal
- Cattle
- Artificial
Insemination
- Hoof Care
- Diagnostic
Services
- Others
- Poultry
- Biosecurity
- Reproductive
Consulting
- Diagnostic
Services
- Others
- Swine
- Biosecurity
- Reproductive
Consulting
- Diagnostic
Services
- Others
- Others
- Companion Animal
- Dogs
- Dental Care
- Vaccinations
- Grooming
- Diagnostic
Services
- Others
- Cats
- Dental Care
- Vaccinations
- Grooming
- Diagnostic
Services
- Others
- Horses
- Hoof Care
- Dental Care
- Artificial
Insemination
- Grooming
- Others
- Others
Veterinary
Services Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East &
Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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