Global Veterinary Hospital Market is valued at approximately USD 79.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.80% over the forecast period 2023-2030. The Veterinary Hospital market refers to the industry comprising medical facilities specifically dedicated to the diagnosis, treatment, and care of animals, including pets, livestock, and wildlife. These hospitals cater to the health and well-being of companion animals, livestock, and other animals requiring veterinary care. The Veterinary Hospital Market is being driven by factors such as the consolidation of Animal Hospitals and Growing Animal Population & Adoption.
The veterinary hospital is a medical facility specifically designed to provide healthcare services for animals. According to Canadian Veterinary Medical Association In 2022, Canada had around 15,322 veterinarians, with approximately 3,825 actively engaged in clinical practice.
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Canadian Veterinary Medical Association. According to The World Animal Foundation, in 2022, domesticated pets were found in approximately 70% of households with pets, totaling around 90.5 million. Dogs accounted for approximately 69 million, while cats were even more prevalent with over 45.3 million, indicating widespread ownership of these animals. In addition, rising awareness about animal health and an increasing number of pet insurance may create lucrative opportunities for the market. However, the Shortage Of board-certified veterinarians may hinder the growth of the market over the forecast year 2023-2030.
The key regions considered for the Global Veterinary Hospital Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to a large number of established veterinary hospitals & clinics and increasing pet ownership & advances in veterinary medicine. Latin America is considered the fastest growing region during the forecasted period due to the growing animal population and demand for better veterinary solutions & rising animal services expenditure in the region.
Major market player included in this report are:
CVS Group Plc
Greencross Vets
National Veterinary Associates, Inc. (NVA)
Pets at Home Group PLC
Mars Incorporated
Animal Hospital, Inc.
All Pets Veterinary Hospital
Innovative Petcare
Blaine Central Veterinary Clinic
Belltowne Veterinary Center
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Recent Developments in the Market:
On March 2021, The CVS Group recently acquired Market Hall Vets, a first opinion practice operating across three locations in Carmarthenshire, southwest Wales. CVS’s acquisition strategy continued with dedication to organic growth by strategically acquiring practices that complement and enhance its existing offerings.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Animal Type:
Companion Animals
Farm Animals
By Type:
Surgery
Medicine
Consultation
By Sector:
Public
Private
By Region:
North America
U.S.
Canada
Europe
UK
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Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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