Veterinary Services Market To Reflect Tremendous Growth Potential With A CAGR Of 5.6% By 2025: Grand View Research Inc.

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Veterinary Services Market To Reflect Tremendous Growth Potential With A CAGR Of 5.6% By 2025: Grand View Research Inc.

January 13
12:10 2021
Veterinary Services Market To Reflect Tremendous Growth Potential With A CAGR Of 5.6% By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a recent report published by Grand View Research Inc., increasing pet adoption and concerns regarding their safety & food security is likely to accelerate market expansion. Initiatives undertaken by organizations to promote telemedicine in Covid-19 times is also supporting growth.

The global veterinary services market size is expected to reach USD 142.04 billion in 2025, registering a CAGR of 5.6%, as per a new report by Grand View Research Inc. Concerns regarding pet security and well-being have encouraged the adoption of effective veterinary services worldwide. This has also fueled the pet adoption rate and is one of the primary growth stimulants for market growth.

Technological advancements have enabled the development of risk-based management systems that are designed to examine real-time fluctuations in zoonotic and food-borne disease prevalence. This has widened the growth scope of the veterinary services market. Since veterinary services play a very crucial role in risk aversion various guidelines have been rolled-out by regulatory authorities to preserve overall food safety. This has helped in controlling animal disease outbreaks and has facilitated the implementation of remedial measures.

According to the recent article published by the Organization for Animal Health (OIE), animal food demand is growing rapidly globally and this consists of the demand for meat, chew treats, etc., which is anticipated to reach 445 million tonnes by 2050. Organizations such as OIE is focused on maintaining animal well-being and food safety by consistently distributing guidelines to eradicate potential biological hazards associated with pre-slaughter, pre-processing, checks on-farm, and processing stages.

North America veterinary services market size, by animal type, 2014 - 2025 (USD Billion)

Veterinary Services Market Report Highlights 

  1. The American Veterinary Medical Association(AVMA) is consistently working in association with federal agencies, such as the FDA, CDC, and USDA; other national, state, and international public health and veterinary expert assemblies; intergovernmental organizations such as OIE and the WHO; lawmakers, and others to combat the Covid-19 outbreak

  2. Government measures passed to control the spread of coronavirus among animals has found practical resources and provide patient care including clinical signage, telemedicine guidance, medical supply chains enhancements, CE, PPE, and more

  3. Surging demand for precise monitoring of the pathogenesis and epidemiology of diseases in pets is prompting organizations like the European Scientific Counsel Companion Animal Parasites and the Companion Animal Parasite Council is driving the growth of the production animal type segment

  4. In 2017, cattle led the market and was the key revenue contributor within the production animals segment. This is ascribed to the increasing penetration of services including artificial insemination and hoof care 

  5. North America accounted for the highest revenue share in 2017, on account of the increased focus on improving the existing veterinary services and the introduction of animal education programs. The World Veterinary Association (WVA) and OIE have jointly drawn attention to the responsibilities of the veterinary profession toward public health in the region

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Veterinary Services Market Segmentation

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

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

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Browse Related Reports @

Veterinary Medicine Market – https://www.grandviewresearch.com/industry-analysis/veterinary-medicine-market

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About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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