The Veterinary Services Market Global Briefing provides strategists, marketers and senior management with the critical information they need to assess the veterinary services market.
The global veterinary services market is expected to reach around $200 billion in 2020. One of the key factors which is expected to drive the veterinary services industry during the period 2016-2020 include wildlife conservation. There are international wildlife conservation agencies which invest in countries and agencies that lack resources for conservation of fauna. The funds are being used to conserve wildlife in underdeveloped nations which lack both money and skilled professional to protect wildlife. For example, the World Wildlife Fund (WWF) spent 85% of its revenues on wild life conservation in 2015, and a significant amount was spent on veterinary services.
The Americas was the largest region in the veterinary services market in 2016, accounting for around 45% market share. Europe was the second largest region accounting for around 33% market share. Asia was the third largest region accounting for around 18% market share.
The latest trend observed in the veterinary services market is 'Insurance Services Aiding Pet Owners'. The pet insurance industry is offering new product lines for veterinary services in developed markets. The insurance cover helps pet owners to explore a range of treatment options available ensuring better healthcare of animals.
For example, Healthy Paws pet insurance offers insurance for pet illness, accidents, hereditary and congenital conditions, chronic conditions and alternative care.
- Medical Management International Inc
- Greencross Limited
- CVS Group (UK)
- The Bergh Memorial Animal Hospital
- National Veterinary Associates
- The Animal Medical Center
For more information about this report visit https://www.researchandmarkets.com/research/r43fkg/veterinary