Animal Hospitals and Veterinary Clinics Global Market Report 2022: A $150+ Billion Market by 2026 - Long-term Forecast to 2031 - ResearchAndMarkets.com

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The global animal hospitals and veterinary clinics market is expected to grow from $95.94 billion in 2021 to $106.32 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The market is expected to grow to $151.26 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%.

Major players in the animal hospitals and veterinary clinics market are VCA Inc., Banfield Pet Hospital, Greencross Ltd., CVS Group Plc, Mars, Inc., National Veterinary Care Ltd., Pets at Home Group Plc, Ethos Veterinary Health, Animart LLC, and The Bargh Memorial Animal Hospital ASPCA.

The animal hospitals and veterinary clinics market consists of sales of animal hospitals and veterinary clinics services such as consultation, surgery, medicine, and other food items for animals. Veterinary clinics are those premises at which veterinary surgery is practiced, but at which animals are not retained overnight.

In veterinary hospitals, veterinary surgery is practiced and animals receive treatment, nursing care, and other services. Services in veterinary hospitals include reception, treatment, and care of animals suffering from disease or injury or in need of surgical or medical treatment or assistance.

The main types of animal hospitals and veterinary clinics services are consultation, surgery, medicine, and other types. The surgery is performed by veterinary doctors to fix any medical issues for animals. The type of animals that avail of these services includes farm animals and companion animals that are used in animal care, animal rescue, and other end users.

North America was the largest region in the animal hospitals and veterinary clinics market in 2021. Asia Pacific was the second-largest region in the animal hospitals and veterinary clinics market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The rise in the adoption of companion pets globally is driving the animal hospitals and veterinary clinics market. The key factor behind this rise in adoption is the increasing humanization of pets, as an increasing number of pet owners are accepting pets as family members. According to the American veterinary medical association report, there was a correlation between the degree of human/animal bond and pet spending.

According to the American Society for the prevention of cruelty to animals (ASPCA), In the USA, approximately 3.2 million shelter animals are adopted each year. Also, according to a study, Americans spent about $17 billion on veterinary care in hospitals, clinics, and food. Similarly, Chinese pet owners spent more than 5,000 yuan per pet. With this growth, the animal hospital and veterinary clinics market is expected to grow in the forecast period.

Veterinary healthcare access is relatively poor in most developing countries and some developed nations. Globally, the disease burden is significantly high in low and middle-income countries. For instance, India reported approximately 63,000 veterinarians while the country required more than 150,000 veterinarians. Thus, the shortage of skilled veterinarian professionals is harming the growth of the animal hospital and veterinary clinics market.

Many veterinary care service providers are adopting big data technologies to provide better treatment for pets, livestock, and animals. This technology is used to diagnose and assess potential diseases. Big data enables veterinarians to identify the diseases affecting cattle and pets in various locations and regions.

For instance, Bayer Healthcare Animal introduced applications to assess potential signs of diseases in animals, thus enabling faster diagnosis and treatment of disease conditions. Some of the major veterinary care providers opting for big data analytics to treat pet health issues are VCA Inc., Banfield Pet Hospitals, and Greencross Limited.

Key Topics Covered:

1. Executive Summary

2. Animal Hospitals And Veterinary Clinics Market Charactertics

3. Animal Hospitals And Veterinary Clinics Market Trends And Strategies

4. Impact Of COVID-19 On Animal Hospitals And Veterinary Clinics

5. Animal Hospitals And Veterinary Clinics Market Size And Growth

5.1. Global Animal Hospitals And Veterinary Clinics Historic Market, 2016-2021, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Animal Hospitals And Veterinary Clinics Forecast Market, 2021-2026F, 2031F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Animal Hospitals And Veterinary Clinics Market Segmentation

6.1. Global Animal Hospitals And Veterinary Clinics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Consultation
  • Surgery
  • Medicine
  • Other Types

6.2. Global Animal Hospitals And Veterinary Clinics Market, Segmentation By Animal Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Farm Animals
  • Companion Animals

6.3. Global Animal Hospitals And Veterinary Clinics Market, Segmentation End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Animal Care
  • Animal Rescue
  • Other End Users

7. Animal Hospitals And Veterinary Clinics Market Regional And Country Analysis

7.1. Global Animal Hospitals And Veterinary Clinics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7.2. Global Animal Hospitals And Veterinary Clinics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Companies Mentioned

  • VCA Inc.
  • Banfield Pet Hospital
  • Greencross Ltd.
  • CVS Group Plc.
  • Mars Inc.
  • National Veterinary Care Ltd.
  • Pets at Home Group Plc.
  • Ethos Veterinary Health
  • Animart LLC
  • The Bargh Memorial Animal Hospital ASPCA
  • The Animal Medical Center
  • Veterinary Management Groups (VMG)
  • Veterinary Practice Partners
  • PetWell Partners
  • Southern Veterinary Partners
  • Addison Biological Laboratory Inc.
  • Idexx laboratories
  • Patterson Companies Inc.
  • Vetronic Services Ltd.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900