14-Nov-2023

Global Veterinary Services Industry Soars to Unprecedented Heights, Predicted to Reach US$ 244.4 Billion by 2032 | FMI Analysis

In a ground-breaking revelation, Future Market Insights (FMI) unveils the extraordinary potential of the Global Veterinary Services Industry, estimating its value at an impressive US$102.3 billion in 2021. With an expected market growth rate of 8.4% from 2022 to 2032—significantly surpassing the average industry growth—FMI anticipates a remarkable surge in the market.

FMI’s comprehensive study foresees a compelling 2.4 times increase in revenue from veterinary services, projecting an astounding US$ 244.4 billion by the year 2032. This unprecedented growth is underlined by the latest insights and statistics sourced from leading pharmaceutical and healthcare device manufacturers globally.

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Over the past decade, the healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Veterinary Services Industry. It offers insights into strategies adopted by the key players and addresses the concerns that will challenge the growth of the Veterinary Services Industry. With our extensive research and information about the past, current, and future market scenario, the Veterinary Services Market report will help and identify the concerns, for a smooth sail of small & medium as well as large enterprises.

Critical Questions Answered in the Report

What are ongoing trends that will shape the market growth curve for the global Veterinary Services Market?
What are the drivers and challenges affecting the Veterinary Services Market demand?
What are the recent technological advancements in the Veterinary Services Market?
What are key trends and opportunities that will prevail in the revenue growth of Veterinary Services Market players?
How will evolving regulatory policies impact market growth?
What is the impact of Covid-19 on the Veterinary Services Market?

Veterinary Services Market: Segmentation

By Region

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Detailed analysis of the geographical region and country-wise insights are offered in the latest Veterinary Services Market report with established market players as well as incumbents in the region.

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Market Segments Covered In Veterinary Services Industry Analysis

By Animal Type:

Production Animal
- Cattle
- Poultry
- Swine
- Other Production Animals
Companion Animal
- Dogs
- Cats
- Horses
- Other Companion Animals

Comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.

Competitive Analysis

By Prominent Market Players

Mars Inc.
Greencross Ltd.
National Veterinary Care Ltd.
Pets at Home Group PLC
CVS Group PLC
Ethos Veterinary Health
Addison Biological Laboratory
Armor Animal Health
PetIQ, LLC

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Veterinary Services Industry

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Why Future Market Insights?

Comprehensive analysis of evolving purchase patterns across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Veterinary Services Market
Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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