With the emergence and long-term Impact of COVID-19, Global Veterinary Hospital Market to reach USD 124.34 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on the Global Veterinary Hospital Market is poised to rise up to USD 124.34 Billion by 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.
Geographically, the global Veterinary Hospital market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global Veterinary Hospital market is highly competitive owing to the presence of several key manufacturers such as CVS Group Plc, Greencross Vets, National Veterinary Associates, Inc. (NVA), Pets at Home Group PLC, Mars Incorporated, Animal Hospital, Inc. and others.
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Global Veterinary Hospital Market Size study & Forecast, by Animal Type (Companion Animals, Farm Animals), by Type (Surgery, Medicine, Consultation), by Sector (Public, Private), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Veterinary Hospital Market is anticipated to grow with a healthy growth rate of more than 5.80% over the forecast period 2023-2030.
- In the Sector segment, Private veterinary sector emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to a large number of established veterinary hospitals & clinics and increasing pet ownership & advances in veterinary medicine.
- Latin America is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Companion Animals
- Farm Animals
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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