Dublin, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The "Animal Hospitals And Veterinary Clinics Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global animal hospitals and veterinary clinics market will grow from $107.76 billion in 2021 to $117.13 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The animal hospitals and veterinary clinics market is expected to grow to $157.02 billion in 2026 at a CAGR of 7.6%.
North America was the largest region in the animal hospitals and veterinary clinics market in 2022. Asia Pacific was the second-largest region in the animal hospitals and veterinary clinics market. The regions covered in the animal hospitals and veterinary clinics 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 clinic 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 veterinary professionals is harming the growth of the animal hospital and veterinary clinic 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.
The animal hospital and veterinary clinic market is regulated by authorities such as the Australian Pesticides and Veterinary Medicines Authority (APVMA). In Australia, Section 24A of the Veterinary Surgeons Act 1960, prescribes that premises that will be or are used as a veterinary clinic or veterinary hospital (veterinary premises) must be registered by the Veterinary Surgeons' Board (Board). The Board only registers veterinary premises when it is satisfied that the premises are suitable for the purpose for which they are proposed to be used and the veterinary premises are under the management of a veterinary surgeon.
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Scope
Markets Covered:
1) By Type: Consultation; Surgery; Medicine; Other Types
2) By Animal Type: Farm Animals; Companion Animals
3) By End User: Animal Care; Animal Rescue; Other End Users
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $117.13 billion |
| Forecasted Market Value (USD) by 2026 | $157.02 billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Animal Hospitals And Veterinary Clinics Market Characteristics
3. Animal Hospitals And Veterinary Clinics Market Trends And Strategies
4. Animal Hospitals And Veterinary Clinics Market - Macro Economic Scenario
5. Animal Hospitals And Veterinary Clinics Market Size And Growth
6. Animal Hospitals And Veterinary Clinics Market Segmentation
7. Animal Hospitals And Veterinary Clinics Market Regional And Country Analysis
8. Asia-Pacific Animal Hospitals And Veterinary Clinics Market
9. China Animal Hospitals And Veterinary Clinics Market
10. India Animal Hospitals And Veterinary Clinics Market
11. Japan Animal Hospitals And Veterinary Clinics Market
12. Australia Animal Hospitals And Veterinary Clinics Market
13. Indonesia Animal Hospitals And Veterinary Clinics Market
14. South Korea Animal Hospitals And Veterinary Clinics Market
15. Western Europe Animal Hospitals And Veterinary Clinics Market
16. UK Animal Hospitals And Veterinary Clinics Market
17. Germany Animal Hospitals And Veterinary Clinics Market
18. France Animal Hospitals And Veterinary Clinics Market
19. Eastern Europe Animal Hospitals And Veterinary Clinics Market
20. Russia Animal Hospitals And Veterinary Clinics Market
21. North America Animal Hospitals And Veterinary Clinics Market
22. USA Animal Hospitals And Veterinary Clinics Market
23. South America Animal Hospitals And Veterinary Clinics Market
24. Brazil Animal Hospitals And Veterinary Clinics Market
25. Middle East Animal Hospitals And Veterinary Clinics Market
26. Africa Animal Hospitals And Veterinary Clinics Market
27. Animal Hospitals And Veterinary Clinics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Animal Hospitals And Veterinary Clinics Market
29. Animal Hospitals And Veterinary Clinics Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/dl66y6-hospitals?w=12
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