Global Veterinary Clinics Services Market Research Report 2023

Global Veterinary Clinics Services Market Synopsis

Veterinary Clinics Services Market Size Was Valued at USD 102 Billion in 2022 and is Projected to Reach USD 188.79 Billion by 2030, Growing at a CAGR of 8 % From 2023-2030.

Veterinary Clinical Services means the examination, diagnosis, and treatment of animal patients, administration of vaccines, diagnostic, imaging, surgery, laboratory, pharmacology, and provision of hospitalization and emergency treatment. The Veterinary Clinics Services provides services like animal diagnosis, care, and medication. They focus on animal rearing, husbandry, breeding, research on nutrition, and product development in addition to treating wounds, illnesses, and disorders

• Veterinary clinics provide a range of services to cater to the health and medical needs of animals. Regular check-ups are essential for maintaining an animal's overall health. Veterinarians perform comprehensive examinations to assess the animal's vital signs and body condition, and identify any potential health issues.
• Veterinary clinics administer vaccinations to protect animals from infectious diseases. Vaccination schedules may vary depending on the species, age, and lifestyle of the animal. They offer services to prevent and treat parasites such as fleas, ticks, worms, and mites. This includes prescribing appropriate medications and providing guidance on prevention strategies.
• Veterinary clinics employ various diagnostic tools and techniques to identify and diagnose illnesses or injuries in animals. These may include blood tests, urine analysis, imaging (X-rays, ultrasounds), cytology, and microbiology.
• Veterinarians provide medical care for a wide range of internal health issues in animals, including gastrointestinal disorders, respiratory conditions, endocrine disorders, urinary tract problems, and immune system disorders.

Top Key Players Involved Are:

"VCA Animal Hospitals (US), Banfield Pet Hospital (US), Greencross Vets (Australia), National Veterinary Associates (US), BluePearl Veterinary Partners (US), VetPartners (UK), CVS Group (UK), AniCura (Sweden), Independent Vetcare (UK), Medivet (UK), VetCor (US), Mars Veterinary Health (US), Idexx Laboratories (US), Zoetis (US), Antech Diagnostics (US), Patterson Veterinary (US), Covetrus (US), Dechra Pharmaceuticals (UK), Henry Schein Animal Health (US), Veterinary Practice Partners (US), And Other Major Players"

Veterinary Clinics Services Market Trend Analysis

Increasing Need Of Clients For VET Service

• The needs of clients, which in this case are the animal owners or caretakers, are the driving force behind the services provided by veterinary clinics. Veterinary clinics exist to fulfill the specific needs and requirements of their clients and their animals. The services offered by veterinary clinics are tailored to meet the various needs of the clients and their pets or animals.
• Clients often seek veterinary services for routine check-ups, vaccinations, and preventive measures to keep their animals healthy and prevent diseases. When an animal becomes sick or injured, clients require veterinary services to diagnose and treat the illness or injury effectively. This may include diagnostic tests, medications, surgical procedures, and ongoing care.
• In critical situations or emergencies, clients rely on veterinary clinics to provide immediate and life-saving care for their animals. Clients may seek veterinary dental services to ensure proper oral hygiene and address dental issues in their animals.
• Some animals require specialized care due to specific health conditions. Veterinary clinics may offer specialized services to address these unique needs, such as ophthalmology, dermatology, or cardiology.

Increasing Pet Animal Ownership by People

• As more people become pet owners, the demand for veterinary services naturally increases. This includes routine check-ups, vaccinations, preventive care, and medical treatments for pets. Veterinary clinics can benefit from this growing demand by expanding their services and catering to the needs of a larger client base.
• With more pet owners seeking veterinary care, clinics can expand their service offerings to meet the diverse needs of different pets. This may include specialized services such as pet grooming, dental care, behavior counseling, nutritional consultations, and even alternative therapies like acupuncture or chiropractic care. By diversifying their services, clinics can attract more pet owners and increase their revenue streams.
• Pets require ongoing healthcare throughout their lives, including regular wellness visits and preventive treatments. This creates a long-term relationship between pet owners and veterinary clinics. By establishing strong relationships and providing excellent care, clinics can benefit from repeat business, loyalty, and positive word-of-mouth referrals from satisfied pet owners.
• As the demand for veterinary services grows, clinics have the opportunity to invest in advanced medical technology and equipment. This allows for more accurate diagnoses, improved treatment options, and enhanced patient care. Utilizing state-of-the-art technology can set a veterinary clinic apart from competitors and attract pet owners who prioritize high-quality care for their pets.
• The increasing demand for veterinary services can lead to collaborative opportunities and partnerships with other pet-related businesses.

                                                                                                                                                                                                   Source: Statista

• The Above Mentioned Graph Denotes The Number Of Veterinary Institutions Across The India And The Veterinary Aid Centers Are Highest In Number Followed By Veterinary Dispensaries And Veterinary Hospitals.

Segmentation Analysis Of Veterinary Clinics Services Market

The Veterinary Clinics Services market segment covers the Service Type, Animal Type, and Delivery Channel. In Animal Type, Companion Animal segment is Anticipated to Dominate the Market Over the Forecast period.

• Companion animals, such as dogs and cats, are considered dominant in the animal type. Companion animals have a long history of domestication and close association with humans. They have been bred and selected over generations for traits that make them more compatible and responsive to human companionship. Their ability to form strong emotional bonds with humans and their social nature make them popular choices for companionship.
• Companion animals hold cultural significance in many societies. They are often regarded as family members and valued for their companionship, loyalty, and emotional support. Their presence in homes provides comfort, entertainment, and a sense of security.
• Dogs and cats, as common companion animals, are readily available and accessible in most regions. They are widely bred, and there are numerous breeds and mixed-breed options to choose from. Their popularity and availability contribute to their dominance as companion animals.
• Dogs and cats are adaptable to different living environments, including urban settings. They can be kept in apartments or smaller living spaces, which makes them suitable for urban dwellers. Their size, exercise requirements, and ability to be trained and housebroken contribute to their popularity as companion animals in urban areas.

Regional Analysis Of Veterinary Clinics Services Market

Asia Pacific Is Expected To Dominate the Market over the Forecast Period

• Asia Pacific has a large population, and with that comes a significant number of pet owners. As the region experiences economic growth and rising disposable incomes, more people are able to afford pets and are willing to invest in their healthcare. The sheer size of the pet-owning population in Asia Pacific contributes to the dominance of veterinary services in the region.
• Pets, particularly dogs and cats, hold cultural significance in many countries across Asia Pacific. They are often considered companions, family members, and symbols of status. The deep-rooted cultural attachment to pets leads to a higher demand for veterinary services, as pet owners are willing to invest in their well-being and healthcare.
• Asia Pacific has witnessed significant growth in its middle class over the past few decades. This expanding middle class has led to increased pet ownership and a greater ability to afford veterinary care. As more households move into the middle-income bracket, the demand for veterinary services naturally increases.
• Many governments in the Asia Pacific region recognize the importance of animal health and welfare. They have implemented regulations and policies to ensure the provision of veterinary services and promote responsible pet ownership. Government support, including investments in veterinary infrastructure and training programs, contributes to the growth and dominance of veterinary services in the region.

Covid 19 Impact Analysis On Veterinary Clinics Services Market

• Increased Demand for Pet Adoption: During the pandemic, there was a surge in pet adoptions as people sought companionship and emotional support. This led to a higher demand for veterinary services, including vaccinations, spaying/neutering, and general healthcare for newly adopted pets.
• Changes in Operating Procedures: Veterinary clinics implemented new operating procedures to comply with social distancing and safety guidelines. This included limiting the number of clients allowed inside the clinic, implementing curbside or contactless services, and scheduling appointments to minimize crowding. These changes aimed to protect the health of both pet owners and veterinary staff.
• Delayed or Postponed Non-Essential Procedures: In some cases, veterinary clinics had to delay or postpone non-essential procedures such as elective surgeries or routine dental cleanings to prioritize urgent cases and minimize potential exposure to the virus. This affected the scheduling and availability of certain services.
• Telemedicine and Remote Consultations: To adapt to the pandemic situation, many veterinary clinics adopted telemedicine and remote consultation services. Veterinarians provided virtual appointments to assess and diagnose certain conditions, provide advice, and prescribe medications when appropriate. Telemedicine helped minimize in-person contact and allowed for continued care during lockdowns and restrictions.
• Financial Challenges: The pandemic resulted in economic hardships for many individuals and families, impacting their ability to afford veterinary services.

Top Key Players Covered in The Veterinary Clinics Services Market

• VCA Animal Hospitals (US)
• Banfield Pet Hospital (US)
• Greencross Vets (Australia)
• National Veterinary Associates (US)
• BluePearl Veterinary Partners (US)
• VetPartners (UK)
• CVS Group (UK)
• AniCura (Sweden)
• Independent Vetcare (UK)
• Medivet (UK)
• VetCor (US)
• Mars Veterinary Health (US)
• Idexx Laboratories (US)
• Zoetis (US)
• Antech Diagnostics (US)
• Patterson Veterinary (US)
• Covetrus (US)
• Dechra Pharmaceuticals (UK)
• Henry Schein Animal Health (US)
• Veterinary Practice Partners (US), and Other Major Players

Key Industry Development In The Veterinary Clinics Services Market

In Feb 2023, Zoetis is excited to announce its partnership with Select Sires Inc. to help cattle producers gain more from data. The partnership provides a grid marketing service,

In May 2022, Banfield Pet Hospital® – the leading provider of preventive veterinary care in the U.S. – is marking National Pet Month by celebrating reaching 150 million pet visits