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

DUBLIN–(BUSINESS WIRE)–The report “Global Animal Veterinary Hospitals and Clinics Market Report 2022” has been added to from ResearchAndMarkets.com offer.

The global animal hospital and veterinary clinic 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 reach $151.26 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%.

Major Players in Animal Hospital and Veterinary Clinic 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 hospital and veterinary clinic market includes the sales of animal hospital and veterinary clinic services such as consultation, surgery, medicine and other animal food products. Veterinary clinics are premises where veterinary surgery is performed, but where animals are not kept overnight.

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

The main types of animal hospitals and veterinary clinic services are consultation, surgery, medicine and other types. The surgery is performed by veterinary doctors to solve the medical problems of animals. The type of animals that benefit from these services include farm animals and pets that are used for 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. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising adoption of pets globally is driving the market for animal hospitals and veterinary clinics. The key factor in this increase in adoption is the growing humanization of pets, as more and more pet owners accept pets as family members. According to the American Veterinary Medical Association report, there was a correlation between the degree of human/animal bonding and spending on pets.

According to the American Society for the Prevention of Cruelty to Animals (ASPCA), in the United States, approximately 3.2 million shelter animals are adopted each year. Additionally, according to one 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 over the forecast period.

Access to veterinary care is relatively low in most developing countries and in some developed countries. Globally, the burden of disease is dramatically high in low- and middle-income countries. For example, India reported around 63,000 vets while the country needed over 150,000 vets. Thus, the shortage of qualified veterinary professionals is hindering the growth of the veterinary 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 allows veterinarians to identify diseases affecting cattle and pets in various locations and regions.

For example, Bayer Healthcare Animal has introduced apps to assess potential signs of disease in animals, enabling faster diagnosis and treatment of disease. Some of the leading veterinary care providers opting for big data analytics to address pet health issues are VCA Inc., Banfield Pet Hospitals, and Greencross Limited.

Main topics covered:

1. Summary

2. Characteristics of Animal Hospitals and Veterinary Clinics Market

3. Animal Hospital and Veterinary Clinic Market Trends and Strategies

4. Impact of COVID-19 on Veterinary Hospitals and Veterinary Clinics

5. Animal Hospital and Veterinary Clinic Market Size and Growth

5.1. Global historical market for animal hospitals and veterinary clinics, 2016-2021, in billions of dollars

5.1.1. Market Drivers

5.1.2. Market Constraints

5.2. Global Animal Hospital and Veterinary Clinic Forecast Market, 2021-2026F, 2031F, USD Billion

5.2.1. Market Drivers

5.2.2. Market Constraints

6. Animal Hospital and Veterinary Clinic Market Segmentation

6.1. Global Animal Hospitals and Veterinary Clinics Market, Segmentation by Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD

  • Consultation

  • Operation

  • Medicine

  • Other types

6.2. Global Animal Hospitals and Veterinary Clinics Market, Segmentation by Animal Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Farm animals

  • Pets

6.3. Global Animal Hospital and Veterinary Clinic Market, Segmentation End-User, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD

  • Animal care

  • animal rescue

  • Other end users

7. Regional and country-level analysis of the Animal Hospitals and Veterinary Clinics Market

7.1. Global Animal Hospital and Veterinary Clinic Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

7.2. Global Animal Hospital and Veterinary Clinic Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

Companies cited

  • VCA inc.

  • Banfield Animal Hospital

  • Greencross Ltd.

  • CVS Group Plc.

  • Mars Inc.

  • National Veterinary Care Ltd.

  • Pets at Home Group Plc.

  • Veterinary Health Ethos

  • Animart LLC

  • 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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