The latest market report on Animal Hospitals And Veterinary Clinics Market 2019 offers an in-depth analysis of this business vertical involving key information concerning industry deliverables, predominantly market tendencies, market size, market share, present valuation, and profits estimations for the estimated period. The brief information regarding the industry also analyzes and elucidates the Animal Hospitals And Veterinary Clinics Market growth rate in the forecast timeline, incited by certain catalysts.
The global Animal Hospitals And Veterinary Clinics Market was valued at about $67.3 billion in 2018 and is expected to grow to $105.22 billion at a CAGR of 11.8% through 2022.
Animal Hospitals And Veterinary Clinics Market: Overview
The rise in adoption of companion pets globally is driving the animal hospitals and veterinary clinics market. The key factor behind this rise in adoption is increasing humanization of pets, as an increasing number of pet owners are accepting pets as family members. According to American Veterinary Medical Association report, there was a correlation between the degree of human/animal bond and pet spending. According to 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 in 2018, Americans spent about $17 billion on veterinary care in hospital, clinics and food. Similarly, Chinese pet owners spent more than 5,000 yuan per pet in 2018, an increase of 15% from 2017. With this growth, the animal hospital and veterinary clinics market is expected to grow in the forecast period.
Veterinary healthcare access is relatively poor in most developing countries and some developed nations. Globally, the disease burden is significantly high in low and middle income countries. For instance, in 2014, India reported approximately 63,000 veterinarians while the country required more than 150,000 veterinarians . Thus, shortage of skilled veterinarian professionals is having a negative impact on the growth of the animal hospital and veterinary clinics market.
Major players in the Animal Hospitals And Veterinary Clinics Market are VCA Inc., Banfield Pet Hospital, Greencross Ltd., CVS Group Plc, Mars, Inc., and other.
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For comprehensive understanding of market dynamics, the global Animal Hospitals And Veterinary Clinics Market is analyzed across key geographies namely: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Animal Hospitals And Veterinary Clinics market, and compares it with other markets.
– The market characteristics section of the report defines and explains the market.
– The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
– Market segmentations break down market into sub markets.
– The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
– Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
– The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
– The Animal Hospitals And Veterinary Clinics market section of the report gives context. It compares the Animal Hospitals And Veterinary Clinics market with other segments of the Animal Hospitals And Veterinary Clinics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, Animal Hospitals And Veterinary Clinics indicators comparison.
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