San Francisco, 12 November 2018 The global Veterinary Services Market size
is expected to reach USD 142.04 billion by 2025, according to a new report by
Grand View Research, Inc., experiencing a CAGR of 5.6% during the forecast
period. Rising concerns regarding food security and safety are encouraging
adoption of veterinary services worldwide. In addition, increasing pet adoption
is one of the primary growth stimulants for the market.
In addition, advent of risk-based
management systems, designed to analyze real-time fluctuations in food-borne
and zoonotic disease prevalence, is widening the scope for growth of veterinary
services market. Veterinary services play a critical role in risk aversion and
facilitates implementation of various guidelines issued by regulatory
authorities to maintain overall food safety. It also facilitates investigation
of animal disease outbreaks and implementation of remedial measures after
identification of an outbreak. The aforementioned factors are expected to help
the market gain tremendous momentum over the coming years.
Full Research Report On Veterinary
Services Market
Analysis:
www.grandviewresearch.com/industry-analysis/veterinary-services-market
www.grandviewresearch.com/industry-analysis/veterinary-services-market
Further key findings from the report suggest:
·
Production animal accounted for the largest
share in the market in 2017 owing to high adoption of facilities for livestock
to maintain biosecurity
·
Cattle was the leading revenue contributor
among production animals in 2017 owing to increasing penetration of services
such as hoof care and artificial insemination
·
The companion animals segment is projected
to expand at a lucrative rate during the forecast period owing to unprecedented
increase in their adoption for associated health benefits for humans such as
greater psychological stability, lower blood pressure, and reduced anxiety
attacks
·
North America dominated the global
veterinary services market in 2017 as a result of local presence of private
veterinarians that directly supply these services to consumers
·
Asia Pacific is anticipated to register an
exponential CAGR during the same period owing to strong clinical urgency to
curb high incidence of zoonotic diseases and management of sudden disease
outbreaks such as Ebola and swine influenza
·
The market is highly fragmented in nature
and the key participants adopt strategies such as regional expansion to gain
competitive advantage. For instance, in June 2018, Mars Petcare acquired
AniCura and Linnaeus to broaden its geographical presence in the U.K. and Sweden
respectively.
Browse
More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global veterinary services market
on the basis of animal type and region:
Veterinary Services Animal Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Production Animal
o
Cattle
o Artificial Insemination
o Hoof Care
o Diagnostic Services
o Others
o
Poultry
o Biosecurity
o Reproductive Consulting
o Diagnostic Services
o Others
o
Swine
o Biosecurity
o Reproductive Consulting
o Diagnostic Services
o Others
o
Others
·
Companion Animal
o
Dogs
o Dental Care
o Vaccinations
o Grooming
o Diagnostic Services
o Others
o
Cats
o Dental Care
o Vaccinations
o Grooming
o Diagnostic Services
o Others
o
Horses
o Hoof Care
o Dental Care
o Artificial Insemination
o Grooming
o Others
o
Others
Veterinary Services Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Spain
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-veterinary-services-market
www.grandviewresearch.com/press-release/global-veterinary-services-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
