During the course of the forecast period, increased pet health awareness and need for efficient medical care are anticipated to propel market expansion for veterinary services globally. For instance, the Federation of Indian Animal Protection Organization (FIAPO) has collaborated with numerous local activists and animal rights organisations to promote animal welfare in India. Also, the federation has been advocating for a variety of animal welfare concerns through lobbying and awareness campaigns. Rising animal diseases and zoonotic diseases are anticipated to fuel market growth for veterinary services globally over the next years.
The global Veterinary Services Market was valued at US$ 92,238.4 Mn in 2020 and is forecast to reach a value of US$ 157,399.8 Mn by 2028 at a CAGR of 6.9% between 2021 and 2028.
Key Companies in the Veterinary Services Industry:
1. CVS Group PLC
CVS Group plc, together with its subsidiaries, engages in veterinary, pet crematoria, online pharmacy, and retail businesses. CVS Group plc was founded in 1999 and is headquartered in Diss, the United Kingdom.
2. Idexx Laboratories Inc.
IDEXX Laboratories, Inc. develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide. IDEXX Laboratories, Inc. was incorporated in 1983 and is headquartered in Westbrook, Maine.
3. Mars Inc.
Since 1880, Mars has evolved to create products and services that people (and their pets) love. Our storied history began in a kitchen when two men discovered their passion for food and created beloved confections that stood the test of time. The company has headquarters situated in McLean, Virginia.
4. Pets at Home Group PLC
Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. Pets at Home Group Plc was founded in 1991 and is based in Handforth, the United Kingdom.
5. Armor Animal Health (Animart)
Founded in 1982, Armor Animal Health offers unmatched solutions by bringing together a legacy of proved products and services, along with connecting veterinary expertise, diagnostics, data, products and support. The company has headquarter situated in Beaver Dam, WI.
6. Kremer Veterinary Services
Founded in 2003, Kremer Veterinary Services provide high quality medical and surgical services in state-of-the-art facilities while also offering a broad-spectrum of services to make our hospitals a true one stop shop for the needs of the pets in our communities. The company has headquarters situated in Plainfield, IL.
7. FirstVet AB
Founded in 2016, FirstVet’s mission is to radically improve the way pet owners navigate care for their furry loved ones. It has headquarters situated in Stockholm, Stockholm.
8. CityVet Inc.
Founded in 1999, CityVet is a veterinarian-owned and veterinarian-led group of practices headquartered in Dallas, TX that has been in operation. The company has headquarters situated in Dallas, Texas.
*Definition- The term "veterinary services" refers to a development that is utilised for the care and treatment of all animals, and which mostly includes outpatient care and small surgical operations requiring fewer than four days in the hospital.
