Veterinary Services Global Market

veterinary services

Veterinary Services Global Market

Veterinary services provide healthcare for animals – especially pets, farm animals, and animals kept in zoos and wildlife parks. Veterinary services include animal hospitals, Veterinary surgical services, Veterinary laboratory testing services, Veterinary clinics. The segments in the veterinary services market are animal hospitals and veterinary clinics and veterinary laboratory testing services.

The global veterinary services market grew from over $120 billion in 2012 to over $150 billion in 2016. It is expected to grow to over $200 billion by 2020.

The key drivers of the veterinary services industry during the period 2016-2020 include economic growth, technology advances, rising livestock population and more stringent government regulations while major restraints on the market include interest rate increases and global warming.

Social media and digital media marketing are driving the veterinary services market. There are many blogs and social media sites which publish articles on animal care and various diseases affecting livestock. This increases awareness of various diseases affecting livestock and pets, and leads to an increase in number of visits to veterinary clinics or callouts for veterinarians. For example, blogs such as Firstline and dvm360.com offer advice on pet and animal care to livestock farmers and pet owners.

Porter’s five forces model predicts the level of attractiveness of a market overall for businesses and investors. Applying this analysis to the veterinary services market leads to the conclusion that its attractiveness is moderate to high, with moderate to high margins available, because the level of threats and the bargaining powers of buyers and suppliers are low to moderate.

The veterinary services market segments include ‘animal hospitals and veterinary clinics’ and ‘veterinary laboratory testing services’. Major trends shaping the animal hospitals market include the following Big Data In Veterinary Care, ‘Wearables’ To Monitor Pet Health, Premiumization Driving Veterinary Care Services, Stem Cells Therapy To Treat Animals. While major trends shaping the veterinary laboratory services market include the following Molecular Biology Advances Providing New Diagnostic Tools, Polymerase Chain Reaction (PCR) For Early Detection, Handheld Technology For Medical Examinations

Veterinary care service providers and pet owners are increasingly using wearables to monitor pet health. Wearables capture body temperature, heart rate, respiration rate, pH levels and other health parameters and transmit the information to farmers, owners and veterinarians. By tracking the vital health parameters through wearables, various stakeholders can diagnose and treat diseases more accurately and faster. For instance, Vital Herd’s e-pill technology can continuously transmit critical data such as body temperature and heart rate to the farmer.

The Americas was the largest region in the veterinary services market in 2016, accounting for over $65 billion. Europe was the second largest region, accounting for over $50 billion. Asia was the third largest region accounting for around $28 billion.

In 2016, UK had the highest average veterinary services revenue per animal, Germany had the second highest and France had the third highest revenue per animal.

The per capita average veterinary services expenditure was the highest in the USA, accounting for around $130 in 2016. Australia had the second highest per capita average veterinary services expenditure accounting for around $110 in 2016. UK had the third highest per capita average veterinary services expenditure accounting for around $90 in 2016.

Merger and acquisition activity in the medical and diagnostic laboratory services market in the last three years has been at a medium level. Leading deals have included those completed by Mars Inc, VCA, CVS and Novozymes.

The veterinary services market is highly fragmented due to comparatively low initial investments and lack of standardization. VCA was the largest competitor followed by Banfield Pet Hospital, Greencross Limited, CVS Group Plc, The Bergh Memorial Animal Hospital ASPCA and The Animal Medical Center.

 

 

Table Of Contents

Executive Summary

  1. Veterinary Services Market Characteristics

Animal hospitals

Veterinary surgical services

Veterinary laboratory testing services

Veterinary clinics

  1. Veterinary Services Market Size and Growth

2.1. Historic Market Growth

2.1.1 Drivers Of The Market

Emerging Markets Growth

Increased Pet Spending

Increased Pet Ownership By Gen X and Gen Y adults

Certification To Export Meat Products –

2.1.2 Restraints On The Market

Shortage of Veterinarians

Cost

Lack Of Governmental Support

2.2 Forecast Market Growth

2.2.1 Drivers Of The Market

Economic Growth

Wildlife Conservation

Technology

Rising Livestock Population

More Stringent Livestock Regulations

2.2.2 Restraints On The Market

Interest Rate Increases

Global Warming

  1. Porter’s Five Forces Model

3.1. Threat Of New Entrants

3.2. Threat Of Substitutes

3.3. Bargaining Power Of Buyers

3.4. Bargaining Power Of Suppliers

3.5. Industry Competition

  1. PESTLE Analysis

4.1. Political Factors

4.2. Economic Factors

4.3. Social Factors

4.4. Technological Factors

4.5. Legal Factors

4.6. Environmental Factors

  1. Veterinary Services Market Segmentation

5.1 Global Segmentation

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

5.2 Animal Hospitals

5.2.1 Market Characteristics

5.2.2 Market Trends And Strategies

Big Data In Veterinary Care

Wearables To Monitor Pet Health

Premiumization Driving Veterinary Care Services

Stem Cells Therapy To Treat Animals

5.3 Veterinary Laboratory Testing Services

5.3.1 Market Characteristics

5.3.2 Market Trends And Strategies

Molecular Biology Advances Providing New Diagnostic Tools

Polymerase Chain Reaction (PCR) For Early Detection

Handheld Technology For Medical Examinations

  1. Veterinary Services Market Regional And Country Analysis

6.1 Global Veterinary Services Market, 2016, By Region

6.2 Global Veterinary Services Market, 2012- 2020, Historic and Forecast, By Region

6.3 Veterinary Services Market, 2016, By Country

6.4 Veterinary Services Market, 2012- 2020, Historic and Forecast, By Country

  1. Global Veterinary Services Market Comparison With Macro Economic Indicators

7.1 Veterinary Services Market Size, Percentage Of GDP, Global

7.2 Per Capita Average Veterinary Services Expenditure, Global

  1. Veterinary Services Market Comparison With Macro Economic Factors Across Countries

8.1 Veterinary Services Market Size, Percentage Of GDP, By Country

8.2 Per Capita Average Veterinary Services Expenditure, By Country

  1. Veterinary Services Indicators Comparison

9.1 Animal Population by Country

9.2 Average Veterinary Services Revenue Per Animal, By Country, $ Billion

  1. Asia’s Veterinary Services Market

10.1.1 Asia’s Veterinary Services Market Overview

10.1.2 Asia’s Veterinary Services Historic Market, 2012 – 2016

10.1.3 Asia Veterinary Services Forecast Market, 2016 – 2020

10.1.4 Asia’s Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

10.2 Asia’s Veterinary Services Market: Country Analysis

10.3 China’s Veterinary Services Market

10.3.1 China’s Veterinary Services Market Overview

10.3.2 China’s Veterinary Services Historic Market, 2012 – 2016

10.3.3 China’s Veterinary Services Forecast Market, 2016 – 2020

10.3.4 China’s Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

10.3.5 China’s Market Size By Animal Type

Livestock

Pets

10.3.6 China’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

10.4 India’s Veterinary Services Market

10.4.1 India’s Veterinary Services Market Overview

10.4.2 India’s Veterinary Services Historic Market, 2012 – 2016

10.4.3 India’s Veterinary Services Forecast Market, 2016 – 2020

10.4.4 India’s Veterinary Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

10.4.5 India’s Market Size By Animal Type

Livestock

Pets

10.4.6 India’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

10.5 Japan’s Veterinary Services Market

10.5.1 Japan’s Veterinary Services Market Overview

10.5.2 Japan’s Veterinary Services Historic Market, 2012 – 2016

10.5.3 Japan’s Veterinary Services Forecast Market, 2016 – 2020

10.5.4 Japan’s Veterinary Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

10.5.5 Japan’s Market Size By Animal Type

Livestock

Pets

10.5.6 Japan’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

  1. Europe’s Veterinary Services Market

11.1.1 Europe’s Veterinary Services Market Overview

11.1.2 Europe Veterinary Services Historic Market, 2012 – 2016

11.1.3 Europe’s Veterinary Services Forecast Market, 2016 – 2020

11.1.4 Europe’s Veterinary Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

11.2 Europe’s Veterinary Services Market: Country Analysis

11.3 UK’s Veterinary Services Market

11.3.1 UK’s Veterinary Services Market Overview

11.3.2 UK’s Veterinary Services Historic Market, 2012 – 2016

11.3.3 UK’s Veterinary Services Forecast Market, 2016 – 2020

11.3.4 UK’s Veterinary Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

11.3.5 UK’s Market Size By Animal Type

Livestock

Pets

11.3.6 UK’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

11.4 Germany’s Veterinary Services Market

11.4.1 Germany’s Veterinary Services Market Overview

11.4.2 Germany’s Veterinary Services Historic Market, 2012 – 2016

12.3.1 Germany’s Veterinary Services Forecast Market, 2016 – 2020

12.3.2 Germany’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

12.3.3 Germany’s Market Size By Animal Type

Pets

Livestock

12.3.4 Germany’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

12.4 France’s Veterinary Services Market

12.4.1 France’s Veterinary Services Market Overview

12.4.2 France’s Veterinary Services Historic Market, 2012 – 2016

13.3.1 France’s Veterinary Services Forecast Market, 2016 – 2020

13.3.2 France’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

13.3.3 France’s Market Size By Animal Type

Livestock

Pets

13.3.4 France’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

13.4 Italy’s Veterinary Services Market

13.4.1 Italy’s Veterinary Services Market Overview

13.4.2 Italy’s Veterinary Services Historic Market, 2012 – 2016

13.4.3 Italy’s Veterinary Services Forecast Market, 2016 – 2020

13.4.4 Italy’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

13.4.5 Italy’s Market Size By Animal Type

Livestock

Pets

13.4.6 Italy’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

13.5 Spain’s Veterinary Services Market

13.5.1 Spain’s Veterinary Services Market Overview

13.5.2 Spain’s Veterinary Services Historic Market, 2012 – 2016

13.5.3 Spain’s Veterinary Services Forecast Market, 2016 – 2020

13.5.4 Spain’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

13.5.5 Spain’s Market Size By Animal Type

Livestock

Pets

13.5.6 Spain’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

13.6 Russia’s Veterinary Services Market

13.6.1 Russia’s Veterinary Services Market Overview

13.6.2 Russia’s Veterinary Services Historic Market, 2012 – 2016

13.6.3 Russia’s Veterinary Services Forecast Market, 2016 – 2020

13.6.4 Russia’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

13.6.5 Russia’s Market Size By Animal Type

Livestock

Pets

13.6.6 Russia’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

  1. Americas’ Veterinary Service Market

12.1.1 Americas’ Veterinary Services Market Overview

12.1.2 Americas’ Veterinary Services Historic Market, 2012 – 2016

12.1.3 Americas’ Veterinary Services Forecast Market, 2016 – 2020

12.1.4 Americas’ Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

12.2 Americas’ Veterinary Services Market: Country Analysis

12.3 Brazil’s Veterinary Services Market

12.3.1 Brazil’s Veterinary Services Market Overview

12.3.2 Brazil’s Veterinary Services Historic Market, 2012 – 2016

12.3.3 Brazil’s Veterinary Services Forecast Market, 2016 – 2020

12.3.4 Brazil’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

12.3.5 Brazil’s Market Size By Animal Type

Livestock

Pets

12.3.6 Brazil’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

12.4 USA’s Veterinary Services Market

12.4.1 USA’s Veterinary Services Market Overview

12.4.2 USA’s Veterinary Services Historic Market, 2012 – 2016

13.1.1 USA’s Veterinary Services Forecast Market, 2016 – 2020

13.1.2 USA’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

13.1.3 USA’s Market Size By Animal Type

Livestock

Pets

13.1.4 USA’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

  1. Middle East & Africa’s Veterinary Services Market

14.1.1 Middle East & Africa’s Veterinary Services Market Overview

14.1.2 Middle East & Africa’s Veterinary Services Historic Market, 2012 – 2016

14.1.3 Middle East & Africa’s Veterinary Services Forecast Market, 2016 – 2020

14.1.4 Middle East & Africa Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

  1. Oceania’s Veterinary Services Market

15.1.1 Oceania’s Veterinary Services Market Overview

15.1.2 Oceania’s Veterinary Services Historic Market, 2012 – 2016

15.1.3 Oceania’s Veterinary Services Forecast Market, 2016 – 2020

15.1.4 Oceania’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

15.2 Oceania’s Veterinary Services Market: Country Analysis

15.3 Australia’s Veterinary Services Market

15.3.1 Australia’s Veterinary Services Market Overview

15.3.2 Australia’s Veterinary Services Historic Market, 2012 – 2016

15.3.3 Australia’s Veterinary Services Forecast Market, 2016 – 2020

15.3.4 Australia’s Veterinary Services Market Size By Segment

Animal Hospitals And Veterinary Clinics

Veterinary Laboratory Testing Services

15.3.5 Australia’s Market Size By Animal Type

Livestock

Pets

15.3.6 Australia’s Average Veterinary Services Revenue Per Animal, 2012-2020, $

  1. Veterinary Services Market Competitive Landscape

16.1 Company Profiles

16.2 VCA

16.2.1 Overview

16.2.2 Products And Services

16.2.3 Strategy

16.2.4 Financial Performance

16.3 Banfield Pet Hospital

16.3.1 Overview

16.3.2 Products And Services

16.3.3 Strategy

16.3.4 Financial Performance

16.4 Greencross Limited

16.4.1 Overview

16.4.2 Products And Services

16.4.3 Strategy

16.4.4 Financial Performance

16.5 CVS Group plc

16.5.1 Overview

16.5.2 Products And Services

16.5.3 Strategy

16.5.4 Financial Performance

16.6 The Bergh Memorial Animal Hospital ASPCA

16.6.1 Overview

16.6.2 Financial Performance

16.7 The Animal Medical Center

16.7.1 Overview

16.7.2 Products And Services

16.7.3 Financial Performance

  1. Veterinary Services Market Customer Information
  2. Key Mergers and Acquisitions In The Veterinary Services Market
  3. Veterinary Services Market Trends and Strategies

Electronic Health Records

Insurance Services Aiding Pet Owners

Specialty Services

Portable Technology

Industry Consolidation

  1. Market Background: Global Healthcare Market

20.1.1 Healthcare Market Characteristics

20.1.2 Healthcare Market Historic Growth

20.1.3 Healthcare Market Forecast Growth

20.1.4 Healthcare Market Segmentation

20.1.5 Number Of Mergers And Acquisitions In The Healthcare Industry

20.1.6 Healthcare Services Market Characteristics

20.1.7 Healthcare Services Market Historic Growth

20.1.8 Healthcare Services Market Forecast Growth

20.1.9 Healthcare Services Market Segmentation

  1. Appendix

20.1 NAICS Definitions Of Industry Covered In This Report

20.2 Abbreviations

20.3 Currencies

20.4 Research Methodology

20.5 Research Inquiries