Tag Archives: Veterinary Services Customer and Operational Insights

****** Veterinary Services Market Size | Industry Report, 2021

Veterinary services provide healthcare for animals – especially pets, farm animals, and animals kept in zoos and wildlife parks. Healthcare is required in cases of disease or injury and for health maintenance and management.

This industry comprises licensed veterinary practitioners who practice veterinary medicine, dentistry or surgery for animals.

View Complete Report:

https://www.thebusinessresearchcompany.com/report/veterinary-services-market

Digitalization Of Records In The Veterinary Services Industry!

Electronic health records offer an efficient way to collect and store electronic health information about a client and their pets. Electronic health records accurately represent vital data while ensuring pet history and relevant information is always accessible and easy to use, in order to increase efficiencies as a result of allowing veterinarians to examine possible trends and long-term changes in the pet’s record.

THE BUSINESS RESEARCH COMPANY EXPECTS THE VETERINARY SERVICES MARKET TO GROW TO $126 BILLION BY 2021

North America was the largest region in the veterinary services market in 2017, accounting for almost half of the ****** market share.

Regulatory Challenges Impact The Veterinary Services Market Growth As Per TBRC’s Latest Report (Companies Included: VCA, Medical Management International, Greencross Limited, CVS Group (UK), The Bergh Memorial Animal Hospital)

Veterinary services provide healthcare for animals – especially pets, farm animals, and animals kept in zoos and wildlife parks. Healthcare is required in cases of disease or injury and for health maintenance and management.

This industry comprises licensed veterinary practitioners who practice veterinary medicine, dentistry or surgery for animals.

Read more:

https://www.thebusinessresearchcompany.com/report/veterinary-services-******-market-report-2018

The ****** veterinary services market has shown a modest growth in the past years with a CAGR of over 7%. The year 2017 recorded highest ever growth in this market with a net value of about $100 billion as per TBRC’s inhouse consultants.

Increased Pet Ownership Drives Veterinary Services Market Growth

Increased pet ownership among Gen X and Gen Y adults and increased spending on better pet care is a significant contributor to veterinary services market growth, which is 6.2% a year, a report from The Business Research Company shows. Pet owners often view pets as their family members and are willing to spend on pet products and services. In the USA, for instance, according to American Veterinary Medical Association data, there is a correlation between the degree of human/animal bond and pet spending. In 2012, households that view their dogs as family members spent more on average for veterinary services. According to the US Bureau of Labor Statistics, an American household spends an average of $500 on pets, amounting to almost 1% of their annual spending. Such spending drove veterinary services market growth at 7.2% a year in the period 2013-17. However, high costs for equipment, licenses and trained personnel are holding growth back a little. These high costs, which in turn affect prices, make veterinary services less affordable. In developed countries like the USA, one key indicator – the number of visits to veterinary clinics by pet and livestock owners – has fallen recently. This probably results from a combination of decreasing affordability and the availability of information online. According to the American Pet Products Association, 43% of dog owners and 41% of cat owners rely on online information.