The Business Research Company’s latest report Veterinary Healthcare Global Market Report 2020 covers Veterinary Healthcare market drivers, Veterinary Healthcare market trends, Veterinary Healthcare market segments, Veterinary Healthcare market growth rate, Veterinary Healthcare market major players, and Veterinary Healthcare market size. The report provides in-depth analysis of the impact of COVID-19 on the Veterinary Healthcare industry, along with revised market numbers due to the effects of the coronavirus.
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Veterinary Healthcare Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global veterinary healthcare market is expected to decline from $150.7 billion in 2019 to $119 billion in 2020 at a compound annual growth rate (CAGR) of -21.1%. The decline is mainly due to COVID-19 outbreak and the lockdown measures to contain it. Several veterinary care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. There is also a worldwide demand and supply issue due to an inadequate production of veterinary care devices because of the restrictions imposed by governments of various countries to shutdown factories, or function with minimal staffing to contain the spread of virus and keep the staff safe. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $186.7 billion in 2023.
The report covers the Veterinary Healthcare market’s segments-
1) By Type: Veterinary Services, Veterinary Medical Equipment, Animal Medicine.
2) By Type Of Animal: Livestock, Companion Animals.
Subsegments Covered: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services, Veterinary Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient Monitoring Equipment, Other Veterinary Medical Equipment, Veterinary Pharmaceuticals, Feed Additives.
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