Veterinary Services Market Development Strategy, Business Growth Forecast To 2023

The Business Research Company’s latest report Veterinary Services Global Market Report 2020 covers Veterinary Services market drivers, Veterinary Services market trends, Veterinary Services market segments, Veterinary Services market growth rate, Veterinary Services market major players, and Veterinary Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Veterinary Services industry, along with revised market numbers due to the effects of the coronavirus.

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Veterinary Services 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 services market is expected to decline from $109.7 billion in 2019 to $84.9 billion in 2020 at a compound annual growth rate (CAGR) of -22.6%. The decline is mainly due to the COVID-19 outbreak and the 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. This is because the global public health organizations have recommended some medical facilities to postpone or cancel non-urgent visits/services, and to prioritize urgent and emergency visits and procedures in order to contain the coronavirus spread. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $133.7 billion in 2023.

The report covers the veterinary services market’s segments-
1) By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services.
2) By Type Of Animal: Livestock, Companion Animals.
3) By Type Of Expenditure: Public, Private.
4) By Type Of Service: Onsite, Offsite.

Subsegments Covered: Routine Examinations, Non-Surgical Procedures, Surgical Procedures, Pet Animals, Livestock.

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