Asia Pacific Veterinary Hospital Market Size & Outlook
Asia Pacific veterinary hospital market, 2018-2030 (US$M)
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Asia Pacific veterinary hospital market highlights
- The Asia Pacific veterinary hospital market generated a revenue of USD 13,627.7 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, medicine was the largest revenue generating type in 2023.
- Surgery is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 13,627.7 million |
| Market revenue in 2030 | USD 20,612.7 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Medicine |
| Fastest growing segment | Surgery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgery, Medicine, Consultation |
| Key market players worldwide | CVS Group PLC, Pets at Home Group PLC, Greencross Vets, National Veterinary Associates, All Pets Veterinary Hospital, Innovetive Petcare |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.4% of the global veterinary hospital market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 10,033.8 million by 2030.
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Veterinary Hospital Market Scope
Veterinary Hospital Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific veterinary hospital market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary hospital market will help companies and investors design strategic landscapes.
Medicine was the largest segment with a revenue share of 45.16% in 2023. Horizon Databook has segmented the Asia Pacific veterinary hospital market based on surgery, medicine, consultation covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary hospital industry in the Asia Pacific region is expected to experience significant growth in the coming years. This is due to growing awareness of pet health among pet owners, and expansion into emerging markets as some countries in the region, such as China and India, continue to develop and expand their economies, the veterinary industry is expected to experience significant growth, providing opportunities for expansion and investment.
Also, demand for specialized care is increasing, and veterinary hospitals that offer specialized services in areas, such as oncology, cardiology, or neurology, can differentiate themselves and attract new clients. Overall, the drivers of the veterinary hospital industry in the Asia Pacific region are a combination of increasing demand, advancements in technology, and expansion into emerging markets.
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Target buyers of Asia Pacific veterinary hospital market databook
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Our clientele includes a mix of veterinary hospital market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific veterinary hospital market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific veterinary hospital market size, by country, 2018-2030 (US$M)
Asia Pacific Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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