Japan Veterinary Hospital Market Size & Outlook, 2023-2030
Japan veterinary hospital market, 2018-2030 (US$M)
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Japan veterinary hospital market highlights
- The Japan veterinary hospital market generated a revenue of USD 3,356.2 million in 2023 and is expected to reach USD 4,780.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.2% 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.
Veterinary hospital market data book summary
| Market revenue in 2023 | USD 3,356.2 million |
| Market revenue in 2030 | USD 4,780.1 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Medicine |
| Fastest growing segment | Surgery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 4.0% of the global veterinary hospital market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China veterinary hospital market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 566.9 million by 2030.
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Veterinary Hospital Market Scope
Veterinary Hospital Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 45.05% in 2023. Horizon Databook has segmented the Japan veterinary hospital market based on surgery, medicine, consultation covering the revenue growth of each sub-segment from 2018 to 2030.
There is a rising incidence of veterinary diseases in Japan, particularly in recent years. One such disease is cryptosporidium, which is a parasitic protozoan that causes gastrointestinal illness in both humans and animals. In animals, cryptosporidium infection can cause diarrhea, weight loss, and dehydration. It is commonly found in young animals and can be spread through contact with contaminated species surfaces.
According to a study conducted on cryptosporidium infections in cattle in Japan, in 2019, it was observed that the infection rates of the disease in different areas were reported as follows: 3.9% in Kanagawa, 4.7% in Miyagi, 1.2% in Fukushima, 2.8% in Shizuoka, 1.2% in Saitama, and 3.4% in Tokushima Prefecture.
This rising prevalence of disease is a growing concern for pet owners and veterinarians in Japan. However, with proper preventative measures, such as tick prevention, many of the diseases can be prevented or treated effectively. Pet owners need to work closely with their veterinarians to ensure their pets receive the necessary care to prevent and treat diseases.
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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 country-level data and insights on the Japan veterinary hospital market , including forecasts for subscribers. This country databook contains high-level insights into Japan veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan veterinary hospital market size, by type, 2018-2030 (US$M)
Japan Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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