Latin America Veterinary Hospital Market Size & Outlook
Latin America veterinary hospital market, 2018-2030 (US$M)
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Latin America veterinary hospital market highlights
- The Latin America veterinary hospital market generated a revenue of USD 6,164.1 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6,164.1 million |
| Market revenue in 2030 | USD 10,033.8 million |
| Growth rate | 7.2% (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, Latin America region accounted for 7.4% 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 |
|---|
Latin America 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 45.28% in 2023. Horizon Databook has segmented the Latin America veterinary hospital market based on surgery, medicine, consultation covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for better veterinary care solutions and centers in the Latin America market is projected to increase over the forecast period. This can be attributed to the growing animal population, awareness about various ailments in companion animals at early stages, rising animal services expenditure, and advancing veterinary healthcare infrastructure.
In terms of country, Brazil dominated the market in 2022 owing to a notably high pet population and growing veterinary visits in hospitals. Mexico is anticipated to grow at the fastest CAGR over the forecast period. In recent years, the region has been highly recognized for offering cheaper veterinary services with advanced technologies in hospitals & clinics.
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Target buyers of Latin America 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 Latin America veterinary hospital market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America veterinary hospital market size, by country, 2018-2030 (US$M)
Latin America Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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