UK Veterinary Hospital Market Size & Outlook, 2023-2030
UK veterinary hospital market, 2018-2030 (US$M)
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UK veterinary hospital market highlights
- The UK veterinary hospital market generated a revenue of USD 4,612.8 million in 2023 and is expected to reach USD 6,024.8 million by 2030.
- The UK market is expected to grow at a CAGR of 3.9% 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 4,612.8 million |
| Market revenue in 2030 | USD 6,024.8 million |
| Growth rate | 3.9% (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, UK accounted for 5.5% 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 Europe, UK veterinary hospital market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 1,400.0 million by 2030.
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Veterinary Hospital Market Scope
Veterinary Hospital Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 45.32% in 2023. Horizon Databook has segmented the UK veterinary hospital market based on surgery, medicine, consultation covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary industry in the UK has experienced steady growth over the past few years. According to the UK Pet Population report by the Pet Food Manufacturers Association (PFMA), there were approximately 13 million pet dogs and 12 million cats in the UK in 2022.
It was also estimated in 2022 that 62% of households (17.4 million) will have pets. This high number of pets has resulted in an increase in demand for veterinary services. As a result, the number of veterinary hospitals and clinics in the UK has grown significantly over the past decades. There are currently over 4,000 veterinary practices in the UK, with the majority of them being small, privately owned practices.
The veterinary industry in the UK is expected to continue growing in the coming years due to factors such as an increase in pet ownership, advances in veterinary technology, and an aging pet population. In addition, pet owners are more willing to spend money on their pet’s healthcare, which has led to increased revenue for veterinary practices.
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Our clientele includes a mix of veterinary hospital market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the UK veterinary hospital market , including forecasts for subscribers. This country databook contains high-level insights into UK veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK veterinary hospital market size, by type, 2018-2030 (US$M)
UK Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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