U.S. Veterinary Hospital Market Size & Outlook, 2023-2030
U.S. veterinary hospital market, 2018-2030 (US$M)
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U.S. veterinary hospital market highlights
- The U.S. veterinary hospital market generated a revenue of USD 28,932.0 million in 2023 and is expected to reach USD 40,180.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.8% 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 28,932.0 million |
| Market revenue in 2030 | USD 40,180.8 million |
| Growth rate | 4.8% (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, U.S. accounted for 34.7% 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 North America, U.S. veterinary hospital market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 11,598.6 million by 2030.
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Veterinary Hospital Market Scope
Veterinary Hospital Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 45.49% in 2023. Horizon Databook has segmented the U.S. 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 U.S. has experienced significant growth over the past decade. According to American Pet Products AssociationThis growth is driven by several factors, including increasing pet ownership, growing demand for high-quality veterinary care
According to the American Veterinary Medical Association, approximately 70% of households (90.5 million homes) in the U.S. own a pet, with dogs and cats being the most popular. As more people own pets, there is a growing demand for veterinary services, which is driving the market.
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Target buyers of U.S. 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 country-level data and insights on the U.S. veterinary hospital market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary hospital market size, by type, 2018-2030 (US$M)
U.S. Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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