Asia Pacific Veterinary Services Market Size & Outlook
Asia Pacific veterinary services market, 2018-2030 (US$M)
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Asia Pacific veterinary services market highlights
- The Asia Pacific veterinary services market generated a revenue of USD 22,564.0 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, production animals was the largest revenue generating animal type in 2023.
- Companion Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 22,564.0 million |
| Market revenue in 2030 | USD 40,014.8 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Production animals |
| Fastest growing segment | Companion Animals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Production Animals |
| Key market players worldwide | CVS Group PLC, National Veterinary Associates, Pets at Home Group PLC, Greencross Vets, Fetch Pet Care, IVC Evidensia, PetSmart, Airpets International |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.5% of the global veterinary services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 40,014.8 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific veterinary services 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 services market will help companies and investors design strategic landscapes.
Production animals was the largest segment with a revenue share of 58.57% in 2023. Horizon Databook has segmented the Asia Pacific veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
Since most of the nations are dependent on agricultural production and exports, there is high availability of poultry animals, thus the market is expected to witness significant growth. Furthermore, increased prevalence of zoonotic diseases coupled with growing awareness about livestock diseases is fueling the market growth in the region. Improved pet adoption is one of the key factors driving the pet care industry.
Growing pet humanization and increasing adoption of Western lifestyle are changing the perception of pet owners in the region. This altering behavior pertaining to the adoption of pets is expected to contribute to market growth. According to FAO, South Asia is one of the main regions for dairy production. The growing prevalence of animal-related diseases in Asian countries is further supporting market growth.
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Target buyers of Asia Pacific veterinary services market databook
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Our clientele includes a mix of veterinary services 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 services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific veterinary services market size, by country, 2018-2030 (US$M)
Asia Pacific Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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