China Veterinary Services Market Size & Outlook, 2023-2030
China veterinary services market, 2018-2030 (US$M)
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China veterinary services market highlights
- The China veterinary services market generated a revenue of USD 5,354.3 million in 2023 and is expected to reach USD 8,955.3 million by 2030.
- The China market is expected to grow at a CAGR of 7.6% 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.
Veterinary services market data book summary
| Market revenue in 2023 | USD 5,354.3 million |
| Market revenue in 2030 | USD 8,955.3 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Production animals |
| Fastest growing segment | Companion Animals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 4.2% of the global veterinary services 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 services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,046.6 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 58.78% in 2023. Horizon Databook has segmented the China veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
Veterinary services in China have witnessed significant growth in recent years, wherein major drivers of the market are rising pet ownership, China’s growing middle class, and growing demand for veterinary services. For instance, according to a report by QuestMobile, the middle-class population is growing at a year-on-year rate of 15.6%.
In addition, there is an increase in focus on animal health and welfare. There is a growing awareness and concern regarding animal health and welfare in China, leading to increased demand for high-quality veterinary care.
For instance, in September 2022, a new set of administrative measures governing animal clinics and medicine were released by the Ministry of Agriculture and Rural Affairs (MARA) in China. Measures for the Administration of Animal Clinics are expected to standardize China’s veterinary service industry.
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Target buyers of China 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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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 China veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into China veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China veterinary services market size, by animal type, 2018-2030 (US$M)
China Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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