Germany Veterinary Services Market Size & Outlook
Germany veterinary services market, 2018-2030 (US$M)
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Germany veterinary services market highlights
- The Germany veterinary services market generated a revenue of USD 9,270.7 million in 2023 and is expected to reach USD 14,255.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.3% 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 9,270.7 million |
| Market revenue in 2030 | USD 14,255.8 million |
| Growth rate | 6.3% (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, Germany accounted for 7.2% 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 Europe, UK veterinary services market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 1,486.1 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 58.81% in 2023. Horizon Databook has segmented the Germany veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is the leading market for pet food products. According to a report by the German Pet Food Industry Association, there were approximately 34.9 million pets in Germany in 2020. This high number has resulted in increased demand for veterinary services and products.
As a result, there has been a significant rise in the number of veterinary hospitals and clinics in Germany over the past few decades. For instance, according to Federation of Veterinarians of Europe, in 2018, there were 41,000 veterinarians in Germany. The Germany veterinary services market is also expected to drive the demand for alternative therapies for pets, such as acupuncture, chiropractic, and herbal medicine.
As a result, more veterinary hospitals in Germany are offering these services to meet the demand. Moreover, the increasing importance of preventive care for early detection and treatment of health issues is driving the market.
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Target buyers of Germany 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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into Germany veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany veterinary services market size, by animal type, 2018-2030 (US$M)
Germany Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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