Italy Veterinary Services Market Size & Outlook, 2023-2030
Italy veterinary services market, 2018-2030 (US$M)
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Italy veterinary services market highlights
- The Italy veterinary services market generated a revenue of USD 3,832.1 million in 2023 and is expected to reach USD 6,300.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.4% 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 3,832.1 million |
| Market revenue in 2030 | USD 6,300.8 million |
| Growth rate | 7.4% (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, Italy accounted for 3.0% 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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Italy 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 58.32% in 2023. Horizon Databook has segmented the Italy veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, pet owners have begun to show enhanced sensitivity toward their companion animals. Italy has a pet population of 60.2 million and human population of 60 million people. More than 3 out of 10 Italian families own at least one pet. Moreover, according to the Italian Association of Veterinary Doctors (ANMVI), the veterinary industry is growing due to high-quality care.
Italian pet owners have high expectations regarding the quality of care provided by veterinary practices. This has led to an increase in the focus on advanced diagnostics and treatment methods as well as personalized care plans for each pet. Furthermore, veterinary services in Italy are concentrated in urban areas, with fewer practices available in rural areas.
This represents an opportunity for growth in rural areas, where there is a growing demand for veterinary services. Moreover, expanded usage of vaccines among companion and livestock animals is leading to increase in market demand. In earlier years, epidemics such as leptospirosis and bluetongue virus caused substantial losses in the animal sector, thus fueling demand for vaccination.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into Italy veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy veterinary services market size, by animal type, 2018-2030 (US$M)
Italy Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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