Japan Veterinary Services Market Size & Outlook, 2023-2030
Japan veterinary services market, 2018-2030 (US$M)
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Japan veterinary services market highlights
- The Japan veterinary services market generated a revenue of USD 4,695.8 million in 2023 and is expected to reach USD 8,007.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.9% 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 4,695.8 million |
| Market revenue in 2030 | USD 8,007.0 million |
| Growth rate | 7.9% (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, Japan accounted for 3.6% 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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Japan 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 Japan veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
There is rising incidence of veterinary diseases in Japan, particularly in recent years. One such disease is cryptosporidium, which is a parasitic protozoan that causes gastrointestinal illness in both humans and animals. In animals, cryptosporidium infection can cause diarrhea, weight loss, and dehydration.
It is commonly found in young animals and can be spread through contact with contaminated species surfaces. Furthermore, according to a study conducted on cryptosporidium infection in cattle in Japan, in 2019, the infection rates of the disease in different areas were reported as follows: 3.9% in Kanagawa, 4.7% in Miyagi, 1.2% in Fukushima, 2.8% in Shizuoka, 1.2% in Saitama, and 3.4% in Tokushima Prefecture.
This rising prevalence of diseases is a growing concern for pet owners and veterinarians in Japan. However, with proper preventative measures, such as tick prevention, many diseases can be prevented or treated effectively. It is important for pet owners to work closely with their veterinarians to ensure their pets receive the necessary care to prevent and treat diseases.
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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 Japan veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into Japan veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan veterinary services market size, by animal type, 2018-2030 (US$M)
Japan Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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