Latin America Veterinary Services Market Size & Outlook
Latin America veterinary services market, 2018-2030 (US$M)
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Latin America veterinary services market highlights
- The Latin America veterinary services market generated a revenue of USD 10,306.6 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 10,306.6 million |
| Market revenue in 2030 | USD 17,933.3 million |
| Growth rate | 8.2% (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, Latin America region accounted for 8.0% 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 |
|---|
Latin America 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 58.53% in 2023. Horizon Databook has segmented the Latin America veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for better veterinary care solutions and centers in Latin America is projected to increase over the forecast period. This can be attributed to the growing animal population, rising awareness about various ailments in companion animals at early stages, rising animal services expenditure, and advancing veterinary healthcare infrastructure. In terms of country, Brazil dominated the market in 2022 owing to a notably large pet population and growing veterinary visits in hospitals.
Mexico veterinary services market is anticipated to grow at the fastest CAGR over the forecast period. In recent years, the region was highly recognized for offering cheaper veterinary services with advanced technologies in hospitals & clinics. According to the World Organization for Animal Health, the countries in Latin America improved their animal healthcare status via both private and public organization efforts.
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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 continent-level data and insights on the Latin America veterinary services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America veterinary services market size, by country, 2018-2030 (US$M)
Latin America Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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