North America Veterinary Services Market Size & Outlook
North America veterinary services market, 2018-2030 (US$M)
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North America veterinary services market highlights
- The North America veterinary services market generated a revenue of USD 49,368.9 million in 2023.
- The market is expected to grow at a CAGR of 7% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 49,368.9 million |
| Market revenue in 2030 | USD 79,370.1 million |
| Growth rate | 7% (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, North America region accounted for 38.4% 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 |
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North 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 58.86% in 2023. Horizon Databook has segmented the North America veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
North America has a large and well-established veterinary industry, with numerous veterinary hospitals and clinics throughout the region. These hospitals vary in size and scope, with some specializing in specific areas of veterinary medicine, such as oncology, dermatology, or dentistry. The veterinary industry in North America is regulated by various organizations, including the American Veterinary Medical Association (AVMA) in the U.S. and the Canadian Veterinary Medical Association (CVMA) in Canada.
These organizations work to establish standards of care for animals and promote the veterinary profession. Overall, the main factors that are expected to fuel growth in the North America veterinary hospital market are increasing pet ownership, advances in veterinary medicine, growing demand for specialized services, and increase in pet insurance coverage that makes it easier for pet owners to afford veterinary care.
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Our clientele includes a mix of veterinary services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary services market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary services market size, by country, 2018-2030 (US$M)
North America Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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