Europe Veterinarians Market To Reach $32.2 Billion By 2030

Europe Veterinarians Market Growth & Trends

The Europe veterinarians market size is expected to reach USD 32.2 billion by 2030, registering a CAGR of 7.56% over the forecast period, according to a new report by Grand View Research, Inc. The market is driven by the growing demand for veterinary services, the increasing need for veterinarians with specialized skills and expertise, rising awareness about animal health, increasing adoption of pet insurance, and consolidation of animal hospitals. Rapidly increasing consolidation has changed the veterinary professional market in recent years.One of the greatest challenges is a lack of qualified workers. Although this is not a new phenomenon, recent occurrences have significantly exacerbated the problem.

These include increased demands brought on by the COVID-19 pandemic, changes to the status of EU veterinarians as a result of Brexit, and a rise in demand for veterinarians duetoincreased pet ownership in the UK. In a recent survey by the RCVS on the experiences of the veterinary profession during the pandemic, it was discovered that many veterinarians had to change their work schedules and take on new responsibilities (54%) and that the increased demand was felt by all, with 80% of respondents saying that they personally experienced an increase in their caseload as a result of a rise in pet ownership. In addition, the prevalence of pet diseases has increased in recent years in countries like France, which has increased the demand for veterinary services.

Obesity, dental issues, skin allergies, osteoarthritis, and viral diseases are the most typical pet illnesses in France. The necessity of routine veterinary examinations and preventive treatment to keep pets healthy and happy is highlighted by the rising prevalence of pet diseases in France. The number of veterinarians listed in France is increasing, with 20,197 expected to practice there in 2021, according to the Ordre National des vétérinaires (ONV). However, there is a lack of workers in several areas of the Centre-Val de Loire, Ile-de-France, Creuse, Corrèze, and Auvergne-Rhône-Alpes.Furthermore, in the past few years, the UK’s veterinary market has shown consistent development.

In 2022, the UK had 12 million cats and 13 million pet dogs, according to the Pet Food Manufacturers Association’s (PFMA) UK Pet Population Study. For instance, in 2022, 62% of families (17.4 million) will have pets. The demand for veterinary services has increased as a result of an increasing number of pets. As a result, the UK has seen a huge increase in the number of veterinary hospitals and clinics during the past few decades. In the United Kingdom, there are currently over 4,000 veterinary practices, most of which are small, privately held practices.

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Europe Veterinarians Market Report Highlights

• The private sector segment dominated the market with a share of over 50% in 2022. This is due to the region's growing corporatization and the development of larger practice groups that employ a sizable number of veterinary experts

• The 40-60 years age group segment accounted for the largest share of over 45% in 2022. On the other hand, the <40 years segment is anticipated to grow at the highest CAGR of over 8% during the forecast period

• The companion animals animal type segment held the largest share of the global market in 2022

• Germany dominated the market with a share of over 20% in 2022. A large number of pets, sizeable number of livestock, rising demand for veterinary services, high demand for R&D, andsupportive regulatory environment contribute to the region’s growth

Europe Veterinarians Market Segmentation

Grand View Research has segmented the Europe veterinarians market on the basis of sector, age group, animal type, and country:

Europe Veterinarians Sector Outlook (Revenue, USD Million, 2018 - 2030)

• Private

• Public

• Others

Europe Veterinarians Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• <40 years

• 40-60 years

• 60< years

Europe Veterinarians Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animals

• Livestock Animals

Europe Veterinarians Country Outlook (Revenue, USD Million, 2018 - 2030)

• Germany

• U.K.

• France

• Italy

• Spain

• The Netherlands

• Austria

• Poland

• Denmark

• Switzerland

• Rest of Europe