Veterinary services
provide healthcare for animals - especially pets, farm animals, and animals
kept in zoos and wildlife parks. Healthcare is required in cases of disease or
injury and for health maintenance and management.
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The global veterinary industry
analysis says that the veterinary services market grew from about $74 billion
in 2013 to nearly $100 billion in 2017. This high growth of the veterinary industry can
be attributed to factors such as increased pet spending in recent years, increased pet ownership by new
generation, certification to import meat products, and other such factors
mentioned in the report.
The USA
was the largest country in the veterinary services market in 2017, accounting
for around 42% of the market.
According to veterinary market statistics, the USA
had a dog population of 69 million and cat population of 74 million in the year
2016. Other popular pets owned by households in the USA include fish, ferrets,
rabbits and hamsters.
The veterinary industry overview shows that in
the USA, the livestock population includes cattle, goats, sheep, horses and
pigs. In 2016, the country had a livestock population of around 181 million. There
are currently around 90 million cattle in the vet market of the USA, and among these are nine million dairy
cows, and 30 million beef cows.
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In the USA, there were 117,735
veterinarians in 2017 of which 60.6% privately practiced in clinics and about
15% in public hospitals. Ninety percent of the 28,000 veterinary hospitals in
the U.S. are independently owned. Veterinary services are in the early stages
of consolidation, with consolidator ownership expected to nearly double by
2025. Companion animals and livestock
contribute equally to the veterinary services market in the US.
Some of the major veterinary associations in the USA are American
Veterinary Medical Association (AVMA), American Association of Bovine
Practitioners (AABP), and American and Association of Veterinary State Boards
(AAVSB).
Companies included in the report are VCA Inc., Banfield Pet Hospitals, Greencross Limited, CVS Group Plc, The
Bergh Memorial Animal Hospital ASPCA and The Animal Medical Center.
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