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.
This industry comprises licensed veterinary practitioners
who practice veterinary medicine, dentistry or surgery for animals.
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The global veterinary services market has shown a modest
growth in the past years with a CAGR of over 7%. The year 2017 recorded highest
ever growth in this market with a net value of about $100 billion as per TBRC’s
inhouse consultants.
TBRC’s report show latest trends in the veterinary services
market for each year with sourced reasons to support the growth claims.
The report also shows veterinary services market to decline
with a lower CAGR by 2021 as compared to 2017.
Sample report:
The veterinary services industry is highly regulated by
various, complex state and central government laws and regulations. Moreover,
veterinary services are faced with stringent licensing laws and requirement,
further hindering the growth of the industry.
Such regulatory mandates are expected to act as a major
restraint on the veterinary services market which is dipping the number of licensed
veterinary services and the demand for its use.
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Companies included in the report are VCA, Medical Management
International, Greencross Limited, CVS Group (UK), and The Bergh Memorial
Animal Hospital.
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