The Global Animal Hospitals and Veterinary Clinics Market Report by The Business Research Company covers animal hospitals and veterinary clinics market drivers and restraints, animal hospitals and veterinary clinics market size, major players, and the impact of COVID-19 on the animal hospitals and veterinary clinics market.

The animal hospitals and veterinary clinics market consists of sales of veterinary services and related goods by animal hospitals and veterinary clinics. These entities (organizations, sole traders and partnerships) provide veterinary services to pets, farm animals and animals kept in zoos and wildlife parks. This industry includes animal hospitals and veterinary clinics that provide veterinary healthcare services such as consultation services, treatment, and curative medicines to animals. Healthcare is required in cases of disease or injury and for health maintenance and management of animals/livestock.

The global animal hospitals and veterinary clinics market is expected to decline from $91.3 billion in 2019 to $70.7 billion in 2020 at a rate of -22.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.1% from 2021 ad reach $111.2 billion in 2023.

The increasing penetration of pet insurance is expected to drive the animal hospitals and veterinary clinics market. Globally, the pet insurance market is largely untapped with extremely low penetration rates providing a large market opportunity. During 2018-2022, the pet insurance market in the USA is expected to grow from $1 billion in 2018 to $2 billion in 2022, at a compound annual growth rate of 14%, mainly driven by the increasing consumer awareness and rising disposable income of companion animal owners. Increasing penetration of pet insurance will increase the number of visits at animal hospitals and veterinary clinics, thereby driving the market.

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Some animal hospitals and veterinary clinics market trends include use of telemedicine platforms is gaining traction in the animal hospitals and veterinary clinics market during the COVID-19 crisis. Moreover, rapid advances in molecular biology are enabling animal hospitals and veterinary clinics to offer high tech diagnostic tools.

Global animal hospitals and veterinary clinics market segments include:

• By Type Of Service: Consultation, Surgery, Medicine, Other (includes pet food)
• By Type Of Animal: Farm Animals, Companion Animals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Animal Hospitals and Veterinary Clinics Opportunities And Strategies: Forecast To 2023 is one of a series of new reports from The Business Research Company that provides animal hospitals and veterinary clinics market overviews, analyzes and forecasts market size, share, animal hospitals and veterinary clinics market players, animal hospitals and veterinary clinics market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The animal hospitals and veterinary clinics identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Animal Hospitals and Veterinary Clinics Opportunities And Strategies: Forecast To 2023 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Mars Inc., CVS Group Plc, Greencross Vets Limited, Medivet Group Limited, Animal and Plant Health Agency

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Animal Hospitals and Veterinary Clinics Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Animal Hospitals and Veterinary Clinics Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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