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.

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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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