Veterinary Services is expected to have a significant market growth driven by the growing consumption of meat and livestock-based products, rising adoption of pet animals and support from the government. Veterinary services help in the implementation of guidelines regarding food safety issued by regulatory authorities. These services are essential for the treatment of animals against a plethora of diseases. However, lack of awareness regarding animal health in developing economies is expected to be a restraint for market growth. By animal, cattle is expected to have a considerable market share owing to the considerable adoption of these services for the proper treatment of these commercial animals. By geography, North America is expected to have a significant market share due to the growing consumption of livestock-based products.
Growing consumption of meat and livestock-based products
Supportive government practices
Lack of awareness regarding animal health in developing economies
In November 2018, Mars Petcare, part of Mars Incorporated, completed the acquisition of AniCura.
In August 2019, Elanco Animal Health Incorporated acquired Montreal based Prevtec Microbia Inc. a biotechnology start-up specializing in the development of vaccines that help prevent bacterial diseases in food animals
The veterinary services market has been analyzed through the following segments:
By service type
Middle East and Africa