The Global Veterinary Healthcare Market is Estimated to Reach USD 39.56 billion by 2021
Rise in the pet ownership, demand for animal-related medical products, awareness regarding animal health issues and availability of advanced diagnostic and surgical procedures are some of the key veterinary industry trends that are observed in recent times. Aforementioned, make veterinary healthcare of paramount importance. Factors Impacting the Market Growth: Veterinary industry analysis states that rising demand for pet products and the adoption of advanced technologies for veterinary treatments has boosted the market growth. However, high costs for licenses, trained personnel and equipment have made veterinary services less affordable thus impeding the market growth. According to a survey conducted by the American Pet Products Association, 41% of cat owners and 43% of dog owners primarily rely on online information to treat their pets instead of visiting a veterinary clinic. These are some integral factors that are currently restraining market growth. M...