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.
Market Opportunities:
Major veterinary industry
trends like the usage of big data in
pet care to assess and diagnose potential diseases and advanced wearable
devices to monitor animal health can open numerous opportunities for the market
to grow.
FutureWise presents its clients
with the tools they need to be at the forefront of their industry – a position
secured for far more than the near future.
Why FutureWise?
1. Specialization in high-growth niche markets
which remain unexplored by various top market research globally.
2. Profound understanding of markets and consumer
behaviour.
3. Market
intelligence insights about
unique as well as emergent markets that are arduous to find elsewhere.
4. Full-time engagements with a dedicated
research unit comprising of subject matter experts (SME) and market research
analysts who can be engaged for fixed-hour support or complete project
duration.
5. Round the clock unlimited analyst support
so our clients can utilize our business acumen to the fullest.
About FutureWise Processes
Here are some factors that
differentiate FutureWise from other companies and places it as a top market research company in
Europe as well as top market
research company in North America.
1. Standards Followed
FutureWise ensures utilization of
statistically accurate surveys, comprehensive analytical tools, meticulous
coverage of geographic regions, comprehensive checks of data.
2. Precise Assessments
Our B2C and B2B research domain
experts conduct thorough assessments by interviews, surveys (both online and
conventional), structured questionnaires with end-market leaders and various
participants.
Be it product benchmarking,
competitive landscaping, competition profiling, emerging competition or market
share analysis related to macro and micro markets, they strive to bring forward
every hidden opportunity for their partners so they can tap in their true
potential.
4. Multi-Level Market
Segmentation
Enabling our clients to tap the
disruption with global data collection analysis of external links and drivers, modelling
distribution channels, authentication of segmentation, global and local region
analysis, data integrity cross-check, and so on.
5. Forecasting and Sizing
FutureWise believes in systematic
data collection as the first step towards successful forecasting and sizing of
each and every market. We offer forecasts and major market segment sizes along
with different sub-segments falling within the calculated categories. At
FutureWise, we employ numerous primal and auxiliary sources for market forecasting
and sizing including but not limited to following mentioned sources such as
interviewing vendors, market data history, financial records and user surveys.
Below are vital market parameters
regarding veterinary industry market research that are briefly analysed and
verified by senior research consultants at FutureWise.
1. Regional Insight:
• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World
North America accounts for the
largest market share and this veterinary industry trend is mainly observed in
the U.S. This is owing to the high per capita spend in the U.S. Furthermore,
expansion of new animal education programs seeking accreditation which can
widen the scope of adopting veterinary services.
On the other hand, China, which
possesses the largest animal population, spends significantly less on
veterinary services. However, countries like India are experiencing a rise in
the animal population owing to the rising demand for dairy products and meat
which has, in turn, increased the demand for veterinary services in the Asia
Pacific region.
2. Market Overview:
Production animal segment
dominates the global market. The reason for this dominance is the
ever-increasing concern regarding sustainability and food safety by government
healthcare organizations. Furthermore, the livestock population can be
efficiently increased using techniques like artificial insemination that is
performed mainly on cattle.
The companion animal segment, on
the other hand, has huge potential for showcasing a significant market growth
owing to a rise in the pet ownership and considering pets as members of family
thus increasing the significance of their healthcare.
3. Competitive Landscape:
• Tier 1 players- established companies in
the market with a major market share
• Tier 2 players
• Emerging players which are growing
rapidly
• New Entrants
• Market Ranking Analysis
• New Product Developments
• Collaborations
• Acquisitions
• Expansions
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market
growth
We at FutureWise analyse the
growth prospects of our clients so as to understand its capability of incurring
larger profits, increasing production and expanding its workforce.
We also examine key data-points
like compound annual growth rate (CAGR), return on investment (RoI), consumer
acquisition and consumer retention rate in order to structure an insightful
market research report.
Comments
Post a Comment