
Report ID: UCMIG35E2035
Report ID:
UCMIG35E2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global pet services market reached a valuation of USD 23.0 billion in 2021. This market encompasses a wide range of services dedicated to the well-being and care of pets, including grooming, boarding, training, pet sitting, and veterinary services. The market's growth can be attributed to the increasing pet ownership rates, the growing humanization of pets, and the rising awareness about the importance of providing high-quality care and services for pets.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Facilities by segment aggregation, the contribution of the Health Care Facilities in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35E2035