
Report ID: UCMIR35D2236
SkyQuest Technology's U.s. veterinarians market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global U.S. Veterinarians Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
In 2022, the U.S. veterinary industry had a market value of approximately USD 11.92 billion, and it is projected to experience a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. The primary factors driving this growth include the rising population of animals, the adoption of pet insurance, and increased spending on pet welfare. There is an impending surge in the demand for veterinary professionals, as current practitioners approach retirement, even though the annual growth rate of new veterinarians in the U.S. stands at just 2.7%, with approximately 2,600 new graduates from veterinary colleges annually.
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 Services by segment aggregation, the contribution of the Health Care Services 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: UCMIR35D2236
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