Veterinary Services Market Size, Share, Growth Analysis, By Service type(Diagnostic tests, imaging), By Animal type(Companion animals, production animals) - Industry Forecast 2024-2031

Veterinary Services Market  Drivers

• Growing pet health awareness and rising demand for effective medical care are expected to drive growth in the global veterinary services market during the forecast period. For example, the Federation of Indian Animal Protection Organization (FIAPO) has been working to ensure animal welfare in India by collaborating with several animal rights protection organizations and activists. Furthermore, the federation has addressed a wide range of animal welfare issues through public awareness campaigns and lobbying.
• The rising prevalence of various animal diseases, or zoonotic diseases, is also expected to drive the global veterinary services market during the forecast period. Zoonotic diseases, for example, are extremely common in the United States and around the world, according to the Centers for Disease Control and Prevention (CDC). According to scientists, more than six out of every ten known infectious diseases in humans can be transmitted by animals, and three out of every four new or emerging infectious diseases in humans are transmitted by animals.

Veterinary Services Market Restraints

• High cost of veterinary services and a shortage of skilled personnel are expected to stymie the global veterinary services market's growth. The high cost of diagnostic imaging equipment and veterinary drugs has resulted in high veterinary service costs.
• Global veterinary services market is expected to grow slowly due to a lack of awareness in developing or underdeveloped economies. Cats and dogs, for example, are two of the most common household companion animals that can be a direct or indirect source of zoonotic infections.