The Business
Research Company’s latest report Veterinary Healthcare Global Market Report
2020 covers Veterinary Healthcare market drivers, Veterinary Healthcare market
trends, Veterinary Healthcare market segments, Veterinary Healthcare market
growth rate, Veterinary Healthcare market major players, and Veterinary
Healthcare market size. The report provides in-depth analysis of the impact of
COVID-19 on the Veterinary Healthcare industry, along with revised market
numbers due to the effects of the coronavirus.
View Complete Report:
Veterinary
Healthcare Global Market Report 2020 is the most comprehensive report available
on this market and will help gain a truly global perspective as it covers 60
geographies. The chapter on the impact of COVID-19 gives valuable insights on
supply chain disruptions, logistical challenges, and other economic
implications of the virus on the market. The chapter also covers markets which
have been positively affected by the pandemic.
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The global veterinary healthcare market is
expected to decline from $150.7 billion in 2019 to $119 billion in 2020 at a
compound annual growth rate (CAGR) of -21.1%. The decline is mainly due to
COVID-19 outbreak and the lockdown measures to contain it. Several veterinary
care facilities in affected countries have been completely closed or have been
only providing minimal treatment for emergency cases. There is also a worldwide
demand and supply issue due to an inadequate production of veterinary care
devices because of the restrictions imposed by governments of various countries
to shutdown factories, or function with minimal staffing to contain the spread
of virus and keep the staff safe. The market is then expected to recover and
grow at a CAGR of 6% from 2021 and reach $186.7 billion in 2023.
The report covers the Veterinary
Healthcare market’s segments-
1) By Type: Veterinary Services, Veterinary
Medical Equipment, Animal Medicine.
2) By Type Of Animal: Livestock, Companion
Animals.
Subsegments Covered: Animal Hospitals And
Veterinary Clinics, Veterinary Laboratory Testing Services, Veterinary
Diagnostic Equipment, Veterinary Anesthesia Equipment, Veterinary Patient
Monitoring Equipment, Other Veterinary Medical Equipment, Veterinary
Pharmaceuticals, Feed Additives.
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