Market Research Reports - Ken Research Veterinary Healthcare Global Market Report | Page 2

around animal health and they are well encouraged to take their pets to the veterinary doctor
at veterinary health center at regular intervals. With the continuation of concern building
among people, the global veterinary healthcare market is sure to register huge amounts of
revenue and thus relish success in the coming future.
Also, it has been noticed that a rise in the ownership of animals in the recent past has been one
of the significant drivers for this market. Dogs have remained the most popular type of pet with
almost two in five households owning a dog and the cats have been the next most common
type of pet with nearly three in 10 households owning a cat. The reasons behind an
augmentation in this trend for animal ownership have been witnessed as - mushrooming needs
for companionship & entertainment coupled with significantly rising disposable incomes over
the years. Even, the advancing popularity of participation of animals in sports like racing, one-
on-one and team events, hunting, and fighting has further plunged the need for optimally
performing animals in such sports, which again spurs the demand for ameliorated animal health
care services.
Lately, the pet insurance industry has started providing new product lines for veterinary
services in the developed markets. Such an insurance cover is expected to aid the pet owners
by discovering a variety of treatment options available, ultimately ensuring better healthcare of
animals.
The global animal healthcare market is foreseen to expand to about USD 32.04 billion by 2022
due to propelling demand for veterinary diagnostics, amplifying expenditure on animal health
and pet insurance, high adoption of pets and increasing number of vet practitioners around the
world in the years to come. Therefore, the veterinary healthcare services market on a whole is
all set to proliferate in the future years through such positive demand drivers.
Key topics covered in this report:
Veterinary Healthcare Global Market Research Repo