The production value of veterinary services in the Netherlands has experienced a steady increase from 2013 to 2023, reaching 1,210.0 million Euros in 2023. The industry showcased a consistent growth pattern with some annual fluctuations. From 2021 to 2023, the year-on-year variation was 2.62%, 3.41%, and 3.28%, respectively. Over the last five years, the compound annual growth rate (CAGR) was 6.19%. The forecasted data from 2024 to 2028 indicates a more moderate growth trend with an expected annual growth rate of 2.31%, leading to an overall increase of 12.09% over the next five years.
Future trends to watch for in the veterinary services sector include technological advancements in veterinary care, increasing pet ownership, and heightened awareness regarding animal health and welfare. These factors are likely to drive demand and foster further growth in the industry.
