The production value of veterinary services in Denmark has shown substantial growth from 2013 to 2023, rising from €253.1 million to €624.5 million. In the last two years, the sector exhibited a year-on-year growth of 8.7% in 2022 and 7.93% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 9.68%. From 2013 to 2023, the CAGR was positive overall, demonstrating a strengthening market.
Forecasts indicate continued growth, with the production value expected to reach €851.0 million by 2028, reflecting a 4.89% CAGR over the next five years and an overall growth rate of 26.96% by 2028.
Future trends to watch for include:
- Technological advancements in veterinary care.
- Increased pet ownership and livestock health investments.
- Potential regulatory changes impacting the industry.