In 2023, the Czech Republic led with 4 young high-growth enterprises in veterinary services among the countries analyzed, followed by Hungary, Lithuania, and Portugal with 3 each, and Latvia with 2. Year-on-year, both Hungary and Lithuania exhibited significant growth of 24.57%, while Portugal showed modest growth at 8.45%. The Czech Republic and Latvia experienced no change. Over the past five years, the average annual growth rate, or CAGR, highlights Hungary and Lithuania's progressive expansion in fostering gazelles in the veterinary sector.
Future trends to watch include:
- Potential increases in the number of gazelles in countries showing high growth momentum, like Hungary and Lithuania.
- Policy changes or incentives in the veterinary service sector that could impact the growth of young enterprises.
- Technological advancements that may drive growth and foster high-growth enterprises in less represented countries, such as Latvia.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Veterinary Services by Country
| # | 5 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 4 | 2023 | +33.33% | View data | |
| 2 | 2 Hungary | 3 | 2023 | 0% | +24.57% | View data |
| 3 | 3 Lithuania | 3 | 2023 | +50% | +24.57% | View data |
| 4 | 4 Portugal | 3 | 2023 | +50% | +8.45% | View data |
| 5 | 5 Latvia | 2 | 2023 | +100% | View data |
