Forecast: Production Value of Veterinary Services in Poland

The production value of veterinary services in Poland showed a fluctuating trend from 2013 to 2023. There was significant growth initially, with a year-on-year increase of 13.06% in 2013. However, the market saw a substantial decline in 2015 and 2016, characterized by double-digit negative growth rates of -20.88% and -14.59%, respectively. Following this period of decline, there was a notable recovery from 2017 onwards, with the value steadily rising, reaching €827.6 million in 2023, reflecting a 4.09% increase from the previous year.

The compounded annual growth rate (CAGR) over the last five years remained moderate at 6.65%, signaling a steady recovery and stabilization in the market. Looking forward from 2024, forecasted data suggests continued growth with a CAGR of 2.93% up to 2028. This indicates a slower but steady upward trajectory in the production value of veterinary services, expected to reach €997.4 million by 2028.

Future trends to watch for include advancements in veterinary technology, increasing pet ownership, and growing awareness of animal health and welfare. These factors are likely to drive further demand for veterinary services and influence market dynamics significantly.

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