The veterinary services sector in Germany is projected to see a steady increase in the number of enterprises from 2024 to 2028. In 2023, actual figures stood at approximately 11,060 enterprises. The year-on-year growth from 2023 to 2024 is expected to be around 1.18%, continuing with similar improvements up to 2028. The average annual growth rate (CAGR) for this period is anticipated to be around 1.25%. This indicates a moderate yet consistent upward trend in the number of enterprises in the sector.
Future trends to watch for include technological advancements in veterinary care, the increasing demand for pet healthcare services, and the potential consolidation within the industry which could influence the number of smaller independent enterprises. Additionally, shifting regulations and consumer awareness regarding animal welfare and biotechnology may also impact market dynamics.
