The 2024 data shows that Hungary leads with 34.76% of high-growth enterprises in veterinary services in Europe, representing a significant increase from 2023 where it had a year-on-year growth of 27.38%. Portugal follows at 24.39%, showing consistent expansion over the years. Romania and the Czech Republic also demonstrate notable shares at 12.2% and 9.76%, respectively, with Romania having one of the highest growth rates in 2023 at 17.32%. Lithuania, Norway, and Latvia have modest shares, while Italy, Iceland, and Slovakia contribute the least, with no growth for several countries observed in the year 2023.
Future trends to watch include the potential for continued growth in Eastern European countries, as they have been catching up. Investment in animal healthcare and export-driven demand might spur future enterprises. Additionally, technology integration, such as telemedicine for animals, could influence growth dynamics, especially in smaller markets like Iceland and Latvia.
Top countries in Number of High Growth Enterprises in Veterinary Services Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 34.76 | 2023 | +11.76% | +27.38% | View data |
| 2 | 2 Portugal | 24.39 | 2023 | +8.11% | +11.7% | View data |
| 3 | 3 Romania | 12.2 | 2023 | +11.11% | +17.32% | View data |
| 4 | 4 Czech Republic | 9.76 | 2023 | +6.67% | +9.86% | View data |
| 5 | 5 Lithuania | 6.1 | 2023 | +11.11% | +5.74% | View data |
| 6 | 6 Norway | 3.05 | 2023 | +25% | +10.76% | View data |
| 7 | 7 Latvia | 1.83 | 2023 | 0% | 0% | View data |
| 8 | 8 Italy | 1.83 | 2023 | +50% | View data | |
| 9 | 9 Iceland | 1.83 | 2023 | 0% | +8.45% | View data |
| 10 | 10 Slovakia | 0.61 | 2023 | 0% | 0% | View data |
