The market for veterinary services in Europe experienced significant growth in 2023, particularly in Spain (19.21%), followed by Lithuania (16.47%), and Italy (11.88%). The United Kingdom retains the largest share of production value at 24.17 million euros, followed by Germany and France. Other notable growth rates include Denmark (9.68%) and Portugal (9.67%). The CAGR over the last five years indicates consistent annual growth driven by increasing pet ownership and advancements in veterinary care. Despite some variability, the trends suggest a robust and steadily growing market.
Future trends to watch include:
- Continued technological advancements in veterinary medicine and telemedicine services.
- Rising pet ownership and expenditure on pet healthcare across Europe.
- Increasing awareness and demand for specialized veterinary services such as preventive care and surgical procedures.
- Potential impact of regulatory changes and economic conditions on the veterinary services market.
Top countries in Production Value of Veterinary Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 24.17 | 2023 | +3.14% | +2.25% | View data |
| 2 | 2 Germany | 16.44 | 2023 | +6.28% | +7.1% | View data |
| 3 | 3 France | 16.21 | 2023 | +3.18% | +4.15% | View data |
| 4 | 4 Spain | 7.55 | 2023 | +13.07% | +19.21% | View data |
| 5 | 5 Italy | 5.3 | 2023 | +10.23% | +11.88% | View data |
| 6 | 6 Netherlands | 4.43 | 2023 | +3.28% | +6.19% | View data |
| 7 | 7 Belgium | 3.93 | 2023 | +2.96% | +2.14% | View data |
| 8 | 8 Poland | 3.07 | 2023 | +4.09% | +6.65% | View data |
| 9 | 9 Sweden | 2.87 | 2023 | +4.83% | +6.45% | View data |
| 10 | 10 Switzerland | 2.56 | 2023 | +1.92% | +3.2% | View data |
