The turnover of veterinary services in Switzerland in 2023 stood at 684.5 million euros. From 2024 to 2028, it is forecasted to rise progressively from 693.7 million euros to 729.5 million euros. The year-on-year variation shows a consistent annual growth:
-2024: 1.3%
-2025: 1.5%
-2026: 1.3%
-2027: 1.2%
-2028: 1.1%
The compound annual growth rate (CAGR) from 2024 to 2028 averages at approximately 1.3% per year.
Future trends to watch for include advancements in veterinary technology, increasing pet ownership rates, and the rising importance of pet health and wellness. Furthermore, the aging pet population and the growing market for pet insurance are expected to drive demand for veterinary services in the coming years.
