In 2023, the production value of veterinary services in Switzerland was recorded at 690 million Euros. From 2024 onwards, the industry is expected to experience incremental growth. The forecasted production values are 703.1 million Euros in 2024, 714.0 million Euros in 2025, 724.0 million Euros in 2026, 733.2 million Euros in 2027, and 741.6 million Euros in 2028.
The year-on-year variations indicate a steady growth trend:
- From 2024 to 2025: 1.55%
- From 2025 to 2026: 1.40%
- From 2026 to 2027: 1.27%
- From 2027 to 2028: 1.15%
The compound annual growth rate (CAGR) from 2023 to 2028 is 1.43%. Over the last few years, the industry has been witnessing a consistent increase, showcasing stable demand and investment in veterinary services.
Future trends to watch for include technological advancements in veterinary care, rising pet ownership, and increased awareness regarding animal health. Stakeholders should also keep an eye on economic conditions, regulatory changes, and potential shifts in consumer behavior that could impact the market dynamics over the forecast period.
