The wages and salaries in the veterinary services sector in France have shown a consistent upward trend from 2013 to 2023, reaching 1250 million Euros in 2023. The year-on-year growth rates varied, with a noticeable peak in 2018 at 10.59%. The growth rate, however, gradually declined to 6.87% in 2023. The compound annual growth rate (CAGR) over the past 5 years stands at 8.21%.
Looking forward to the forecasted period from 2024 to 2028, the growth rates are expected to moderate, with a 5-year forecasted CAGR of 4.35%, culminating in a 23.75% increase by 2028.
Key future trends to watch for include advancements in veterinary technologies, shifts in pet ownership demographics, and the evolution of veterinary educational programs, which could influence wage trends in the sector.
