The turnover of veterinary services in Spain has shown a robust growth trajectory from 2013 to 2023. Starting at 683.2 million euros in 2013, the turnover has reached 2150.0 million euros in 2023. This represents significant annual growth rates, with notable spikes observed in 2015 (25.31%) and 2019 (23.65%). Over the last two years, the year-on-year growth has somewhat stabilized at around 9-10%. The compound annual growth rate (CAGR) for the last five years stands at 13.09%, indicating consistent and strong market expansion.

Looking ahead, the forecast period from 2024 to 2028 depicts continued growth, albeit at a slower pace with a 5-year CAGR forecasted at 5.44%. The future trend indicates increasing turnover, expected to reach 3040.0 million euros by 2028, outlining a 30.32% growth over this period.

Future trends to watch for include:

Technological advancements in veterinary care, including telemedicine and precision treatments.
Increasing pet ownership and expenditure on pet health and wellness.
Potential regulatory changes impacting veterinary practices and services.
Growth in specialized veterinary services and pet insurance uptake.