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In recent years, the global veterinary medicine market has been growing steadily due to the growing demand for veterinary treatments, products and services. In addition, veterinary medicine is a growing industry where the number of animals being cared for has increased significantly. As a result, the veterinary market reached $99.78 billion in 2018 and is projected to reach $158.75 billion by 2025. There are many steps involved in creating content for your blog post or website – planning the topic you want to cover, researching related topics, making sure you have sources lined up ahead of time and structuring your article to go from point to point flows. Although all of these tasks may seem complicated, in this article you will find out how AI-powered software can make them much easier for you!
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Overview of the veterinary medicine market
It includes the diagnosis, treatment and prevention of diseases and injuries in domestic dogs, horses, pigs and other livestock. The global veterinary market was worth US$97 billion in 2017 with a compound annual growth rate (CAGR) of 2.6%. The global veterinary market is expected to reach US$158 billion by 2025 at a CAGR of 4.3%.
Market share of veterinary medicine
The global market size is expected to grow to US$24,073.09 billion by 2025 at a CAGR of 6.75% over the forecast period. Asia-Pacific is expected to be the largest regional market with a 31.1% share, followed by North America and Europe, which are expected to share 30.9% and 29.8%, respectively.
Analysis of the veterinary medicine industry
Veterinary Medicine market size, share, trends and forecasts are segmented by product type:
– Physical medicine (e.g. bandages, splints etc.)
– Diagnostics and laboratory medicine (e.g. X-ray machines, blood chemical analysis devices, etc.)
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Global demand for veterinarians and veterinary service providers
The veterinary drug market is expected to reach $18 billion by 2025. This market is projected to grow at a CAGR of 4.8% over the forecast period. This is being driven by rising healthcare costs, increasing pet ownership and the need to improve animal welfare.
Optimistic scenario & forecast up to 2025
Risk, Safety and Continuous Improvement.
Issues affecting long-term growth
Veterinary medicine is a healthcare service that has been around for a long time. It offers many solutions including animal health, human and pet health, research, education and outreach. The veterinary market will grow from US$33.1 billion in 2016 to US$60 billion in 2025, driven by increasing demand for an increase in the number of pets and the discovery of new treatments for animals.