Veterinary Hospitals Market Segment Overview, Analysis and Forecast to 2032
FMI just issued an industry analysis study on the Veterinary Hospitals Market . According to their results, global Veterinary Hospital sales will reach roughly US$ 74.9 billion in 2022, with a 6.2% expected market growth rate between 2022 and 2032, which is much higher than the historical average. From 2022 to 2032, private veterinary hospital applications are predicted to generate the most revenue, with a potential absolute dollar opportunity of around US$ 39.9 billion. The growing demand for meat and milk products, as well as the growing trend of pet ownership, have fueled the growth of the Veterinary Hospitals Market. Over 98 million dogs are kept as pets in the United States alone, with pets residing in approximately 68% of American households. Furthermore, pet ownership has surged by 56% in the United States since 1988. Pets require veterinarian care not only for emergency situations, but also for immunisations, neutering, and other treatments. This spike in pet culture has led in...