Spain Veterinary Healthcare Market Size By Therapeutics, By Diagnostic Center, By Animal And Forecast

Spain Veterinary Healthcare Market Size And Forecast

Spain Veterinary Healthcare Market size was valued at USD 42.79 Billion in 2024 and is projected to reach USD 77.75 Billion by 2031, growing at a CAGR of 7.75% during the forecast period 2024-2031.

Growing concern to provide better healthcare facilities to personal pets coupled with the initiative from Governments for increasing concern among pet owners is the key driver for the market. The Spain Veterinary Healthcare Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Spain Veterinary Healthcare Market Definition

According to the 2018 report of the Spanish Network for the Identification of Pets, there were 13 Million Pets of which 93% were Dogs and 6% were Cats in Spain. The rest 1% were mostly rabbits. The role of Veterinary medicines is to diagnose, treat and prevent the recurrence of the disease inside the animals. A country with a stable economy is expected to have better Healthcare facilities for pets. Veterinary services in Spain provide healthcare facilities for animals in zoos, pets. farm animals and wild lives.

Spain Veterinary Healthcare Market Overview

Anisakiasis is a chronic disease that is spread from fishes. People were infected with Anisakiasis which came from raw or uncooked dishes. Besides this people were infected by animals through multiple diseases like salmonellosis, tularensis, murine typhus, monkeypox, the cutaneous larvae, and the HLCV. This increased the concern inside the people of the country. This growing concern was the most important reason behind the development of the industry. There was a growing concern about Zoonotic disease in Spain. So, people moved more towards animal protection.

There was a growing concern about the increase in the own production of farm products like eggs, milk, meat, etc. These two factors combined increased Veterinary healthcare in Spain. As a result, the revenue from this sector increased. There was a growing initiative from the Government to improve Veterinary healthcare in Spain. In 2018, Spain Government launched campaigns for increasing the responsibility on Pet Ownership. These campaigns boosted the market greatly. It increased the awareness among the pet owner.

This acted as another important market driver. Spain was recovering from the economic crisis. The unemployment was high and automatically consumer spending reduced. That is why animal adoption has been lowered. It is one of the Industry restraints which caused the industry to face a downturn between 2016 to 2020. However, the Government initiatives coupled with the rise in the concern about diseases from pets made a good opportunity for this sector.

Spain Veterinary Healthcare MarketSegmentation Analysis

The Spain Veterinary Healthcare Market is segmented based on Therapeutics, Diagnostic Center, and Animal.

Spain Veterinary Healthcare Market, By Therapeutics

• Vaccines• Parasiticides• Anti Infectives• Medicines• Others

Based on Therapeutics, the market is segmented into Vaccines, Parasiticides, Anti Infectives, Medicines, and Others. Among the three, Vaccines have the highest market share. Approximately, $340 Million is the market share for Vaccines. The second big market is for the Parasiticides who has an estimated $75 Million in 2020. The increased risk of infections is the primary reason behind the increase in the Vaccination drive. On the other hand, increasing focus on Animal Health is the reason behind the rise in Medicines.

Spain Veterinary Healthcare Market, By Diagnostic Center

• Animal Hospitals• Veterinary Clinics• Veterinary Laboratory Testing

Based on Diagnostic Center, the market is segmented into Animal Hospitals, Veterinary Clinics, and Veterinary Laboratory Testing. Animal Hospitals are surgical facilities for Animals. Veterinary surgeries include Orthopedics surgery, soft tissue surgery, and neurosurgery. Veterinary Clinics are for normal diagnostics by licensed practitioners. The market share of the Veterinary clinics is much more than the Hospitals which are very low in number.

Spain Veterinary Healthcare Market, By Animal

• Dogs and Cats• Horses• Swine• Poultry• Others

Based on Animal, the market is segmented into Dogs and Cats, Horses, Swine, Poultry, and Others. Among the Animals, Dogs and Cats are the highest in number. According to the Spanish Network for the Identification of Pets, there were 13 Million Pets of which 93% were Dogs and 6% were Cats in Spain. this is because of the propensity of the general population for keeping pets.

Key Players

The “Spain Veterinary Healthcare Market” study report will provide valuable insight with an emphasis on the market. The major players are Zoetis, Merck, Merial, Elanco, Bayer Animal Health, Hipra, Invesa, Super s Diana, and Ceva Sante Animale. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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