The Veterinary Wellness Market is expected to register a CAGR of 8% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.
Veterinary Wellness Market report covers analysis by Animal Type into Poultry, Canine, Feline, Bovine, Equine, Others. Service Type analyzed as Infectious Disease, Dental Care, Pain Management, Aesthetic Care, Pain Management, Others. Service Provider analyzed include Veterinary Hospitals, Veterinary Clinics, and Research Institutes, This report covers regional insights based on North America, Europe, Asia Pacific, and South and Central America. The market evaluation is presented in US$ for all segmental analyses.
Purpose of the ReportThe report Veterinary Wellness Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Veterinary Wellness Market Segmentation
Animal Type- Poultry
- Canine
- Feline
- Bovine
- Equine
- Infectious Disease
- Dental Care
- Pain Management
- Aesthetic Care
- Pain Management
- Veterinary Hospitals
- Veterinary Clinics
- Research Institutes
Strategic Insights
Veterinary Wellness Market Growth Drivers- Pet Ownership and the Humanization of Pets:
As pet ownership trends are continuously rising around the world, the veterinary wellness market has gained traction. You see, as more and more people take family pets into their homes, especially dogs and cats, demand for comprehensive veterinary services has increased. In many households, pets are considered family members, and this has led to increased expenditure on their health and wellness. In the search for long and quality life for their pets, pet owners are adopting why-gratification measures rather than the previous wait-and-see approach. Somehow, owners now prefer favorable approaches in health, such as regular check-ups, vaccinations, wellness plans, and nutrition supplements. Among developed economies like North America and Europe, it has developed into a major provider of demand in the veterinary wellness services' market.
- Technological Progress in Veterinary Care: Technological developments that are transforming the veterinary wellness market are gaining more and more attention. Adoption of telemedicine, diagnostic imaging technologies, electronic health records, and wearable health-monitoring devices are changing the delivery of veterinary care. Through telehealth services, veterinarians may carry out virtual consultations, which are especially useful for routine wellness check-ups or for pet owners in remote areas. Diagnostic tools, including portable ultrasound, digital X-rays, and lab-on-a-chip devices, allow veterinarians to make accurate and timely diagnoses. Wearable devices that monitor pets' activity levels, heart rate, and overall behavior have also gained great popularity. Such data are some of the Turing geatest importance This would significantly help in real time animal health monitoring with a broad potential market growth.
- Rising Awareness About Preventive Care: The focus on preventive care for veterinary medicine is on the rise, evolving from curing diseases in the long-established treatment method to actively preventing the guest from appearing. Preventive wellness services-that is, routine health check-ups, vaccinations, parasite control, dental care, and nutritional counseling-are gaining grounds among the owners. Currently, the idea of keeping pets healthy before diseases set in is gaining maximum acceptance among pet owners. Wellness packages, which provide routine health checks and screenings, are an interesting development by veterinary clinics. These packages could include blood tests, vaccinations, parasite controls, and physical exams. There is growing recognition that preventive care reduces long-term medical costs because it detects health problems at an early stage; therefore, it leads to longer, healthier lives. As a result, preventive care has now become an indispensable pillar of the veterinary wellness market.
- Rise in Pet Insurance and Wellness Plan: As pet insurance becomes more popular, it all but guarantees that the pet wellness market will continue to grow. Pet owners are increasingly purchasing pet insurance that provides cover for timed emergencies or routine preventative measures. As insurance policies include areas such as wellness check-ups, vaccinations, and routine health monitoring, this will create more demands for veterinary services. Pet wellness plans have a structure similar to human health insurance. These plans provide an affordable means for pet owners to ensure complete care for their cats and dogs. Veterinary services are rendered affordable by covering regular check-ups, vaccinations, diagnostic tests, and dental care, among other pet wellness programs. As such plans are fast gaining popularity, it is reshaping the veterinary wellness market, with the insurance providers partnering with veterinary clinics to come up with customized plans suitable for pet owners.
- Trend Towards Holistic and Alternative Veterinary Care:
As pet owners become increasingly aware of their pets' overall well-being, there has been a gradual tilt towards holistic and alternative therapies in the veterinary wellness sector. Pet owners are keen on seeking natural and non-invasive treatments for their pets, including acupuncture, chiropractic care, massage therapy, aromatherapy, and herbal medicine. These therapies are usually an adjunct or enhancement to traditional veterinary care rather than a substitute and aim to promote overall health, pain control, and reduce anxiety. The rise in demand for holistic care is further backed by veterinary clinics established in the field of integrative or alternative medicine. In addition, the food and supplements companies for pets have produced other health-care products based entirely on natural ingredients, thus contributing immensely to a holistic approach in pet care. - Veterinary Wellness for Exotic Pets: The growing popularity of exotic pets, including birds, reptiles, and small mammals, is an untapped opportunity in the veterinary wellness market. Exotic pets require specialized care, including nutrition, disease prevention, and behavioral assessments, all of which contribute to their overall wellness. Veterinary practices offering services tailored to exotic pets can capitalize on this growing market by providing routine wellness check-ups, preventive care, and treatment for exotic pet diseases. As pet owners increasingly seek specialized care for their exotic pets, this market segment will continue to expand, presenting new opportunities for veterinary service providers.
- Expansion of Veterinary Telemedicine: The expansion of veterinary telemedicine presents a significant opportunity in the veterinary wellness market. The demand for virtual consultations has increased as pet owners seek convenient and cost-effective ways to monitor their pets’ health. Telemedicine allows veterinarians to assess a pet’s condition remotely, offer advice on preventive care, and even monitor ongoing health issues through digital platforms. The COVID-19 pandemic accelerated the adoption of telemedicine in veterinary care, and this trend is expected to continue in the future. Veterinary clinics can now offer follow-up consultations, routine wellness exams, and advice on minor health issues without requiring in-person visits. This market segment offers a lucrative opportunity for veterinary practices to expand their services and improve client accessibility, particularly in rural or underserved areas.
- Veterinary Wellness for Livestock Health: While much of the veterinary wellness market focuses on companion animals, there is also a significant opportunity in the livestock sector. As demand for sustainable, ethical farming practices rises, there is an increasing emphasis on the health and well-being of livestock. Veterinary wellness services for farm animals focus on preventive care, including vaccinations, parasite control, and nutrition management. Healthy livestock are essential for increasing agricultural productivity, ensuring food safety, and maintaining ethical standards in animal farming. Companies that provide veterinary wellness services, such as herd health management programs, disease prevention strategies, and nutritional consultations, stand to benefit from the growing global focus on animal welfare in agriculture.
- Growing Demand for Pet Nutritional Products: The demand for high-quality, specialized pet food and nutritional supplements is increasing in the veterinary wellness market. Pet owners are becoming more aware of the role nutrition plays in maintaining their pets' health, particularly in the prevention of obesity, joint issues, and other chronic conditions. Pet food manufacturers are responding to this demand by offering premium products that cater to specific health needs, such as weight management, digestive health, and skin conditions. Moreover, dietary supplements that support immune function, joint health, and overall vitality are gaining popularity. Veterinary clinics and wellness centers are increasingly recommending tailored diets and supplements as part of comprehensive wellness plans for pets. The growing awareness of the link between nutrition and health offers significant opportunities for product manufacturers and veterinary service providers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Veterinary Wellness Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Veterinary Wellness Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Veterinary Wellness Market is expected to register a CAGR of 8% from 2025-2031.
The major driving factors supporting the Veterinary Wellness Market growth are- Pet Ownership and the Humanization of Pets and Technological Progress in Veterinary Care
Key Future Trends in the Veterinary Wellness Market are- Rise in Pet Insurance and Wellness Plan and Trend Towards Holistic and Alternative Veterinary Care
Key companies in the Veterinary Wellness Market are - Zoetis, Veterinary Wellness Center of Green, Veterinary Care Plans, Elanco, Merck and Co., Inc. (Intervet Inc.), Wellness Veterinary Clinic, Pitts Veterinary Hospital, Mars, Incorporated, PetiQ, LLC, Mariposa Veterinary Wellness Center
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Veterinary Wellness Market - By Animal Type
1.3.2 Veterinary Wellness Market - By Service Type
1.3.3 Veterinary Wellness Market - By Service Provider
1.3.4 Veterinary Wellness Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VETERINARY WELLNESS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VETERINARY WELLNESS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VETERINARY WELLNESS MARKET - GLOBAL MARKET ANALYSIS
6.1. VETERINARY WELLNESS - GLOBAL MARKET OVERVIEW
6.2. VETERINARY WELLNESS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VETERINARY WELLNESS MARKET - REVENUE AND FORECASTS TO 2028 - ANIMAL TYPE
7.1. OVERVIEW
7.2. ANIMAL TYPE MARKET FORECASTS AND ANALYSIS
7.3. POULTRY
7.3.1. Overview
7.3.2. Poultry Market Forecast and Analysis
7.4. CANINE
7.4.1. Overview
7.4.2. Canine Market Forecast and Analysis
7.5. FELINE
7.5.1. Overview
7.5.2. Feline Market Forecast and Analysis
7.6. BOVINE
7.6.1. Overview
7.6.2. Bovine Market Forecast and Analysis
7.7. EQUINE
7.7.1. Overview
7.7.2. Equine Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. VETERINARY WELLNESS MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
8.1. OVERVIEW
8.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
8.3. INFECTIOUS DISEASE
8.3.1. Overview
8.3.2. Infectious Disease Market Forecast and Analysis
8.4. DENTAL CARE
8.4.1. Overview
8.4.2. Dental Care Market Forecast and Analysis
8.5. PAIN MANAGEMENT
8.5.1. Overview
8.5.2. Pain Management Market Forecast and Analysis
8.6. AESTHETIC CARE
8.6.1. Overview
8.6.2. Aesthetic Care Market Forecast and Analysis
8.7. PAIN MANAGEMENT
8.7.1. Overview
8.7.2. Pain Management Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. VETERINARY WELLNESS MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE PROVIDER
9.1. OVERVIEW
9.2. SERVICE PROVIDER MARKET FORECASTS AND ANALYSIS
9.3. VETERINARY HOSPITALS
9.3.1. Overview
9.3.2. Veterinary Hospitals Market Forecast and Analysis
9.4. VETERINARY CLINICS
9.4.1. Overview
9.4.2. Veterinary Clinics Market Forecast and Analysis
9.5. RESEARCH INSTITUTES
9.5.1. Overview
9.5.2. Research Institutes Market Forecast and Analysis
10. VETERINARY WELLNESS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Veterinary Wellness Market Overview
10.1.2 North America Veterinary Wellness Market Forecasts and Analysis
10.1.3 North America Veterinary Wellness Market Forecasts and Analysis - By Animal Type
10.1.4 North America Veterinary Wellness Market Forecasts and Analysis - By Service Type
10.1.5 North America Veterinary Wellness Market Forecasts and Analysis - By Service Provider
10.1.6 North America Veterinary Wellness Market Forecasts and Analysis - By Countries
10.1.6.1 United States Veterinary Wellness Market
10.1.6.1.1 United States Veterinary Wellness Market by Animal Type
10.1.6.1.2 United States Veterinary Wellness Market by Service Type
10.1.6.1.3 United States Veterinary Wellness Market by Service Provider
10.1.6.2 Canada Veterinary Wellness Market
10.1.6.2.1 Canada Veterinary Wellness Market by Animal Type
10.1.6.2.2 Canada Veterinary Wellness Market by Service Type
10.1.6.2.3 Canada Veterinary Wellness Market by Service Provider
10.1.6.3 Mexico Veterinary Wellness Market
10.1.6.3.1 Mexico Veterinary Wellness Market by Animal Type
10.1.6.3.2 Mexico Veterinary Wellness Market by Service Type
10.1.6.3.3 Mexico Veterinary Wellness Market by Service Provider
10.2. EUROPE
10.2.1 Europe Veterinary Wellness Market Overview
10.2.2 Europe Veterinary Wellness Market Forecasts and Analysis
10.2.3 Europe Veterinary Wellness Market Forecasts and Analysis - By Animal Type
10.2.4 Europe Veterinary Wellness Market Forecasts and Analysis - By Service Type
10.2.5 Europe Veterinary Wellness Market Forecasts and Analysis - By Service Provider
10.2.6 Europe Veterinary Wellness Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Veterinary Wellness Market
10.2.6.1.1 Germany Veterinary Wellness Market by Animal Type
10.2.6.1.2 Germany Veterinary Wellness Market by Service Type
10.2.6.1.3 Germany Veterinary Wellness Market by Service Provider
10.2.6.2 France Veterinary Wellness Market
10.2.6.2.1 France Veterinary Wellness Market by Animal Type
10.2.6.2.2 France Veterinary Wellness Market by Service Type
10.2.6.2.3 France Veterinary Wellness Market by Service Provider
10.2.6.3 Italy Veterinary Wellness Market
10.2.6.3.1 Italy Veterinary Wellness Market by Animal Type
10.2.6.3.2 Italy Veterinary Wellness Market by Service Type
10.2.6.3.3 Italy Veterinary Wellness Market by Service Provider
10.2.6.4 Spain Veterinary Wellness Market
10.2.6.4.1 Spain Veterinary Wellness Market by Animal Type
10.2.6.4.2 Spain Veterinary Wellness Market by Service Type
10.2.6.4.3 Spain Veterinary Wellness Market by Service Provider
10.2.6.5 United Kingdom Veterinary Wellness Market
10.2.6.5.1 United Kingdom Veterinary Wellness Market by Animal Type
10.2.6.5.2 United Kingdom Veterinary Wellness Market by Service Type
10.2.6.5.3 United Kingdom Veterinary Wellness Market by Service Provider
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Veterinary Wellness Market Overview
10.3.2 Asia-Pacific Veterinary Wellness Market Forecasts and Analysis
10.3.3 Asia-Pacific Veterinary Wellness Market Forecasts and Analysis - By Animal Type
10.3.4 Asia-Pacific Veterinary Wellness Market Forecasts and Analysis - By Service Type
10.3.5 Asia-Pacific Veterinary Wellness Market Forecasts and Analysis - By Service Provider
10.3.6 Asia-Pacific Veterinary Wellness Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Veterinary Wellness Market
10.3.6.1.1 Australia Veterinary Wellness Market by Animal Type
10.3.6.1.2 Australia Veterinary Wellness Market by Service Type
10.3.6.1.3 Australia Veterinary Wellness Market by Service Provider
10.3.6.2 China Veterinary Wellness Market
10.3.6.2.1 China Veterinary Wellness Market by Animal Type
10.3.6.2.2 China Veterinary Wellness Market by Service Type
10.3.6.2.3 China Veterinary Wellness Market by Service Provider
10.3.6.3 India Veterinary Wellness Market
10.3.6.3.1 India Veterinary Wellness Market by Animal Type
10.3.6.3.2 India Veterinary Wellness Market by Service Type
10.3.6.3.3 India Veterinary Wellness Market by Service Provider
10.3.6.4 Japan Veterinary Wellness Market
10.3.6.4.1 Japan Veterinary Wellness Market by Animal Type
10.3.6.4.2 Japan Veterinary Wellness Market by Service Type
10.3.6.4.3 Japan Veterinary Wellness Market by Service Provider
10.3.6.5 South Korea Veterinary Wellness Market
10.3.6.5.1 South Korea Veterinary Wellness Market by Animal Type
10.3.6.5.2 South Korea Veterinary Wellness Market by Service Type
10.3.6.5.3 South Korea Veterinary Wellness Market by Service Provider
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Veterinary Wellness Market Overview
10.4.2 Middle East and Africa Veterinary Wellness Market Forecasts and Analysis
10.4.3 Middle East and Africa Veterinary Wellness Market Forecasts and Analysis - By Animal Type
10.4.4 Middle East and Africa Veterinary Wellness Market Forecasts and Analysis - By Service Type
10.4.5 Middle East and Africa Veterinary Wellness Market Forecasts and Analysis - By Service Provider
10.4.6 Middle East and Africa Veterinary Wellness Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Veterinary Wellness Market
10.4.6.1.1 South Africa Veterinary Wellness Market by Animal Type
10.4.6.1.2 South Africa Veterinary Wellness Market by Service Type
10.4.6.1.3 South Africa Veterinary Wellness Market by Service Provider
10.4.6.2 Saudi Arabia Veterinary Wellness Market
10.4.6.2.1 Saudi Arabia Veterinary Wellness Market by Animal Type
10.4.6.2.2 Saudi Arabia Veterinary Wellness Market by Service Type
10.4.6.2.3 Saudi Arabia Veterinary Wellness Market by Service Provider
10.4.6.3 U.A.E Veterinary Wellness Market
10.4.6.3.1 U.A.E Veterinary Wellness Market by Animal Type
10.4.6.3.2 U.A.E Veterinary Wellness Market by Service Type
10.4.6.3.3 U.A.E Veterinary Wellness Market by Service Provider
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Veterinary Wellness Market Overview
10.5.2 South and Central America Veterinary Wellness Market Forecasts and Analysis
10.5.3 South and Central America Veterinary Wellness Market Forecasts and Analysis - By Animal Type
10.5.4 South and Central America Veterinary Wellness Market Forecasts and Analysis - By Service Type
10.5.5 South and Central America Veterinary Wellness Market Forecasts and Analysis - By Service Provider
10.5.6 South and Central America Veterinary Wellness Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Veterinary Wellness Market
10.5.6.1.1 Brazil Veterinary Wellness Market by Animal Type
10.5.6.1.2 Brazil Veterinary Wellness Market by Service Type
10.5.6.1.3 Brazil Veterinary Wellness Market by Service Provider
10.5.6.2 Argentina Veterinary Wellness Market
10.5.6.2.1 Argentina Veterinary Wellness Market by Animal Type
10.5.6.2.2 Argentina Veterinary Wellness Market by Service Type
10.5.6.2.3 Argentina Veterinary Wellness Market by Service Provider
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL VETERINARY WELLNESS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Rest of the World
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. VETERINARY WELLNESS MARKET, KEY COMPANY PROFILES
13.1. ZOETIS
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. VETERINARY WELLNESS CENTER OF GREEN
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. VETERINARY CARE PLANS
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ELANCO.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MERCK AND CO., INC. (INTERVET INC.)
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. WELLNESS VETERINARY CLINIC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PITTS VETERINARY HOSPITAL
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MARS, INCORPORATED
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PETIQ, LLC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. MARIPOSA VETERINARY WELLNESS CENTER
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Zoetis
2. Veterinary Wellness Center of Green
3. Veterinary Care Plans
4. Elanco
5. Merck and Co., Inc. (Intervet Inc.)
6. Wellness Veterinary Clinic
7. Pitts Veterinary Hospital
8. Mars, Incorporated
9. PetiQ, LLC
10. Mariposa Veterinary Wellness Center.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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