Spain Veterinary Healthcare Market Size, Share, and COVID-19 Impact Analysis, By Therapeutics (Vaccines, Parasiticides, Anti Infectives, Medicines, and Others), By Diagnostic Center (Animal Hospitals, Veterinary Clinics, and Veterinary Laboratory Testing), By Animal (Dogs & Cats, Horses, Swine, Poultry, and Others), and Spain Veterinary Healthcare Market Insights, Industry Trend, Forecasts to 2033

Spain Veterinary Healthcare Market Insights Forecasts to 2033

• The Spain Veterinary Healthcare Market Size was valued at USD 39.72 Billion in 2023.
• The Spain Veterinary Healthcare Market is growing at a CAGR of 7.65% from 2023 to 2033
• The Spain Veterinary Healthcare Market Size is expected to reach USD 83.05 Billion by 2033

The Spain Veterinary Healthcare Market Size is anticipated to exceed USD 83.05 Billion by 2033, Growing at a CAGR of 7.65% from 2023 to 2033. The rising pet ownership and innovation in animal healthcare are driving the growth of the veterinary healthcare market in the Spain.     

Market Overview

The veterinary healthcare market refers to the industry that provides medical care for animals, such as diagnosis, treatment, and prevention of animal diseases. Veterinary healthcare is the science of diagnosing, treating, and preventing animal diseases. A wide range of services from preventive care to surgery are included in veterinary healthcare. Technological developments in animal healthcare diagnostics, rising government initiatives by the organization, expanding awareness of animal health, and the frequency of zoonotic illnesses are the main factors propelling the veterinary healthcare market. The advancement in veterinary medicine has led to the development of sophisticated diagnostic technologies that enhance the chances for animals and pets to receive curative treatment, thereby escalating the market growth opportunities.

Report Coverage

This research report categorizes the market for the Spain veterinary healthcare market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain veterinary healthcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain veterinary healthcare market.

Driving Factors

The establishment of stringent regulations for pet owners along with the increasing pet ownership are responsible for driving the market demand for veterinary healthcare. The increasing emphasis on animal health and well-being as well as the presence of many laboratories for animal health diagnostics and public health are contributing to driving the market. The Spanish government has implemented a number of measures to enhance veterinarian treatment, such as keeping track of prescription data, promoting pet ownership, and enacting legislation to safeguard adopted animals. These factors are promoting the market.

Restraining Factors

The use of counterfeit medicine and the increased cost of animal testing & veterinary services are challenging the market growth.

Market Segmentation

The Spain veterinary healthcare market share is classified into therapeutics, diagnostic center, and animal.

• The vaccines segment held the largest share of the veterinary healthcare market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Spain veterinary healthcare market is segmented by therapeutics into vaccines, parasiticides, anti infectives, medicines, and others. Among these, the vaccines segment held the largest share of the veterinary healthcare market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segment includes rabies, feline leukemia, and other vaccinations for cats and dogs. The increasing investment in R&D initiatives for introducing novel vaccines and regulatory approvals are propelling the market in the vaccines segment.

• The animal hospitals segment dominated the veterinary healthcare market in 2023 and is anticipated to witness a significant CAGR growth during the forecast period.

The Spain veterinary healthcare market is segmented by diagnostic center into animal hospitals, veterinary clinics, and veterinary laboratory testing. Among these, the animal hospitals segment dominated the veterinary healthcare market in 2023 and is anticipated to witness a significant CAGR growth during the forecast period. Animal hospitals provide a wide range of services to meet different pet health requirements. These services can be divided into several primary categories, including emergency care, surgical procedures, diagnostic services, and preventive care.

• The dogs & cats segment dominates the market with the largest revenue share and is anticipated to grow at a significant CAGR through the predicted timeframe.

The Spain veterinary healthcare market is segmented by animal into dogs & cats, horses, swine, poultry, and others. Among these, the dogs & cats segment dominates the market with the largest revenue share and is anticipated to grow at a significant CAGR through the predicted timeframe. One of the most popular household pets, dogs & cats, are the focus of the veterinary healthcare services, treatments, and products in the dogs and cats category.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Spain veterinary healthcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Zoetis
• Merck
• Merial
• Elanco
• Bayer Animal Health
• Hipra
• Invesa
• Super s Diana
• Ceva Sante Animale
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2022, TheraVet, a pioneering company in the management of osteoarticular diseases in pets, announced the signing of an exclusive distribution agreement with Nuzoa, a leading Spanish company in distributing veterinary products and services.

• In January 2022, York-headquartered veterinary group VetPartners has acquired its first practices in Spain. Praxia, a referral practice specialising in various fields, including cardiology and orthopaedics, based in Elche, Alicante, is the UK-based veterinary group's founding Spanish practice.

Market Segment

This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain veterinary healthcare market based on the below-mentioned segments:

Spain Veterinary Healthcare Market, By Therapeutics

• Vaccines
• Parasiticides
• Anti Infectives
• Medicines
• Others

Spain Veterinary Healthcare Market, By Diagnostic Center  

• Animal Hospitals
• Veterinary Clinics
• Veterinary Laboratory Testing

Spain Veterinary Healthcare Market, By Animal

• Dogs & Cats
• Horses
• Swine
• Poultry
• Others