III. Industry Analysis
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Just like humans, animals are susceptible to injuries, disease, and other problems. Therefore, they need specialized professionals that can help them get treated or prevent these issues altogether. Veterinarians are the doctors of the animal world and are the primary reason why we get to enjoy our animal friends for as long as we possibly can.
Veterinarians treat a wide range of animals, including dogs, cats, snakes, domestic birds, horses, and more. They provide a variety of services for these animals including wellness checks, vaccinations, microchipping, diagnostic services, and surgeries. These are all essential services that extend the lifespan of our animal friends as well as improve their quality of life.
According to Grand View Research, the veterinarian industry was valued at $11.03 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from now until 2030. This is substantial growth and shows just how important this industry is for the domestic animal kingdom. Therefore, veterinarians will continue to thrive, making this a great time to start a new veterinary clinic.