The global Veterinary Services market is estimated to be worth c.$148.8 billion in 2024 and is expected to grow at a CAGR of 6.9% to reach c.$194.3 billion by 2028 [1].
A number of market drivers are setting the scene for further consolidation activity, despite greater oversight from regulatory bodies both in the UK and internationally. As the sector continues to be transformed by groundbreaking advancements in tech-enabled veterinary care, this will underpin further dealmaking in the near term.
Key growth factors include:
- Rising pet ownership increasing demand for veterinary care: In the US (70%), UK (60%) and Europe (nearly 50%) of households’ own pets, with covid-19 lockdowns increasing uptake[2].
- Increased Spending on Pet Care: Working from home has led to owners spending more time with their pets, leading to increased spending on products and veterinary services to extend lifespans.
- Technological Advancements in Veterinary Medicine: Technologies used in human healthcare, such as MRI, wearable devices, AI diagnostics and record management are now being adopted.
- Rising veterinary costs prompts pet insurance growth: North America saw 16.7% annual growth in pet insurance, with 6.3 million insured pets in 2023, whilst the global pet insurance remains untapped and offers significant growth potential[3].
With regulatory bodies focusing on market consolidation, numerous opportunities are still emerging in this still highly fragmented market.
To learn more about the key M&A trends taking shape this year in the Veterinary space, read our latest paper.
DOWNLOAD THE FULL PAPER
If you would like to know more about the Veterinary M&A landscape after reading this paper, or have any other questions on the wider healthcare space, please do get in touch - asultan@alvarezandmarsal.com. We would be delighted to discuss this report with you, including any implications these current and longer-term market themes may have on your business and overall shareholder objectives.
Sources:
[1] The BRC – Global Veterinary Services Market Report 2024
[2] IBISWorld – Veterinary Services Market Report 2024
[3] North American Pet Health Insurance Association Market Report 2024
The Evolving MedTech M&A Landscape: Key Drivers and Future Outlook--TEST
February 10, 2025
The MedTech sector is experiencing a dynamic shift as mergers and acquisitions (M&A) continue to reshape the industry. With evolving technological advancements, regulatory updates, and shifting market priorities, companies are leveraging strategic acquisitions to drive growth and maintain competitive advantages. Understanding these factors is essential for MedTech leaders aiming to capitalize on emerging opportunities in 2024 and beyond.
Putting it all together: flexible and innovative financing for a consumer centric renewable energy transition
November 28, 2024
As the EU charges ahead with its ambitious renewable energy targets under the REPowerEU plan, the challenge lies in turning large-scale goals into actionable solutions. Decentralized energy production through home solar panels and heat pumps is a step forward, but the question of financing remains critical. While the U.S. has seen success with solar securitization, Europe faces unique hurdles, from fragmented regulation to consumer diversity. Yet, innovative structured credit solutions offer a tailored path forward, enabling businesses to scale sustainably and unlock new opportunities in green energy financing. Discover how Alvarez & Marsal can guide you through this evolving landscape.
THE OCCUPATIONAL HEALTH M&A MARKET
November 18, 2024
According to the Institute of Public Policy Research, presenteeism, or working whilst sick, cost the UK economy £25bn in 2023, whilst absenteeism cost an additional £5bn. To address these challenges, many workplaces now emphasise proactive, value-added services for employee wellbeing and performance, delivered both on-site and online. This shift has spurred growth in the Occupational Health market, attracting significant interest from financial investors and strategic acquirers.
Alvarez & Marsal hires Tech M&A Managing Director
November 14, 2024
London, 4 November 2024 – Leading global professional services firm Alvarez & Marsal (A&M) continues to strengthen its Corporate Finance practice in the UK with the appointment of Ian Birch as a Managing Director in Birmingham. At A&M, he will build out the practice’s technology M&A capability across Europe.
