The risk of zoonotic diseases and rising adoption of pets are the major factors fueling the UK veterinary healthcare market. In the United Kingdom, there were around 8,650,000 dogs and 7,900,000 cats as per the estimates of the European Pet Food Industry: Facts and Figures 2017 (FEDIAF). Additionally, advanced technology is leading to innovations in the animal healthcare sector. Inter-governmental organizations are focusing on formulating reforms, with respect to production of food. Furthermore, these organizations focusing on maintaining the health of animals, through the process of surveillance and vaccination. The aforementioned factors, along with heavy investments in R&D activities are driving the growth of the market studied. However, the increasing costs of animal testing and veterinary services, lack of infrastructure and funding, and use of counterfeit medicines are restraining the growth of the market studied.

Key Market Trends

The molecular diagnostics segment dominates the UK veterinary healthcare market

Molecular diagnostics refer to a class of tests performed on an animal, which can assess its health, at the molecular level. It identifies specific sequences in genes, DNA, RNA, and proteins. It provides insights into whether the animal has a disease or will have a disease in the future. In the United Kingdom, the presence of an extensive network of veterinary diagnostics labs is expected to drive the overall growth of the market. The veterinary diagnostic labs in the United Kingdom offer various services, such as cat genetics, infectious disease PCR tests, and clostridium estertheticum testing. Furthermore, various major market players are focusing on the technological development of diagnostics. This is expected to drive the overall growth of the market.

Competitive Landscape

The UK veterinary healthcare market has been rapidly evolving since the past few years, where technology concerning biotech, genomics, artificial intelligence, cloud computing, and big data witnessed significant growth, which resulted in competition among large animal health companies and collaborations with technologically advanced startups. Moreover, the industry observed significant mergers and acquisitions in the recent years. Thus, the UK veterinary healthcare is highly competitive.

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