Market Trends of France Veterinary Healthcare Industry
This section covers the major market trends shaping the France Veterinary Healthcare Market according to our research experts:
Vaccines is expected to lead the France Veterinary Healthcare Market
The Vaccines segment in France's veterinary healthcare market is expected to register healthy growth during the forecast period due to the presence of good healthcare infrastructure in France and it is also experiencing positive trends in R&D developments. Inter-Governmental Organizations are making reforms to ensure health through the process of surveillance and vaccination. Also, awareness about pet health care and diagnostic techniques in the veterinary health care market will drive the market.
According to the estimates of the European Pet Food Industry: Facts and Figures 2020 (FEDIAF), there were around 7,500,000 dogs and 15,00,000 cats in France. The same source also reports that in France the small mammal population is 36,00,000.
In December 2020, the French government proposed new measures to fight pet abandonment such as an owner certificate and online charter. The document would explain the new owner's responsibilities and lay out expectations for the proper care of their new pet, including healthcare needs, vaccinations, the need to let the pet go outside, and the financial cost of care. This will create awareness among pet owners regarding their health, thus driving the veterinary healthcare market.
Hence, the market accounts for the high adoption of the pet population, thereby stimulating the demand for animal healthcare to control the prevalence of diseases. Therefore, all these factors are expected to drive the market in France.
