Your Clients Are About to Get A LOT More Extra (And That's Actually Great News)
The global pet care market is set to nearly double from $243.5 billion to $483.5 billion over the next decade. For context, that's roughly the GDP of Belgium. Twice. Just for keeping Fluffy happy and healthy.
The Pet Care Boom: What Half a Trillion Dollars Means for Your Veterinary Career
If you've been feeling like every pet parent you meet is treating their fur baby like, well, an actual baby—you're not imagining things. New market research confirms what you're seeing in exam rooms every day: the global pet care industry is experiencing explosive growth, and it's reshaping veterinary medicine as we know it.
Cats Claim Record Share of Veterinary Visits as Feline Market Momentum Builds
The feline veterinary market is reaching an inflection point, according to newly released data from CATalyst Council showing cats now represent 23 percent of all clinical visits--the highest third-quarter proportion ever recorded. CATalyst Council Feline Veterinary Market Insights: Volume IV reveals that while overall companion-animal clinical visits have declined year over year since 2022, feline clinical visits continue their upward trajectory, extending a three-year pattern of growth that is reshaping the veterinary landscape.
The Veterinary Industry Isn’t Recession-Proof After All, and the Data Is Alarming
For years, the veterinary field has comforted itself with the same familiar mantra: “We’re recession-proof. People will always spend money on their pets.” But a massive new analysis is challenging that belief—and the results are startling enough that every clinic owner, manager, and industry leader should be paying attention.
Veterinary Practices Brace for Recession: Are You Ready for the Coming Downturn?
Veterinary medicine in the United States may have long been considered “recession-resistant,” but new research suggests that the industry is far from immune to economic cycles. In a study titled Anticipating the Downturn: Business Cycle Forecasting for Veterinary Practice Strategy in the United States, researchers used advanced time-series econometrics to analyze veterinary-specific inflation and expenditure patterns, revealing a distinct business cycle for veterinary services that often lags behind the broader economy by years.
Cats Claim Record Share of Veterinary Visits as Feline Market Momentum Builds
The feline veterinary market is reaching an inflection point, according to newly released data from CATalyst Council showing cats now represent 23 percent of all clinical visits--the highest third-quarter proportion ever recorded. CATalyst Council Feline Veterinary Market Insights: Volume IV reveals that while overall companion-animal clinical visits have declined year over year since 2022, feline clinical visits continue their upward trajectory, extending a three-year pattern of growth that is reshaping the veterinary landscape.