Market Trends of China Veterinary Healthcare Industry
This section covers the major market trends shaping the China Veterinary Healthcare Market according to our research experts:
The Dogs and Cats Segment Dominates the China Veterinary Healthcare Market
The Chinese veterinary health products for dogs and cats are gaining positive recognition across the industry. The increased adoption of dogs and cats in China is the major driving factor for the market.
Furthermore, according to the news published in May 2020, Pet detective services are in high demand in China as the popularity of companion animals such as cats and dogs grows significantly. This will further lead to higher adoption of dog and cat veterinary healthcare services and is expected to drive the growth of this segment in China.
Moreover, technological advancements in pet health especially the dogs and cats in China is further expected to drive the growth of the segment in China. For instance, in Oct 2021, JD Health is expanding its telemedicine services to include dogs. JD Health and JD Pet had started "JD Pet Hospital," an O2O healthcare service platform that spans the entire lifespan of dogs, from disease prevention and diagnosis to comprehensive health management. The rising telehealth initiatives in veterinary health especially dogs and cats in China are further expected to drive the growth of this segment in China.
Therefore, factors such as increasing pet detective services and initiatives such as telehealth in veterinary medicine are expected to drive the growth of this segment in China.
