Development Status And Trends Of China’s Pet Medical Industry
1. Pet Medical Market Size
As the number of pets in China increases year by year, the demand for pet medical care is also increasing. According to data, the scale of China’s pet medical care market is increasing year by year, from 33 billion yuan in 2017 to 60 billion yuan in 2021, an increase of 7.14% year-on-year in 2020. %. With the advancement of China’s pet medical technology, the scale of China’s pet medical market will further expand in the future. The market size of China’s pet medical industry in 2022 will be 67.5 billion yuan.
2.Consumption structure of pet medical market
With the continuous development of my country’s economy, the improvement of people’s living standards, the relaxation of pet-raising policies and the advancement of concepts, my country’s pet economy has also begun to develop rapidly, and pet-related consumption types have become increasingly diversified, mainly in pet food and pet health. In terms of medical care, the proportion exceeds 90%, and pet services are relatively rare.
Data shows that pet owners spend an average of about 5,200 yuan per year on a single pet. In terms of pet health care, pet owners’ consumption categories in pet health care are very diversified. From the perspective of pet health care consumption structure, the consumption ratio The most important one is pet deworming, accounting for 64.2%.
3.Pet medical services
The pet hospital provides comprehensive services, basically covering pet medical care, grooming, supplies sales, foster care, 24-hour emergency care and other aspects. Among them, immunization, sterilization, and deworming occupy the top three service items. According to the “2022 China Pet Medical Industry White Paper”, their proportions will reach 81.08%, 77.00%, and 75.20% respectively in 2022.
4. Common diseases of cats and dogs
In recent years, the number of pet owners in our country has become increasingly large, and the pet economy has developed rapidly. People’s pet keeping has also shifted from simple daily feeding to more refined needs such as pet health and scientific pet raising. People are paying more and more attention to the health of their pets. Among pet diseases, vomiting symptoms are the most common abnormality. The proportion of cats vomiting reached 78.6%, and the proportion of dogs vomiting reached 74.4%.
5. Chain status of pet medical institutions
Judging from the number of pet medical institutions, the proportion of non-chain pet medical institutions is much higher than that of chain pet medical institutions (≥5). As of October 2022, Xin Ruipeng, Ruipai, Ruichen, Meng Veterinary Hospital, National leading chain pet medical institutions such as Chongai International account for about 13.2%, and pet chain institutions with more than five companies account for about 21.2%. Single hospitals are still the main form of pet medical institutions.
As of the end of 2022, the number of pet medical institutions in the country has reached 19,930, of which Guangdong Province has the largest number, reaching more than 2,080. Guangdong, Jiangsu, Shandong, Zhejiang, Sichuan, Liaoning, Henan and other provinces have more than 1,000 pet medical institutions. The chain of medical institutions in first-tier and new first-tier cities is expanding, high-quality resources are continuously integrated, and brand effects are gradually established.
Behind the pet economy with a scale of 100 billion, there is a huge industrial chain, including a series of products and services including live breeding, breeding, bathing and grooming, foster care and training, funeral and burial, etc. Among them, pet medical treatment has the greatest potential. From the perspective of the entire industrial structure of the pet economy, pet medical care is at the core.