With the rise of the pet economy, pet medical needs have further increased. According to the “2019 China Pet Medical Industry Research Report” released by the Whale Institute of Standards, the current pet medical market in China is about 34 billion yuan.
文 | Daily Business Collection
New report: The pet hospital market scale exceeds 20 billion, and the first-tier cities are already in the Red Sea
With the rise of the pet economy, pet medical needs have further increased. According to the “2019 China Pet Medical Industry Research Report” released by the Whale Institute of Standards, the current pet medical market in China is about 34 billion yuan.
In terms of investment and financing, at the end of August 2015-2019, there were 53 financing incidents in the pet medical industry. The proportion of seed rounds and angel rounds has gradually decreased, from 67% in 2015 to 13% in 2018. The proportion of round B financing has gradually expanded, reaching 60% in 2019. In addition, the proportion of large-scale single financing in the industry is gradually increasing. These phenomena reflect that the pet medical industry is maturing, the investment project phase is gradually moving back, and the importance of strategic investment is gradually increasing.
As the core of the pet medical industry, the pet hospital has a market size of about 20.2 billion yuan in 2019. It is expected to reach 29.9 billion yuan in 2022 and a compound growth rate of 13.9% in the next three years. Currently …
Editor’s comment: Although the proportion of pets in the cities below the third line is close to 40%, the geographical distribution of the pets has a sinking trend, but considering…
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