Weekend Rounds is a newsletter by Obi Veterinary Education. Each week, we'll round up what's new and noteworthy across veterinary medicine - both within the Obi community and veterinary industry at large - and deliver it right to your inbox.

Last week was National Veterinary Technician Week, so it's a good time to tip our caps to the vet techs keeping clinics running around the world. We appreciate you!

And while you likely offered some internet clout by liking NVTW shout outs on social media, remember to celebrate and recognize the contributions of the vet techs in your clinic IRL as well.

New and Noteworthy

Business is booming 

This summer, Grand View Research released a series of studies on the size of the veterinary industry in 2020, as well as expected growth patterns through 2028. As the industry continues to evolve (and we hope for the better), it's important to keep an eye on what's happening around us. New lines of business, innovative ways to work together and changes in medical best practices will continue to keep us on our toes. 

We hope having these stats at your disposal will inspire you to invest in yourself, or your workplace, to prepare for long term success this decade. 

Animal Health Market

Value in 2020 (USD in billions)

Expected value in 2028 (USD in billions)

CAGR (2021-2028)

$48.56

$88.67

9%

Key Findings:

• Market is largely driven by a significant rise in demand for animal protein and an increase in the incidence of zoonotic and food-borne diseases globally

• Post-COVID, as the adoption of telehealth has been on the rise, the demand for knowledge, expertise, and consulting solutions will increase

• Animal healthcare is rebounding faster as compared to other sectors.

 See report

Veterinary Care Market

Value in 2020 (USD in billions)

Expected value in 2028 (USD in billions)

CAGR (2021-2028)

$79.4

$114.4

5.4%

Key Findings:

• Increasing cases of chronic diseases in pets and livestock animals are fuelling the demand for better veterinary care.

• The companion animals segment held the largest revenue share of over 60.00% of the global market in 2020

• COVID-19 has severely disrupted the industry with both companion and production animal sectors seeing a decrease in market size

 See report

Veterinary Telehealth Market

Value in 2020 (USD in millions)

Expected value in 2028 (USD in millions)

CAGR (2021-2028)

$119.6

$417.1

19.5%

Key Findings:

• Fastest growing sectors in veterinary medicine

• Poultry, sheep, cattle and goats currently account for the largest revenue share while the canine segment is anticipated to be the fastest-growing segment through 2028

• Companies continue to pivot to offer innovative options as emerging countries are still in the early stages of adopting telehealth

 See report

 See additional reports on:OncologyDentistry EquipmentDermatology Drugs

What's new on Obi?

• Just one week left in October! Sneak a few lessons in before Halloween to get yourself on the October leaderboard. 

• New courses around the corner! Keep and eye out for new courses in two popular specialties soon. 

• Share the love! If you're enjoying starting your week with Weekend Rounds in your inbox, share it with a friend. We won't mind. 

Let us know what you'd like to see in future editions of Weekend Rounds by replying to this email.