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Industry revenue of “veterinary activities“ in Portugal 2011-2023

Over the past decade, pet ownership in Portugal has witnessed robust growth. Between 2010-2018, the ownership of pet cats has grown by over 50 percent whilst that of pet dogs has grown over 8 percent. In fact, in 2018, 36 percent of households owned at least one dog, whilst 33 percent of households owned at least one cat, making Portugal one of the biggest markets for pets in Europe. This has augured well for the veterinary service industry, owing to the increased demand for services such as pet vaccines and general monthly check-ups. As a result, industry revenues projected to grow almost three fold, from 134 million U.S. dollars in 2011 to over 363 million U.S. dollars by 2023.

Electronic identification mandatory for cats by 2021

The Portuguese Ministry of Agriculture has passed a new bill stating that all pet cats born before 19 May 2019 are required to be microchipped within the next two years, as it would act as a proof of ownership in case the pet is stolen. Owners who have not had their cats microchipped within the stipulated deadline could face a fine up to 3740 euros. Vets at any clinic or hospitals can implant the chip.

Industry revenue of “veterinary activities“ in Portugal from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Portugal. The industry “veterinary activities“ has the code “M75“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Portugal"

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