1. the current operating situation of China's pet hospital industry
2. the investment categories and costs of pet hospitals are listed
3. the industry's current overall profitability
4. the hospital charges and the regulatory status of the industry sector
According to the public data, as of the end of July 2019, China*. **there are more than 23,000 pet hospitals, of which less than 10% are pet hospitals with a certain level of professionalism and chain operations, while the remaining 90% or more are single-store operations, mostly small and medium-sized, with most of them operating in an area of less than 300 square meters.
In these small and medium-sized single pet hospitals, the role played by the role is usually extremely diverse, in addition to the main business of medical care, but also take into account the sale of varieties of pets, pet supplies, to give pets to do the medicinal baths, do cosmetology, with the intention of making up for the plight of low income through the "combination of punches": the market is not good, rely on the treatment of pets can not earn money. The money.
Pet hospitals are hard to tear the profitability label
However, the data reflects a conclusion that seems to be very different from the above.
According to the 2019 China Pet Industry White Paper (2018.11-2019.8), the annual per capita single pet dog consumption amounted to 6,082 yuan, a year-on-year increase of 9%, while the annual per capita single pet cat consumption amounted to 4,755 yuan, a year-on-year increase of 10.3%.
In terms of medical treatment, the average annual spending on medical treatment for dogs was 1,557.2 yuan; for cats, it was 1,446.1 yuan, with vaccines and deworming accounting for the bulk of the spending.
The growth rate of annual pet spending is impressive, as is the growth in the number of pets. The number of pets in cities and towns across the country reached 99.15 million in 2019, up 8.4 percent year-on-year, according to the data.
Driven by annual pet consumption and the number of pets, the size of the pet market also finally broke the 200 billion barrier. The overall consumption scale of the pet market reached 202.4 billion yuan, up 18.5 percent year-on-year, according to the China Pet Industry White Paper 2019.
Huajing Industrial Research Institute concluded after the research that in 2019, in the overall pet market, the largest share is pet food, accounting for 34%, with a market size of 68.82 billion yuan; followed by pet medical care, accounting for 23%, with a market size of 46.55 billion yuan.
In comparison, in mid-2018, pet medical care accounted for less than 20% of the pet market, with a market size of about $33.8 billion. If the pet medical market is further subdivided, it can also be divided into three major segments: pet drugs, pet hospitals and pet vaccines, of which pet drugs and pet hospitals accounted for 52% and 46%, respectively, and pet vaccines accounted for 2%, with market sizes of $24.21 billion, $21.41 billion and $930 million, respectively. In 2018, the market size of pet hospitals was about 20 billion yuan.
The data reflects that: both the pet market, the pet medical market under segmentation and the pet hospital market under further segmentation have shown growth.