▶ 調査レポート

獣医サービスの世界市場 2020年:企業別、地域別、種類・用途別

• 英文タイトル:Global Veterinary Services Market 2020 by Company, Regions, Type and Application, Forecast to 2025

GlobalInfoResearchが調査・発行した産業分析レポートです。獣医サービスの世界市場 2020年:企業別、地域別、種類・用途別 / Global Veterinary Services Market 2020 by Company, Regions, Type and Application, Forecast to 2025 / D0804-16868資料のイメージです。• レポートコード:D0804-16868
• 出版社/出版日:GlobalInfoResearch / 2020年8月3日
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レポート概要
本調査レポートでは、獣医サービスの世界市場を広く調査・分析し、今後の市場展望をまとめております。獣医サービスの種類別市場規模(動物用医薬品、動物用器具)、用途別市場規模(獣医クリニック、獣医病院)、地域別市場規模(北米、アメリカ、ヨーロッパ、アジア、中国、日本、東南アジア、南米、中東、アフリカなど)、市場動向、企業別販売量と市場シェアなどの情報を掲載しています。
・市場概要
・企業情報(販売量、市場シェア、製品概要、SWOT分析):Abaxis、Greencross Vets (Australia)、VCA (all based in the US)、The Animal Medical Center、Benfield Pet Hospital、The Bergh Memorial Animal Hospital、CVS Group (UK)
・地域別グローバル市場分析 2015年-2020年
・獣医サービスの北米市場(アメリカ、カナダ、メキシコ)
・獣医サービスのヨーロッパ市場(ドイツ、イギリス、フランス、ロシア、イタリア)
・獣医サービスのアジア市場(中国、日本、韓国、インド、東南アジア、オーストラリア)
・獣医サービスの南米市場(ブラジル、アルゼンチン)
・獣医サービスの中東・アフリカ市場(サウジアラビア、トルコ、エジプト、南アフリカ)
・種類別分析:動物用医薬品、動物用器具
・用途別分析:獣医クリニック、獣医病院
・地域別市場規模予測 2021年-2025年
・調査の結果・結論

Market Overview
The global Veterinary Services market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.3% in the forecast period of 2020 to 2025 and will expected to reach USD 94370 million by 2025, from USD 79780 million in 2019.

The Veterinary Services market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation
Veterinary Services market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Veterinary Services market has been segmented into:
Veterinary Drug
Veterinary Devices

By Application, Veterinary Services has been segmented into:
Veterinary Clinic
Veterinary Hospital

Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the global Veterinary Services market presented in the report. This section sheds light on the sales growth of different regional and country-level Veterinary Services markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Veterinary Services market.

The report offers in-depth assessment of the growth and other aspects of the Veterinary Services market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Competitive Landscape and Veterinary Services Market Share Analysis
Veterinary Services competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Veterinary Services sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Veterinary Services sales, revenue and market share for each player covered in this report.

The major players covered in Veterinary Services are:
Abaxis
Greencross Vets (Australia)
VCA (all based in the US)
The Animal Medical Center
Benfield Pet Hospital
The Bergh Memorial Animal Hospital
CVS Group (UK)

レポート目次

Table of Contents

1 Veterinary Services Market Overview
1.1 Product Overview and Scope of Veterinary Services
1.2 Classification of Veterinary Services by Type
1.2.1 Global Veterinary Services Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Global Veterinary Services Revenue Market Share by Type in 2019
1.2.3 Veterinary Drug
1.2.4 Veterinary Devices
1.3 Global Veterinary Services Market by Application
1.3.1 Overview: Global Veterinary Services Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Veterinary Clinic
1.3.3 Veterinary Hospital
1.4 Global Veterinary Services Market by Regions
1.4.1 Global Veterinary Services Market Size by Regions: 2015 VS 2019 VS 2025
1.4.2 Global Market Size of Veterinary Services (2015-2025)
1.4.3 North America (USA, Canada and Mexico) Veterinary Services Status and Prospect (2015-2025)
1.4.4 Europe (Germany, France, UK, Russia and Italy) Veterinary Services Status and Prospect (2015-2025)
1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Veterinary Services Status and Prospect (2015-2025)
1.4.6 South America (Brazil, Argentina, Colombia) Veterinary Services Status and Prospect (2015-2025)
1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Veterinary Services Status and Prospect (2015-2025)
2 Company Profiles
2.1 Abaxis
2.1.1 Abaxis Details
2.1.2 Abaxis Major Business and Total Revenue (Financial Highlights) Analysis
2.1.3 Abaxis SWOT Analysis
2.1.4 Abaxis Product and Services
2.1.5 Abaxis Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
2.2 Greencross Vets (Australia)
2.2.1 Greencross Vets (Australia) Details
2.2.2 Greencross Vets (Australia) Major Business and Total Revenue (Financial Highlights) Analysis
2.2.3 Greencross Vets (Australia) SWOT Analysis
2.2.4 Greencross Vets (Australia) Product and Services
2.2.5 Greencross Vets (Australia) Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
2.3 VCA (all based in the US)
2.3.1 VCA (all based in the US) Details
2.3.2 VCA (all based in the US) Major Business and Total Revenue (Financial Highlights) Analysis
2.3.3 VCA (all based in the US) SWOT Analysis
2.3.4 VCA (all based in the US) Product and Services
2.3.5 VCA (all based in the US) Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
2.4 The Animal Medical Center
2.4.1 The Animal Medical Center Details
2.4.2 The Animal Medical Center Major Business and Total Revenue (Financial Highlights) Analysis
2.4.3 The Animal Medical Center SWOT Analysis
2.4.4 The Animal Medical Center Product and Services
2.4.5 The Animal Medical Center Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
2.5 Benfield Pet Hospital
2.5.1 Benfield Pet Hospital Details
2.5.2 Benfield Pet Hospital Major Business and Total Revenue (Financial Highlights) Analysis
2.5.3 Benfield Pet Hospital SWOT Analysis
2.5.4 Benfield Pet Hospital Product and Services
2.5.5 Benfield Pet Hospital Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
2.6 The Bergh Memorial Animal Hospital
2.6.1 The Bergh Memorial Animal Hospital Details
2.6.2 The Bergh Memorial Animal Hospital Major Business and Total Revenue (Financial Highlights) Analysis
2.6.3 The Bergh Memorial Animal Hospital SWOT Analysis
2.6.4 The Bergh Memorial Animal Hospital Product and Services
2.6.5 The Bergh Memorial Animal Hospital Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
2.7 CVS Group (UK)
2.7.1 CVS Group (UK) Details
2.7.2 CVS Group (UK) Major Business and Total Revenue (Financial Highlights) Analysis
2.7.3 CVS Group (UK) SWOT Analysis
2.7.4 CVS Group (UK) Product and Services
2.7.5 CVS Group (UK) Veterinary Services Revenue, Gross Margin and Market Share (2018-2019)
3 Market Competition, by Players
3.1 Global Veterinary Services Revenue and Share by Players (2015-2020)
3.2 Market Concentration Rate
3.2.1 Top 5 Veterinary Services Players Market Share
3.2.2 Top 10 Veterinary Services Players Market Share
3.3 Market Competition Trend
4 Market Size by Regions
4.1 Global Veterinary Services Revenue and Market Share by Regions
4.2 North America Veterinary Services Revenue and Growth Rate (2015-2020)
4.3 Europe Veterinary Services Revenue and Growth Rate (2015-2020)
4.4 Asia-Pacific Veterinary Services Revenue and Growth Rate (2015-2020)
4.5 South America Veterinary Services Revenue and Growth Rate (2015-2020)
4.6 Middle East & Africa Veterinary Services Revenue and Growth Rate (2015-2020)
5 North America Veterinary Services Revenue by Countries
5.1 North America Veterinary Services Revenue by Countries (2015-2020)
5.2 USA Veterinary Services Revenue and Growth Rate (2015-2020)
5.3 Canada Veterinary Services Revenue and Growth Rate (2015-2020)
5.4 Mexico Veterinary Services Revenue and Growth Rate (2015-2020)
6 Europe Veterinary Services Revenue by Countries
6.1 Europe Veterinary Services Revenue by Countries (2015-2020)
6.2 Germany Veterinary Services Revenue and Growth Rate (2015-2020)
6.3 UK Veterinary Services Revenue and Growth Rate (2015-2020)
6.4 France Veterinary Services Revenue and Growth Rate (2015-2020)
6.5 Russia Veterinary Services Revenue and Growth Rate (2015-2020)
6.6 Italy Veterinary Services Revenue and Growth Rate (2015-2020)
7 Asia-Pacific Veterinary Services Revenue by Countries
7.1 Asia-Pacific Veterinary Services Revenue by Countries (2015-2020)
7.2 China Veterinary Services Revenue and Growth Rate (2015-2020)
7.3 Japan Veterinary Services Revenue and Growth Rate (2015-2020)
7.4 Korea Veterinary Services Revenue and Growth Rate (2015-2020)
7.5 India Veterinary Services Revenue and Growth Rate (2015-2020)
7.6 Southeast Asia Veterinary Services Revenue and Growth Rate (2015-2020)
8 South America Veterinary Services Revenue by Countries
8.1 South America Veterinary Services Revenue by Countries (2015-2020)
8.2 Brazil Veterinary Services Revenue and Growth Rate (2015-2020)
8.3 Argentina Veterinary Services Revenue and Growth Rate (2015-2020)
9 Middle East & Africa Revenue Veterinary Services by Countries
9.1 Middle East & Africa Veterinary Services Revenue by Countries (2015-2020)
9.2 Saudi Arabia Veterinary Services Revenue and Growth Rate (2015-2020)
9.3 UAE Veterinary Services Revenue and Growth Rate (2015-2020)
9.4 Egypt Veterinary Services Revenue and Growth Rate (2015-2020)
9.5 South Africa Veterinary Services Revenue and Growth Rate (2015-2020)
10 Market Size Segment by Type
10.1 Global Veterinary Services Revenue and Market Share by Type (2015-2020)
10.2 Global Veterinary Services Market Forecast by Type (2019-2024)
10.3 Veterinary Drug Revenue Growth Rate (2015-2025)
10.4 Veterinary Devices Revenue Growth Rate (2015-2025)
11 Global Veterinary Services Market Segment by Application
11.1 Global Veterinary Services Revenue Market Share by Application (2015-2020)
11.2 Veterinary Services Market Forecast by Application (2019-2024)
11.3 Veterinary Clinic Revenue Growth (2015-2020)
11.4 Veterinary Hospital Revenue Growth (2015-2020)
12 Global Veterinary Services Market Size Forecast (2021-2025)
12.1 Global Veterinary Services Market Size Forecast (2021-2025)
12.2 Global Veterinary Services Market Forecast by Regions (2021-2025)
12.3 North America Veterinary Services Revenue Market Forecast (2021-2025)
12.4 Europe Veterinary Services Revenue Market Forecast (2021-2025)
12.5 Asia-Pacific Veterinary Services Revenue Market Forecast (2021-2025)
12.6 South America Veterinary Services Revenue Market Forecast (2021-2025)
12.7 Middle East & Africa Veterinary Services Revenue Market Forecast (2021-2025)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
14.3 Disclaimer
14.4 About US

List of Tables

Table 1. Global Veterinary Services Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Veterinary Services by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Veterinary Services Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Global Market Veterinary Services Revenue (Million USD) Comparison by Regions 2015-2025
Table 5. Abaxis Corporate Information, Location and Competitors
Table 6. Abaxis Veterinary Services Major Business
Table 7. Abaxis Veterinary Services Total Revenue (USD Million) (2017-2018)
Table 8. Abaxis SWOT Analysis
Table 9. Abaxis Veterinary Services Product and Solutions
Table 10. Abaxis Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 11. Greencross Vets (Australia) Corporate Information, Location and Competitors
Table 12. Greencross Vets (Australia) Veterinary Services Major Business
Table 13. Greencross Vets (Australia) Veterinary Services Total Revenue (USD Million) (2018-2019)
Table 14. Greencross Vets (Australia) SWOT Analysis
Table 15. Greencross Vets (Australia) Veterinary Services Product and Solutions
Table 16. Greencross Vets (Australia) Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 17. VCA (all based in the US) Corporate Information, Location and Competitors
Table 18. VCA (all based in the US) Veterinary Services Major Business
Table 19. VCA (all based in the US) Veterinary Services Total Revenue (USD Million) (2017-2018)
Table 20. VCA (all based in the US) SWOT Analysis
Table 21. VCA (all based in the US) Veterinary Services Product and Solutions
Table 22. VCA (all based in the US) Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 23. The Animal Medical Center Corporate Information, Location and Competitors
Table 24. The Animal Medical Center Veterinary Services Major Business
Table 25. The Animal Medical Center Veterinary Services Total Revenue (USD Million) (2017-2018)
Table 26. The Animal Medical Center SWOT Analysis
Table 27. The Animal Medical Center Veterinary Services Product and Solutions
Table 28. The Animal Medical Center Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 29. Benfield Pet Hospital Corporate Information, Location and Competitors
Table 30. Benfield Pet Hospital Veterinary Services Major Business
Table 31. Benfield Pet Hospital Veterinary Services Total Revenue (USD Million) (2017-2018)
Table 32. Benfield Pet Hospital SWOT Analysis
Table 33. Benfield Pet Hospital Veterinary Services Product and Solutions
Table 34. Benfield Pet Hospital Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 35. The Bergh Memorial Animal Hospital Corporate Information, Location and Competitors
Table 36. The Bergh Memorial Animal Hospital Veterinary Services Major Business
Table 37. The Bergh Memorial Animal Hospital Veterinary Services Total Revenue (USD Million) (2017-2018)
Table 38. The Bergh Memorial Animal Hospital SWOT Analysis
Table 39. The Bergh Memorial Animal Hospital Veterinary Services Product and Solutions
Table 40. The Bergh Memorial Animal Hospital Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 41. CVS Group (UK) Corporate Information, Location and Competitors
Table 42. CVS Group (UK) Veterinary Services Major Business
Table 43. CVS Group (UK) Veterinary Services Total Revenue (USD Million) (2017-2018)
Table 44. CVS Group (UK) SWOT Analysis
Table 45. CVS Group (UK) Veterinary Services Product and Solutions
Table 46. CVS Group (UK) Veterinary Services Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 47. Global Veterinary Services Revenue (Million USD) by Players (2015-2020)
Table 48. Global Veterinary Services Revenue Share by Players (2015-2020)
Table 49. Global Veterinary Services Revenue (Million USD) by Regions (2015-2020)
Table 50. Global Veterinary Services Revenue Market Share by Regions (2015-2020)
Table 51. North America Veterinary Services Revenue by Countries (2015-2020)
Table 52. North America Veterinary Services Revenue Market Share by Countries (2015-2020)
Table 53. Europe Veterinary Services Revenue (Million USD) by Countries (2015-2020)
Table 54. Asia-Pacific Veterinary Services Revenue (Million USD) by Countries (2015-2020)
Table 55. South America Veterinary Services Revenue by Countries (2015-2020)
Table 56. South America Veterinary Services Revenue Market Share by Countries (2015-2020)
Table 57. Middle East and Africa Veterinary Services Revenue (Million USD) by Countries (2015-2020)
Table 58. Middle East and Africa Veterinary Services Revenue Market Share by Countries (2015-2020)
Table 59. Global Veterinary Services Revenue (Million USD) by Type (2015-2020)
Table 60. Global Veterinary Services Revenue Share by Type (2015-2020)
Table 61. Global Veterinary Services Revenue Forecast by Type (2021-2025)
Table 62. Global Veterinary Services Revenue by Application (2015-2020)
Table 63. Global Veterinary Services Revenue Share by Application (2015-2020)
Table 64. Global Veterinary Services Revenue Forecast by Application (2021-2025)
Table 65. Global Veterinary Services Revenue (Million USD) Forecast by Regions (2021-2025)
List of Figures
Figure 1. Veterinary Services Picture
Figure 2. Global Veterinary Services Revenue Market Share by Type in 2019
Figure 3. Veterinary Drug Picture
Figure 4. Veterinary Devices Picture
Figure 5. Veterinary Services Revenue Market Share by Application in 2019
Figure 6. Veterinary Clinic Picture
Figure 7. Veterinary Hospital Picture
Figure 8. Global Veterinary Services Revenue (USD Million) and Growth Rate (2015-2025)
Figure 9. North America Veterinary Services Revenue (Million USD) and Growth Rate (2015-2025)
Figure 10. Europe Veterinary Services Revenue (Million USD) and Growth Rate (2015-2025)
Figure 11. Asia-Pacific Veterinary Services Revenue (Million USD) and Growth Rate (2015-2025)
Figure 12. South America Veterinary Services Revenue (Million USD) and Growth Rate (2015-2025)
Figure 13. Middle East and Africa Veterinary Services Revenue (Million USD) and Growth Rate (2015-2025)
Figure 14. Global Veterinary Services Revenue (Million USD) and Growth Rate (2015-2025)
Figure 15. Global Veterinary Services Revenue Share by Players in 2019
Figure 16. Global Top 5 Players Veterinary Services Revenue Market Share in 2019
Figure 17. Global Top 10 Players Veterinary Services Revenue Market Share in 2019
Figure 18. Key Players Market Share Trend
Figure 19. Global Veterinary Services Revenue (Million USD) and Growth Rate (%) (2015-2020)
Figure 20. Global Veterinary Services Revenue Market Share by Regions (2015-2020)
Figure 21. Global Veterinary Services Revenue Market Share by Regions in 2018
Figure 22. North America Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 23. Europe Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 24. Asia-Pacific Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 25. South America Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 26. Middle East and Africa Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 27. North America Veterinary Services Revenue Market Share by Countries (2015-2020)
Figure 28. North America Veterinary Services Revenue Market Share by Countries in 2019
Figure 29. USA Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 30. Canada Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 31. Mexico Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 32. Europe Veterinary Services Revenue Market Share by Countries (2015-2020)
Figure 33. Europe Veterinary Services Revenue Market Share by Countries in 2019
Figure 34. Germany Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 35. UK Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 36. France Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 37. Russia Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 38. Italy Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 39. Asia-Pacific Veterinary Services Revenue Market Share by Countries (2015-2020)
Figure 40. Asia-Pacific Veterinary Services Revenue Market Share by Countries in 2019
Figure 41. China Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 42. Japan Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 43. Korea Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 44. India Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 45. Southeast Asia Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 46. South America Veterinary Services Revenue Market Share by Countries (2015-2020)
Figure 47. South America Veterinary Services Revenue Market Share by Countries in 2019
Figure 48. Brazil Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 49. Argentina Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 50. Middle East and Africa Veterinary Services Revenue Market Share by Countries (2015-2020)
Figure 51. Middle East and Africa Veterinary Services Revenue Market Share by Countries in 2019
Figure 52. Saudi Arabia Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 53. UAE Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 54. Egypt Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 55. South Africa Veterinary Services Revenue and Growth Rate (2015-2020)
Figure 56. Global Veterinary Services Revenue Share by Type (2015-2020)
Figure 57. Global Veterinary Services Revenue Share by Type in 2019
Figure 58. Global Veterinary Services Market Share Forecast by Type (2021-2025)
Figure 59. Global Veterinary Drug Revenue Growth Rate (2015-2020)
Figure 60. Global Veterinary Devices Revenue Growth Rate (2015-2020)
Figure 61. Global Veterinary Services Revenue Share by Application (2015-2020)
Figure 62. Global Veterinary Services Revenue Share by Application in 2019
Figure 63. Global Veterinary Services Market Share Forecast by Application (2021-2025)
Figure 64. Global Veterinary Clinic Revenue Growth Rate (2015-2020)
Figure 65. Global Veterinary Hospital Revenue Growth Rate (2015-2020)
Figure 66. Global Veterinary Services Revenue (Million USD) and Growth Rate Forecast (2021-2025)
Figure 67. Global Veterinary Services Revenue (Million USD) Forecast by Regions (2021-2025)
Figure 68. Global Veterinary Services Revenue Market Share Forecast by Regions (2021-2025)
Figure 69. North America Veterinary Services Revenue Market Forecast (2021-2025)
Figure 70. Europe Veterinary Services Revenue Market Forecast (2021-2025)
Figure 71. Asia-Pacific Veterinary Services Revenue Market Forecast (2021-2025)
Figure 72. South America Veterinary Services Revenue Market Forecast (2021-2025)
Figure 73. Middle East and Africa Veterinary Services Revenue Market Forecast (2021-2025)
Figure 74. Sales Channel: Direct Channel vs Indirect Channel