Veterinary Services Market
Veterinary Services Market Growth Forecast 2025 to 2035
The veterinary services market is projected to experience robust growth, with its valuation expected to rise from USD 110.8 billion in 2025 to USD 245.4 billion by 2035, expanding at an impressive CAGR of 9.4% over the forecast period.
Market Overview
The increasing emphasis on pet healthcare, livestock management, and veterinary advancements is driving the demand for veterinary services worldwide. The rising incidence of zoonotic diseases, growing pet ownership trends, and the expansion of telemedicine in veterinary care are key growth factors in this evolving market.
The integration of AI-powered diagnostics, IoT-based pet monitoring, and advanced surgical procedures is redefining veterinary care standards. Additionally, government initiatives focused on biosecurity, food safety, and livestock sustainability are fostering market expansion.
Market Growth Drivers
- Rising Pet Ownership & Humanization of Pets – Increased pet adoption and the perception of pets as family members are fueling demand for premium veterinary services.
- Growing Incidence of Animal Diseases – The spread of zoonotic and food-borne infections has led to an increased focus on preventive care and vaccinations.
- Advancements in Veterinary Technology – Cutting-edge innovations, including AI-driven diagnostics, robotic-assisted surgeries, and digital veterinary telehealth platforms, are revolutionizing veterinary services.
- Increased Livestock Healthcare Demand – The rising global meat and dairy consumption is pushing governments to enhance animal welfare and disease control initiatives.
- Expanding Telemedicine Services – The post-pandemic world has seen a surge in online veterinary consultations, reducing barriers to access and making veterinary care more efficient.
Market Segmentation & Insights
| Segment |
Category |
Market Share (%) |
|---|---|---|
|
Animal Type |
Companion Animals (Dogs, Cats, Horses) |
42.3% |
|
Production Animals (Cattle, Poultry, Swine) |
57.7% | |
|
Service Type |
Diagnostic Services |
28.6% |
|
Surgery & Critical Care |
32.4% | |
|
Vaccination & Preventive Care |
21.7% | |
|
Telemedicine & Online Consultation |
17.3% | |
|
End-User |
Veterinary Hospitals |
44.8% |
|
Veterinary Clinics |
33.5% | |
|
Research & Academic Institutions |
21.7% |
Regional Analysis
- North America: Dominates the market with a 39.5% share, driven by high pet adoption rates, well-developed veterinary infrastructure, and increasing expenditure on pet healthcare.
- Europe: Holds a 29.7% share, supported by government regulations, increased awareness about pet insurance, and a strong presence of veterinary service providers.
- Asia-Pacific: The fastest-growing region, with a CAGR of 10.5%, fueled by rising disposable income, growing awareness about livestock health, and increasing pet adoption trends in China, India, and Japan.
- Latin America & MEA: Emerging markets, experiencing growth due to rising investments in animal healthcare and expansion of veterinary research facilities.
Key Market Trends
✔️ Rise of Veterinary Telehealth Services – Virtual consultations are reducing geographical barriers and making veterinary care more accessible.
✔️ Increased Demand for Companion Animal Care – The surge in pet adoption has boosted demand for specialized treatments and premium veterinary services.
✔️ Growth in Livestock Veterinary Services – Government regulations on food safety and sustainable livestock management are increasing the need for health monitoring and disease prevention programs.
✔️ Adoption of AI and IoT in Veterinary Care – AI-powered diagnostic tools and IoT-enabled animal health monitoring systems are improving efficiency and accuracy.
✔️ Rise of Pet Insurance and Wellness Programs – The increasing affordability of pet insurance policies is encouraging pet owners to opt for regular check-ups and advanced veterinary treatments.
Challenges & Restraints
🚧 High Cost of Advanced Veterinary Services – Premium veterinary care, AI-driven diagnostics, and robotic-assisted surgeries remain expensive and inaccessible in certain regions.
🚧 Shortage of Skilled Veterinarians – The increasing demand for veterinary services outpaces the availability of qualified professionals, creating a service gap.
🚧 Regulatory Barriers – Strict regulations regarding veterinary drug approvals, animal health procedures, and biosecurity measures present challenges for new entrants.
Competitive Landscape & Key Players
The veterinary services market is highly competitive, with established players and new entrants focusing on innovation, strategic partnerships, and digital transformation to gain a competitive edge.
| Company |
Key Offerings |
|---|---|
|
Mars Inc. |
Advanced veterinary care & pet wellness solutions |
|
Greencross Ltd. |
Premium veterinary services and animal hospitals |
|
National Veterinary Care Ltd. |
Comprehensive pet diagnostics and treatment solutions |
|
CVS Group PLC |
Veterinary diagnostics, surgery, and preventive care |
|
Pets at Home Group PLC |
Veterinary consultation, pet healthcare, and wellness programs |
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Frequently Asked Questions (FAQs)
💡 What is the expected market size of the veterinary services industry in 2035?
- The market is projected to reach USD 245.4 billion by 2035.
💡 Which segment dominates the market?
- Production animals account for 57.7% of the market share, with increasing demand for livestock healthcare.
💡 What are the key drivers of market growth?
- Advancements in veterinary telemedicine, increasing pet adoption, government support for livestock healthcare, and integration of AI in diagnostics.
💡 Which region is expected to witness the highest growth rate?
- Asia-Pacific, with an expected CAGR of 10.5%, driven by rising pet ownership and veterinary infrastructure development.
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