Veterinary Services

Global Veterinary Services Market to Reach US$135.3 Billion by 2030

The global market for Veterinary Services estimated at US$110.6 Billion in the year 2024, is expected to reach US$135.3 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2024-2030. Production Animal, one of the segments analyzed in the report, is expected to record a 2.7% CAGR and reach US$77.9 Billion by the end of the analysis period. Growth in the Companion Animal segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$28.7 Billion While China is Forecast to Grow at 5.8% CAGR

The Veterinary Services market in the U.S. is estimated at US$28.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.5 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Veterinary Services Market – Key Trends & Drivers Summarized

Why Are Veterinary Services Integral to Animal Health and Public Safety?

Veterinary services play a vital role in maintaining the health and well-being of animals, from pets to livestock, and are crucial for public safety due to their role in disease prevention and food safety. These services encompass a broad range of medical care, including diagnostics, treatments, vaccinations, surgeries,

and emergency interventions. Veterinarians not only provide healthcare for individual animals but also contribute to public health by managing zoonotic diseases (those transmissible between animals and humans) and ensuring food safety through the health management of livestock. As the demand for animal care continues to grow, veterinary services are expanding in scope and complexity, offering more specialized and comprehensive care.

How Are Changing Consumer Attitudes and Expectations Shaping Veterinary Services?

The veterinary services market has experienced a significant transformation, driven by changing consumer attitudes towards animals, particularly pets. Pet owners are increasingly treating their pets as family members, which has led to heightened expectations for the quality and range of veterinary care. This shift has expanded the demand for services such as preventive care, dental services, nutritional counseling, and specialized treatments, including oncology and dermatology. The rise of pet insurance has also made advanced veterinary care more accessible, enabling owners to pursue treatments that were previously out of reach due to cost constraints. In parallel, the livestock sector has seen increased demand for veterinary services as farmers prioritize the health and productivity of their animals.

What Role Does Technology Play in Enhancing Veterinary Services?

Technological advancements are dramatically enhancing the scope and efficiency of veterinary services. The adoption of digital tools, such as electronic medical records (EMRs) and telemedicine platforms, has streamlined practice management and improved patient care. Telemedicine, in particular, allows veterinarians to consult with pet owners remotely, increasing access to care in rural or underserved areas. Diagnostic technologies, such as portable imaging devices, have enabled quicker and more accurate assessments in both clinics and field settings. Moreover, the development of advanced surgical techniques, including minimally invasive surgeries and laser therapies, has improved outcomes and recovery times for animals. These technologies are transforming the way veterinary care is delivered, offering more precise, timely, and effective treatments.

What Is Driving Growth in the Veterinary Services Market?

The growth in the veterinary services market is driven by several factors, including the rising pet ownership rates, advancements in veterinary technology, and increasing awareness of preventive animal healthcare. The trend of pet humanization has led to higher demand for advanced medical services, with owners seeking comprehensive care for their animals, including preventive treatments and specialized surgeries. Moreover, the increasing availability of pet insurance is making these services more accessible. In the livestock sector, the need for better disease management, driven by food safety concerns and stricter regulations, has fueled demand for veterinary services. The adoption of digital tools, such as telemedicine and electronic health records, is further expanding access to care and improving service efficiency, contributing to the market’s steady growth trajectory.

SCOPE OF STUDY:

The report analyzes the Veterinary Services market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Animal Type (Production Animal, Companion Animal); End-Use (Animal Hospitals & Veterinary Clinics, Veterinary Laboratory Testing Services)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 53 Featured) -

• Addison Biological Laboratory, Inc.
• ANIMART LLC
• CVS Group Plc
• Ethos Veterinary Health, LLC
• Greencross Ltd.
• Mars, Inc.
• National Veterinary Care Ltd.
• Pets at Home Group Plc

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.