Veterinary Services - Global Strategic Business Report

The global market for Veterinary Services was estimated at US$107.3 Billion in 2023 and is projected to reach US$135.3 Billion by 2030, growing at a CAGR of 3.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Production Animal segment, which is expected to reach US$77.9 Billion by 2030 with a CAGR of a 2.6%. The Companion Animal segment is also set to grow at 4.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was valued at $28.2 Billion in 2023, and China, forecasted to grow at an impressive 5.8% CAGR to reach $29.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Veterinary Services Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Veterinary Services Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Veterinary Services Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Addison Biological Laboratory, Inc., ANIMART LLC, CVS Group Plc, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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