Veterinary Services - Global Strategic Business Report

The global market for Veterinary Services was valued at USD 110.6 Billion in 2024 and is projected to reach USD 135.3 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

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.

Report Scope

The report analyzes the Veterinary Services market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Production Animal segment, which is expected to reach $77.9 Billion by 2030 with a CAGR of a 2.7%. 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, valued at $28.7 Billion in 2024, 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.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 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, Ethos Veterinary Health, LLC, Greencross Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

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?

Some of the 53 major companies featured in this Veterinary Services market report include:

• 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