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Add to CartGlobal Veterinary Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Service Type;
Non-Medical and MedicalBy Animal Type;
Companion and ProductionBy Delivery Channel;
Introduction, Hospitals & Clinics, Commercial Facilities, Outdoors/Ambulatory, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Veterinary Services Market Overview
Veterinary Services Market (USD Million)
Veterinary Services Market was valued at USD 137,837.82 million in the year 2024. The size of this market is expected to increase to USD 200,509.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.
Global Veterinary Services Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.5 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 5.5 % |
| Market Size (2024) | USD 137,837.82 Million |
| Market Size (2031) | USD 200,509.81 Million |
| Market Concentration | Medium |
| Report Pages | 322 |
Major Players
- CVS Group Plc
- Mars Inc.
- National Veterinary Associates
- Pets at Home Group PLC
- Greencross Vets
- Fetch! Pet Care
- IVC Evidensia
- A Place for Rover Inc
- PetSmart LLC
- Airpets International
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Veterinary Services Market
Fragmented - Highly competitive market without dominant players
The Veterinary Services Market is expanding steadily due to the growing adoption of pets and heightened attention to animal health. A larger number of households now prioritize regular veterinary checkups, with over 65% of pet owners actively seeking medical attention for their animals. This increasing focus on animal wellness is significantly boosting the demand for professional veterinary services.
Preventive Healthcare Drives Market Uptake
Preventive services, including vaccinations, parasite prevention, and wellness screenings, are gaining notable traction. These offerings now represent close to 50% of all veterinary consultations, as early detection and disease prevention become central to modern pet care strategies. This shift is helping reduce long-term treatment costs while promoting better animal outcomes.
Innovation in Veterinary Technology
Veterinary practices are integrating digital diagnostics and telehealth systems to enhance service delivery. Around 40% of clinics now use digital tools like automated lab tests and imaging systems to provide more accurate and timely care. These technologies are improving diagnostic efficiency and increasing overall client satisfaction.
Livestock Veterinary Services Gaining Momentum
Beyond pets, livestock health monitoring is a key contributor to market strength. More than 55% of commercial farms have adopted routine veterinary inspections to ensure productivity and animal well-being. These services are essential for maintaining biosecurity and meet growing demands for responsible food production practices.
Veterinary Services Market Recent Developments
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In May 2022, the Chief Minister of Andhra Pradesh, Sri YS Jagan Mohan Reddy, officially launched 175 Mobile Ambulatory Veterinary Clinics (MAVCs) with an investment of Rs 278 crore. The state government aims to establish a total of 340 Dr. YSR Sanchaara Pasu Aarogya Seva (Mobile Ambulatory Veterinary Clinics) to enhance the service delivery system and make veterinary services from the animal husbandry department more accessible to the public.
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In March 2022, Hacarus Inc. partnered with DS Pharma Animal Health to launch its ECG platform. This device measures and analyzes the heart health of dogs, assisting in the early detection of cardiac disease, which is the second leading cause of death in canines.
Segment Analysis
In this report, the Veterinary Services Market has been segmented by Service Type, Animal Type, Delivery Channel, and Geography.
Veterinary Services Market, Segmentation by Service Type
The Veterinary Services Market has been segmented by Service Type into Non-medical, and Medical.
Non-medical
Non-medical veterinary services include grooming, boarding, training, and nutrition counseling for pets and livestock. Non-medical services account for approximately 30% of the veterinary services market. This segment is driven by rising pet ownership, increasing spending on pet wellness, and demand for preventive care and lifestyle services.
Medical
Medical veterinary services dominate the market with a share of about 70%, covering diagnostics, surgeries, vaccinations, disease treatment, and emergency care. The growth of this segment is fueled by advancements in veterinary diagnostics, increased awareness about animal health, and rising demand for specialist services for both companion and farm animals.
Veterinary Services Market, Segmentation by Animal Type
The Veterinary Services Market has been segmented by Animal Type into Companion, and Production.
Companion
Companion animals include dogs, cats, and other household pets that receive veterinary services for preventive care, treatment of illnesses, vaccinations, and grooming. The companion animal segment holds the majority share of about 60% in the veterinary services market. Growth is fueled by rising pet ownership, increasing humanization of pets, and higher spending on pet healthcare.
Production
Production animals include livestock such as cattle, poultry, swine, and sheep, which require veterinary care for disease prevention, productivity enhancement, and biosecurity management. The production animal segment accounts for approximately 40% of the market and is driven by demand for animal protein, government regulations on food safety, and the need for herd health management.
Veterinary Services Market, Segmentation by Delivery Channel
The Veterinary Services Market has been segmented by Delivery Channel into Introduction, Hospitals & Clinics, Commercial Facilities, Outdoors/Ambulatory, and Others.
Hospitals & Clinics
Hospitals and clinics are the dominant delivery channels in the veterinary services market, accounting for approximately 55% of the total share. These facilities offer comprehensive diagnostic, surgical, and preventive care services for both companion and production animals. Their growth is driven by increasing demand for specialized treatments and advanced medical equipment.
Commercial Facilities
Commercial facilities include services provided at breeding centers, pet boarding facilities, and livestock production units. This segment holds about 15% of the market and plays a vital role in preventive care and population health management, especially for large-scale animal operations.
Outdoors/Ambulatory
Outdoors or ambulatory veterinary services refer to mobile care provided directly at the client’s location, particularly useful for large animals and rural livestock management. This segment contributes nearly 20% of the market and is growing due to demand for on-site treatment, emergency response, and routine herd checks.
Other
The 'Other' category includes tele-veterinary services, pharmacy-based care, and emerging virtual care platforms. Representing around 5% of the market, this segment is expanding rapidly due to the rise of digital health technologies and remote consultation needs, especially in urban and underserved regions.
Veterinary Services Market, Segmentation by Geography
In this report, the Veterinary Services Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Veterinary Services Market Share (%),by Geographical Region
North America
North America leads the veterinary services market, accounting for approximately 38% of the global share. The region benefits from a high level of pet ownership, advanced veterinary infrastructure, and growing investment in pet insurance and animal health R&D. Key countries include United States and Canada.
Europe
Europe represents nearly 25% of the veterinary services market, driven by strong regulatory standards, widespread adoption of preventive care, and a growing population of companion animals. Major contributors include Germany, France, United Kingdom, Italy, and Spain.
Asia Pacific
Asia Pacific is the fastest-growing region, contributing about 23% of the market share. Increasing awareness of animal welfare, rising livestock production, and expanding urban pet ownership are key growth drivers. Prominent markets include China, India, Japan, South Korea, and Australia.
Middle East and Africa
Middle East and Africa together account for around 7% of the veterinary services market. Growth is driven by improving veterinary infrastructure, increased government support for livestock health, and a rise in pet care services. Notable markets include Saudi Arabia, United Arab Emirates, South Africa, and Egypt.
Latin America
Latin America holds approximately 7% of the global veterinary services market. Expanding animal health initiatives, growth in livestock exports, and rising pet adoption contribute to the region’s development. Key countries include Brazil, Mexico, Argentina, and Chile.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Veterinary Services Market. These factors include; Market Drivers, Restraints and Opportunities.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Pet Ownership Rates
- Growing Demand for Companion Animal Healthcare
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Advancements in Veterinary Medicine and Technology - Rapid advancements in veterinary medicine and technology are significantly driving growth in the global veterinary services market. Innovations such as digital imaging, telemedicine platforms, molecular diagnostics, and minimally invasive surgeries have greatly improved diagnostic accuracy, treatment outcomes, and overall animal care. These developments are allowing veterinary professionals to detect diseases earlier, personalize treatments, and provide more efficient services, thereby increasing demand for specialized veterinary care across both companion and livestock animal segments.
Moreover, the integration of wearable health monitors, AI-powered analytics, and advanced therapeutics is enhancing preventive care and chronic disease management in animals. Pet owners and livestock producers are becoming more aware of the benefits offered by modern veterinary technologies, contributing to rising expectations and service utilization. This shift toward technology-driven care is expanding the scope and accessibility of veterinary services, making it a central growth factor in the evolving global market landscape.
Restraints
- Veterinary Workforce Shortages and Skill Gaps
- Financial Constraints and Cost of Veterinary Services
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Regulatory and Compliance Challenges - Regulatory and compliance challenges present a significant restraint in the global veterinary services market. The sector is governed by complex and often fragmented regulations that vary across regions, covering areas such as animal welfare standards, drug approvals, veterinary licensing, and treatment protocols. These regulatory inconsistencies can slow the introduction of new technologies, increase operational burdens for veterinary clinics, and limit international collaboration or service expansion. Navigating these frameworks requires substantial administrative effort and expertise, particularly for smaller or emerging veterinary service providers.
Additionally, increasing scrutiny from government agencies regarding the use of antibiotics in livestock, animal traceability, and compliance with ethical practices adds pressure on service providers to maintain extensive documentation and follow evolving legal standards. Non-compliance can lead to legal penalties, service disruption, or reputational damage, discouraging new entrants and innovation in the sector. These challenges, while ensuring safety and quality, often act as barriers to growth, especially in emerging markets with limited regulatory infrastructure or inconsistent enforcement.
Opportunities
- Expansion of Telemedicine and Digital Health Solutions
- Development of Preventive Care Programs and Wellness Plans
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Adoption of Interdisciplinary Approaches such as One Health Initiatives - The growing adoption of interdisciplinary approaches, such as One Health initiatives, is creating promising opportunities in the global veterinary services market. One Health emphasizes the connection between human, animal, and environmental health, encouraging collaboration across sectors to manage complex health threats like zoonotic diseases and antimicrobial resistance. This model has significantly elevated the role of veterinarians in disease surveillance, outbreak prevention, and global health policy, expanding their influence beyond traditional animal care.
Governments and health organizations are increasingly integrating veterinary expertise into public health strategies, opening doors for specialized veterinary training, cross-sector partnerships, and new funding opportunities. As these interdisciplinary efforts gain traction, veterinary services are playing a critical role in sustainable healthcare systems, contributing to epidemiology, biosecurity, and preventive care. This alignment with One Health initiatives is expected to drive innovation, strengthen market relevance, and unlock long-term growth potential for the sector.
Competitive Landscape Analysis
Key players in Global Veterinary Services Market include:
- CVS Group Plc
- Mars Inc
- National Veterinary Associates
- Pets at Home Group PLC
- Greencross Vets
- Fetch! Pet Care
- IVC Evidensia
- A Place for Rover Inc
- PetSmart LLC
- Airpets International
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Service Type
- Market Snapshot, By Animal Type
- Market Snapshot, By Delivery Channel
- Market Snapshot, By Region
- Veterinary Services Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Increasing Pet Ownership Rates
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Growing Demand for Companion Animal Healthcare
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Advancements in Veterinary Medicine and Technology
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- Restraints
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Veterinary Workforce Shortages and Skill Gaps
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Financial Constraints and Cost of Veterinary Services
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Regulatory and Compliance Challenges
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- Opportunities
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Expansion of Telemedicine and Digital Health Solutions
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Development of Preventive Care Programs and Wellness Plans
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Adoption of Interdisciplinary Approaches such as One Health Initiatives
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Veterinary Services Market, By Service Type, 2021 - 2031 (USD Million)
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Non-medical
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Medical
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- Veterinary Services Market, By Animal Type, 2021 - 2031 (USD Million)
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Companion
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Production
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Veterinary Services Market, By Delivery Channel, 2021 - 2031 (USD Million)
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Hospitals & Clinics
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Commercial Facilities
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Outdoors/Ambulatory
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Others
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- Veterinary Services Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Veterinary Services Market, By Service Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- CVS Group Plc
- Mars Inc.
- National Veterinary Associates
- Pets at Home Group PLC
- Greencross Vets
- Fetch! Pet Care
- IVC Evidensia
- A Place for Rover Inc
- PetSmart LLC
- Airpets International
- Company Profiles
- Analyst Views
- Future Outlook of the Market