Veterinary Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Offers Global Veterinary Services Market Growth & Industry Overview. The Market is Segmented by Service (Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, and Other Services), Animal Type (Companion Animal, and Farm Animal), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Veterinary Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Veterinary Services Market Size

Veterinary Services Market Summary
Study Period 2021 - 2030
Market Size (2025) USD 128.73 Billion
Market Size (2030) USD 163.52 Billion
CAGR (2025 - 2030) 4.90 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Veterinary Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Veterinary Services Market with other markets in Healthcare Industry

Biotechnology

Pharmaceuticals

Healthcare IT

Medical Devices

Animal Health

Device Drug Combination

Veterinary Services Market Analysis

The Veterinary Services Market size is estimated at USD 128.73 billion in 2025, and is expected to reach USD 163.52 billion by 2030, at a CAGR of 4.9% during the forecast period (2025-2030).

Due to the COVID-19 outbreak, a short-term impact was seen on the Veterinary Services Market owing to the decreased visits to veterinary hospitals and clinics. However, owing to the increasing adoption of pets during the pandemic and stringent restrictions on traveling, and strict lockdown policies globally, the focus on Veterinary Services increased. The government and non-government organizations for animals have taken steps forward to start new initiatives in the Veterinary Industry. Furthermore, as the pandemic progressed, many service providers and organizations within the Veterinary Services Industry focused on veterinary vaccination to protect animals from COVID-19 infection. For instance, in July 2021, Zoetis donated COVID-19 vaccines to help support the health of zoo animals. Additionally, in June 2022, the Government of India launched Ancovax, a COVID-19 vaccine for animals such as dogs, lions, leopards, mice, and rabbits. Therefore, based on the factors stated above, the COVID-19 pandemic was anticipated to have a significant impact on the Veterinary Services Market studied.

The increase in animal adoption, the rise in prevalence of animal diseases, better animal health awareness, and the increase in research and development (R&D) and government initiatives globally are the major factors attributed to the growth of the Veterinary Services Market.

A significant rise in the adoption of pet animals, including dogs, cats, and even horses, as companions of human beings has been observed over recent years. Moreover, farm animals, including cattle and swine, are also being taken in for various commercial purposes. Because of their promising economic conditions, developed economies account for a disproportionately large share of companion animal ownership. For example, the Pet Food Manufacturers Association (United Kingdom) reported that in the year 2021, around 17 million households in the United Kingdom were estimated to own pets. The rise in pet ownership is raising awareness about pet safety. This ultimately creates demand for advanced Veterinary Services and contributes to the growth of the Veterinary Market during the analysis period.

Additionally, pet owners have been investing significantly in their pets, which has resulted in rising expenditure on their health, thus boosting the Pet Healthcare Market and acting as a key driver for market growth. An article by the Government of Canada on reportable diseases in terrestrial animals updated in February 2021 listed a few diseases that affect animals, including companion animals in the region. The large list of diseases includes "eugenic infectious anemia," "equine piroplasmosis," "Newcastle disease," "Pullorum disease," and "vesicular stomatitis," among others. The increase in the occurrence of diseases among companion animals in Canada calls for the availability of Animal Healthcare Services for better diagnosis and treatment and requires the availability of associated medications. This is further expected to provide lucrative growth for the Veterinary Services Market during the study period.

Furthermore, developments are increasing in the Veterinary Services Market. For instance, in February 2021, DialCare developed an innovative new virtual veterinary program that contributes to the Veterinary Telemedicine Market by providing members with quick access to licensed veterinary doctors for advice and counseling on their dogs via video or phone chat. In addition, the qualified veterinary professionals at DialCare Virtual Vet can provide information on general Pet Healthcare. In January 2021, Davies Veterinary Specialists in Hitchin and Southfields Veterinary Specialists in Essex in the United Kingdom launched advanced Veterinary Surgical services, including veterinary dentistry and maxillofacial surgery for pets. Such developments are also fueling Veterinary Services Market Growth over the projected period.

Therefore, the Veterinary Services Market Outlook is expected to witness growth over the forecast period owing to the factors mentioned above. However, the shortage of skilled personnel and the increasing cost of Veterinary Services are anticipated to hamper market growth over the study period.

Veterinary Services Industry Overview

The Veterinary Services Market is moderately concentrated and consists of several major players. There is a sustainable competitive advantage through innovations between companies. The major market share is distributed among the few top players, and these players are focusing on technological advancements in order to gain the maximum market share. In terms of market share, a few of the major players currently dominate the market. Companies like CVS Group PLC, Ethos Veterinary Health, IDEXX Laboratories, National Veterinary Care Ltd., and Mars Inc. hold substantial shares in the market. Additionally, market players are focusing on launching new services and expanding their services globally, contributing to the growth of the Veterinary Services Industry.

Veterinary Services Market Leaders

  1. CVS Group PLC

  2. Ethos Veterinary Health

  3. Idexx Laboratories

  4. Mars Inc.

  5. Zoetis

  6. *Disclaimer: Major Players sorted in no particular order
Veterinary Services Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Veterinary Services Market News

  • 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 planned to establish 340 Dr. YSR Sanchaara Pasu Aarogya Seva, or Mobile Ambulatory Veterinary Clinics (MAVC), in the state to improve the service delivery system and ensure that the veterinary services provided by the animal husbandry department are more easily accessible to the public.
  • March 2022: Hacarus Inc. launched its ECG platform along with DS Pharma Animal Health. The device measures and analyzes the heart condition of dogs to aid in the early detection of cardiac disease, the second leading cause of death for canines.

Veterinary Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Prevalence of Various Diseases in Animals
    • 4.2.2 Rising Adoption of Animals
    • 4.2.3 Growing Expenditure on Animals/Pets
  • 4.3 Market Restraints
    • 4.3.1 Shortage of Skilled Personnel
    • 4.3.2 Increasing Cost of Veterinary Services
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Service
    • 5.1.1 Surgery
    • 5.1.2 Diagnostic Tests and Imaging
    • 5.1.3 Physical Health Monitoring
    • 5.1.4 Other Services
  • 5.2 By Animal Type
    • 5.2.1 Companion Animal
    • 5.2.2 Farm Animal
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 South Korea
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 GCC
    • 5.3.4.2 South Africa
    • 5.3.4.3 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 CVS Group PLC
    • 6.1.2 Ethos Veterinary Health
    • 6.1.3 Greencross Limited
    • 6.1.4 Idexx laboratories
    • 6.1.5 Mars Inc.
    • 6.1.6 Armor Animal Health (Animart)
    • 6.1.7 Kremer Veterinary Services
    • 6.1.8 FirstVet AB
    • 6.1.9 CityVet Inc.
    • 6.1.10 Zoetis
    • 6.1.11 Elanco
    • 6.1.12 ELIAS Animal Health
    • 6.1.13 Karyopharm Therapeutics, Inc.
    • 6.1.14 Torigen Pharmaceuticals Inc.
    • 6.1.15 Elekta
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Veterinary Services Industry Segmentation

As per the scope of the report, veterinary services refer to all kinds of facilities, solutions, systems, and services targeted at animal health welfare, including hospitalization, dentistry, diagnostics, surgery, nursing, medication, medical devices, specialist referral, alternative therapies, and behavioral therapies performed by a veterinarian. The Veterinary Services Market is segmented by Service (Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, and Other Services), Animal Type (Companion Animal, and Farm Animal), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Service Surgery
Diagnostic Tests and Imaging
Physical Health Monitoring
Other Services
By Animal Type Companion Animal
Farm Animal
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
Need A Different Region or Segment?
Customize Now

Veterinary Services Market Research FAQs

How big is the Veterinary Services Market?

The Veterinary Services Market size is expected to reach USD 128.73 billion in 2025 and grow at a CAGR of 4.90% to reach USD 163.52 billion by 2030.

What is the current Veterinary Services Market size?

In 2025, the Veterinary Services Market size is expected to reach USD 128.73 billion.

Who are the key players in Veterinary Services Market?

CVS Group PLC, Ethos Veterinary Health, Idexx Laboratories, Mars Inc. and Zoetis are the major companies operating in the Veterinary Services Market.

Which is the fastest growing region in Veterinary Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Veterinary Services Market?

In 2025, the North America accounts for the largest market share in Veterinary Services Market.

What years does this Veterinary Services Market cover, and what was the market size in 2024?

In 2024, the Veterinary Services Market size was estimated at USD 122.42 billion. The report covers the Veterinary Services Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Veterinary Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Veterinary Services Industry Report

The veterinary services market is experiencing robust growth, fueled by heightened pet health awareness, an uptick in animal diseases, and an escalated demand for both medical and non-medical animal care. With companion animals leading the market due to increased pet adoption and advancements in veterinary services, surgery emerges as the dominant service segment, reflecting significant medical care needs. The Asia-Pacific region, characterized by a burgeoning pet population and improved economic status, is poised for remarkable growth, supported by government initiatives aiming to enhance animal health. Trends such as pet humanization and sustainable animal husbandry practices further propel market growth. Key market segments also encompass diagnostic tests, grooming, and vaccination services for both companion and food-producing animals. Despite the hurdles of high service costs and personnel shortages, the veterinary industry is set for advancement, driven by service innovations and expansions. Statistics for the Veterinary Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Veterinary Services analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.