Veterinary Services Market Report, [2034]

VETERINARY SERVICES MARKET OVERVIEW

The global veterinary services market size was valued approximately 51.86 B USD in 2025 and will touch 95.02 B USD by 2034, growing at a compound annual growth rate (CAGR) of 6.96% from 2025 to 2034.

Qualified vets offer many services to keep animals healthy and happy. They treat, cure, and prevent diseases, injuries, and infections. Vets work in clinics, hospitals, farms, and with mobile setups. They care for animals and also teach about health. Vets organize vaccinations and promote good nutrition and cleanliness. The veterinary field is important. It affects pets, livestock, food safety, and both animals and humans.

IMPACT OF KEY GLOBAL EVENTS

“Geopolitical Tensions and Veterinary Services Market Impact”

Geopolitical tensions can play a big role in shaping the veterinary services market, especially in areas where farming and livestock rely heavily on international trade. When politics get tough, trade restrictions, tariffs, and border shutdowns can mess up the flow of animals, vet products, and meds. Take trade wars or unrest in big livestock countries—they can cut off the supply of crucial vet gear, making it tough for vets to do their job. Plus, political upheaval can slow down vet infrastructure or cut funding for animal health programs, hurting service in those places. All these geopolitical hurdles can cause supply chain backups and drive up the cost of vet services.

“Artificial Intelligence Advancements and Veterinary Services Market Impact”

The rise of artificial intelligence (AI) is shaking up the veterinary services market with fresh ways to boost animal care. AI diagnostic tools are helping vets spot diseases early and precisely, making treatments more effective and animals healthier. AI is also joining animal health monitoring systems, keeping tabs on livestock and pets' health round-the-clock. This can stop diseases from spreading or ensure pets get medical help fast. While AI opens up new doors for efficient and precise vet care, the upfront tech costs might be a hurdle for smaller clinics. Plus, worries about data privacy and finding skilled staff to run AI systems could slow down how widely these technologies are used.

LATEST TREND

” Expansion of Preventive Care in Veterinary Services”

Preventive therapy is becoming more prominent in veterinary care. Regular check-ups, vaccinations, and early screenings are high priority for both pet owners and veterinarians. It now incorporates nutrition, fitness, and mental health tips. People recognize the benefits of keeping pets healthy in the long run. It improves the quality of life for pets while saving money on veterinarian expenditures. Preventative treatment is essential for pet owners who want their animals to stay healthy. Veterinarians frequently provide this sort of care.

“Growth of Pet Wellness and Alternative Therapies”

Vet services are increasingly focusing on pet wellbeing and alternative therapies. Many pet owners choose holistic therapies such as acupuncture, chiropractic care, herbs, and physiotherapy. Veterinary clinics are adapting to satisfy the desire for natural, non-invasive therapies. This shift is also driven by a growing concern for pets' emotional and mental wellbeing, as well as their physical health. As the trend increases, veterinarians will provide more holistic and alternative options.

“Advancements in Veterinary Pharmaceuticals”

The veterinary industry is making significant advances in medications. New remedies are being developed for both common and unusual animal ailments. Modern medicines, such as biologics and improved vaccinations, handle difficult issues more accurately. There is increasing emphasis on combating antibiotic resistance. These innovative concepts are improving animal care, particularly for long-term ailments and extending the lives of pets and livestock. Specialist medications and biologics are making veterinary treatment more sophisticated and personalized.

VETERINARY SERVICES MARKET SEGMENTATION

By Type

Companion Animals Dogs, cats, birds, and small animals are typically kept for companionship. The market for veterinary services for these pets has expanded significantly. Pet owners are becoming increasingly concerned about their pets' health. They spend more money on check-ups, immunizations, dental care, and emergency services. This increases demand for veterinary services. Pets are now considered part of the family. The need for these services continues to rise. This allows for specialist care, such as holistic therapies and personalized health programs.
Production Animals Production animals, like cattle, pigs, sheep, and poultry, are raised for food, fiber, and other ag products. Vet services for them center on disease prevention, herd care, and keeping animals healthy for top productivity. This market is crucial for farming, especially in big-scale operations. With rising worries about food safety, animal welfare, and disease, demand for vet services here has soared, especially in disease tracking, vaccination, and biosecurity. Growth is steady but now more swayed by global ag trends, rules, and the drive for sustainable farming.

By Application

Medical Services Vet medical services cover diagnosing, treating, and preventing animal ailments and injuries. They span surgeries, shots, emergency care, diagnostics, and long-term chronic care. This market is ballooning, fueled by more pet owners and the growing realization of vet care's importance for pets and farm animals. Medical tech advances, like digital imaging and minor surgeries, are boosting care quality and treatment speed. With pets increasingly seen as family and well-being in focus, the need for top-notch vet services keeps climbing.
Non-medical Services Vet non-medical services cover a wide range of activities that help animals stay healthy but don't involve direct treatment. These include grooming, boarding, training, behavior advice, and pet nutrition tips. This market is also expanding, especially as pet owners want more holistic care. As people prioritize their pets' emotional and physical health, the need for services like grooming, daycare, and specialized training is growing. With a big focus on convenience and strengthening the pet-owner bond, non-medical services are now a key part of the vet service market.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

” Increasing Pet Ownership and Spending on Pet Care”

The vet services market is booming, mainly due to more pet owners and their willingness to splash out on pet health. With more pets being adopted, especially in new markets, the need for vet care has soared. Owners want top-notch services, like regular check-ups, prevention, and emergency care. Plus, pets are now seen as family, leading to more spending on their health. This trend is big in developed nations, where people have more money to spend on pet healthcare.

Restraining Factor

” High Cost of Veterinary Care”

High vet costs are a big market brake. Emergency care, surgeries, and long-term treatments for pets can be pricey, keeping some owners away. This financial hurdle can cut down vet visits, especially for poorer households. Plus, soaring animal medical costs make it tough for small vet practices to compete, struggling with bills. Affordability issues also hinder vet service adoption in emerging markets with less spare cash.

Opportunity

” Technological Advancements in Veterinary Care”

Vet care tech advances open big growth doors. Digital tools like telemedicine, AI diagnostics, and health trackers are revolutionizing how vets care for animals. These new gadgets boost diagnostic precision, let vets consult remotely, and speed up practices. Telemedicine, especially popular during the pandemic, suits pet owners and widens vets' market reach. Plus, cutting-edge tech helps prevent and treat animal diseases, fostering new vet service areas to flourish.

Challenge

” Increasing Competition and Consolidation in the Industry”

The vet services market faces tough competition and merging firms. Big corporate vet chains are growing, squeezing small practices on prices, services, and tech. This merge trend may cut consumer choices in some areas, hitting service quality. Smaller practices may find it hard to afford modern vet tech or offer personal care pet owners love. As the market merges, independent providers must stand out and keep customers loyal.

VETERINARY SERVICES MARKET REGIONAL INSIGHTS

North America

North America's vet services market is a global leader, thanks to lots of pet owners and their focus on pet health. The U.S. and Canada drive the market, with owners splashing out on vet care like preventive treatments, surgeries, and emergencies. Pets are treated like family, and specialized services like oncology and cardiology are in demand. Tech advances, like telemedicine and AI diagnostics, are boosting growth. Plus, many vet clinics and hospitals offer a wide range of services for pets and farm animals.

Europe

Europe's vet services market is growing steadily, fueled by pet owners who care about animals. Big spenders in Germany, the UK, and France lead the market for pet and livestock care. Pet owners are more health-conscious, boosting demand for preventive care and chronic disease treatments. Alternative therapies like acupuncture and chiropractic care are also popular. Strict animal welfare and food safety rules boost demand for top-notch vet services for farm animals. Yet, pricing pressures and competition from big vet chains challenge the market.

Asia

Asia's vet services market is booming, especially in China, Japan, and India, where pets and money are on the rise. More city dwellers and middle-class folks are adopting pets and seeking care. But compared to North America and Europe, the market's still young. Specialized vet services and modern infrastructure are needed. High-quality care for pets and livestock is in demand, especially in big ag sectors. Some regions face affordability and access issues, but as pet ownership grows and health awareness rises, the market looks set to expand.

KEY INDUSTRY PLAYERS

” Competitive Landscape in the Veterinary Services Industry”

The vet services market is a tough battleground, with clinics, chains, and hospitals all fighting for share. Bigger chains offer cheap prices and more services, squeezing smaller practices. But independent clinics stand out with personal care and strong client bonds. Telemedicine and mobile vet services have opened new doors for smaller players to grow. As specialized services become more popular, competition will heat up, forcing everyone to innovate and keep up with customer demands.

List of Top Veterinary Services Market Companies

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

KEY INDUSTRY DEVELOPMENTS

February 2023, the veterinary practice of Dr. Paulus in Saarbrücken, Germany, was merged into IVCEvidensiaDACH Group, which expanded the company’s regional presence and customer base.

REPORT COVERAGE

This study does a full SWOT analysis and looks at what's coming up in the market. It checks out what's making the market grow, looks at different types of markets, and sees what might change it in the future. It uses both today's trends and past big moments to understand the market better and find new growth spots.

Right now, the vet services market is growing because more people have pets, care more about animal health, and vet tech is getting better. Pets are like family now, so owners spend more on keeping them healthy, safe, and treated. This is making the market bigger. In places like North America and Europe, where people have more money, they want the best care for their pets. Also, because of food safety and animal rights, vet services for farm animals are growing too.

In the future, the vet services market will keep growing because of new tech like telemedicine, AI checks, and remote health watches. These will make vet care easier to get and more efficient, especially in places that need it most. But there will be tough competition, rules to follow, and high costs. As more people get pets, especially in new markets, the vet services market will change and offer new chances in medical and other areas.