Veterinary Services Market (2025 - 2035)

Veterinary Services Market Size and Share Forecast Outlook 2025 to 2035

The Veterinary Services Market is estimated to be valued at USD 139.9 billion in 2025 and is projected to reach USD 313.3 billion by 2035, registering a compound annual growth rate (CAGR) of 8.4% over the forecast period.

Quick Stats for Veterinary Services Market

• Veterinary Services Market Industry Value (2025): USD 139.9 billion
• Veterinary Services Market Forecast Value (2035): USD 313.3 billion
• Veterinary Services Market Forecast CAGR: 8.4%
• Leading Segment in Veterinary Services Market in 2025: Production Animal (58.0%)
• Key Growth Region in Veterinary Services Market: North America, Asia-Pacific, Europe
• Top Key Players in Veterinary Services Market: Mars Inc., Greencross Ltd., National Veterinary Care Ltd., Pets at Home Group PLC, CVS Group PLC, Ethos Veterinary Health, Addison Biological Laboratory, Armor Animal Health, PetIQ, LLC

Metric	Value
Veterinary Services Market Estimated Value in (2025 E)	USD 139.9 billion
Veterinary Services Market Forecast Value in (2035 F)	USD 313.3 billion
Forecast CAGR (2025 to 2035)	8.4%

Rationale for Segmental Growth in the Veterinary Services Market

The veterinary services market is experiencing robust expansion, fueled by increased global attention on animal health, food safety, and zoonotic disease prevention. Regulatory frameworks supporting livestock health monitoring, combined with public and private sector investments in animal welfare infrastructure, have strengthened the demand for veterinary interventions.

Advances in diagnostics, telemedicine, and vaccination programs have also enhanced access to quality care, particularly in rural and agri-dominant economies. The market continues to evolve with the adoption of precision livestock farming practices and the use of data analytics to improve herd management and disease tracking.

Moreover, the integration of veterinary services into broader agribusiness value chains is creating new growth opportunities, especially in emerging markets. The continued emphasis on biosecurity, food productivity, and traceability standards is expected to solidify veterinary services as a critical component of the global food and public health ecosystem.

Segmental Analysis

The market is segmented by Animal Type and region. By Animal Type, the market is divided into Production Animal and Companion Animal. Regionally, the market is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.

Insights into the Production Animal Segment

Production animals are projected to account for 58.0% of the total veterinary services market revenue in 2025, making them the leading animal type segment. This dominance is being driven by the growing need to safeguard livestock health in order to ensure stable food supplies and maintain agricultural profitability. As protein consumption rises globally, particularly in developing regions, the pressure on farmers to increase yield efficiency and reduce morbidity rates has intensified.

Veterinary services for production animals are increasingly focused on preventive healthcare, reproductive management, and disease surveillance, especially in commercial poultry, swine, and cattle operations. Additionally, compliance with international trade and food safety standards is necessitating more structured veterinary oversight.

Government-supported vaccination programs and livestock health schemes are further accelerating demand in this segment. With food security linked closely to livestock health, production animals are expected to remain the focal point for veterinary service providers.

Development of Veterinary Services Market in the Asia Pacific

Due to rising demand for Veterinary Services in emerging nations, particularly India and China, the market in Asia Pacific is estimated to achieve the highest CAGR exceeding 9% during the forecast period. This rise is also attributed to a higher level of life. The growing pet population and pet health issues are projected to boost supplement demand.

During the projected period, the Asia Pacific market is predicted to increase favourably. Increased disposable income is predicted to boost the possibility of pet adoption and generate market growth prospects.

Furthermore, the ongoing modernization of sophisticated healthcare infrastructure is likely to drive the market throughout the forecast period. It has been highlighted that prospects in the market, particularly in the Asia Pacific region, have increased as a result of rising veterinary healthcare expenditure and a growing pet population in countries such as China and India.

Pets in Japan, for example, have longer lives, leaving them more vulnerable to knee/hip or elbow/shoulder diseases caused by ageing as well as injuries. This is expected to fuel the Japanese veterinary orthopaedics industry. Furthermore, the number of veterinarians in Japan who own pets and other small animals is increasing, implying potential market expansion.

The need for veterinarians and their services is predicted to expand in India as a consequence of increased demand for products such as meat and milk as a result of the country's growing population, which is causing livestock raising.

Revenue Of Veterinary Services From 2017 To 2021 Compared To Demand Outlook For 2025 to 2035

As per the Veterinary Services industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2020 to 2024, market value of the Veterinary Services industry increased at around 6.7% CAGR, wherein, countries such as the USA, UK, China, South Korea and Japan held significant share in the global market.

Owing to this, Veterinary Services Market is projected to grow at a CAGR of 8.4% over the coming 10 years.

• The Veterinary Services market reached a valuation of USD 129 Billion in 2024 increased by 6% over the last year. Future Market Insights estimates that Veterinary Services revenue will grow 2.4X from 2025 to 2035, reaching nearly USD 313.3 Billion in 2035.
• Companion animal segment in the animal type is expected to grow at the highest rate of 8.6% CAGR.
• The market in APAC accounts for the highest share and is set to register highest CAGR of 9.5% in the coming ten years.
• China accounted for over 12% of global veterinary services revenues in 2024.

What Factors Are Leading To Growth Of Veterinary Services Industry?

The market for the Veterinary Services industry is forecasted to experience high CAGR of 8.4% from 2020 to 2025. Growth in this market is explained by the huge increase in zoonotic and food-borne illnesses and the demand for safe and effective emergency medical care. Veterinary assistance is crucial to animal welfare, trade, and healthy populations.

Furthermore, it contributes to the protection of public health and the safety of food. According to an article published by the Organization for Animal Health (OIE), global demand for animal source foods is increasing, with demand for meat expected to reach 445 Million Tonnes by 2050.

The COVID-19 global epidemic has shifted consumer purchasing preferences away from traditional brick-and-mortar stores and toward online platforms, causing the market to grow at a faster rate.

A growing number of government projects to enhance the food security and nutrition security, biosecurity, and safety of livestock are expected to accelerate the widespread advancement of veterinary care. For example, the OIE is concerned with food safety issues and has issued guidelines to safeguard potential biological risks associated with pre-slaughter checks and inspections on farms.

Pets are an essential part of many people's lives, and the pandemic has resulted in an increase in pet adoption to combat their loneliness. Many people consider their pet to be a member of the family. As a result, to meet the rising demand, veterinary companies introduced new products, diagnostic tools, and services.

Which Region Is Projected To Offer The Largest Opportunity For Veterinary Services?

The market in Asia Pacific is expected to register the highest CAGR of over 9% during the forecast period due to increased demand for Veterinary Services in developing countries, especially India and China. This increase is also due to the improved standard of living. The increasing pet population and health concerns for pets is expected to drive the demand for supplements.

The market in Asia Pacific is expected to witness favorable growth during the forecast period. An increase in disposable income is expected to increase the likelihood of pet adoption and create growth opportunities for the market.

In addition, the continued modernization of advanced healthcare infrastructure is expected to boost the market over the forecast period. It has been noted that the opportunities in the market specifically for Asia Pacific region have spiked due to rising veterinary healthcare expenditure and rising pet population in countries like China and India.

Pets in Japan, for example, have a longer lifespan, making them more susceptible to knee/hip or elbow/shoulder disorders associated with old age as well as trauma. This is supposed to drive the veterinary orthopaedics market in Japan. Besides, the proportion of veterinarians in Japan who have pets and other small animals is growing, creating a potential growth for the market.

The requirement for veterinarians and their services is expected to rise in India as a result of the increased demand for products such as meat and milk as a result of the rising population, which is resulting in livestock rearing.

Country-Wise Analysis

Which Country Lies at the Centre-stage for Veterinary Services Revenue?

Amongst all the countries USA had the highest revenue share of more than 42%. The key drivers for this significant growth are definitive measures undertaken by various government animal welfare organisations geared toward the overall improvement of veterinary services in the United States and Canada.

In the United States, the expansion of new animal education programmes, including non-traditional programmes seeking accreditation, is expected to improve access to these services, thus broadening the scope for veterinary service adoption in the coming years.

Category-Wise Insights

Why Production Animals Dominated the Market as Animal Type for Veterinarian Services?

With a revenue share of more than 61% in 2024, revenue through production animals dominated the market. The segment's sizable market share can be attributed to high concern for food safety and sustainability of government healthcare organisations around the world. Policymakers in various countries are working to achieve total food security, which drives large-scale food production and increases livestock rearing.

The policies are aimed at long-term sustainability, which can be achieved by increasing productivity and paying more attention to livestock veterinary care. According to the Food and Agriculture Organization, animal-based food products account for one-third of human protein consumption in emerging economies, resulting in an increase in livestock productivity, which is critical to meeting the dietary needs of the growing human population.

These factors, taken together, account for the significant share captured by production animals in this segment.

Similar to other industries, COVID-19 has wreaked havoc on the livestock industry. Numerous packing and processing plants around the world were temporarily closed, and some plants experienced delivery issues as restaurants or food service professionals had to close their doors. Furthermore, during COVID-19, several veterinary laboratories received a low number of animal samples for testing, which hampered segment growth.

The high demand for effective monitoring and education about the epidemiology and pathogenesis of diseases in pets has prompted organisations such as the Companion Animal Parasite Council and the European Scientific Council Companion Animal Parasites to take appropriate measures.

These organisations also strive to increase productivity, prevent disease, and improve the nutritional content of finished pet products. The factors mentioned above are expected to drive demand for pet care services in the coming years.

Furthermore, COVID-19 has also motivated the pet owners and healthcare providers to embrace telehealth in veterinary care. As a result of the pandemic, online pet pharmacy Chewy Inc. introduced a telehealth platform for cats and dogs in October 2024. Initiatives like these contribute to the segment's growth even more.

Competitive Analysis

The key players such as Mars Inc, Greencross Ltd, National Veterinary Care Ltd, Pets at Home Group PLC, CVS Group PLC

Some of the recent developments of key Veterinary Services providers are as follows:

• In June 2024, The Seven Hills Veterinary Hospital, for example, monitored the number of referrals for urgent treatment in its phones placed under emergency or urgent cases and noted a surge in that category.
• In April 2024, VetPartners Pty. Ltd. announced the acquisition of National Veterinary Care Ltd. paying USD 251.5 Million.
• In December 2024, Mars' Linnaeus division purchased five specialty referral centres from Pets at Home in the United Kingdom for USD 132.2 Million.

Similarly, recent developments related to companies offering Veterinary Services have been tracked by the team at Future Market Insights, which are available in the full report.

Veterinary Services Market Report Scope

Attribute	Details
Forecast Period	2025 to 2035
Historical Data Available for	2020 to 2024
Market Analysis	USD Billion for Value
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania and MEA
Key Countries Covered	USA, UK, China, Japan, South Korea
Key Market Segments Covered	Animal Type, Region
Key Companies Profiled	Mars Inc.; Greencross Ltd.; National Veterinary Care Ltd.; Pets at Home Group PLC; CVS Group PLC; Ethos Veterinary Health; Addison Biological Laboratory; Armor Animal Health; PetIQ, LLC
Pricing	Available upon Request

Market Segments Covered In Veterinary Services Industry Analysis

By Animal Type:

• Production Animal
  • Cattle
  • Poultry
  • Swine
  • Other Production Animals
• Companion Animal
  • Dogs
  • Cats
  • Horses
  • Other Companion Animals

By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America