What is the global market size of Veterinary Services Market?

Veterinary Services Market size was valued at USD 23 billion in 2021 and is poised to grow from USD 24.97 billion in 2022 to USD 42.59 billion by 2030, growing at a CAGR of 6.9% in the forecast period (2023-2030).

Veterinary Services Market Size, Share, Growth Analysis, By Service type(Diagnostic tests, imaging, surgery, physical health monitoring), By Animal type(Companion animals, production animals), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2225 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 64 | Figures: 75

Veterinary Services Market Competitive Landscape

Top Players in the Global Veterinary Services Market

Mars Incorporated
Zoetis Inc.
IDEXX Laboratories, Inc.
Dechra Pharmaceuticals PLC
Virbac SA
Merck & Co., Inc.
Boehringer Ingelheim Animal Health GmbH
VCA Inc.
Elanco Animal Health Incorporated
Heska Corporation
Animalcare Group plc
Royal Canin
Ceva Santé Animale
Idexx Laboratories, Inc.
Nutreco N.V.
Patterson Companies, Inc.
Covetrus, Inc.
Kindred Biosciences, Inc.
Henry Schein Animal Health
Phibro Animal Health Corporation

Veterinary Services Market Recent Development

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 USD 2.78 billion.
In March 2022, Hacarus Inc. started its ECG platform along with DS Pharma Animal Health.

Veterinary Services Market Report Snapshots

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Veterinary Services Market size was valued at USD 23 billion in 2019 and is poised to grow from USD 24.97 billion in 2023 to USD 42.59 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

Global veterinary services market is a highly competitive and also fragmented in developed and developing economies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. The prime market share is distributed among the few top players, and these players are shifting their focus on technological advancements, in order to gain the maximum market share. 'Mars Incorporated', 'Zoetis Inc.', 'IDEXX Laboratories, Inc.', 'Dechra Pharmaceuticals PLC', 'Virbac SA', 'Merck & Co., Inc.', 'Boehringer Ingelheim Animal Health GmbH', 'VCA Inc.', 'Elanco Animal Health Incorporated', 'Heska Corporation', 'Animalcare Group plc', 'Royal Canin', 'Ceva Santé Animale', 'Idexx Laboratories, Inc.', 'Nutreco N.V.', 'Patterson Companies, Inc.', 'Covetrus, Inc.', 'Kindred Biosciences, Inc.', 'Henry Schein Animal Health', 'Phibro Animal Health Corporation'

Growing pet health awareness and rising demand for effective medical care are expected to drive growth in the global veterinary services market during the forecast period. For example, the Federation of Indian Animal Protection Organization (FIAPO) has been working to ensure animal welfare in India by collaborating with several animal rights protection organizations and activists. Furthermore, the federation has addressed a wide range of animal welfare issues through public awareness campaigns and lobbying.

Availability of the advanced products or services by market players is expected to support in the growth of the global veterinary services market. In June 2022, PetSmart announced the release of PetSmart Veterinary Services (PVS) to come up with a complete solution for veterinarians to open their own franchised practice and connect pet parents with local, trusted veterinarians and more convenient vet hospital spot within PetSmart stores.

Global veterinary services market is dominated by North America and the region is expected to experience significant growth during the forecast period (2022 – 2028). U.S. has emerged as a significant contributor to market growth in North America because of high adoption of pets and expenditure for their proper health care. According to the National Pet Owners Survey 2021-2022, conducted by the American Pet Products Association (APPA), around 70% of United States households own a pet, which equates to 90.5 million homes, including 45.3 million cats and 69 million dogs.

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Veterinary Services Market Size, Share, Growth Analysis, By Service type(Diagnostic tests, imaging, surgery, physical health monitoring), By Animal type(Companion animals, production animals), By Region - Industry Forecast 2024-2031

Veterinary Services Market Competitive Landscape

Veterinary Services Market Report Snapshots

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What is the global market size of Veterinary Services Market?

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