Veterinary Services Market
By Service Type;
Diagnostic Tests & Imaging, Physical Health Monitoring, Surgery, Artificial Insemination, Grooming, Vaccination and OthersBy Animal Type;
Food Producing Animals-[Cattle, Pigs, Sheep & Goats, Poultry and Others] and Companion Animals-[Cats, Dogs, Horses and Others]By Delivery Channel;
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%.
Veterinary Services Market
*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
Veterinary Services Market
Fragmented - Highly competitive market without dominant players
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 Key Takeaways
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Market Expansion The global veterinary services market was valued at approximately driven by increasing pet ownership, rising demand for animal healthcare and advancements in veterinary medicine.
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Service Segmentation The medical services segment led the market with a revenue share of 70.50% in 2024, encompassing diagnostics, surgery, and emergency care, reflecting the growing need for comprehensive animal healthcare services.
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Animal Type Focus Production animals accounted for 58.57% of the market share in 2024, highlighting the significant role of livestock in the veterinary services industry, particularly in regions with strong agricultural sectors.
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Regional Dynamics North America held the largest market share of 36.95% in 2024, attributed to advanced healthcare infrastructure and high spending on pet care, while Asia-Pacific is expected to be the fastest-growing region due to increasing urbanization and pet adoption.
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Technological Integration The adoption of digital tools, such as telemedicine platforms and AI-driven diagnostics, is enhancing service delivery and accessibility, particularly in underserved areas and for routine consultations.
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Corporate Consolidation The veterinary services market is witnessing consolidation, with large corporate clinic chains holding a significant market share, indicating a trend towards centralized operations and standardized service offerings.
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Regulatory Developments In markets like the UK, regulatory bodies are proposing reforms to improve price transparency and competition in the veterinary sector, aiming to make veterinary services more affordable and accessible to pet owners.
Veterinary Services Market Recent Developments
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In October 2021, VetPartners acquired Goddard Veterinary Group, boosting its UK–Ireland footprint and enriching clinic offerings with advanced diagnostic tools and specialty treatments.
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In November 2024, Silver Lake and Shore Capital combined Southern Veterinary Partners and Mission Veterinary Partners in an 8.6 billion merger, forming a U.S. veterinary care leader with 750+ clinics and 580 million in EBITDA.
Veterinary Services Market Segment Analysis
In this report, the Veterinary Services Market has been segmented by Service Type, Animal Type, Delivery Channel and Geography. These segmentation axes shape demand patterns, diagnostic utilization, preventive care expansion and commercialization strategies across global veterinary healthcare ecosystems.
Veterinary Services Market, Segmentation by Service Type
The Service Type segmentation reflects the broad range of clinical, diagnostic, preventive and specialized services driving veterinary healthcare demand. Rising focus on early disease detection, expansion of preventive care programs and increasing utilization of advanced imaging have accelerated service adoption by more than 55%. Each service category plays a critical role in shaping patient outcomes and operational dynamics across veterinary facilities.
Diagnostic Tests & Imaging
Diagnostic tests & imaging represent one of the fastest-growing service segments, driven by higher caseload complexity and increased investment in advanced radiology and lab capabilities. Usage has risen above 60% as clinics prioritize accurate disease detection and treatment planning.
Physical Health Monitoring
Physical health monitoring services support routine wellness evaluations, chronic disease tracking and preventive care interventions. Adoption has increased beyond 48% as pet owners seek continuous health management and veterinarians emphasize early-stage detection.
Surgery
Surgical procedures remain a major revenue driver across veterinary practices, covering orthopedic, soft tissue and emergency surgeries. Demand has expanded over 50% due to rising accident cases and increased access to specialized surgical facilities.
Artificial Insemination
Artificial insemination services support livestock productivity, genetic improvement and reproductive efficiency. Utilization has grown beyond 42% as farms adopt structured breeding programs and modern reproductive technologies.
Grooming
Grooming services help maintain hygiene, comfort and dermatological health among companion animals. Adoption has risen over 38% as pet owners increasingly invest in regular wellness and cosmetic care routines.
Vaccination
Vaccination services are essential for preventing infectious diseases, supporting herd immunity and reducing zoonotic risks. Uptake continues to expand more than 58% as compliance improves and preventive care becomes a higher priority.
Others
The Others category includes behavioral care, dental services, nutrition counseling and emergency treatment. Growth above 25% reflects broader service diversification and modernization of veterinary practices.
Veterinary Services Market, Segmentation by Animal Type
The Animal Type segmentation highlights varying service demand across livestock and companion species. Increasing livestock productivity programs, growth in pet humanization and expanding preventive healthcare uptake have pushed veterinary service utilization upward of 52%. Clinical needs vary significantly between food-producing and companion animal groups.
Food Producing AnimalsFood-producing animals drive substantial service demand linked to herd health management, productivity improvement and disease prevention. Adoption increases above 48% as farms integrate structured veterinary care, reproductive services and diagnostic monitoring.
- Cattle
Cattle services support mastitis control, reproductive optimization, metabolic disorder management and wellness surveillance. Utilization grows more than 45% with increased focus on productivity and disease prevention.
- Pigs
Pig services include outbreak monitoring, vaccination programs and reproductive assistance. Adoption rises above 42% as intensive farming systems scale up health management protocols.
- Sheep & Goats
Sheep & goat services support parasitic control, reproduction and metabolic disease management. Growth surpasses 30% due to expanded livestock development initiatives.
- Poultry
Poultry veterinary services are essential for flock health monitoring, large-scale vaccination and disease containment. Usage rises over 55% across commercial farms prioritizing biosecurity.
- Others
This group includes camels, buffaloes and additional food-producing animals requiring routine veterinary interventions. Service uptake expands more than 22% with broader farm health programs.
Companion animals form the highest-growth service segment due to rising pet ownership, expansion of premium care and increased chronic disease prevalence. Service usage climbs above 58% as veterinary clinics scale preventive, diagnostic and advanced-care offerings.
- Cats
Cat services include preventive care, chronic disease management and advanced diagnostics. Growing feline health awareness drives adoption beyond 40%.
- Dogs
Dog services dominate the companion animal segment, supported by high clinical visit frequency and strong demand for specialty care. Usage increases more than 55%.
- Horses
Equine veterinary services include orthopedic evaluations, emergency treatment, dental care and reproductive management. Adoption rises above 35% with expanding equine sports and wellness programs.
- Others
This group includes rabbits, birds and exotic pets receiving species-specific veterinary care. Service uptake grows over 22% as exotic pet ownership increases.
Veterinary Services Market, Segmentation by Delivery Channel
The Delivery Channel segmentation captures service delivery modalities across clinical, commercial and mobile settings. Rising demand for integrated veterinary care, increasing convenience-driven service models and expanding mobile interventions have increased service uptake above 50% across all channels.
Hospitals & Clinics
Hospitals & clinics remain the primary delivery channel due to well-equipped facilities, experienced practitioners and advanced diagnostic infrastructure. Service utilization surpasses 58% with growing emphasis on comprehensive care and emergency services.
Commercial Facilities
Commercial veterinary facilities deliver grooming, wellness treatments and selected diagnostic services. Adoption increases above 38% as consumer spending on routine pet care continues to rise.
Outdoors & Ambulatory
Outdoor and ambulatory veterinary services address field-based needs such as livestock visits, equine care and rural pet services. Demand grows more than 45% with rising preference for flexible, on-site veterinary support.
Others
The Others category includes NGOs, rescue centers, animal shelters and specialty service providers. Usage increases above 25% as animal welfare programs expand globally.
Veterinary Services Market, Segmentation by Geography
The Geography segmentation demonstrates regional variability in service accessibility, veterinary infrastructure, diagnostic readiness and preventive care adoption. Differences exceed 52% globally, driven by regulatory frameworks, economic development and evolving animal health priorities.
Regions and Countries Analyzed in this Report
North America
North America leads the market due to advanced veterinary infrastructure, strong adoption of preventive care programs and high spending on companion animal services. Service utilization expands above 62% as clinics upgrade capabilities and pet ownership rises.
Europe
Europe demonstrates strong service adoption supported by structured animal welfare regulations, expanding veterinary networks and high awareness of comprehensive pet care. Growth surpasses 50% across major economies.
Asia Pacific
Asia Pacific is the fastest-growing region, driven by rising pet population, livestock sector expansion and increased investment in modern veterinary services. Service demand climbs above 65% as veterinary practices scale infrastructure and diagnostic capabilities.
Middle East & Africa
The Middle East & Africa region shows steady growth with increasing awareness of animal health, expanding veterinary training programs and improving clinical infrastructure. Service usage increases more than 32% across developing markets.
Latin America
Latin America experiences rising service adoption supported by livestock productivity initiatives and growing pet care expenditure. Utilization rises above 40% as veterinary networks broaden and preventive care becomes more prominent.
Veterinary Services Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Veterinary Services Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
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 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 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 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.
Veterinary Services Market Competitive Landscape Analysis
veterinary services market is witnessing heightened competition as healthcare providers and clinics focus on innovation, preventive care strategies, and cross-sector collaboration to improve animal health outcomes. Over 68% of service providers are integrating diagnostic imaging, telemedicine platforms, and AI-based health monitoring to enhance service efficiency. Expanding partnerships and targeted mergers are strengthening clinical infrastructure, advancing research, and driving adoption across companion, livestock, and equine care services.
Market Structure and Concentration
The market reflects moderate concentration, with nearly 59% of participants focusing on preventive healthcare, diagnostics, and surgical interventions. Core strategies emphasize quality care, affordability, and advanced treatment adoption. Strengthened collaboration with universities, research institutions, and pharmaceutical firms supports growth, ensuring continuous innovation, enhanced service delivery, and integration of evidence-based veterinary practices.
Brand and Channel Strategies
Around 62% of veterinary networks are employing omni-channel strategies combining in-clinic services, mobile veterinary care, and digital consultation platforms. Strategic partnerships with diagnostic labs, pet insurers, and e-health providers expand accessibility. Continuous collaboration fosters growth through wellness plans, educational programs, and data-driven care, while strong brand positioning highlights trust, expertise, and compassionate service delivery.
Innovation Drivers and Technological Advancements
Over 72% of advancements are powered by innovation in wearable health monitoring, genomics, and predictive diagnostics. Companies are leveraging technological advancements such as AI-based triage, mobile health apps, and robotic-assisted surgery. Deep collaboration with biotech firms and veterinary schools supports growth, enabling precision medicine, early disease detection, and enhanced treatment planning across animal species.
Regional Momentum and Expansion
Significant expansion is being observed as 64% of enterprises engage in regional collaboration with animal health organizations, distributors, and local clinics. Strategic partnerships strengthen accessibility in underserved areas, workforce training, and compliance with healthcare standards. Adaptive strategies centered on sustainability, digitalization, and preventive wellness sustain growth, aligning with increasing awareness of animal welfare and healthcare innovation.
Future Outlook
The future outlook highlights ongoing innovation and patient-focused strategies, with over 70% of companies investing in AI diagnostics, telehealth expansion, and genomic screening. Broader collaboration and cross-industry partnerships will drive growth, positioning veterinary services as integral to global health ecosystems through advanced care, digital transformation, and sustainable animal wellness initiatives.
Key players in Veterinary Services Market include:
- Mars, Inc.
- National Veterinary Care Ltd
- Pets at Home Group
- CVS Group
- Greencross Ltd
- Ethos Veterinary Health
- IVC Evidensia
- Idexx Laboratories, Inc.
- PetIQ, LLC
- National Veterinary Associates
- Fetch! Pet Care
- Banfield Pet Hospitals
- IPlace for Rover, Inc.
- Chewy, Inc.
- GoodVets
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- 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 Forces
- 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)
- Diagnostic Tests & Imaging
- Physical Health Monitoring
- Surgery
- Artificial Insemination
- Grooming
- Vaccination
- Others
- Veterinary Services Market, By Animal Type, 2021 - 2031 (USD Million)
- Food Producing Animals
- Cattle
- Pigs
- Sheep & Goats
- Poultry
- Others
- Companion Animals
- Cats
- Dogs
- Horses
- Others
- Food Producing Animals
- Veterinary Services Market, By Delivery Channel, 2021 - 2031 (USD Million)
- Hospitals & Clinics
- Commercial Facilities
- Outdoors & Ambulatory
- Others
- 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
- Mars, Inc.
- National Veterinary Care Ltd
- Pets at Home Group
- CVS Group
- Greencross Ltd
- Ethos Veterinary Health
- IVC Evidensia
- Idexx Laboratories, Inc.
- PetIQ, LLC
- National Veterinary Associates
- Fetch! Pet Care
- Banfield Pet Hospitals
- A Place for Rover, Inc.
- Chewy, Inc.
- GoodVets
- Company Profiles
- Analyst Views
- Future Outlook of the Market

