2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Drivers Are Shaping the Growth and Development of theVeterinary Services Market?

The veterinary services market is projected to grow as global meat production is anticipated to increase within the forecasted timeframe. As an example, UK Livestock statistics revealed in February 2024 that overall meat production in 2022 stood at 4.2 million tonnes, marking an 18% growth from ten years ago. The year 2022 also saw a surge in red meat production, with mutton and lamb production seeing the biggest rise at 2.9%. The mounting production of meat products, fuelled by the expanding population, will heighten the need for feed additives in the livestock industry, propelling the veterinary services market onward.

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#How Will the CAGR of the Veterinary Services Market Influence Its Overall Growth by 2034?

The market size of veterinary services has seen robust growth in the past few years. It is anticipated to grow from its size of $156.4 billion in 2024 to an impressive $168.86 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. This development over the historic period can be attributed to variables such as an increase in pet ownership patterns, the practice of treating pets as family members, increased urbanization and population density, along with the proliferation of companion animal insurance.

The market size for veterinary services is anticipated to witness significant expansion in the upcoming years. It’s projected to reach $223.15 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the forecast period include preventive and wellness services, specialized veterinary treatment, the one health approach, digital sales of pet pharmaceuticals, and the effect of the global pandemic. Key trends expected during the forecast period encompass technological progression, telemedicine, and remote client consultations, enhancements in veterinary medicine, telehealth for pets, and an emphasis on preventive care.

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Which Cutting-Edge Market Trends Are Expected to Drive theVeterinary Services Market’s Growth?

The acceptance and use of telemedicine in pet care is on the rise as it allows pet owners to access quality health services from distant locations. Telemedicine, a component of telehealth, encompasses both clinical and non-clinical aspects of remote healthcare. It involves direct interaction between vets and pet owners through communication channels like telephones, emails, and video conferencing tools. This innovative method also bolsters the existing relationships amongst vets, clients, and their pets. The increase in demand for telemedicine services can be attributed to hectic lifestyles and customers’ affinity for personalized care. Veterinary clinics such as Televet, Fuzzy Pet Health, and Healthpets are some examples of facilities providing telemedicine services.

What Are the Leading Market Players Impacting theVeterinary Services Market’s Growth Trend?

Major companies operating in the veterinary services market include Mars Inc., Zoetis Inc., VCA Inc., IDEXX Laboratories Inc., Qiagen N.V., Pets at Home Group PLC, BluePearl Pet Hospital, Dechra Pharmaceuticals plc, PetIQ LLC, CVS Group Plc, Banfield Pet Hospital, Neogen Corporation, Vetpartners, Greencross Limited, National Veterinary Associates Inc., Pathway Vet Alliance LLC, Ethos Veterinary Health LLC, Southern Veterinary Partners, VetCor, VetStrategy, National Veterinary Care Ltd., VetnCare, PetVet Care Centers, Kremer Veterinary Services, Armor Animal Health, Addison Biological Lab Inc., FirstVet AB, Vetnovo

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How Are the Key Segments of the Veterinary Services Market Driving Opportunities and Innovations?

The veterinary services market covered in this report is segmented –

1) By Type: Animal Hospitals And Veterinary Clinics, Veterinary Laboratory Testing Services

2) By Type Of Service: Onsite, Offsite

3) By Type Of Animal: Livestock, Companion Animals

4) By Type Of Expenditure: Public, Private

Subsegments:

1) By Animal Hospitals And Veterinary Clinics: General Veterinary Practices, Specialty Veterinary Hospitals, Mobile Veterinary Services, Referral Veterinary Clinics

2) By Veterinary Laboratory Testing Services: Diagnostic Testing, Pathology Services, Microbiology Services, Genetic Testing Services

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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theVeterinary Services Market?# Market Expansion?

North America was the largest region in the veterinary services market in 2024. Asia-Pacific was the second-largest region in the veterinary services market. The regions covered in the veterinary services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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