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

What External and Internal Drivers Are Contributing to the Growth of theVeterinary Healthcare Market?

The growth in global meat production is expected to boost the veterinary healthcare market. As meat production rises, particularly in emerging markets like China, India, and Brazil, the demand for veterinary care, including feed additives and health monitoring, will grow. The rising middle class and their consumption patterns are expected to further drive the market.

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

The veterinary healthcare market size has grown strongly in recent years. It will grow from $210.91 billion in 2024 to $227.13 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. This market growth is driven by the increase in pet ownership, the rise in zoonotic diseases, the expansion of the livestock industry, and the growing demand for better veterinary care and services.

The veterinary healthcare market is expected to reach $297.13 billion by 2029, at a CAGR of 6.9%. Growth drivers include the one-health approach, telemedicine, personalized medicine for pets, emerging market growth, and genomic medicine. Key trends include preventive healthcare, pet insurance, nutraceuticals for pets, animal rehabilitation, and sustainability.

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What Are the Current Market Growth and Trends in theVeterinary Healthcare Market That Industry Players Should Watch?

Nanotechnology is becoming more widely used in animal medicine as a substitute for antibiotics, helping to combat antibiotic resistance. Nanoparticles are employed as alternative antimicrobial agents to reduce antibiotic use, improve the detection of harmful bacteria, and enhance the performance of drugs and vaccines. These technologies are being applied in diagnostics, treatments, and animal growth promotion.

Who Are the Dominant Market Players Pushing the Boundaries of theVeterinary Healthcare Market?

Major companies operating in the veterinary healthcare market include Veterinary Healthcare, Zoetis Inc., Boehringer Ingelheim GmbH, Merck & Co Inc., IDEXX Laboratories Inc., Evonik Industries AG, Patterson Companies Inc., Ceva Animal Health LLC, Pets at Home Group PLC, National Veterinary Associates Inc., Phirbo Animal Health, MSD Animal Health UK Ltd., C.H. Boehringer Sohn AG & Co, Eli Lilly and Company, Vetoquinol India Animal Health Pvt Ltd., Virbac Group, Dechra Pharmaceuticals plc, Heska Corp, Phillip Brothers Chemicals Inc., Neogen Corp, Kindred Biosciences Inc., Animalcare Group plc, Biogenesis Bago Saude Animal Ltd., Nexvet Biopharma plc, Norbrook Laboratories Ltd., Ouro Fino Saude Animal Participacoes SA, PetIQ Inc., Veterinary Centers of America. Clinical Veterinary Labs, Inc., Greencross Pty Ltd., Consumer Value Stores Group plc, Independent Vetcare Ltd., AniCura AB, VetPartners UK Holdings Ltd., VetCor Professional Practices LLC .

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What Are the Core Segments of the Veterinary Healthcare Market, and How Do They Contribute to Growth?

The veterinary healthcare market covered in this report is segmented –

1) By Type: Veterinary Services, Veterinary Medical Equipment, Animal Medicine

2) By Animal Type: Dogs and Cats, Horses, Ruminants, Swine, Poultry, Other Animals

3) By Product: Instruments/Equipment, Disposables

Subsegments:

1) By Veterinary Services: Pet Care Services (Grooming, Boarding), Veterinary Hospitals And Clinics, Veterinary Diagnostics, Emergency And Specialty Veterinary Services

2) By Veterinary Medical Equipment: Diagnostic Equipment (X-ray, Ultrasound), Surgical Instruments And Equipment, Anesthesia Equipment, Monitoring Equipment (ECG, Pulse Oximeters)

3) By Animal Medicine: Vaccines, Antibiotics And Antimicrobials, Parasiticides, Pain Management Medications, Hormonal And Steroidal Medications

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What Regions Are Dominating the Veterinary Healthcare Market Growth?

North America was the largest region in the veterinary healthcare market in 2023. Asia-Pacific was the second-largest region in the veterinary healthcare market. The regions covered in the veterinary healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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