Discover trends, market shifts, and competitive outlooks for the veterinary care industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Projected CAGR for the Veterinary Care Market Size from 2025 to 2034?#_x000D_

The size of the veterinary care market has seen robust growth in the past few years. This market is projected to expand from $82.04 billion in 2024 to $87.77 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.0%. Factors such as increased adoption of dogs, heightened government efforts for animal health, a growing pet population, a rise in disposable income, and the need for veterinary diagnostics have all contributed to the historical growth._x000D_

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Expectations are high for significant expansion in the veterinary care market in the near future. The market is projected to increase to $113.58 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. This predicted growth in the coming years can be credited to a number of factors, such as the growing demand for point-of-care (POC) services using portable devices, the rise in veterinary services, an increase in chronic disease instances in pets, the need for safe animal products, and a rise in rabies fatalities. Main trends to watch in the forecast period are ribonucleic acid (RNA)-particle technology, the development of innovative products in animal healthcare, advances in veterinary medicine, the emergence of digital cytology technology, and overall technological advancements._x000D_

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#How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Veterinary Care Market?#_x000D_

The surge in pet adoption is anticipated to spur the expansion of the veterinary care market. This involves assuming responsibility for a pet from a rescue group, shelter, or prior owner, and offering them a lasting home, which includes legal and ethical obligations. The rise in pet adoption is linked to various factors, such as societal changes, urbanization, and a delay in parenthood among younger adults. Essential health services and preventive care offered by veterinary professionals play an integral role in successful pet adoptions, ensuring the animal’s health and attending to any immediate healthcare needs. It was reported in October 2023 by American Pet Products Association, a non-profit organization based in the US, that 86.9 million American households, or 66% of the total households in 2022, had a pet. Additionally, Animal Medicines Australia, an association advocating for animal health, reported in November 2022 that 69% of Australian households had pets that year. Consequently, the rising trend of pet adoption propels the growth of the veterinary care market._x000D_

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#Which Segments in the Veterinary Care Offer the Most Growth?#_x000D_

The veterinary care market covered in this report is segmented –_x000D_

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1) By Product: Therapeutics, Diagnostics_x000D_

2) By Animal Type: Companion Animal, Production Animal_x000D_

3) By Type Of Care: Primary, Emergency, Critical, Specialty Services, Others Services_x000D_

4) By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Laboratory Testing Services, Other End-User_x000D_

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Subsegments:_x000D_

1) By Therapeutics: Anti-infective Drugs, Pain Management Medications, Vaccines, Anesthetics, Anti-inflammatory Drugs, Hormonal Therapies, Nutraceuticals And Supplements_x000D_

2) By Diagnostics: In-Vitro Diagnostic Tests, Imaging Equipment (X-ray, Ultrasound, MRI), Blood Testing Kits, Fecal Analysis Kits, Rapid Test Kits, Histopathology Products, Diagnostic Imaging Software_x000D_

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#What Are the Fastest-Growing Geographies in the Veterinary Care Market?#_x000D_

North America was the largest region in the veterinary care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_

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#What Key Market Trends and Innovations Are Shaping the Future of the Veterinary Care Industry?#_x000D_

Leading enterprises in the animal healthcare market are prioritizing the creation of novel products like pet emergency kits, aimed at improving the health and welfare of animals. These products address numerous needs, from preventive measures to complex medical condition treatments. A pet emergency kit comprises essential items and tools to offer initial aid to pets in minor emergencies or injuries, before professional veterinary assistance is available. Having a well-equipped emergency kit can strongly influence the handling of common pet emergencies like cuts, burns, or choking instances. For instance, MySimplePetLab., a US enterprise offering home or clinical pet care, introduced its first aid care dog kit in Target stores in August 2023. The kit is designed to offer immediate help for minor injuries, cuts, and wounds, making it a crucial possession for pet owners at home and on-the-go. The kit contains essential items such as a care guide approved by a vet, instruments for wound cleaning, wound shield, bleed-stop powder, antiseptic wipes, antibiotic ointments, gauze pads, an instant cold pack, among other items._x000D_

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#What Are the Key Elements That Define the Veterinary Care Market?#_x000D_

Veterinary care refers to the medical and preventive healthcare services veterinarians and other trained professionals provide to animals. It encompasses a wide range of activities to ensure animals’ health and well-being. Veterinary care is crucial for pets, livestock, wildlife, and other animals. This care is essential for the health of individual animals and public health, particularly when dealing with zoonotic diseases._x000D_

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