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Veterinary Services Market Growth Potential: How Will Market Size Shift Through 2030?
The veterinary services market has experienced significant growth over recent years. It is projected to expand from $165.98 billion in 2025 to $177.89 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.2%. The increase observed in the past can be attributed to a growing pet population, rising livestock farming activities, increasing awareness of animal health, the expansion of veterinary hospitals and clinics, and government regulations supporting animal health.
The veterinary services market is anticipated to experience substantial growth in the upcoming years, with its size projected to reach $237.06 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.4%. This expansion during the forecast period can be linked to the integration of advanced diagnostic technologies, a growing demand for mobile veterinary services, an increase in genetic and pathology testing, wider adoption of preventive healthcare, and the proliferation of specialty and referral clinics. Significant trends expected in this period encompass the spread of mobile veterinary services, an increase in specialized veterinary practices, a rise in both onsite and offsite laboratory testing, the implementation of preventive and wellness care programs, and increased expenditure on companion animal health.
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Veterinary Services Market Growth Factors: What’s Supporting Expansion?
An anticipated increase in the ownership of companion animals is poised to stimulate the expansion of the veterinary services market. Companion animals are defined as domesticated or domestic-bred creatures whose physical, emotional, behavioral, and social requirements are readily met as housemates or in close proximity to humans. The growing adoption of these animals can be attributed to a heightened awareness of mental and emotional well-being, as individuals in modern lifestyles increasingly seek pets for companionship, stress reduction, and emotional support. Veterinary services are vital for the diagnosis and treatment of health issues in companion animals, ensuring their welfare and preventing the spread of zoonotic diseases. For instance, in July 2024, based on US-based Insurance Zebra Pet Adoption Statistics, 3.2 million dogs were admitted to shelters across America in 2023, marking a 0.2% increase from 2022. In 2022, approximately 44.5% of households owned a dog as a pet. Therefore, the increasing adoption of companion animals is a key factor propelling the growth of the veterinary services market.
Veterinary Services Market Segmentation And Category Overview
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
Veterinary Services Market Industry Trends: What’s Reshaping Demand?
Leading firms in the veterinary services market are concentrating on creating novel solutions such as virtual veterinary care platforms to improve access and simplify the provision of pet healthcare. These platforms are online telemedicine offerings that allow pet owners to connect with certified veterinarians through video calls from their residences, thereby boosting accessibility, cutting down on waiting periods, and extending service availability beyond traditional clinics. For example, in July 2025, TelaVets Inc., a US-based veterinary care technology enterprise, introduced its virtual veterinary platform. This particular platform links pet owners with licensed veterinarians across the nation for cost-effective online consultations, providing transparent pricing, easy scheduling, and professional care from the comfort of their homes. Furthermore, the platform integrates smoothly into existing veterinary care services, enhancing client contentment and operational effectiveness, although varying levels of digital access and regulatory differences might impact its uptake in specific areas.
Veterinary Services Market Competitive Analysis Of Leading Industry Participants
Major companies operating in the veterinary services market are 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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Veterinary Services Market Geographic Distribution And Regional Opportunities
North America was the largest region in the veterinary services market in 2025. Asia-Pacific was the second-largest region in the veterinary services market. The regions covered in the veterinary services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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