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Starting from its 2026 valuation, what market size is the Veterinary Services Market expected to reach by 2030?

The veterinary services market has experienced robust growth in recent years. It is anticipated to increase from $165.98 billion in 2025 to $177.89 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.2%. Historically, this expansion can be ascribed to a growing pet population, an increase in livestock farming activities, heightened awareness of animal health, the proliferation of veterinary hospitals and clinics, and government regulations that support animal well-being.

The veterinary services market is anticipated to experience significant expansion in the coming years. By 2030, its value is projected to reach $237.06 billion, demonstrating a compound annual growth rate (CAGR) of 7.4%. This growth during the forecast period can be ascribed to several factors, including the incorporation of advanced diagnostic technologies, an increasing need for mobile veterinary services, the rise in genetic and pathology testing, a greater embrace of preventive healthcare, and the proliferation of specialty and referral clinics. Key trends anticipated for the same period encompass the proliferation of mobile veterinary services, an increase in specialty veterinary practices, a rise in both onsite and offsite laboratory testing, the implementation of preventive and wellness care initiatives, and heightened spending on companion animal health.

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What Drivers Are Driving Adoption Within The Veterinary Services Market?

The veterinary services market is projected to grow, driven by the increasing adoption of companion animals. Companion animals are domesticated or domestic-bred creatures whose physical, emotional, behavioral, and social needs are readily met as housemates or in close proximity to humans. This rise in adoption is attributed to a greater 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 diagnosing and treating health issues in these animals, ensuring their well-being, and preventing the spread of zoonotic diseases. For instance, data from US-based Insurance Zebra Pet Adoption Statistics, published in July 2024, revealed that 3.2 million dogs were admitted to shelters across America in 2023, which was a 0.2% increase from 2022. Additionally, in 2022, approximately 44.5% of households owned a dog as a pet. Therefore, the growing trend of companion animal adoption is a primary force propelling the expansion of the veterinary services market.

How Is The Veterinary Services Market Organized Into Various Segments?

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

Which Trends Are Influencing The Development Of The Veterinary Services Market?

Leading companies in the veterinary services market are concentrating on creating innovative solutions, such as virtual veterinary care platforms, to improve access and streamline the delivery of pet healthcare. These platforms are online telemedicine services that allow pet owners to consult with licensed veterinarians through video calls from their homes, thereby enhancing accessibility, decreasing wait times, and broadening service reach beyond traditional clinics. For instance, in July 2025, TelaVets Inc., a US-based veterinary care technology company, introduced its virtual veterinary platform. This platform links pet owners with accredited veterinarians nationwide for affordable online consultations, providing transparent pricing, convenient scheduling, and expert care from home. Moreover, the platform integrates smoothly into standard veterinary care offerings, boosting client satisfaction and operational efficiency, though digital access and regulatory differences might impact adoption in some regions.

Who Are The Major Companies Operating In The Veterinary Services Market?

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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Which Region Is Anticipated To See The Fastest Growth In The Veterinary Services Market?

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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