Global Veterinary Services Market Overview: Trends Shaping Growth to 2029

November 12, 2025 by Marketing Posting

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What Market Value Is The Veterinary Services Industry Expected To Reach By 2029, Starting From 2025 Levels?

The veterinary services market has seen robust growth in recent years. Its valuation is set to rise from $154.55 billion in 2024 to $165.98 billion in 2025, achieving a compound annual growth rate (CAGR) of 7.4%. Key contributors to this expansion during the historical period include an increase in pet ownership trends, the humanization of pets, growing urbanization and population density, and the availability of companion animal insurance.

The veterinary services market size is expected to undergo substantial growth in the upcoming years. It is anticipated to expand to $220.54 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.4%. This projected growth during the forecast period can be attributed to factors such as preventive and wellness services, specialized veterinary care, the one health approach, the expansion of e-commerce in pet pharmaceuticals, and the influence of the global pandemic. Significant trends expected during this period include technological innovations, the increasing use of telemedicine and remote consultations, advancements in veterinary medicine, the adoption of telehealth for pets, and a heightened focus on preventive care.

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Which Drivers Are Impacting The Veterinary Services Market?

Global meat output is projected to climb in the upcoming period, thereby fostering the growth of the veterinary services market. For example, in February 2024, the government of UK Livestock statistics indicated that total meat production in 2022 reached 4.2 million tonnes, which was 18% higher than a decade earlier. Red meat production saw an increase in 2022, with mutton and lamb production experiencing the most substantial rise at 2.9%. This escalating production of meat products, supported by an expanding population, will intensify the demand for feed additives in the livestock industry, consequently driving the veterinary services market.

What Are The Leading Segments Analyzed In The Veterinary Services Market?

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 Competitive Trends Are Defining The Veterinary Services Market Structure?

The increasing popularity of telemedicine allows pet owners to receive high-quality veterinary care from distant areas. This technology, a segment of telehealth, covers both clinical and non-clinical facets of the healthcare system delivered remotely. It facilitates direct interaction between veterinarians and clients through communication platforms like phones, email, and video conferencing. Moreover, telemedicine contributes to enhancing existing relationships between veterinarians, clients, and their pets. The push for telemedicine services is driven by consumers’ busy schedules and their preference for individualized care. Notable veterinary clinics that offer telemedicine include Televet, Fuzzy Pet Health, and Healthpets.

Which Global Market Leaders Are Shaping The Future Of The Veterinary Services Sector?

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 Do Regional Market Performances Compare Within The Veterinary Services Industry?

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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