Mordor Intelligence has published a new report on the Veterinary Services Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The Veterinary Services Market is projected to be valued at USD 128.73 billion in 2025 and is anticipated to grow to USD 163.52 billion by 2030, registering a CAGR of 4.9% over the forecast period (2025–2030), the sector is experiencing shifts influenced by changing pet ownership dynamics, service expectations, and workforce sustainability concerns.
The deepening bond between humans and their pets is reshaping the veterinary landscape. In North America, for instance, 66% of pet owners now regard their animals as family members. This emotional connection is driving demand for specialized services, including preventive care, advanced diagnostics, and even mental health support for animals.
Veterinary Services Market Key Trends
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Elevated Expectations in Pet Care
The humanization of pets has led to increased expectations for veterinary services. Pet owners are seeking comprehensive care that mirrors human healthcare, prompting clinics to offer services like wellness plans, personalized treatment, and extended hours. Boutique practices focusing on areas such as geriatric care and holistic medicine are also emerging to meet these demands.
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Workforce Sustainability Concerns
Behind the growing demand lies a workforce grappling with significant challenges. High levels of student debt and occupational stress are contributing to staffing shortages and increased service costs. In response, some practices are implementing wellness programs, flexible scheduling, and innovative compensation models to support their teams.
Veterinary Services Market Segmentation
The veterinary services market is segmented based on service type, animal type, and geography:
By Service:
- Surgery
- Diagnostic Tests and Imaging
- Physical Health Monitoring
- Other Services
By Animal Type:
- Companion Animals
- Farm Animals
By Geography:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- South America
This segmentation reflects the industry’s adaptability to various needs, from urban pet care to agricultural animal health.
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Key Players
Several companies are instrumental in driving the veterinary services market forward:
- CVS Group PLC
- Ethos Veterinary Health
- IDEXX Laboratories
- Mars Inc.
- Zoetis
These organizations contribute through various avenues, including clinical services, diagnostics, pharmaceuticals, and technological innovations.
Conclusion
As the veterinary services market approaches USD 128.73 billion by 2025, stakeholders must navigate evolving consumer expectations and address workforce sustainability. The industry’s future will likely be shaped by its ability to adapt to these changes, ensuring both animal welfare and the well-being of veterinary professionals.
Industry Related Reports
Veterinary Care Market : The Veterinary Care Market Report is Segmented by Animal Type (Companion Animal (Dogs, Cats, Equine, Others), Production Animal), Type of Care (Primary. Emergency, Critical, Specialty Services, Other Services), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
Mobile Veterinary Care Market: The Mobile Veterinary Care Market Report is Segmented by Service (Medical Care, and Grooming), Animal Type (Companion Animals, and Livestock Animals), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
Veterinary Medicine Market: The Veterinary Drugs Market Report is Segmented by Product Type (Drugs (Anti-Infectives, Anti-Inflammatory, Parasiticides, and Other Drugs), Vaccines (Inactive Vaccines, Attenuated Vaccines, Recombinant Vaccines, and Other Vaccines), Medicated Feed Additives (Aminoacids, Antibiotics, and Other Medicated Feed Additives), Animal Type (Companion Animals (Dogs, Cats, and Other Companion Animals), Livestock Animals (Cattle, Poultry, Swine, Sheep, and Other Livestock Animals), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).
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