PUBLISHER: Grand View Research | PRODUCT CODE: 1842323
PUBLISHER: Grand View Research | PRODUCT CODE: 1842323
The global veterinary services market size was estimated at USD 145.65 billion in 2024 and is projected to reach USD 281.93 billion by 2033, growing at a CAGR of 7.66% from 2025 to 2033. The veterinary services industry is advancing, driven by rising pet ownership and spending on animal healthcare, rising prevalence of chronic and infectious diseases in pets and livestock, and advancements in diagnostics and treatment technologies.
Growing demand for preventive care, wellness services, and specialized veterinary expertise further accelerates market growth. For instance, in September 2025, SignalPET introduced SignalPET 360°, a comprehensive radiology solution designed to streamline veterinary diagnostics. The platform integrates AI-powered immediate triage, a Complete AI Report modeled after radiologist reports, and 24/7 access to board-certified radiologists, all in one system. By merging AI technology with radiologist expertise, the platform enables clinics to work faster, make confident decisions, and provide better patient care.
The veterinary services industry is witnessing strong growth, primarily fueled by the rapid rise in pet ownership and increasing emphasis on preventive healthcare. In 2024, 66% of U.S. households (86.9 million homes) owned a pet, with dogs and cats making up the majority. This surge in pet adoption has driven demand for routine veterinary checkups, diagnostics, and preventive services, as pet owners increasingly view animals as family members. Spending reflects this trend-pet-related expenditures reached USD 150.6 billion in 2024, up from USD 147.0 billion in 2023, with diagnostics gaining a growing share. For example, IDEXX's 2024 survey revealed that 73% of Millennials and 71% of Gen Z pet parents support annual wellness diagnostics, underscoring a generational shift toward proactive health management.
Global Veterinary Services Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global veterinary services market report based on animal, type, service type, and region: