Veterinary Services Market Size, Share, and Growth Analysis, By Animal Type (Companion Animals, Production Animals), By Service Type (Medical Services, Non-Medical Services), By Region - Industry Forecast 2026-2033

Veterinary Services Market size was valued at USD 26.69 Billion in 2024 and is poised to grow from USD 28.53 Billion in 2025 to USD 48.66 Billion by 2033, growing at a CAGR of 6.9% during the forecast period (2026-2033).

The veterinary services market is witnessing significant growth driven by increasing government initiatives aimed at enhancing food security and biosecurity, which promote the adoption of veterinary care in livestock. The shift towards online veterinary services and pet medicine accessibility, along with an uptick in pet insurance options, reflects changing consumer behaviors. The rise in pet adoption, particularly in remote work environments, aligns with the growing demand for animal-based food products, constituting a substantial portion of protein intake in emerging markets. In response to this demand, veterinary companies are innovating new diagnostic tools and services, such as platforms for detecting intestinal parasites in pets. Overall, the focus on animal welfare by veterinary professionals is fostering increased utilization of veterinary services among pet owners.

Top-down and bottom-up approaches were used to estimate and validate the size of the Veterinary Services market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Veterinary Services Market Segments Analysis

Global Veterinary Services Market is segmented by animal type, service type and region. Based on animal type, the market is segmented into companion animals and production animals. Based on service type, the market is segmented into medical services and non-medical services. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Veterinary Services Market

The increasing awareness of pet health and the rising demand for effective veterinary care are significant factors propelling the growth of the global veterinary services market. As pet owners become more conscious of their animals' health needs, they seek advanced medical treatments and preventive services, contributing to market expansion. Initiatives by organizations focused on animal welfare play a crucial role in this trend by promoting responsible pet ownership and educating the public. Through various campaigns and collaborations, they raise awareness about animal rights and welfare issues, further encouraging pet owners to invest in quality veterinary services and care for their beloved animals.

Restraints in the Veterinary Services Market

The growth of the veterinary services market faces significant challenges due to the elevated costs associated with these services and a limited availability of qualified professionals. The expense of diagnostic imaging technology and veterinary pharmaceuticals contributes to the overall high costs encountered by pet owners and veterinary practices alike. This situation not only affects accessibility to critical services but also poses a barrier to the advancement of the market. The scarcity of skilled personnel further exacerbates these issues, hindering the ability to meet growing demand and ultimately impacting service delivery and quality within the veterinary sector.

Market Trends of the Veterinary Services Market

The veterinary services market is experiencing a notable trend towards the integration of advanced products and services offered by market players, driving growth and enhancing pet care accessibility. Initiatives such as franchised veterinary practices within retail environments exemplify this shift, facilitating connections between pet owners and trusted veterinarians. This convenience not only allows for easier access to veterinary care but also supports the business models of veterinarians looking to expand their practices. The emphasis on innovative service delivery models and the incorporation of technology in veterinary practices are shaping a responsive market environment attuned to the evolving needs of pet owners and their animals.