Veterinary Services Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Animal Type (Companion Animals, Production Animals), By Service Type, By Region & Competition, 2021-2031F

Description

The Global Veterinary Services Market is poised for significant growth, projected to expand from USD 139.12 Billion in 2025 to USD 234.73 Billion by 2031, demonstrating a 9.11% CAGR. This sector encompasses professional medical care, diagnostic procedures, and preventive health management for companion animals and livestock. Its expansion is primarily fueled by the increasing global demand for high-quality animal protein, necessitating rigorous disease control, and the strengthening human-animal bond that drives pet owners to invest in comprehensive healthcare, as evidenced by Australia's pet population reaching an estimated 31.6 million animals in 2025.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 139.12 Billion
Market Size 2031	USD 234.73 Billion
CAGR 2026-2031	9.11%
Fastest Growing Segment	Companion Animals
Largest Market	North America

Market Driver

A major market driver is the surge in companion animal ownership and pet humanization, prompting a demand for specialized treatments like oncology, cardiology, and orthopedics, thereby expanding revenue potential beyond basic care; 94 million U.S. households owned at least one pet in 2024, according to a March 2025 report. Furthermore, the growing penetration of pet health insurance, with U.S. gross written premiums exceeding $4.7 billion in 2024, mitigates financial barriers to expensive procedures, enabling advanced veterinary care despite rising costs, which increased by 5.7% by May 2025.

Market Challenge

Despite this robust growth, the market faces a substantial challenge in the chronic veterinary workforce shortage, which creates severe operational bottlenecks by limiting clinics' capacity to increase patient throughput. This deficit of qualified professionals often restricts appointment availability and delays non-urgent procedures, preventing the industry from fully capitalizing on the escalating case volume; for instance, current projections estimate 5,000 job openings for veterinarians in Canada in 2025.

Market Trends

Concurrently, the market is undergoing structural transformation through the consolidation of independent practices into corporate networks, where large veterinary groups and private equity acquire hospitals to leverage economies of scale and standardize operations, exemplified by CVS Group completing seven acquisitions covering 15 practice sites in Australia during the 2024-2025 financial year. Additionally, Artificial Intelligence integration in diagnostic imaging is revolutionizing workflows by automating pathology detection in radiographs and cytology, offering real-time decision support that reduces diagnostic burdens and mitigates workforce shortages; IDEXX Laboratories placed nearly 2,700 units of its AI-enabled inVue Dx analyzer globally in the first half of fiscal year 2025, allowing for more efficient management of higher caseloads.

Key Market Players

CVS Group Plc
Mars Incorporated
National Veterinary Associates
Pets at Home Group PLC
IVC Evidensia
A Place for Rover, Inc.
PetSmart LLC
Airpets International

Report Scope

In this report, the Global Veterinary Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Veterinary Services Market, By Animal Type

Companion Animals
Production Animal

Veterinary Services Market, By Service Type

Medical Services
Non-Medical Services

Veterinary Services Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Veterinary Services Market.

Available Customizations:

Global Veterinary Services Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Veterinary Services Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Animal Type (Companion Animals (Dogs, Cats, Horses, Others), Production Animals(Cattle, Poultry, Swine, Others))
- 5.2.2. By Service Type (Medical Services, Non-Medical Services)
- 5.2.3. By Region
- 5.2.4. By Company (2025)
5.3. Market Map

6. North America Veterinary Services Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Animal Type
- 6.2.2. By Service Type
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Veterinary Services Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Animal Type
    - 6.3.1.2.2. By Service Type
- 6.3.2. Canada Veterinary Services Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Animal Type
    - 6.3.2.2.2. By Service Type
- 6.3.3. Mexico Veterinary Services Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Animal Type
    - 6.3.3.2.2. By Service Type

7. Europe Veterinary Services Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Animal Type
- 7.2.2. By Service Type
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Veterinary Services Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Animal Type
    - 7.3.1.2.2. By Service Type
- 7.3.2. France Veterinary Services Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Animal Type
    - 7.3.2.2.2. By Service Type
- 7.3.3. United Kingdom Veterinary Services Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Animal Type
    - 7.3.3.2.2. By Service Type
- 7.3.4. Italy Veterinary Services Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Animal Type
    - 7.3.4.2.2. By Service Type
- 7.3.5. Spain Veterinary Services Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Animal Type
    - 7.3.5.2.2. By Service Type

8. Asia Pacific Veterinary Services Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Animal Type
- 8.2.2. By Service Type
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Veterinary Services Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Animal Type
    - 8.3.1.2.2. By Service Type
- 8.3.2. India Veterinary Services Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Animal Type
    - 8.3.2.2.2. By Service Type
- 8.3.3. Japan Veterinary Services Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Animal Type
    - 8.3.3.2.2. By Service Type
- 8.3.4. South Korea Veterinary Services Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Animal Type
    - 8.3.4.2.2. By Service Type
- 8.3.5. Australia Veterinary Services Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Animal Type
    - 8.3.5.2.2. By Service Type

9. Middle East & Africa Veterinary Services Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Animal Type
- 9.2.2. By Service Type
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Veterinary Services Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Animal Type
    - 9.3.1.2.2. By Service Type
- 9.3.2. UAE Veterinary Services Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Animal Type
    - 9.3.2.2.2. By Service Type
- 9.3.3. South Africa Veterinary Services Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Animal Type
    - 9.3.3.2.2. By Service Type

10. South America Veterinary Services Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Animal Type
- 10.2.2. By Service Type
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Veterinary Services Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Animal Type
    - 10.3.1.2.2. By Service Type
- 10.3.2. Colombia Veterinary Services Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Animal Type
    - 10.3.2.2.2. By Service Type
- 10.3.3. Argentina Veterinary Services Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Animal Type
    - 10.3.3.2.2. By Service Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Veterinary Services Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. CVS Group Plc
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Mars Incorporated
15.3. National Veterinary Associates
15.4. Pets at Home Group PLC
15.5. IVC Evidensia
15.6. A Place for Rover, Inc.
15.7. PetSmart LLC
15.8. Airpets International