Veterinary Care Market Size, Share & Trends Analysis Report By Animal Type (Companion, Production), By Type of Care (Primary, Critical), By Region,- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2025-2034

Veterinary Care Market Size and Research

The veterinary care market size was exhibited at USD 94.37 billion in 2024 and is projected to hit around USD 205.63 billion by 2034, growing at a CAGR of 8.1% during the forecast period 2025 to 2034.

Veterinary Care Market Key Takeaways:

• The production animal type segment dominated the market and accounted for a share of 58.15% in 2024. 
• The companion animals segment is projected to grow at the fastest CAGR of 8.4% over the forecast period.
• The primary care segment led the market with a revenue share of 61.0% in 2024.
• The critical care segment is expected to witness the fastest CAGR of 8.2% over the forecast period.
• North America veterinary care market accounted for the dominant revenue share of 41.8% of the global revenue in 2024.

The rising incidence of chronic diseases in pets and animals drives the need for improved veterinary care, fueling market demand. Moreover, government initiatives promoting better veterinary care are expected to accelerate market growth. A notable example is the U.S. Department of Agriculture’s Veterinary Services Grant Program, which provides funding for educational, extension, and training programs to enhance veterinary services.

U.S. Veterinary Care Market Size and Growth 2025 to 2034

The U.S. veterinary care market size is evaluated at USD 29.73 billion in 2024 and is projected to be worth around USD 64.77 billion by 2034, growing at a CAGR of 7.33% from 2025 to 2034.

North America veterinary care market accounted for the dominant revenue share of 41.8% of the global revenue in 2024 owing to supportive government initiatives promoting better veterinary care. The study highlights emerging markets with significant growth potential for veterinary care providers and manufacturers. Notably, the U.S. government’s initiatives, such as the Veterinary Services Grant Program and Livestock Veterinary Innovation, aim to improve access to veterinary care for farmers and ranchers, further driving regional market growth.

U.S. Veterinary Care Market Trends

The veterinary care market in the U.S. dominated the North American region in 2024, aided by the increasing adoption of advanced technologies, such as telemedicine and wearable devices, which enable remote monitoring and early detection of health issues in pets. The COVID-19 pandemic has accelerated the adoption of these technologies, as pet owners seek convenient and accessible veterinary services while maintaining social distancing measures.

Europe Veterinary Care Market Trends

The Europe veterinary care market accounted for the second-largest share in 2024. Market growth is driven by the increasing initiatives by governments and animal welfare associations to promote better veterinary care. Moreover, rising demand for advanced diagnostic and treatment options for pets and livestock is aiding market growth further. Several pet owners in Europe are willing to spend on high-quality veterinary services to ensure the well-being of their animals.

The veterinary care market in the UK is projected to grow lucratively due to the increasing pet population. Animal shelters and rescue organizations reported a rise in foster applications and adoptions during the COVID-19 lockdowns, reflecting a growing concern about zoonotic diseases and the need for better biosecurity measures in livestock production.

The Germany veterinary care market is projected to grow significantly over the forecast period, driven by the growing demand for specialized services, such as oncology, cardiology, and neurology. German pet owners are increasingly willing to invest in advanced treatments for their animals, driven by a focus on preventive care and early disease detection. As a result, veterinarians in Germany are emphasizing the importance of regular check-ups and vaccination programs to maintain the overall health of pets and livestock.

Asia Pacific Veterinary Care Market Trends

The veterinary care market in Asia Pacific is anticipated to witness the fastest CAGR of 10.5% over the forecast period. The growing middle-class population and increasing disposable income drive market growth in the region. As a result, pet owners are becoming more willing to invest in high-quality veterinary services for their animals. The rising awareness about animal welfare and the need for better veterinary care is also a key driver, with various animal welfare organizations in the region launching awareness campaigns and educational programs to promote responsible pet ownership and animal welfare.

The China veterinary care market is expected to flourish from 2024 to 2030, driven by the country's rising demand for pet insurance. As pet owners in China seek to cover the costs of veterinary care for their animals, the market is set to experience significant growth. Furthermore, the growing concern about food safety and the need for better animal health management in livestock production are key drivers, as the Chinese government has implemented initiatives, such as the Animal Husbandry Law, to promote animal health and welfare.

The veterinary care market in India is forecasted to grow substantially, fueled by the rising demand for specialized care for exotic pets, such as reptiles and birds. As more Indian pet owners opt for these unique animals, there is a growing need for specialized veterinary services to cater to their specific needs. The increasing awareness about animal welfare and the importance of proper veterinary care is also a key driver, with animal welfare organizations in India launching awareness campaigns and educational programs to promote responsible pet ownership and animal welfare.

Report Scope of Veterinary Care Market

Veterinary Care Market By Animal Type Insights

The production animal type segment dominated the market and accounted for a share of 58.15% in 2024. This is mainly due to the importance of livestock in rural areas, where farming and livestock are the primary sources of income. Rural communities rely heavily on the sale of by-products, such as milk, meat, and eggs, from their livestock, making veterinary care essential for maintaining the health and productivity of these animals.

The companion animals segment is projected to grow at the fastest CAGR of 8.4% over the forecast period. Increasing adoption of pets as companions presents a significant growth opportunity for the market. This shift in consumer behavior highlights the importance of understanding the factors influencing pet ownership, livestock production, and the demand for veterinary services across various animal categories.

Veterinary Care Market By Type of Care Insights

The primary care segment led the market with a revenue share of 61.0% in 2024. This is attributed to the rising pet ownership, heightened awareness about animal health, and growing recognition of the importance of preventive care in maintaining the overall well-being of pets and livestock. The affordability and convenience of primary care services, including routine check-ups, vaccinations, and wellness checks, have also played a significant role in the segment’s dominance. As a result, pet owners are increasingly seeking regular veterinary check-ups to ensure their companion animals receive the necessary care and attention.

The critical care segment is expected to witness the fastest CAGR of 8.2% over the forecast period. This is attributed to the rising prevalence of chronic and complex diseases in pets and livestock. Pet owners and livestock producers seek advanced care, including intensive monitoring, diagnostics, and specialized treatments. The availability of sophisticated equipment, specialized facilities, and board-certified specialists has contributed to increased adoption. Furthermore, growing awareness of the importance of timely and comprehensive care has fueled demand for critical care services, propelling the segment’s growth.

Some of the prominent players in the veterinary care market include:

• Zoetis Inc.
• Merck & Co., Inc.
• Boehringer Ingelheim International GmbH
• Elanco Animal Health Inc.
• IDEXX Laboratories, Inc.
• Ceva Santé Animale S.A.
• Dechra Pharmaceuticals PLC
• Virbac S.A.
• Vetoquinol S.A.
• Phibro Animal Health Corp.

Veterinary Care Market Recent Developments

• In June 2024, Merck Animal Health launched and made available the NOBIVAC NXT Rabies portfolio in Canada, a first-of-its-kind vaccine line using RNA-particle technology to protect cats and dogs from rabies. The vaccines are adjuvant and preservative-free, providing optimal safety and protection against the deadly disease
  
  
• In January 2022, The Vets secured USD 40 million in seed funding to revolutionize pet care by providing premium at-home veterinary services and promoting a healthy work environment for veterinarians. The company aimed to expand to 25 cities by the end of 2022, addressing the growing issue of burnout among veterinarians

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2034. For this study, Nova one advisor, Inc. has segmented the veterinary care market

By Animal Type

• Companion Animal

• • Dogs
  • Cats
  • Equine
  • Others

• Production Animal

By Type of Care

• Companion Animal

• • Primary
  • Emergency
  • Critical
  • Specialty Services

• Production Animal

• • Primary
  • Emergency
  • Critical
  • Specialty Services

By Regional

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)