The veterinary oncology market size was exhibited at USD 1.55 billion in 2024 and is projected to hit around USD 4.53 billion by 2034, growing at a CAGR of 11.31% during the forecast period 2024 to 2034.
| Report Coverage | Details |
| Market Size in 2025 | USD 1.73 Billion |
| Market Size by 2034 | USD 4.53 Billion |
| Growth Rate From 2024 to 2034 | CAGR of 11.31% |
| Base Year | 2024 |
| Forecast Period | 2024-2034 |
| Segments Covered | Therapy, Animal Type, Cancer Type, Region |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Covered | North America, Europe, Asia Pacific, Latin America, MEA |
| Key Companies Profiled | PetCure Oncology; Zoetis Inc.; Karyopharm Therapeutics, Inc.; Varian Medical Systems; Accuray Incorporated; Boehringer Ingelheim GmbH; Elanco; One Health; Regeneus Ltd. |
Rising prevalence of cancer in the pet population, coupled with growing adoption of veterinary cancer therapy as a treatment method, is primarily propelling market growth. Growing R&D in veterinary oncology to provide optimal pet cancer treatments and pet insurance is expected to propel market growth. In addition, In July 2024, Ardent Animal Health partnered with FidoCure to expand access to oncology innovation in veterinary medicine by leveraging the latter's genomic testing and precision medicine platform.
According to the National Center for Biotechnology Information, in 2024, cancer was the leading cause of death in cats and dogs. Hence, diagnosis and treatment of cancer are critical to treat & improve the survival rates of pets effectively. Moreover, study states that in the U.S., out of around 76.8 million domesticated dogs and 58.4 million cats, around 4 million dogs & 4 million cats are diagnosed with cancer every year. Therefore, with a rising number of these cancer incidents, there is a necessity for effective veterinary oncology treatment.
A majority of pet owners got closer to their pets during the COVID-19 lockdowns aimed at curbing disease transmission. As life returns to normal, pet owners have integrated their pets into their daily practices, prioritizing pet-friendly vacations and workplaces. 75% of pet owners surveyed by APPA stated that spending time with their animals helped decrease stress and improve well-being during and post-pandemic. At animal shelters, adoption rates soared as much as 40% in 2020 over earlier years in the U.S.
The increasing number of veterinary clinical studies evaluating the safety and efficacy of different oncologic treatments in pets further boosts market growth. AVMA created an AVMA Animal Health Studies Database (AAHSD) tool for prospective veterinary clinical study investigators. Such studies by researchers focused on veterinary oncology treatment are anticipated to fuel market growth over the forecast period.
Growing expenditure on animal healthcare in developed economies due to rising willingness to spend on pet healthcare by owners and initiatives by government for veterinary cancer treatment are major factors fueling market growth. In May 2021, the World Small Animal Veterinary Association established (WSAVA) Oncology Working Group (WOW) to develop global guidelines for veterinary oncology practice. This would help educate owners about cancer in pets and help veterinarians improve treatment standards. Thus, growing research investments and initiatives by industry stakeholders in veterinary oncology will likely help attain significant growth in the coming years.
North America dominated with a share of more than 45% in 2024. The segment is projected to dominate the market over the forecast period. Key growth contributors are increasing focus on pet health, presence of many pet drug manufacturing companies, and speedy adoption of innovative pet care medications. In addition, the increasing number of government funding for pet oncology treatment in this region, pet insurance adoption, and the presence of market giants in the oncology market are also driving the market.
Moreover, according to the National Cancer Institute, in 2024, 32 million cats and 65 million dogs live in the U.S. According to preliminary estimates of cancer incidence, roughly 6 million dogs are diagnosed with cancer annually, and a comparable number is reported in cats. Similarly, according to the American Veterinary Medical Association, in 2024, one in four dogs was estimated to develop cancer at some stage. Noticeably, lymphoma was recorded to be higher in cats than in dogs. Therefore, increasing cancer incidence in pet animals is expected to fuel market growth in North America.
Asia Pacific market is expected to grow over the forecast period owing to increasing awareness about various pet treatment methods among veterinarians, improving veterinary healthcare infrastructure, and rising animal healthcare expenditure.
Based on therapy, the surgery segment dominated the market with a revenue share of over 36% in 2024. Surgery is often most effective for tumors that can be completely removed without threatening crucial structures that have not yet spread to other parts of the body. In the case of cancer, it is often the first step. If the tumor is low-grade and there are no signs of local or distant metastasis, cancer surgery could help in achieving remission. Successful surgery negates the need for additional therapy. Growing instances of surgeries performed on pets for their treatment and technological advancements in these procedures contribute to the market growth. In addition, a growing number of research projects, including surgeries on pet populations, are being conducted, which is further boosting the market's expansion.
The immunotherapy segment is anticipated to witness the fastest CAGR over the forecast period. Immunotherapy is most promising recent developments in tumor treatment, strengthening the body's immune response against cancer. Several nonprofit organizations dedicated to animal health research are sponsoring studies to bring new treatment options to the market. For instance, the University of Minnesota received funding from the Morris Animal Foundation in January 2024 to study & develop novel immunotherapeutics for big-breed dogs suffering from osteosarcoma. Osteosarcoma is a fatal bone cancer. Thus, companies working on immunotherapeutic R&D for veterinary cancer also contribute to the market's expansion. Moreover, the market is growing due to several veterinarians dedicated to conducting immunotherapy clinical trials and growing investment in canine oncology clinical trials. For instance, in November 2024, NCI funded clinical trials for canine immunotherapy. Similarly, the NIH funded a dog immunotherapy data center to support the development of treatments.
The canine segment dominated the market with a revenue share of over 87.0% in 2024. The rising pet dog population, prevalence of cancer, and awareness of treatment options contributed to the significant share of the canine segment in 2024. Rising incidence of canine cancer, investment in veterinary oncology research & development, and growing veterinary healthcare costs are expected to drive market growth. The demand for efficient and cutting-edge therapies for cancer is expected to grow along with the prevalence of canine cancer cases, fueling segment growth. For instance, as per the study published in February 2024 by Aging and Cancer, it is predicted that one out of every four dogs will be diagnosed with tumors in their lifetime. Cancer is the main cause of mortality for dogs older than middle age. Therefore, the need for treatments will continue to increase due to the growing incidence of cancer in dogs, driving sector growth.
The feline segment is anticipated to grow at a lucrative rate in coming years. According to the American Veterinary Medical Association (AVMA), the pet cat population in 2024 was 58.3 million in the U.S., which is expected to increase over the coming years. Between 2016 and 2020, cat ownership increased (from 25% to 26%), and then again in 2024 (to 29%). In addition, according to the Canadian Animal Health Institute (CAHI), 58% of Canadian households owned at least one cat or dog in 2024. Cats’ population increased from 8.1 million in 2020 to 8.5 million in 2024. CAHI also revealed that percentage of pets receiving medical care increased significantly in 2024. In addition, cat-related visits to vets increased dramatically in the months following the COVID-19 outbreak. According to the World Small Animal Veterinary Association (WSAVA), one in five cats is susceptible to acquiring cancer throughout its lifespan. According to estimates, market growth is driven by increasing numbers of pet cats, higher cancer rates, and more frequent veterinary visits.
Based on cancer, the skin cancers segment dominated the market with a revenue share of 39.1% in 2024. This segment includes mast cell tumors, squamous cell carcinoma, and melanoma. Squamous cell carcinoma affects both cats & dogs, and skin tumors are the most typical form of mast cell cancer in older dogs. In 2018, 21% of all canine skin tumors were mast cell tumors, according to Veterinary Information Network, Inc. Mast cell tumors fall into lower grades from I to III. This malignant tumor affects the squamous epithelium of the skin, oral cavity, and digits. In cats, around 25% of all genital tumors are squamous cell carcinomas of the toe(s), and surgery is the most advised treatment. In addition, mammary tumors are very common in cats, especially between the ages of 10 and 14. Breeds with a particular propensity for the tumor, such as Siamese cats, are more likely to experience it at an early age.
The other segment is estimated to grow at the fastest CAGR of 11.99% from 2024 to 2034. Growing incidence of adenocarcinoma is expected to drive segment growth during the forecast period. According to data published by Veterinary Practice in September 2024, dogs with anal sac adenocarcinomas account for 17% of all perianal cancers. As they are slowly growing tumors, the prognosis is typically favorable.
The proven oncology treatment for lymphoma is chemotherapy, which also varies depending on the type of cancer. According to the American Kennel Club, dogs' most common types of lymphoma are mediastinal lymphoma, multicentric lymphoma, alimentary lymphoma, and extranodal lymphoma, which vary in survival rates, aggressiveness, and clinical signs. The organization also states that 80 to 85 % of lymphomas in dogs were found to be multicentric. Lymphoma is followed by mast cell cancer, along with mammary and squamous cell cancer. Increasing mast cell cancer in dogs is expected to drive the market.
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 oncology market
Animal type
Therapy
Cancer Type
Regional
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers