Veterinary Services Market - Global Forecast 2025-2032

The veterinary services market is evolving rapidly, driven by demographic changes in pet ownership, increased demand for specialized care, and widespread adoption of new technologies. This report provides leaders with essential market intelligence and actionable strategies to navigate a dynamic industry landscape and accelerate growth trajectories.

Veterinary Services Market Snapshot

The veterinary services market grew from USD 125.63 billion in 2024 to USD 134.43 billion in 2025. It is anticipated to continue expanding at a CAGR of 7.05%, reaching USD 216.76 billion by 2032. This strong trajectory reflects steady advances in both companion and production animal healthcare, propelled by a combination of shifting pet care expectations, greater awareness around animal health, and industry-wide technological upgrades.

Scope & Segmentation

• Animal Types: Cats, Dogs, Breeding Stock, Pleasure Horses, Sport Horses, Amphibians, Birds, Reptiles, Small Mammals, Avian, Bovine, Caprine, Ovine, Porcine
• Service Types: Cleaning & Polishing, Dental Radiography, Extractions, MRI & CT, Radiography, Ultrasound, Critical Care Monitoring, Poison Management, Trauma Care, Hospitalization and Inpatient Services, Laboratory Services, Pharmacy Sales, Nutritional Counseling, Parasite Control, Vaccinations, Wellness Exams, Minimally Invasive Surgery, Orthopedic Procedures, Soft Tissue Surgeries
• Practice Settings: Large Animal Practices, Mixed Animal Practices, Mobile Clinics, Small Animal Clinics, Specialty Referral Centers
• Client Types: Commercial Livestock Producers, Equine Owners, Exotic Animal Owners, Individual Pet Owners, Research Institutions
• Regions: United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru, United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland, United Arab Emirates, Saudi Arabia, Qatar, Turkey, Israel, South Africa, Nigeria, Egypt, Kenya, China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan
• Key Companies: Mars, Incorporated, National Veterinary Associates, LP, CVS Group plc, Greencross Limited, PetVet Care Centers, Inc., Linnaeus Holding Limited, VetPartners Limited, Pathway Vet Alliance, Inc., Ethos Veterinary Health, LLC, Veterinary Emergency Group, LLC

Key Takeaways for Senior Decision-Makers

• Demand for veterinary services is diversifying, with growth in both companion and large animal segments, as clients seek advanced diagnostics and tailored treatment pathways.
• Digital diagnostics and telehealth platforms are setting new standards in clinical efficiency, helping practices manage caseloads and enhance service accessibility, including in remote or rapidly expanding regions.
• Strategic industry consolidation through mergers and acquisitions enables scaling, resource pooling, and broadened service portfolios, which assist both regional and global players in fortifying market presence.
• Preventive care models, such as wellness plans and subscription offerings, are helping veterinary clinics build stable client relationships and recurring revenue while advancing animal health outcomes.
• Integrated technology solutions, from sophisticated imaging to data-driven practice management, are enabling more personalized veterinary care and improving overall client experience.
• Emerging niches—including care for exotic pets and advanced equine treatment—are allowing service providers to differentiate, capture new market segments, and diversify revenue streams.

Tariff Impact on Veterinary Industry

Recent United States tariff policies have substantially affected veterinary pharmaceutical imports, medical equipment, and overall supply chain strategies. These changes have prompted suppliers to reassess sourcing, increase domestic production, and renegotiate procurement contracts. End users are encountering variable pricing and altered investment decisions as a result, particularly regarding diagnostic and critical care equipment. Tariff-driven adjustments are reshaping how practices allocate budgets and secure reliable access to vital clinical tools.

Veterinary Services Market Research Methodology & Data Sources

This report draws on a robust mixed-methods framework, blending comprehensive secondary analysis of industry publications, regulatory filings, and leading association reports with targeted primary interviews. Extensive surveys of practice managers, veterinarians, and suppliers supplement these insights, supported by rigorous data validation and peer-reviewed methodology audits to ensure reliable and actionable intelligence.

Why This Report Matters

• Enables informed decision-making on investments, partnerships, and growth strategies by offering detailed segment and regional dynamics.
• Equips leadership teams with strategic perspectives on technology adoption, regulatory influences, and evolving client expectations.
• Delivers actionable recommendations tailored for operational efficiency, innovation leadership, and sustainable competitive advantage.

Conclusion

The veterinary services market is undergoing significant shifts, shaped by evolving care models, industry consolidation, and regulatory changes. Leveraging reliable research and focused strategies will position organizations to pursue innovation, improve animal health outcomes, and sustain leadership in this dynamic sector.

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