Veterinary Services Market Report 2026

The veterinary services market size has grown strongly in recent years. It will grow from $165.98 billion in 2025 to $177.89 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growing pet population, rising livestock farming activities, increasing awareness of animal health, expansion of veterinary hospitals and clinics, government regulations supporting animal health.

The veterinary services market size is expected to see strong growth in the next few years. It will grow to $237.06 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to integration of advanced diagnostic technologies, rising demand for mobile veterinary services, growth in genetic and pathology testing, increasing preventive healthcare adoption, expansion of specialty and referral clinics. Major trends in the forecast period include expansion of mobile veterinary services, growth in specialty veterinary practices, increase in onsite and offsite laboratory testing, adoption of preventive and wellness care programs, rising expenditure on companion animal health.

The growing adoption of companion animals is expected to drive the expansion of the veterinary services market. Companion animals are domesticated or domestic-bred animals whose physical, emotional, behavioral, and social needs are closely attended to as household members or near humans. The adoption of companion animals is increasing due to heightened awareness of mental and emotional well-being, as people seek pets for companionship, stress relief, and emotional support in modern lifestyles. Veterinary services play a crucial role in diagnosing and treating health issues in companion animals, ensuring their well-being, and preventing the transmission of zoonotic diseases. For example, in July 2024, according to US-based Insurance Zebra Pet Adoption Statistics, 3.2 million dogs were admitted to shelters across the United States in 2023, representing a 0.2% increase from 2022. In 2022, approximately 44.5% of households owned a dog. Therefore, the rising adoption of companion animals is supporting growth in the veterinary services market.

Key players in the veterinary services market are focusing on developing innovative solutions, such as virtual veterinary care platforms, to enhance accessibility and streamline pet healthcare delivery. Virtual veterinary care platforms are online telemedicine services that allow pet owners to consult licensed veterinarians via video calls from home, improving accessibility, reducing wait times, and extending service reach beyond physical clinics. For instance, in July 2025, TelaVets Inc., a US-based veterinary care technology company, launched its virtual veterinary platform. This platform connects pet owners with licensed veterinarians nationwide for affordable online consultations, offering transparent pricing, convenient scheduling, and expert care from home. The platform integrates seamlessly with standard veterinary services, enhancing client satisfaction and operational efficiency, although digital access and regulatory differences may affect adoption in some regions.

In October 2023, EQT AB’s BPEA Private Equity Fund VIII, a Sweden-based investor specializing in animal health and healthcare services, acquired VetPartners Limited for an undisclosed amount. Through this acquisition, EQT aimed to expand VetPartners’ clinical capabilities and geographic presence across Australia, New Zealand, and Singapore, while supporting increased investment in diagnostic technology, recruitment, and professional development for veterinary teams. VetPartners Limited, based in Australia, provides comprehensive veterinary services through a network of general practice clinics and specialty hospitals, serving millions of animal visits annually.

Major companies operating in the veterinary services market are Mars Inc., Zoetis Inc., VCA Inc., IDEXX Laboratories Inc., Qiagen N.V., Pets at Home Group PLC, BluePearl Pet Hospital, Dechra Pharmaceuticals plc, PetIQ LLC, CVS Group Plc, Banfield Pet Hospital, Neogen Corporation, Vetpartners, Greencross Limited, National Veterinary Associates Inc., Pathway Vet Alliance LLC, Ethos Veterinary Health LLC, Southern Veterinary Partners, VetCor, VetStrategy, National Veterinary Care Ltd., VetnCare, PetVet Care Centers, Kremer Veterinary Services, Armor Animal Health, Addison Biological Lab Inc., FirstVet AB, Vetnovo.

North America was the largest region in the veterinary services market in 2025. Asia-Pacific was the second-largest region in the veterinary services market. The regions covered in the veterinary services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the veterinary services market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Tariffs have affected the veterinary services market by increasing costs for imported diagnostic equipment, laboratory instruments, and specialty veterinary tools, particularly impacting asia-pacific and european regions that rely on foreign suppliers. The increased operational costs have influenced expenditure in animal hospitals, mobile veterinary services, and laboratory testing services. However, tariffs have also encouraged local manufacturing and service innovation, enabling domestic providers to offer cost-effective solutions and strengthen regional service networks.

The veterinary services market research report is one of a series of new reports that provides veterinary services market statistics, including veterinary services industry global market size, regional shares, competitors with a veterinary services market share, detailed veterinary services market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary services industry. This veterinary services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Veterinary services encompass the provision of medical care to pets, farm animals, and animals residing in zoos and wildlife parks. These services, delivered through animal hospitals and veterinary clinics, involve consultations, treatments, and the administration of curative medicines aimed at enhancing the health and life cycles of animals.

The primary categories of veterinary services include animal hospitals, veterinary clinics, and veterinary laboratory testing services. Veterinary laboratory testing services focus on testing animals for various diseases, offering both onsite and offsite testing options for both livestock and companion animals. Expenditure on these services can be attributed to both public and private sectors.

The veterinary services market includes revenues earned by entities by providing treatment for ill animals, prevention of production-limiting conditions, distribution of medicines, vaccinations, and other products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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