Veterinary Care Market Report 2026

The veterinary care market size has grown strongly in recent years. It will grow from $87.77 billion in 2025 to $93.81 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growing companion animal population, rising awareness of animal health and welfare, expansion of veterinary clinics and hospitals, development of conventional therapeutics and diagnostics, government initiatives on zoonotic disease control.

The veterinary care market size is expected to see strong growth in the next few years. It will grow to $120.89 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increased adoption of telemedicine and remote monitoring, rising demand for preventive and specialty veterinary services, innovation in diagnostics and therapeutics, growing focus on livestock health and biosecurity, expansion of animal insurance and wellness programs. Major trends in the forecast period include telemedicine & remote veterinary consultations, preventive & wellness programs for animals, integration of one health approaches, advanced diagnostic imaging & laboratory services, personalized nutritional & therapeutic plans.

The rising trend of pet adoption is expected to drive the growth of the veterinary care market going forward. Pet adoption involves taking responsibility for a pet from a shelter, rescue organization, or previous owner and providing them with a permanent home, along with associated legal and ethical commitments. The increase in pet adoption is influenced by factors such as social trends, urbanization, and a rise in young adults delaying parenthood. Veterinary care plays a critical role in pet adoption by providing medical treatment and preventive care to ensure the pet’s health and address any immediate medical needs. For example, in June 2025, according to Petfood Industry, a US-based organization, U.S. households owning pets rose from 82 million in 2023 to 94 million in 2025, reflecting sustained growth in pet adoption and ownership, which contributes to higher demand for veterinary services. Therefore, the increasing trend of pet adoption is driving the veterinary care market.

Key players in the veterinary care market are developing innovative products, such as pet first-aid kits, to enhance animal health and well-being. These kits address a range of needs from preventive care to treatment for complex medical conditions. A pet first-aid kit includes essential supplies and tools designed to provide initial care for pets in case of minor injuries or emergencies before professional veterinary assistance is available. For example, in August 2023, MySimplePetLab, a US-based company offering pet care both at home and in the clinic, launched a first aid care dog kit available at Target stores. This kit, aimed at providing immediate relief for wounds, cuts, and minor injuries, includes items such as a vet-approved care guide, wound cleansing supplies, a wound shield, bleed-stop powder, antiseptic wipes, antibiotic ointments, gauze pads, and an instant cold pack.

In October 2023, EQT AB, a private equity firm based in Sweden, acquired VetPartners Group Limited for $0.94 billion. This acquisition is part of EQT AB's strategy to expand its portfolio in the veterinary sector and invest in innovation, technology, and diagnostic tools. VetPartners Group Limited, based in Australia, provides veterinary care services.

Major companies operating in the veterinary care market are Cargill Incorporated, Novartis AG, Mars Incorporated, C.H. Boehringer Sohn AG & Co. KG, The Merck Group, Zoetis Inc., Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Ceva Santé Animale, Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, PetVet Care Centers LLC, VetStrategy Inc., Vetoquinol, Heska Corporation, Neogen Corporation, Sequent Scientific Ltd., Animal Care Group Plc, Medivet, Hester Bioscience Limited.

North America was the largest region in the veterinary care market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary care 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 care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have impacted the veterinary care market by increasing the cost of importing advanced therapeutics, vaccines, diagnostic equipment, and imaging technologies, leading to higher operational costs for veterinary providers. The most affected segments are therapeutics and diagnostics, especially in regions like North America and Europe where high-end equipment is often imported. However, tariffs have also encouraged local manufacturing and development of cost-effective veterinary solutions, creating opportunities for domestic producers and promoting innovation in affordable care.

The veterinary care market research report is one of a series of new reports that provides veterinary care market statistics, including veterinary care industry global market size, regional shares, competitors with a veterinary care market share, detailed veterinary care market segments, market trends and opportunities, and any further data you may need to thrive in the veterinary care industry. This veterinary care 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 care encompasses the medical and preventive health services provided by veterinarians and other trained professionals for animals. It includes a broad spectrum of activities aimed at maintaining and improving the health and well-being of animals. This care is vital for pets, livestock, wildlife, and other animals, playing a key role in both individual animal health and public health, especially in managing zoonotic diseases.

The primary categories of veterinary care products are therapeutics and diagnostics. Therapeutics involve medical treatments designed to manage and cure diseases and health issues in animals. These services cover various animal types, including companion animals and production animals, and include different levels of care such as primary, emergency, critical, and specialty services. These products and services are utilized by various end-users, including veterinary hospitals, clinics, laboratory testing services, and more.

The veterinary care market includes revenues earned by entities by spaying and neutering, grooming services, and routine check-ups. 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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