The global veterinary services market is experiencing significant expansion as demand for high-quality animal healthcare continues to rise across companion animals and livestock. Increasing pet ownership, growing awareness of preventive veterinary care, advancements in diagnostic technologies, and higher spending on animal health are transforming the industry. Veterinary services now extend beyond routine checkups to include advanced diagnostics, surgery, rehabilitation, telemedicine, preventive care, and specialized treatments that improve animal health and welfare.
According to Grand View Research, the global veterinary services market was valued at USD 156.3 billion in 2025 and is projected to reach USD 292.8 billion by 2033, growing at a CAGR of 8.1% from 2026 to 2033. North America accounted for the largest regional share at 36.8% of global revenue in 2025.
The veterinary services industry continues to evolve as pet owners increasingly consider animals as family members and invest more in preventive and specialized healthcare. Rising demand for wellness programs, vaccinations, emergency care, and chronic disease management has expanded the scope of veterinary practices worldwide.
The livestock industry also plays a vital role in market growth. Veterinary services help improve food safety, disease prevention, livestock productivity, and overall animal welfare. Governments and agricultural organizations continue investing in veterinary infrastructure to control infectious diseases and support sustainable livestock production.
Corporate veterinary hospital networks, specialty clinics, and mobile veterinary services are further improving access to high-quality animal healthcare.
Key Market Projections (2026–2033)
- Market Size (2025): USD 156.3 billion
- Estimated Market Size (2026): USD 169.7 billion
- Projected Market Value (2033): USD 292.8 billion
- Market CAGR (2026–2033): 8.1%
- Largest Regional Market: North America
- Regional Revenue Share (2025): 36.8%
- Largest Animal Segment: Production animals
- Largest Service Segment: Medical services
Segment and Regional Breakdown
The veterinary services market is segmented based on animal type, service type, and region.
By animal type, production animals account for the largest share of the global market, representing 58.5% of revenue in 2025. Veterinary care for cattle, poultry, swine, sheep, and other livestock remains essential for disease prevention, food safety, and agricultural productivity. Companion animals are expected to witness the fastest growth due to rising pet ownership and increasing expenditure on pet healthcare.
By service type, medical services dominate the market with approximately 70.4% of total revenue. These services include routine examinations, diagnostics, surgery, vaccinations, emergency care, oncology, cardiology, dermatology, orthopedics, and rehabilitation. Non-medical services such as grooming, boarding, training, and wellness programs continue expanding as veterinary practices diversify their offerings.
From a regional perspective, North America remains the largest market due to advanced veterinary infrastructure, high pet ownership, widespread pet insurance, and substantial spending on companion animal healthcare. The United States continues leading regional demand through strong adoption of advanced diagnostic technologies and specialty veterinary services.
Europe represents another major market supported by strong animal welfare regulations, established veterinary healthcare systems, and increasing demand for preventive care.
Asia Pacific is projected to register the fastest growth throughout the forecast period. Rising disposable incomes, expanding middle-class populations, increasing pet adoption, and improving veterinary infrastructure are driving growth across China, India, Japan, South Korea, and Southeast Asia. Government initiatives supporting livestock health and food security are also contributing to regional expansion.
Latin America is witnessing gradual market growth through expanding livestock industries and increasing awareness of companion animal healthcare.
The Middle East and Africa continue developing steadily as investments in veterinary hospitals, livestock management, and animal disease control programs increase.
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Leading Industry Players
The veterinary services market remains highly competitive, with providers focusing on expanding specialty care, adopting advanced medical technologies, and strengthening digital healthcare capabilities.
Major companies operating in the market include:
- Mars Veterinary Health
- National Veterinary Associates (NVA)
- IVC Evidensia
- VetPartners
- BluePearl Specialty and Emergency Pet Hospital
- VCA Animal Hospitals
- Banfield Pet Hospital
- CVS Group plc
- Greencross Limited
- Ethos Veterinary Health
- AniCura Group
- MedVet
- Southern Veterinary Partners
- PetIQ, Inc.
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