Global veterinary services market is estimated to be valued at USD 118.24 Bn in 2024, and is expected to exhibit a CAGR of 7.2% during the forecast period (2024-2031). The global veterinary services market has been witnessing steady growth over the past few years owing to the rising pet adoption worldwide. Growing humanization of pets has made people view their pet animals as companions rather than just livestock or means of income. With increased pet ownership, demand for routine check-ups, vaccinations, surgery, and other medical care is also rising steadily. Furthermore, advancements in veterinary healthcare infrastructure along with growing awareness about animal welfare have been supporting the expansion of the global veterinary services market. However, the inadequate availability of veterinary practitioners and professionals in some parts of the world continues to pose challenges.

Market Dynamics:

Rising pet adoption rates across major economies along with the growing trend of humanization of pets is a key factor driving the growth of the global veterinary services market. According to recent estimates, there are over 350 million pets in Europe and North America combined. Affordable pet insurance schemes are further fueling the demand for veterinary healthcare services. However, a shortage of trained veterinary workforce, especially in rural areas of developing nations, is limiting greater access to these services. High setup and operational costs associated with veterinary hospitals and clinics also acts as a restraint. On the flip side, the growing focus on animal health and welfare by governments and non-profit organizations is creating new opportunities for market expansion. Increased focus on companion animal health through vaccine development, nutrition, and preventive care is expected to present lucrative opportunities for players in the coming years.

Key Features of the Study:

• This report provides an in-depth analysis of the global veterinary services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global veterinary services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this includes CVS Group PLC, Greencross Vets, Ethos Veterinary Health, Idexx Laboratories Inc., Pets at Home Group PLC, CityVet Inc., FirstVet AB, Kremer Veterinary Services, Armor Animal Health (Animart), PetSmart LLC, Airpets International, Mars, Incorporated, Petiq LLC, and National Veterinary Care Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global antibiotics market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global veterinary services market

 Detailed Segmentation-

• By Service Type:
  • Diagnostic Tests and Imaging
  • Physical Health Monitoring
  • Preventative Care
  • Others
• By Animal type:
  • Companion Animal
  • Farm Animal
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • CVS Group PLC
  • Greencross Vets
  • Ethos Veterinary Health
  • Idexx Laboratories Inc.
  • Pets at Home Group PLC
  • CityVet Inc.
  • FirstVet AB
  • Kremer Veterinary Services
  • Armor Animal Health (Animart)
  • PetSmart LLC
  • Airpets International
  • Mars, Incorporated
  • Petiq LLC
  • National Veterinary Care Ltd.