Veterinary Services Market, By Service Type (Diagnostic Tests and Imaging, Physical Health Monitoring, Preventative Care, and Others), By Animal Type (Companion Animal and Farm Animal), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI5050

Pages :162

Formats :

Excel and PDF

Industry : Healthcare IT

Veterinary Services Market Size and Trends

Global veterinary services market is estimated to be valued at USD 127.00 Bn in 2025 and is expected to reach USD 209.47 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2025 to 2032.

Veterinary Services Market Key Factors

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The veterinary services market is expected to witness significant growth over the forecast period. The factors driving the market growth include rising pet adoption across the world, increasing awareness about animal health, and growing per capita animal healthcare expenditure. Moreover, economic prosperity in developing regions and growing trend of pet humanization is further expected to propel the demand for veterinary services. However, high costs associated with veterinary services and lack of standardization in livestock healthcare sector in developing countries may hinder the market growth.

Increasing Demand for Veterinary Services

Increasing demand for veterinary services across the globe is expected to provide significant growth opportunities for players in the veterinary services market. For instance, in February 2021, DCC Animal Hospital expanded its footprint in India with the launch of multi-specialty animal hospitals across the country to offer cutting-edge medical technologies for four-legged friends.