Who are the key players in Veterinary Care Market?

Hester Bioscience, Merck Animal Health, Ceva Santé Animale, Zoetis and Elanco are the major companies operating in the Veterinary Care Market. Read More

Which is the fastest growing region in Veterinary Care Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Veterinary Care Market?

In 2024, the Asia Pacific accounts for the largest market share in Veterinary Care Market. Read More

What years does this Veterinary Care Market cover, and what was the market size in 2023?

In 2023, the Veterinary Care Market size was estimated at USD 83.29 billion. The report covers the Veterinary Care Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Veterinary Care Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Veterinary Care Market Size

Market Size of Veterinary Care Industry

Study Period	2019 - 2029
Market Size (2024)	USD 88.22 Billion
Market Size (2029)	USD 119.97 Billion
CAGR (2024 - 2029)	5.59 %
Fastest Growing Market	North America
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Veterinary Care Market Analysis

The Veterinary Care Market size is estimated at USD 88.22 billion in 2024, and is expected to reach USD 119.97 billion by 2029, growing at a CAGR of 5.59% during the forecast period (2024-2029).

The demand for better veterinary care is growing as the number of chronic diseases in pets and livestock animals rises. Many awareness programs about better veterinary care are being held around the world, which is fueling demand. For instance, in April 2023, World Veterinary Day was observed, which aimed to raise awareness about the pivotal role veterinarians play in safeguarding animal health, welfare, and public health. Such initiatives create awareness among pet owners about veterinary care, which is anticipated to drive the market.

The market's overall growth is expected to be supported by increasing government initiatives to promote better veterinary care during the forecast period. For instance, in February 2022, the UK government launched the Animal Health and Welfare Pathway (the Pathway). The Pathway will work to advance and support improving farm animal health and welfare over time. The Pathway is a collaboration, and the government will collaborate with farmers, veterinarians, and the broader industry. Additionally, in March 2022, the government of Madhya Pradesh, India, approved a veterinary unit scheme to provide door-to-door treatment for sick domestic animals. The program aims to make public health care more accessible to people living in rural and underserved areas. Healthcare delivered to people's homes would be beneficial, especially for rural and vulnerable populations.

Market players use a variety of strategic initiatives to meet their growth goals and expand their market share. Key companies are launching new products, forming partnerships and collaborations, expanding their local and regional footprints, and pursuing mergers and acquisitions. For instance, in April 2022, Animalcare launched Plaqtiv+, a range of dental care products for cats and dogs designed to reduce calculus formation. Similarly, in April 2022, Aurena Laboratories AB (Aurena) entered a collaboration with Swedish start-up Emollivet to become its manufacturing partner for innovative animal healthcare products based on Lipitor AKVANO technology in spray form. Such developments are also expected to boost market growth over the projected period.

Thus, all factors mentioned above are expected to boost the market’s growth over the forecast period. However, the increasing cost of animal care products and veterinary services may restrain growth.

Veterinary Care Industry Segmentation

As per the scope of the report, veterinary care is concerned with the prevention, control, diagnosis, and treatment of diseases that affect the health of domestic and wild animals and the prevention of animal diseases spreading to humans.

The veterinary care market is segmented by animal type, type of care, and geography. By animal type, the market is segmented into companion animals and production animals. By type of care, the market is segmented into primary, emergency, critical, specialty, and other services. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (USD) for all the above segments.

By Animal Type
		Companion Animal
		Production Animal

By Type of Care
		Primary
		Emergency
		Critical
		Specialty Services
		Others Services (Diagnostic Services, Counselling For Pet Care and Other Types of Care)

Geography

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle East and Africa
	GCC
	South Africa
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Rest of South America

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Veterinary Care Market Size Summary

The veterinary care market is poised for significant growth, driven by an increasing demand for advanced veterinary services due to the rising prevalence of chronic diseases in pets and livestock. Global awareness initiatives, such as World Veterinary Day, are enhancing public understanding of the importance of veterinary care, thereby boosting market demand. Government efforts, like the UK's Animal Health and Welfare Pathway and India's veterinary unit scheme, are further supporting market expansion by improving animal health and welfare, particularly in rural areas. Market players are actively pursuing growth through strategic initiatives, including product launches, partnerships, and regional expansions, which are expected to contribute to the market's upward trajectory.

The companion animals segment is anticipated to dominate the market, fueled by a growing pet population and increased pet expenditure. The rising adoption of pets, particularly dogs, is driving demand for pet care products and services. Government initiatives and technological advancements in animal healthcare are also supporting segment growth. North America, with its high pet adoption rates and strategic market activities, is expected to maintain a significant market share. Major players in the veterinary care market are engaging in regional expansions, mergers, and collaborations to enhance their competitive position. Despite potential challenges such as rising costs of animal care, the market is expected to experience robust growth over the forecast period.

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Veterinary Care Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Rising Chronic Diseases and Awareness Regarding Veterinary Care
  2. 1.2.2 Increasing Initiatives by Governments and Animal Welfare Associations in Different Countries
3. 1.3 Market Restraints
  1. 1.3.1 Increasing Costs of Animal Care Product and Veterinary Services
4. 1.4 Porter's Five Force Analysis
  1. 1.4.1 Bargaining Power of Buyers/Consumers
  2. 1.4.2 Bargaining Power of Suppliers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION (Market Size by Value - USD)
1. 2.1 By Animal Type
  1. 2.1.1 Companion Animal
  2. 2.1.2 Production Animal
2. 2.2 By Type of Care
  1. 2.2.1 Primary
  2. 2.2.2 Emergency
  3. 2.2.3 Critical
  4. 2.2.4 Specialty Services
  5. 2.2.5 Others Services (Diagnostic Services, Counselling For Pet Care and Other Types of Care)
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 France
    4. 2.3.2.4 Italy
    5. 2.3.2.5 Spain
    6. 2.3.2.6 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 South Korea
    6. 2.3.3.6 Rest of Asia-Pacific
  4. 2.3.4 Middle East and Africa
    1. 2.3.4.1 GCC
    2. 2.3.4.2 South Africa
    3. 2.3.4.3 Rest of Middle East and Africa
  5. 2.3.5 South America
    1. 2.3.5.1 Brazil
    2. 2.3.5.2 Argentina
    3. 2.3.5.3 Rest of South America