Global Veterinary Services Market - Industry Analysis Size Share Growth Trends and Forecast 2026-2033

Veterinary Services Market Summary

The global veterinary services market size was valued at USD 156.3 billion in 2025 and is projected to grow from USD 169.7 billion in 2026 to USD 292.8 billion by 2033, at a CAGR of 8.1% from 2026 to 2033. The North America held the largest share of 36.8% of the global market in 2025. The industry is advancing, driven by rising pet ownership and spending on animal healthcare, rising prevalence of chronic and infectious diseases in pets and livestock, and advancements in diagnostics and treatment technologies.

Key Market Trends & Insights

By animal: Production animals segment held the largest market share of 58.5% in 2025.
By service: Medical services segment held the largest market share of 70.4% in 2025.

Regional Highlights

Largest regional market: North America (36.8% revenue share, 2025)
Fastest-growing regional market: Asia Pacific (highest CAGR, 2026-2033)
By country: The U.S. held the largest share in 2025

Market Size & Forecast

Market size in 2025: USD 156.3 Billion
Estimated market size in 2026: USD 169.7 Billion
Projected market size by 2033: USD 292.8 Billion
CAGR (2026-2033): 8.1%

Growing demand for preventive care, wellness services, and specialized veterinary expertise is accelerating market growth. For instance, in September 2025, SignalPET introduced SignalPET 360°, a comprehensive radiology solution designed to streamline veterinary diagnostics. The platform integrates AI-powered immediate triage, a complete AI Report modeled after radiologist reports, and 24/7 access to board-certified radiologists, all in one system. By merging AI technology with radiologist expertise, the platform enables clinics to work more efficiently, make more confident decisions, and provide better patient care.

The veterinary services market is witnessing strong growth, driven by the rapid rise in pet ownership and the increasing focus on preventive healthcare. In 2024, 66% of U.S. households (86.9 million homes) owned a pet, with dogs and cats making up the majority. This surge in pet adoption has driven demand for routine veterinary checkups, diagnostics, and preventive services, as pet owners increasingly view animals as family members. Spending reflects this trend-pet-related expenditures reached USD 150.6 billion in 2024, up from USD 147.0 billion in 2023, with diagnostics gaining a growing share. For example, IDEXX's 2024 survey revealed that 73% of Millennials and 71% of Gen Z pet parents support annual wellness diagnostics, underscoring a generational shift toward proactive health management.

Recent Developments

In February 2026, GekkoVet and Royal Canin launched AI-driven clinical decision tools in Mexico, enhancing diagnostics, treatment accuracy, and workflow efficiency for veterinary professionals. Such an initiative accelerates AI adoption, improves clinical outcomes, boosts efficiency, and drives demand for tech-enabled veterinary services across Latin America.

In December 2025, PetPlusU expanded into China, leveraging AI, IoT, and data analytics to deliver digital pet healthcare solutions, supporting clinics and enhancing personalized care in a rapidly growing pet economy. Such an initiative drives digital transformation, enhances preventive care, and increases demand for AI-based veterinary solutions, strengthening tech-driven service ecosystems in China.

In September 2025, SignalPET introduced SignalPET 360°, a comprehensive radiology solution designed to streamline veterinary diagnostics. The platform integrates AI-powered immediate triage, a Complete AI Report modeled after radiologist reports, and 24/7 access to board-certified radiologists, all in one system.

In May 2025, Vetanco, a global animal health company, partnered with Saudi Arabia’s Arasco via its veterinary division Al-Emar International, granting Al-Emar exclusive distribution rights for Vetanco’s portfolio in Saudi Arabia.

In March 2025, Pet Madness Inc. launched the world's first AI-driven pet ecosystem, integrating software, hardware, and partnerships to connect pet owners, veterinarians, brands, and service providers.

Global Veterinary Services Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033.

Market Overview

Executive Summary
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
Technological Landscape
Regulatory Framework
Mergers and Acquisitions
Price Analysis
PEST Analysis
Porter’s Analysis
- Threat of New Entrants
- Bargaining Power of Buyers/Consumers
- Bargaining Power of Suppliers
- Threat of Substitute
- Intensity of Competitive Rivalry
Value Chain Analysis
Competitive Landscape/Market Share Analysis
Key Insights Shared by Primary Respondents

Segments Covered

By Animal

Companion Animals
- Dogs
- Cats
- Horses
- Others
Production Animals
- Cattle
- Poultry
- Swine
- Others

By Service

Medical Services
 - Diagnosis
 - In-Vitro Diagnosis
- In-Vivo Diagnosis
- Preventative Care
- Treatment
- Consultation
- Surgery
- Others

Non-Medical Services
 - Pet Services
 - Livestock Services

By Region

North America : United States, Canada
Europe : Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Denmark, Switzerland, Rest of Europe
Asia Pacific : China, India, Japan, Australia, South Korea, Thailand, Indonesia, Malaysia, Singapore, Rest of Asia Pacific
Latin America : Brazil, Mexico, Argentina, Colombia, Rest of Latin America
Middle East & Africa : South Africa, Nigeria, Saudi Arabia, UAE, Qatar, Kuwait, Oman, Rest of Middle East & Africa

Company Profiles

Zoetis Inc.
Company Overview
Financial
Gross Margin
Product Portfolio
Recent Developments
SWOT Analysis
Business Strategies
SWOT Analysis

CVS Group Plc
Mars Incorporated
National Veterinary Associates
Pets at Home Group PLC
Greencross Vets
Fetch! Pet Care
IVC Evidensia
A Place for Rover, Inc.
PetSmart LLC
Airpets International