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Veterinary Services Market Size

  • Report ID: GMI5280
  • Published Date: Aug 2024
  • Report Format: PDF

Veterinary Services Market Size

Veterinary Services Market size reached USD 110.8 billion in 2023 and is expected to grow at a CAGR of 7.3% from 2024 and 2032. This growth is mainly driven by a rise in global pet ownership, especially in cities where pets are seen as family members. This change has led to higher spending on pet health and wellness, as owners want the best care for their pets.

 

Increased awareness about animal health also boosts the market. Pet owners today have access to a lot of information through digital platforms and social media, making them more aware of the need for preventive care and regular check-ups. This awareness is increasing the demand for various veterinary services, from routine vaccinations to advanced diagnostic tests. The livestock sector also significantly contributes to the demand for veterinary services. With the global demand for animal products like meat, milk, and eggs rising, there is a greater need for effective health management of livestock. Veterinary services are essential for maintaining the health and productivity of livestock, which supports food safety and security.

 

Veterinary services include medical care and treatment for pets and livestock. These services cover preventive care like vaccinations, diagnostics, and surgeries. Veterinary services aim to ensure the health and well-being of animals, prevent and treat diseases, and manage injuries. They also offer specialized care, such as reproductive and nutritional advice, which helps improve the overall health and productivity of animals in different settings.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The veterinary services market reached USD 110.8 billion and is expected to grow at 7.3% CAGR during 2024-2032, driven by the rise in global pet ownership.

The general segment accounted for USD 46.9 billion in 2023 and will grow rapidly through 2032, as they ensure a large and loyal customer base.

North America veterinary services market accounted for USD 45.7 billion in 2023 and is projected to reach USD 84 billion by 2032, driven by high pet ownership rates and growing awareness and spending on pet health.

Ethos Veterinary Health LLC, Frolick Dogs LLC, Greencross Vets, IDEXX Laboratories Inc, Kathy Santo Dog Training, Mars, and Incorporated among others.

Veterinary Services Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 338
  • Countries covered: 22
  • Pages: 193
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