What is Global Veterinary Services Market?
The Global Veterinary Services Market is a dynamic and essential sector that caters to the health and well-being of animals worldwide. This market encompasses a wide range of services provided by veterinary professionals, including medical care, diagnostics, surgery, and preventive measures for both domestic pets and livestock. The demand for veterinary services is driven by the increasing pet ownership, rising awareness about animal health, and the growing importance of livestock in the agricultural sector. Veterinary services play a crucial role in ensuring the health of animals, which in turn supports public health by preventing zoonotic diseases—those that can be transmitted from animals to humans. The market is characterized by a diverse range of service providers, from small veterinary clinics to large hospitals, each offering specialized care tailored to different animal needs. Technological advancements, such as telemedicine and advanced diagnostic tools, are also shaping the future of veterinary services, making them more accessible and efficient. As the global population continues to grow and urbanize, the demand for comprehensive veterinary services is expected to rise, highlighting the market's significance in maintaining animal health and welfare.
Veterinary Drug, Veterinary Devices in the Global Veterinary Services Market:
Veterinary drugs and devices are integral components of the Global Veterinary Services Market, playing a pivotal role in the diagnosis, treatment, and prevention of diseases in animals. Veterinary drugs include a wide array of medications such as antibiotics, vaccines, anti-parasitic agents, and pain relievers, all designed to address various health issues in animals. These drugs are essential for maintaining the health of pets and livestock, ensuring they lead healthy lives and contribute effectively to the agricultural economy. The development and approval of veterinary drugs involve rigorous testing and regulatory processes to ensure their safety and efficacy. On the other hand, veterinary devices encompass a broad range of tools and equipment used in the care and treatment of animals. These include diagnostic devices like X-ray machines and ultrasound equipment, surgical instruments, and monitoring devices that track vital signs and other health indicators. The advancement in veterinary devices has significantly enhanced the ability of veterinarians to diagnose and treat complex conditions, improving the overall quality of care provided to animals. The integration of technology in veterinary devices, such as wearable health monitors and telemedicine platforms, is revolutionizing the way veterinary care is delivered, making it more efficient and accessible. As the demand for high-quality veterinary care continues to grow, the market for veterinary drugs and devices is expected to expand, driven by innovations and the increasing focus on animal health and welfare.
Veterinary Clinic, Veterinary Hospital in the Global Veterinary Services Market:
The Global Veterinary Services Market finds extensive application in veterinary clinics and hospitals, which are the primary facilities where animal healthcare services are delivered. Veterinary clinics are typically smaller establishments that provide routine care and minor medical procedures for pets and small animals. They offer services such as vaccinations, wellness exams, dental care, and basic surgical procedures. Clinics are often the first point of contact for pet owners seeking medical attention for their animals, providing essential preventive care and early diagnosis of health issues. On the other hand, veterinary hospitals are larger facilities equipped to handle more complex medical cases and emergencies. They offer a comprehensive range of services, including advanced diagnostics, specialized surgeries, and intensive care for critically ill animals. Veterinary hospitals often have specialized departments, such as oncology, cardiology, and orthopedics, staffed by veterinarians with expertise in these areas. The presence of state-of-the-art equipment and a multidisciplinary team of professionals enables veterinary hospitals to provide high-level care for animals with serious health conditions. Both clinics and hospitals play a crucial role in the veterinary services market, catering to the diverse needs of pet owners and livestock producers. The collaboration between clinics and hospitals ensures a seamless continuum of care, from routine check-ups to specialized treatments, enhancing the overall health and well-being of animals. As the demand for veterinary services continues to rise, driven by factors such as increasing pet ownership and the growing importance of livestock, the role of clinics and hospitals in the veterinary services market is expected to become even more significant.
Global Veterinary Services Market Outlook:
In 2024, the global market for Veterinary Services was valued at approximately $84.56 billion, with projections indicating it could grow to around $114.43 billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.5% over the forecast period. This growth is indicative of the increasing demand for veterinary services worldwide, driven by factors such as rising pet ownership and the growing importance of animal health. In the United Kingdom, for instance, annual spending on veterinary and other pet services surged from £2.6 billion in 2015 to £4 billion in 2021, marking a significant 54% increase over six years. This trend underscores the growing willingness of pet owners to invest in the health and well-being of their animals. According to Vetnosis, the global animal health industry was valued at $38.3 billion in 2021, representing a 12% increase. This growth highlights the expanding market for veterinary products and services, driven by advancements in veterinary medicine and technology. In China, the pet medical market was valued at approximately 67.5 billion yuan in 2022, accounting for about 22.5% of the entire pet industry. This data reflects the increasing importance of veterinary services in maintaining the health and welfare of animals, as well as the growing economic significance of the veterinary sector in various regions around the world.
| Report Metric | Details |
| Report Name | Veterinary Services Market |
| Accounted market size in year | US$ 84560 million |
| Forecasted market size in 2031 | US$ 114430 million |
| CAGR | 4.5% |
| Base Year | year |
| Forecasted years | 2025 - 2031 |
| Segment by Type |
|
| Segment by Application |
|
| By Region |
|
| By Company | Abaxis, VCA (all based in the US), Benfield Pet Hospital, Greencross Vets (Australia), CVS Group (UK), The Bergh Memorial Animal Hospital, The Animal Medical Center |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
