The Europe veterinary healthcare market size reached USD 2,055.29 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,753.21 Million by 2033, exhibiting a growth rate (CAGR) of 6.92% during 2025-2033. The Europe veterinary healthcare sector is driven by widespread pet ownership, a significant growth in livestock population, advancements in veterinary technology, stringent EU animal welfare regulations, and rising demand for specialized veterinary services ensuring optimal animal health and food safety.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 2,055.29 Million |
Market Forecast in 2033 | USD 3,753.21 Million |
Market Growth Rate 2025-2033 | 6.92% |
Rising Pet Ownership and Increased Spending on Animal Health
Europe has witnessed a consistent increase in pet ownership, with more than 90 million families now keeping pets, as per the European Pet Food Federation (FEDIAF). The resultant growing pet population has led to greater demand for veterinary services, pharmaceuticals, and specialized treatments. Humanization of pets, whereby owners identify with animals as members of the family, has fostered greater expenditure on higher-quality pet health services, including vaccination, prevention, and cutting-edge treatments such as orthopedic procedures and dental treatment. Germany, France, and the UK are at the forefront of the region in terms of expenditure on veterinary healthcare, fueled by increasing disposable incomes and insurance coverage for animals. Moreover, the European pet insurance sector is growing in leaps and bounds, enabling pet owners to financially support costly treatment. In Sweden, for instance, close to 90% of dogs are covered by pet insurance, acting as a beacon for other countries in Europe that are increasingly opting for pet insurance. This, in turn, is fueling the animal healthcare sector with insured pet owners being more prone to avail complex medical treatment for their pets.
Innovations in Veterinary Medicines
The European market for veterinary healthcare is gaining from speedy technological innovations. Advancements in diagnostic equipment, telemedicine, artificial intelligence imaging, and minimally invasive surgical procedures have enhanced efficiency and access to veterinary care. For instance, diagnostic platforms powered by AI are increasingly popular in Europe, enabling veterinarians to diagnose diseases in livestock and pets with greater precision. Other technologies like pet wearable health monitors and mobile vet clinics are also revolutionizing the market. Within the livestock sector, the uptake of precision livestock farming (PLF) technologies is improving animal health, minimizing the use of antibiotics, and streamlining disease control. The EU's antibiotic restriction policy in farm animals, enacted in 2022, has hastened the need for substitute healthcare solutions like probiotics, vaccines, and early disease diagnosis technologies. Moreover, growth in corporate veterinary chains like AniCura (Sweden) and CVS Group (UK) has led to increased investment in more advanced medical facilities. These firms are outfitting their clinics with MRI scanners, robotic-assisted surgery, and 3D printing of prosthetics, enhancing treatment choices and outcomes.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and animal type.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes therapeutics (vaccines, parasiticides, anti-infectives, medical feed additives, and others) and diagnostics (immunodiagnostic tests, molecular diagnostics, diagnostic imaging, clinical chemistry, and others).
Animal Type Insights:
A detailed breakup and analysis of the market based on the animal type have also been provided in the report. This includes dogs and cats, horses, ruminants, swine, poultry, and others.
Country-Wise Insights:
The report has also provided a comprehensive analysis of all the major country-based markets, which include Germany, France, United Kingdom, Italy, Spain, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered |
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Animal Types Covered | Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |