According to the latest report by IMARC Group, titled "Veterinary Service Market Report by Service (Surgery, Diagnostic Tests and Imaging, Physical Health Monitoring, and Others), Animal Type (Companion Animal, Farm Animal), End Use (Veterinary Clinic, Veterinary Hospital), and Region 2025-2033," the global veterinary service market reached a value of USD 118.2 Billion in 2024. Veterinary services refer to the healthcare advice, diagnosis, care, or treatment delivered by a veterinarian. It primarily involves outpatient care and minor medical techniques involving hospitalization for fewer than four days. It also includes the treatment of diseased animals, periodic medical monitoring, animal neutering, preventive medical services, diagnostic services for pets, pet vaccination, artificial insemination, and animal health protection, among other services. Veterinary services can also be offered in remote locations via digital consultation services by both pet parents and veterinarians, thus improving the overall convenience of owning a pet.
Global Veterinary Service Market Trends:
The global market is primarily driven by the increasing pet adoption rates. In line with this, the rising implementation of digital solutions in veterinary services is creating a positive outlook for the market. Furthermore, the growing trend of pet humanization, the inflating disposable income levels of households, and the penetration of efficient pet insurance schemes are encouraging pet owners to willingly spend on providing high-quality veterinary services to their pets. Apart from this, the rising pet-related concerns about their health, nutrition, and the emergency care that distinct animals need are catalyzing the market. Moreover, the increasing prevalence of animal diseases and a strong focus on offering optimum pet care products and services are propelling the market. Besides, rapid advancements in diagnostics and imaging technologies for veterinary services are strengthening the market. Other factors, including favorable initiatives undertaken by government bodies, the introduction of novel products or services by market players, and the growing number of veterinary clinics, are further providing a boost to the market growth worldwide. Looking forward, the market value is projected to reach USD 172.9 Billion by 2033, expanding at a CAGR of 4.3% during 2025-2033.
Market Summary:
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