United States Veterinary Healthcare Market

United States Veterinary Healthcare Market Overview:

The United States veterinary healthcare market is projected to exhibit a growth rate (CAGR) of 5.30% during 2024-2032. The market is primarily driven by increasing pet ownership, significant expansion of the pet food industry, and demand for advanced animal care products and services that support a wide array of pet and livestock health needs across the country.

United States Veterinary Healthcare Market Trends:

Increased Pet Ownership

Pet ownership in the U.S. has seen remarkable growth, with Forbes estimating that 66% of American households totaling 86.9 million homes have become pet owners based on the 2024 data on pet ownership, which significantly increased from 56% in 1988. Additionally, pets play a variety of vital roles, ranging from providing companionship to providing emotional support, and are even considered part of the family by 97% of the owners. Furthermore, dogs are the most popular pets in the United States, as 65.1 million families keep dogs as pets. The second most common is cats, at 46.5 million homes, while fish take third place, residing in 11.1 million households. Moreover, the growth in pet ownership propels the demand for veterinary services. This leads to increased consumption by more households on regular check-ups, vaccination services, and treatments for pets, hence increasing overall consumption in the veterinary sector. This therefore enhances a trend in the veterinary service market and further encourages an emerging demand for pet insurance, value-added pet health care products, and lifetime wellness plans that ensure continuity in the growth of the pet care ecosystem due to the increasing pet population.

Significant Expansion of the Pet Food Industry

The pet food industry has been experiencing consistent growth as per the World Animal Foundation (WAF), 61% of pet owners in the U.S. buy nutritious food for their animals well-being, while the organic pet food market is valued at $2.318 Million. According to the U.S. Department of Agriculture (USDA), the export value of dog and cat food from the U.S. reached $2.41 billion in 2023. This represents an average of $2.32 Billion over the past three years and a compound annual growth rate (CAGR) of 6.4% from 2014 to 2023. This expansion is largely driven by the increasing pet population and the evolving attitudes of pet owners who are now more inclined to seek out premium nutrition options for their pets. As consumers become more aware about the health needs of their animals, there has been a noticeable shift toward high-quality, specialized pet foods that cater to various dietary requirements and life stages. This trend has encouraged more companies to enter the pet food market, introducing innovative products that range from organic and grain-free options to custom diet plans tailored for specific breeds or health conditions.

United States Veterinary Healthcare Market News:

• 2 July 2024, Mars Incorporated, a prominent leader in pet care services and products, has finalized its acquisition of the ownership interests previously held by Cerba HealthCare in Cerba Vet and ANTAGENE. These entities are now integrated into the Science & Diagnostics division of Mars Petcare, enhancing its diagnostics portfolio Mars Petcare’s Science & Diagnostics division.
• 7 May 2024, Esaote, Inc. introduced the MyLab Omega eXP VET, an advanced portable ultrasound system to enhance veterinary care. Featuring exceptional durability, precision, and rapid performance, the MyLab Omega eXP VET provides veterinarians with enhanced flexibility and accuracy in diagnostic imaging, available at any time and in any location.

United States Veterinary Healthcare Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product, animal type, and end user.

Product Insights:

• Therapeutics
  • Vaccines
  • Parasiticides
  • Anti-Infectives
  • Medical Feed Additives
  • Others
• Diagnostics
  • Immunodiagnostic Tests
  • Molecular Diagnostics
  • Diagnostic Imaging
  • Clinical Chemistry
  • Others
     

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:

• Dogs and Cats
• Horses
• Ruminants
• Swine
• Poultry
• Others
   

The report has provided a detailed breakup and analysis of the market based on the animal type. This includes dogs and cats, horses, ruminants, swine, poultry, and others.

End User Insights:

• Veterinary Hospitals
• Veterinary Clinics
• Veterinary Laboratory Testing Services
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end user. This includes veterinary hospitals, veterinary clinics, veterinary laboratory testing services, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

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.

United States Veterinary Healthcare Market Report Coverage:

​
Key Questions Answered in This Report:

• How has the United States veterinary healthcare market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States veterinary healthcare market?
• What is the breakup of the United States veterinary healthcare market on the basis of product?
• What is the breakup of the United States veterinary healthcare market on the basis of animal type?
• What is the breakup of the United States veterinary healthcare market on the basis of end user?
• What are the various United States stages in the value chain of the United States veterinary healthcare market? 
• What are the key driving factors and challenges in the United States veterinary healthcare?
• What is the structure of the United States veterinary healthcare market and who are the key players?
• What is the degree of competition in the United States veterinary healthcare market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various United States market segments, historical and current market trends, market forecasts, and dynamics of the United States veterinary healthcare market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States veterinary healthcare market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States veterinary healthcare industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

​