Leading Element Driving Change in the Veterinary Care Market in 2025: Growth Of Veterinary Care Driven By Increasing Pet Adoption Driver

What Is the Estimated Market Size and Growth Rate for the Veterinary Care Market?
The market size for veterinary care has seen robust growth in the recent past. Its size is projected to increase from $82.04 billion in 2024 to $87.77 billion in 2025, reporting a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historic period include a surge in dog ownership, enhanced government actions supporting animal health, a growing pet populace, a rise in disposable income, and a heightened need for veterinary diagnostic services.

Strong expansion is predicted for the veterinary care market in the coming years, with projections indicating a growth to $113.58 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. This projected growth during the specified period could be credited to a host of factors including the increasing need for portable devices for point-of-care (POC) services, an uptick in veterinary services, a rise in chronic disease cases among pets, the call for safe animal products, and a surge in fatalities due to rabies. Over the forecast period, significant trends such as ribonucleic acid (RNA)-particle technology, new animal healthcare products, advancements in the field of veterinary medicine, digital cytology technology, and progressive technological developments are expected to surface.

What Are the Forces Behind the Rapid Growth of the Veterinary Care Market?
The rising inclination towards pet adoption is predicted to drive the expansion of the veterinary care market in the years to come. Adopting a pet denotes accepting accountability for an animal's welfare, whether it comes from a rescue group, shelter, or past owner, and providing it with a secure, enduring residence, which involves lawful and ethical responsibilities. This growth in pet adoption is due to numerous elements, including cultural shifts, urban development, and an increase in young adults postponing starting a family. Veterinary care plays an integral part in pet adoption as it offers medical interventions and preventative healthcare to verify the new pet is in good health and to address any current health issues. In October 2023, for example, the American Pet Products Association, a charity based in the US, reported that 86.9 million US homes owned a pet, marking a 66% increase from households in 2022. Furthermore, according to Animal Medicines Australia, an Australian association representing animal health, 69% of households in Australia in 2022 possessed pets by November 2022. Consequently, this growth in pet adoption is fuelling the veterinary care market.

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Who Are the Dominant Companies Influencing Veterinary Care Market Trends?
Major companies operating in the veterinary care market are Cargill Incorporated, Novartis AG, Mars Incorporated, C.H. Boehringer Sohn AG & Co. KG, The Merck Group, Zoetis Inc., Elanco Animal Health Incorporated, IDEXX Laboratories Inc., Ceva Santé Animale, Phibro Animal Health Corporation, Dechra Pharmaceuticals PLC, PetVet Care Centers LLC, VetStrategy Inc., Vetoquinol, Heska Corporation, Neogen Corporation, Sequent Scientific Ltd., Animal Care Group Plc, Medivet, Hester Bioscience Limited

Who Are the Dominant Companies Influencing Market Trends?
Key brands within the veterinary care market are concentrating their efforts on creating unique products like pet first-aid kits, to improve the general health and wellness of animals. These kits address numerous areas, from prevention to the management of intricate health issues. Pet first-aid kits comprise critical tools and resources that offer preliminary treatment during minor injuries or emergency situations until professional veterinary assistance is available. Having a comprehensive first-aid kit is vital in dealing with ordinary pet emergencies, such as cuts, burns, or choking situations. For example, in August 2023, MySimplePetLab., a US company providing pet services at home or within their clinics, introduced a dog first aid care kit in Target stores. This kit targets to deliver instant relief for minor wounds and injuries, proving itself to be a must-have for pet owners both at home and on the go. It comes equipped with essentials like a vet-approved care guide, wound cleaning supplies, a wound shield, bleed-stopping powder, antibacterial wipes, antibiotic creams, gauze pads, an instant cold pack, and many more items.

What Are the Different Segmentations in the Veterinary Care Market?
The veterinary care market covered in this report is segmented -

1) By Product: Therapeutics, Diagnostics
2) By Animal Type: Companion Animal, Production Animal
3) By Type Of Care: Primary, Emergency, Critical, Specialty Services, Others Services
4) By End-User: Veterinary Hospitals, Veterinary Clinics, Veterinary Laboratory Testing Services, Other End-User

Subsegments:
1) By Therapeutics: Anti-infective Drugs, Pain Management Medications, Vaccines, Anesthetics, Anti-inflammatory Drugs, Hormonal Therapies, Nutraceuticals And Supplements
2) By Diagnostics: In-Vitro Diagnostic Tests, Imaging Equipment (X-ray, Ultrasound, MRI), Blood Testing Kits, Fecal Analysis Kits, Rapid Test Kits, Histopathology Products, Diagnostic Imaging Software

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Which Region Is at the Forefront of the Veterinary Care Market?
North America was the largest region in the veterinary care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Veterinary Care Global Market Report?

- Market Size Analysis: Analyze the veterinary care Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the veterinary care market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall veterinary care market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the veterinary care market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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