Strong Growth Ahead: Veterinary Care Market Size To Grow At Arecord 6.6% Cagr By 2029

The Veterinary Care Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Veterinary Care Market Size Expected to Be by 2034?
The size of the veterinary care market has been experiencing robust growth in the past few years. It is projected to rise from $82.04 billion in 2024 to $87.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The historic growth can be linked to the increased number of dog adoptions, heightened governmental efforts towards animal health, a rise in the pet population, an upsurge in disposable income, and an increased demand for veterinary diagnostics.

In the coming years, the market size of veterinary care is set to experience robust growth. By 2029, it is predicted to reach $113.58 billion, with a compound annual growth rate (CAGR) of 6.7%. This growth during the projected period can be credited to the increased demand for portable devices for point-of-care (POC) services, a surge in veterinary services, a rise in chronic diseases among pets, the need for hazard-free animal products, and an escalation in rabies deaths. Key trends anticipated during this forecast period are ribonucleic acid (RNA)-particle technology, the development of groundbreaking animal healthcare products, progress in veterinary medicine, the use of digital cytology technology, and technological advancements.

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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Veterinary Care Market Trends?
The veterinary care market is predicted to grow steadily due to the rising trend of adopting pets. Under pet adoption, individuals take on responsibility for a pet, often from a shelter or rescue group, or even from a previous owner, and commits to providing it with a permanent home, which involves legal and ethical obligations. Several factors, including social changes, urbanization and the trend of young adults delaying parenthood, are contributing to the increase in pet adoption. Veterinary care plays a pivotal role during this adoption process as it involves providing medical treatment and preventative care to the pet, managing any pressing medical requirements. For instance, the American Pet Products Association revealed that as of October 2023, 86.9 million US households, or 66% of total households in 2022, owned a pet. Likewise, Animal Medicines Australia disclosed in November 2022 that 69% of Australian households in 2022 had pets. Consequently, the growing propensity for pet adoption is fuelling the growth of the veterinary care market.

Who Are the Top Competitors in Key Veterinary Care Market Segments?
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

What Ampoule Bottle Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the veterinary care market are concentrating on the creation of novel items, like pet first-aid kits, to improve the overall health and well-being of animals. This aims at everything from preventive measures to addressing serious health problems. A pet first-aid kit contains crucial items and equipments intended to provide preliminary care for pets suffering minor harm or emergencies until expert veterinary help can be secured. A fully equipped first-aid kit is invaluable in managing everyday pet crises, such as cuts, burns or choking episodes. For example, MySimplePetLab., an American company offering pet care at home or in the clinic, introduced the first aid care dog kit at Target stores in August 2023. The kit aims to provide instant relief for wounds, cuts, and less serious injuries, making it a must-have for pet owners at home and during transport. The kit comprises of essential items like a vet-certified care manual, wound cleaning materials, a wound shield, a bleed-stop powder, antiseptic wipes, antibiotic creams, gauze pads, a quick-acting cold pack, and more.

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Which Regions Are Becoming Hubs for Veterinary Care Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Veterinary Care Market?
2. What is the CAGR expected in the Veterinary Care Market?
3. What Are the Key Innovations Transforming the Veterinary Care Industry?
4. Which Region Is Leading the Veterinary Care Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the veterinary care market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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