Veterinary Services Market Set to Witness Significant Growth by 2025-2032 | CVS Group PLC, Greencross Vets, Ethos Veterinary Health

Veterinary Services Market Size, Growth, Trends, and Forecast 2025-2032

The global Veterinary Services industry is witnessing substantial evolution driven by rising pet ownership, increasing livestock focus, and enhanced awareness around animal health. Innovations in veterinary diagnostics, telemedicine, and preventive care are reshaping the market dynamics with amplified demand from both companion and production animals.

Market Size and Overview
The Global Veterinary Services Market size is estimated to be valued at USD 127.00 billion in 2025 and is expected to reach USD 209.47 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2025 to 2032. This growth reflects the expanding market scope fueled by technological adoption and growing demand in emerging markets. The market report underscores regional variations and evolving business growth strategies impacting industry size and market revenue.

Key Takeaways
- North America: Mature market with advanced veterinary care infrastructure supporting preventive and specialty services.
- Latin America: Rapid growth due to increasing livestock farming and rising pet adoption rates.
- Europe: Shift towards integrated veterinary services combining diagnostics and therapeutics.
- Asia Pacific: Fastest-growing region driven by rising disposable income and expanding small animal population.
- Middle East & Africa: Emerging market with growing awareness of animal welfare and disease control programs.

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Market segments:
- Service Type: Preventive care (vaccinations, parasite control), diagnostic services (imaging, laboratory testing), and surgical procedures with applications in pet health management and livestock disease prevention.
- Animal Type: Companion animals (dogs, cats) - highest volume in urban areas; livestock (cattle, poultry) services focusing on food security and production efficiency.
- End-User: Veterinary clinics, hospitals, and mobile veterinary services addressing accessibility and convenience in various geographies.

Growth Factors
Key market drivers include increasing antibiotic resistance prompting advanced diagnostics, and the surge in pet ownership in urban centers worldwide. For instance, in 2024, Asia Pacific witnessed a 15% year-over-year increase in veterinary clinic openings, correlating with greater pet health expenditure. Furthermore, livestock health management policies by organizations such as the FAO have increased demand for veterinary services supporting disease surveillance and sustainable production.

Market Trends
Ongoing market trends emphasize digital transformation with tele-veterinary platforms expanding post-pandemic. Data from 2025 shows a 25% rise in teleconsultations globally, improving access in rural areas. Additionally, the incorporation of AI-driven diagnostics is becoming a common practice, with reported improvements in diagnostic accuracy by over 20% in 2024 clinical trials. There's also a notable trend towards sustainable and welfare-friendly veterinary approaches aligned with consumer preferences.

Actionable Insights
- Supply-side Indicators: Production capacity for veterinary pharmaceuticals rose annually by 8% in 2024, meeting the increased demand for preventive care products. Pricing trends show an average increase of 5% in specialty surgical procedures due to technological advancements. Export volumes of veterinary diagnostic tools surged by 12% in 2025, highlighting growing cross-border demand.
- Demand-side Indicators: Veterinary service imports in emerging economies expanded by 18% in 2024, reflecting the growing reliance on advanced diagnostics. Diverse use cases range from companion animal wellness to large-scale livestock health monitoring, with expanding applications in zoos and wildlife rehabilitation centers contributing to market diversification.
- Micro-Indicators: Small-scale mobile veterinary units enhanced market penetration in underserved regions by 22% in 2025. Nano-level customized therapies for pets also represented a $450 million segment in 2024, indicating rising interest in personalized veterinary medicine.

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Key Players
Leading market players shaping the Veterinary Services market include CVS Group PLC, Greencross Vets, Ethos Veterinary Health, Idexx Laboratories Inc., Pets at Home Group PLC, CityVet Inc., FirstVet AB, and Kremer Veterinary Services. Notable competitive strategies include:
- CVS Group PLC's acquisition of regional chains to expand market share in Europe, resulting in a 12% increase in revenue in 2024.
- Ethos Veterinary Health's investment in specialty hospitals boosted service capability, driving a 15% growth in high-margin surgical services.
- Idexx Laboratories Inc.'s partnership with diagnostic startups accelerated product innovation cycles, leading to enhanced diagnostic portfolios and wider market presence.

FAQs

1. Who are the dominant players in the Veterinary Services market?
The dominant market players include CVS Group PLC, Greencross Vets, Ethos Veterinary Health, and Idexx Laboratories Inc., noted for their extensive service portfolios and regional expansions.

2. What will be the size of the Veterinary Services market in the coming years?
The Veterinary Services market size is projected to grow from USD 127.00 billion in 2025 to USD 209.47 billion by 2032, at a CAGR of 7.4%.

3. Which end-user industry has the largest growth opportunity?
Companion animal services, especially preventive care and diagnostics, present the largest growth opportunities, driven by urban pet ownership trends and increasing consumer spending.

4. How will market development trends evolve over the next five years?
Market trends will include accelerated tele-veterinary adoption, AI-driven diagnostics, and integration of sustainable veterinary practices, together enhancing market opportunities and improving business growth.

5. What is the nature of the competitive landscape and challenges in the Veterinary Services market?
The competitive landscape is marked by consolidation, innovation, and regional expansion. Challenges include balancing cost pressures with advanced technology adoption and managing regulatory compliance across regions.

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Table of Content: Veterinary Services Market Scenario 2025

1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social, and Technological) Analysis of Veterinary Services Industry
2 Market Trends and Competitive Landscape
3 Segmentation of Veterinary Services Market by Types
4 Segmentation by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Veterinary Services Industry in Major Countries
7 North America Veterinary Services Landscape Analysis
8 Europe Veterinary Services Landscape Analysis
9 Asia Pacific Veterinary Services Landscape Analysis
10 Latin America, Middle East & Africa Veterinary Services Landscape Analysis
11 Major Players Profile

Author of this marketing PR:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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