The Veterinary Care Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Veterinary Care Market?
The global market of veterinary care has experienced robust growth in recent years. The market size is projected to increase from $82.04 billion in 2024 to $87.77 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Veterinary Care Industry?
The market size of the Veterinary Care Global Market Report 2025 is projected to reach $113.58 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%.
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What are the Key Growth Drivers Fueling the Veterinary Care Market?
The key drivers in the veterinary care market are:
• Rising demand for portable devices for point-of-care services in veterinary care
• Increase in the prevalence of chronic diseases among pets
• Escalating demand for hazard-free animal products
• An increase in death due to rabies necessitating better veterinary care
Global Market Segmentation: Identifying Major Veterinary Care Industry Segments
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 are the emerging Trends Shaping the Future of the Veterinary Care Market?
The key trends in the veterinary care market are:
• The market trend is moving towards ribonucleic acid (RNA)-particle technology.
• There is a significant shift towards innovative animal healthcare products.
• Advancements in veterinary medicine are notably influencing the market trend.
• Digital cytology technology and other technological advancements are significantly shaping the industry.
Who Are the Top Competitors & Leading Players in the Veterinary Care Market?
Major players 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the veterinary care market in 2024
