North America Veterinary Hospital Market Size & Outlook
North America veterinary hospital market, 2018-2030 (US$M)
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North America veterinary hospital market highlights
- The North America veterinary hospital market generated a revenue of USD 35,985.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, medicine was the largest revenue generating type in 2023.
- Surgery is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 35,985.1 million |
| Market revenue in 2030 | USD 51,779.4 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Medicine |
| Fastest growing segment | Surgery |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgery, Medicine, Consultation |
| Key market players worldwide | CVS Group PLC, Pets at Home Group PLC, Greencross Vets, National Veterinary Associates, All Pets Veterinary Hospital, Innovetive Petcare |
Other key industry trends
- In terms of revenue, North America region accounted for 43.2% of the global veterinary hospital market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 10,033.8 million by 2030.
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Veterinary Hospital Market Scope
Veterinary Hospital Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America veterinary hospital market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to veterinary hospital market will help companies and investors design strategic landscapes.
Medicine was the largest segment with a revenue share of 45.49% in 2023. Horizon Databook has segmented the North America veterinary hospital market based on surgery, medicine, consultation covering the revenue growth of each sub-segment from 2018 to 2030.
North America has a large and well-established veterinary industry, with numerous veterinary hospitals and clinics throughout the region. These hospitals vary in size and scope, with some specializing in specific areas of veterinary medicine, such as oncology, dermatology, or dentistry.
The veterinary industry in North America is regulated by various organizations, including the American Veterinary Medical Association (AVMA) in the U.S. and the Canadian Veterinary Medical Association (CVMA) in Canada. These organizations work to establish standards of care for animals and promote the veterinary profession.
Overall, the main drivers that are expected to fuel growth in the North American veterinary hospital market are increasing pet ownership, advances in veterinary medicine, growing demand for specialized services, and an increase in pet insurance coverage that makes it easier for pet owners to afford veterinary care.
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Our clientele includes a mix of veterinary hospital market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America veterinary hospital market , including forecasts for subscribers. This continent databook contains high-level insights into North America veterinary hospital market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America veterinary hospital market size, by country, 2018-2030 (US$M)
North America Veterinary Hospital Market Outlook Share, 2023 & 2030 (US$M)
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