UK Veterinary Services Market Size & Outlook, 2023-2030
UK veterinary services market, 2018-2030 (US$M)
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UK veterinary services market highlights
- The UK veterinary services market generated a revenue of USD 10,322.8 million in 2023 and is expected to reach USD 15,809.2 million by 2030.
- The UK market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, production animals was the largest revenue generating animal type in 2023.
- Companion Animals is the most lucrative animal type segment registering the fastest growth during the forecast period.
Veterinary services market data book summary
| Market revenue in 2023 | USD 10,322.8 million |
| Market revenue in 2030 | USD 15,809.2 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Production animals |
| Fastest growing segment | Companion Animals |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Companion Animals, Production Animals |
| Key market players worldwide | CVS Group PLC, National Veterinary Associates, Pets at Home Group PLC, Greencross Vets, Fetch Pet Care, IVC Evidensia, PetSmart, Airpets International |
Other key industry trends
- In terms of revenue, UK accounted for 8.0% of the global veterinary services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK veterinary services market is projected to lead the regional market in terms of revenue in 2030.
- Norway is the fastest growing regional market in Europe and is projected to reach USD 1,486.1 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK veterinary services 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 services market will help companies and investors design strategic landscapes.
Production animals was the largest segment with a revenue share of 58.78% in 2023. Horizon Databook has segmented the UK veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary industry in the UK is expected to continue growing in the coming years due to factors such as an increase in pet ownership, advances in veterinary technology, and an aging pet population. In addition, pet owners are more willing to spend money on their pet’s healthcare, which has led to increased revenue for veterinary services.
According to the UK Pet Population report by the Pet Food Manufacturers Association (PFMA), there were approximately 13 million pet dogs and 12 million cats in the UK in 2022. It was also estimated in 2022 that 62% of households (17.4 million) will have pets. Hence, this high number of pets has resulted in an increase in the number of veterinary hospitals and clinics.
There are currently over 4,000 veterinary practices in the UK, with the majority of them being small, privately owned practices. As a result, the demand for veterinary services in the UK has grown significantly in the past decades.
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Our clientele includes a mix of veterinary services 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into UK veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK veterinary services market size, by animal type, 2018-2030 (US$M)
UK Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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