U.S. Veterinary Services Market Size & Outlook, 2023-2030
U.S. veterinary services market, 2018-2030 (US$M)
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U.S. veterinary services market highlights
- The U.S. veterinary services market generated a revenue of USD 42,212.3 million in 2023 and is expected to reach USD 67,163.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% 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 42,212.3 million |
| Market revenue in 2030 | USD 67,163.0 million |
| Growth rate | 6.9% (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, U.S. accounted for 32.8% 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 North America, U.S. veterinary services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 12,207.1 million by 2030.
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Veterinary Services Market Scope
Veterinary Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 58.87% in 2023. Horizon Databook has segmented the U.S. veterinary services market based on companion animals, production animals covering the revenue growth of each sub-segment from 2018 to 2030.
The veterinary services market in the U.S. has experienced significant growth over the past decade. According to American Pet Products Association, the U.S. spent USD 123.6 billion on veterinary care for pets in 2021, up from USD 90.5 billion in 2018. This growth is driven by several factors, including increasing pet ownership, growing demand for high-quality veterinary care, and the expansion of specialized services.
One of the key drivers of veterinary services market is increasing pet ownership. According to American Veterinary Medical Association, approximately 70% of the households (90.5 million homes) in the U.S. own a pet, with dogs and cats being the most popular. As more people own pets, there is growing demand for veterinary services, which is driving the market.
Another factor driving veterinary services is the increasing demand for high-quality veterinary care. Pet owners are increasingly looking for hospitals that offer specialized services, such as oncology, dermatology, and ophthalmology. In response, many veterinary hospitals are expanding their offerings to include these specialized services, which is contributing to industry growth.
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Our clientele includes a mix of veterinary services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. veterinary services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. veterinary services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. veterinary services market size, by animal type, 2018-2030 (US$M)
U.S. Veterinary Services Market Outlook Share, 2023 & 2030 (US$M)
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