Veterinary Hospital Market Size, Share & Trends Analysis Report By Animal (Companion, Farm), By Type (Surgery, Medicine, Consultation), By Sector (Public, Private), By Region, And Segment Forecasts, 2025 - 2030

Veterinary Hospital Market Size & Trends

The global veterinary hospital market size was valued at USD 61.64 billion in 2024 and is projected to grow at a CAGR of 7.07% from 2025 to 2030. The market is primarily driven by the increasing consolidation of animal hospitals, rising companion animal population coupled with enhanced pet adoption rates, growing awareness about animal healthcare, and rising adoption of pet insurance. For instance, Trupanion, a pet insurance company, in its 2023 Annual Report, reported a rise in pet insurance enrollments to 1.71 million, accounting for more than 26% growth compared to 0.52 million in 2018.

Pet insurance policies can cover the fees, which include diagnosis and treatments for injuries/illnesses. The core coverage most pet insurers provide includes consultation fees, medications, bandages, surgery prices, hospitalization costs, and tests. Diagnostic techniques such as X-rays, CTs, and MRIs are routinely performed and are highly expensive. Therefore, pet insurance enables pet owners to consult veterinarians cost-effectively. Furthermore, some extensive animal insurance policies provide multiple benefits with animal lifetime coverage. As pet insurance adoption reimburses the costs of diagnosing & treating unexpected illnesses, the rate of insurance adoption has increased in the past few years. This factor is expected to improve the convenience of pet owners in consulting for routine primary care for animals.

The growing number of pet owners is subsequently increasing awareness about animal care. In developed countries such as the U.S., numerous pet health awareness programs such as National Pet Week are often organized. Increasing awareness about veterinary healthcare and implementing stringent regulations to prevent animal diseases will likely drive market growth. A growing number of government initiatives to promote services in hospitals & clinics is expected to fuel the market growth over the forecast period.

Government organizations are issuing guidelines to promote animal health, likely contributing to market growth. For example, the OIE International Standards, a part of the World Trade Organization (WTO) framework, issued guidelines to improve animal services and promote international animal health. Such measures can facilitate early detection, control, and reporting of pathogenic agents and prevent their transmission by rejecting products that do not follow established standards. Thus, the penetration of services is anticipated to increase, which is expected to boost the demand for established hospitals.

The growing pet humanization and ownership in various countries have increased pet insurance enrollment rates globally. Pet owners are increasingly adopting insurance facilities to reduce their out-of-pocket expenditure for diagnosis and treatments of different indications. For instance, the treatment of diabetes might require multiple animal visits and insulin injections in a year. As the prevalence of the disease is significant in pets, owners are widely adopting insurance policies for the same. This rise in expenditure has driven the demand for animal hospitals across the globe. This is evident with increasing market activities in recent years to open new and improved hospital facilities to treat animals effectively. For instance, in October 2024, one of the UK’s largest animal hospitals, CVS Group, invested GBP 13.5 million (USD 17.5 million) in launching a hospital in Bristol.

Furthermore, these hospitals have steadily grown in countries such as Canada over the past few decades. According to the Canadian Veterinary Medical Association, veterinary clinical practice has grown from 3,825 in 2020 to 4,830 in 2023, i.e., a more than 8% growth. The growth of veterinary hospitals in Canada is due to the increasing importance that people place on their pets and the expanding role that pets play in Canadian households. As a result, there has been an increase in demand for veterinary services, including preventative care, medical treatment, and surgery. In addition, advances in animal medicine and technology have allowed for more effective and specialized therapies, increasing the demand for animal specialists and specialty clinics. Furthermore, many animal hospitals have expanded their services to include boarding, grooming, and training to provide more comprehensive pet care.

Animal Insights

By animal, the companion animals segment dominated the market with a 63.58% share in 2024 and is also expected to grow at the highest rate over the forecast period. This is due to the increasing pet population, growing awareness, and rising demand for efficient animal care. The segment includes species such as dogs, cats, horses, rabbits, hamsters, and other pets. Rising pet ownership & adoption rates globally have increased the willingness of people to spend more time and money on the health of their beloved companions.

According to September 2024 statistics published by the World Animal Foundation, approximately 5 million cats and dogs are worldwide in 2023. Furthermore, it is also stated that every year, out of the total animals present in shelters, 61% are adopted into families. It is estimated that more than 6 million dogs & cats that entered animal shelters have been adopted into families in 2023. Furthermore, the growing instances of accidents, infectious diseases, and wounds, as well as the rising need for emergency care visits for pets, are some of the high-impact rendering growth drivers for this segment. These factors are expected to broaden the prospects of hospital visits for routine vaccinations, disease diagnosis, medication, or regular health checkups, driving the market growth.

Type Insights

By type, the medicine segment held the highest market share of 44.98% in 2024, owing to its significant distribution in animal pharmacies. Some commonly sold medicines in these hospitals are vaccines, parasiticides, flea or tick control medicines, worm care products, NSAIDs, analgesics, dental care products, and wound care products. Growing demand for animal products, such as meat, eggs, and milk, encourages farmers to adopt necessary vaccinations for their animals to gain a healthy production rate and higher profitability. Moreover, growing awareness about zoonotic diseases and the interconnectedness between animal health & human health has resulted in greater attention to necessary animal medicines in hospitals.

The surgery segment is expected to grow at the fastest CAGR of more than 7.16% over the forecast period. The surgical procedures performed in veterinary hospitals are categorized majorly into two sectors: urgent and elective procedures. Some common elective surgeries for companion animals are spaying & neutering, benign skin growths, and dental extractions. The commonly admitted urgent care surgeries include skin abscesses, internal bleeding, tumor removal, fracture repair, intestinal obstruction, and torn cruciate, among others. Some risk factors, such as obesity, are causing pets to be more vulnerable to orthopedic diseases like cranial cruciate ligament rupture, elbow dysplasia, bone fracture, shoulder Osteochondritis Dissecans (OCD), etc., which often require surgery. In addition, road accidents involving animals are rising in developed and busy countries, further increasing the requirements for surgeries in emergency care hospitals.

Sector Insights

By sector, the private segment held the highest share of the market at 65.89% in 2024 and is also expected to grow with the highest CAGR over the forecast period. In the past few years, improved socio-economic factors and rising disposable income have led individuals to spend more on high-quality animal services offered in the private sector. In addition, the willingness of pet owners to provide premium services for their beloved companions is further supporting segment growth. For instance, Premium Vet Care, Florida, U.S., is a mobile companion animal hospital that offers mobile veterinarians a wide range of services.

The growing number of mobile pet care hospitals can be attributed to rising technological advancements and increasing awareness among people for available premium vet care services. For instance, in August 2024, eight private mobile clinics were launched to increase the penetration of animal care in rural areas of India. These factors are anticipated to increase the number of private animal clinics in developed countries soon. In addition, the shift of the public centers to the private sector is another potent factor for segment growth. For instance, VCA Animal Hospitals was a publicly traded business until its acquisition by Mars, Inc., one of the world’s leading privately held companies.

Regional Insights

North America veterinary hospitals market held the second-largest revenue share of 36.97% in 2024 and is anticipated to maintain this position over the forecast period. North America has a large and well-established veterinary industry, with numerous 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 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 America veterinary hospital market are increasing pet ownership, advances in animal medicine, growing demand for specialized services, and an increase in pet insurance coverage that makes it easier for pet owners to afford animal care.

U.S. Veterinary Hospital Market Trends

U.S. veterinary hospital market is increasing pet ownership. According to the American Veterinary Medical Association, approximately 70% of households in the U.S. own a pet, with dogs and cats being the most popular. As more people own pets, there is a growing demand for these diagnostic & treatment services, which is driving the market. Another factor driving the industry is the increasing demand for high-quality 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, contributing to industry growth.

Europe Veterinary Hospital Market Trends

Hospitals in Europe provide various pet services, including medical care, surgical services, diagnostic testing, and emergency care. These hospitals are staffed by veterinarians and other trained professionals responsible for providing high-quality care to animals. Veterinary hospitals in Europe are a growing and competitive market, with many players offering various services. Some of Europe's leading veterinary hospital chains include VCA, Inc.; CVS Group Plc; and Medivet Group Limited. In addition to these larger hospital chains, many independent veterinary hospitals operate throughout Europe, ranging from small clinics to larger hospitals with specialized services. Overall, the European industry is a dynamic and growing market, driven by increasing pet ownership, rising focus on animal welfare, and demand for high-quality animal care. In addition, adoption of new technologies improves the quality of care. This includes telemedicine, digital imaging, and other advanced diagnostic & treatment technologies.

The UK veterinary hospital market has the largest market share in Europe and is expected to continue this dominance over the forecast period. This growth can be attributed to the rise in the launch of new veterinary hospitals to expand the penetration of animal care across the county. For instance, in September 2024, CVS Group's subsidiary, Ayres Veterinary Hospital, relocated into a larger area in Newcastle Quays, North Shields, UK, with an investment of about GBP 2 million (USD 2.6 million).

The growth of Spain veterinary hospitals market in is driven by several factors, such as advancements in veterinary medicines that allow for more accurate diagnoses and treatments. This has led to an increased demand for specialized animal care services. The Spanish veterinary hospitals also focus on animal welfare, which has led to a greater emphasis on preventative care and specialized treatments for pets. In addition, the urbanization of Spain's population has led to more people living in urban cities. For instance, according to the World Data Bank, there are around 81.0% of the urban population in Spain. This has led to a higher concentration of veterinary hospitals in urban areas to meet the growing demand for pet care services.

Asia Pacific Veterinary Hospital Market Trends

The Asia Pacific veterinary hospital market is expected to experience significant growth in the coming years. This is due to growing awareness of pet health among pet owners expansion into emerging markets as some countries in the region, such as China and India, continue to develop and expand their economies; the veterinary industry is expected to experience significant growth, providing opportunities for expansion and investment. Also, demand for specialized care is increasing, and veterinary hospitals that offer specialized services in areas such as oncology, cardiology, or neurology can differentiate themselves and attract new clients. Overall, the drivers of the veterinary hospital industry in the Asia Pacific region are a combination of increasing demand, technological advancements, and expansion into emerging markets. By capitalizing on these drivers, veterinary hospitals can continue to grow and provide high-quality care to animals in the region.

India has a large and growing veterinary services sector, driven by the largest livestock population in the world, including cows, buffaloes, goats, and sheep. This creates a significant demand for veterinary services to maintain the health and productivity of these animals. The Indian government has implemented many policies to support the growth of the veterinary industry, including establishing universities and providing funding for animal disease control programs. Furthermore, the market is experiencing high growth due to the increasing launch of traditional and mobile veterinary hospitals nationwide. For instance, in October 2024, the Tata Group announced the launch of Tata Trusts Small Animal Hospital in Mumbai, India. The group announced it invested about INR 165 crore (USD 2 million) into this project.

Latin America Veterinary Hospital Market Trends

Latin America is expected to witness lucrative growth over the forecast period. The demand for better animal care solutions and centers in Latin America will increase over the forecast period. This can be attributed to the growing animal population, awareness about various ailments in companion animals at early stages, rising animal services expenditure, and advancing veterinary healthcare infrastructure. In terms of country, Brazil dominated the market in 2024 owing to a notably high pet population and growing visits in hospitals.

Rising mandates for vaccination to curb zoonotic disease outbreaks and increasing demand for livestock veterinary services are primary factors expected to drive the market growth in Brazil. The country's anticipated market growth can be attributed to the large cattle and pet population. For instance, according to the United States Department of Agriculture, the government was projected to grow its cattle herd by 4% in 2021 and 2022.

Middle East & Africa Veterinary Hospital Market Trends

The region of the Middle East is dominated by Islamic & Arabic populations with high cultural restrictions on owning certain animal species, such as dogs and swine. However, the ease of restrictions has been seen in recent years owing to the presence of many foreign residents. As per the Israeli Ministry of Agriculture and Rural Development, more than 900,000 dogs have been registered in the national database as of 2019. The highest dog population was in Tel Aviv, Jaffa, Rishon LeZion, Haifa, Beer Sheva, Jerusalem, and Petah Tikva. Moreover, the larger the pet population in countries like South Africa & Dubai, the higher the risks for chronic diseases and respective veterinary visits for timely treatments.

The South African market is poised to showcase lucrative growth due to increasing efforts by animal hospitals to spread awareness about the importance of prompt animal care. For instance, in October 2024, The Johannesburg Wildlife Veterinary Hospital conducted a community competition as a part of a fundraising event for improving healthcare access to wildlife animals.

Key Veterinary Hospital Company Insights

The market is reasonably competitive and is largely fragmented. Each country has its leading hospitals; therefore, the dynamics of this industry change from country to country. Despite some dominant players in multiple countries, the market is largely fragmented. Market participants undertake strategic initiatives such as research & development, manufacturing and new product launches, distribution network development, and facility expansion. Hospitals are constantly involved in mergers, acquisitions, expansions, and new service launches to gain a higher market share.

Recent Developments

• In September 2024, the Klingenstein Family Foundation provided Rochester Emergency Veterinary Services with a grand of USD 500,000 for the latter’s business expansion plans.

• In July 2024, one of the leading veterinary hospitals in Japan, Daktari Animal Hospital, announced that they had successfully received accreditation from the American Animal Hospital Association (AAHA).

• In July 2024, UK-based Inflexion, a private equity firm, partnered with Tierarzt Plus Partner (TPP), Germany’s biggest veterinary practice, to expand into the veterinary sector.

• In August 2024, a renowned hospital from King Animal Hospital announced the launch of its new 60,000 sq. ft. tertiary care veterinary hospital.

• In February 2024, the People's Dispensary for Sick Animals (PDSA) of Canada announced expansion plans for their new hospital building at Brunswick Avenue, Hull.

• In February 2024, Ishikawa Veterinary Medical Association of Japan launched a campaign to provide free healthcare service through mobile veterinary clinics across the regions of the country that lack the access to basic veterinary care

• In November 2023, the Royal Veterinary College partnered with the Advanced Veterinary Care Foundation from Mumbai, India, intending to promote international collaboration for education, research, and clinical practice in veterinary medicine, nursing, and health.

Veterinary Hospital Market Report Scope

Global Veterinary Hospital Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global veterinary hospital market report based on animal, type, sector, and region.

• Animal Outlook (Revenue, USD Million; 2018 - 2030)

  • Companion Animals

  • Farm Animals

• Type Outlook (Revenue, USD Million; 2018 - 2030)

  • Surgery

  • Medicine

  • Consultation

• Sector Outlook (Revenue, USD Million; 2018 - 2030)

  • Public

  • Private

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

    • Rest of Europe

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait