Veterinary Hospital Market Size To Reach $92.51 Billion By 2030

Veterinary Hospital Market Growth & Trends

The global veterinary hospital Market size is expected to reach USD 92.51 billion by 2030, registering a CAGR of 7.07% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing pet population is boosting the demand for veterinary clinics and hospitals around the world. Additionally, the COVID-19 pandemic lockdown restrictions led to a rise in the demand for companion animals. For instance, the number of pets in the UK has significantly increased. According to a recent survey conducted by the Pet Food Manufacturers Association, there are currently over 24 million cats and dogs living in the United Kingdom. The market is being driven by the increase in pet ownership, not just in the short term when kittens and puppies need shots, initial checkups, or neutering, but also considerably in the long term as they age into animals needing more veterinarian treatment and care.

The rapidly aging pet population and the availability of advanced pet care options are among the key factors likely to drive expenditure on pets by owners, which is the primary source of revenue growth for veterinary hospitals. Establishment requirements for veterinary hospitals are expected to improve mainly due to the high demand for animal care services for pets & animals food. With the increasing number of pets and pet owners, the focus on animal safety has grown in recent years. Rising concerns and increasing awareness about chronic diseases in companion animals have resulted in high expenditure on pet health. Large spending on animal care is expected to further boost veterinary visits and medication sales in hospitals. Owners are concerned about their pets and consult veterinarians for treatment of several health issues at an early stage. This is further boosting the demand for efficient treatment options, driving the market.

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Veterinary Hospitals Market Report Highlights

• By animal type, 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.

• Based on type, the medicine segment held the highest market share of 44.98% in 2024, owing to its significant distribution in animal pharmacies.

• Based on the 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.

• 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.

Veterinary Hospital Market Segmentation

Grand View Research has segmented the veterinary hospital market on the basis of on animal, type, sector, and region:

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

• Companion Animals

• Farm Animals

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

• Surgery

• Medicine

• Consultation

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

• Public

• Private

Veterinary Hospital"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

List of Key Players in the Veterinary Hospital Market

• The Animal Medical Center

• VCA Animal Hospitals

• VetStrategy

• Royal Veterinary College (RVC)

• École Nationale Vétérinaire d'Alfort (ENVA)

• Tierärztliche Hochschule Hannover (TiHo)

• Beijing Xintiandi International Animal Hospital

• MaxPetZ

• Daktari Animal Hospital

• SASH Vets

• HVM Brasil

• OVAH South Africa

• CVS Group

• Greencross Vets

• National Veterinary Associates, Inc. (NVA)

• Pets at Home Group PLC

• Animal Hospital, Inc.

• All Pets Veterinary Hospital