Veterinary Hospital Market Size & Share 2026-2035

Veterinary Hospital Market Size

The global veterinary hospital market was valued at USD 67.8 billion in 2025. The market is estimated to grow from USD 71.4 billion in 2026 to USD 132.8 billion in 2035, growing at a CAGR of 7.1% from 2026 to 2035, as per the latest report published by Global Market Insights Inc.

The market is experiencing considerable growth driven by increasing animal population globally, high adoption of pet animals for companionship, growing demand for medical veterinary services, and rising expenditure on veterinary care.

Veterinary hospitals are institutions with facilities for day-to-day treatment, immunization, vaccination, artificial insemination, surgical intervention, etc., of livestock, pets, and other small and exotic animals. These facilities are specialized hospitals tailored for animals. Veterinary hospitals are essential for diagnosing and treating complex medical conditions, providing advanced treatments, and ensuring that pets receive the highest level of care during critical situations.

A key growth driver of the veterinary hospital market is an increase in the animal population globally. There has been a noticeable increase in the adoption of pets globally, which has significantly increased the demand for various animal healthcare solutions. As per the 2024 Global Pet Parent Study, the global pet population is around 1 billion. Similarly, the worldwide population of livestock is also rising to meet the increasing demand for meat, milk, and eggs. For example, the global live cattle population was approximately 1.57 billion heads in 2023. Further, the global poultry population reached 27.22 billion, and pigs’ population was estimated to be approximately 778 million.  Such a high volume of animals increases the demand for various animal healthcare services, including veterinary hospital services, thereby boosting market growth.

The availability of advanced medical facilities for pets, cutting-edge medical devices, drugs, and pet insurance is further set to positively impact industry growth. Several technological advancements in the field of veterinary medicine are set to positively influence the animal health industry. Recent developments, such as enhanced imaging modalities for animals, telemedicine platforms, and point-of-care diagnostics, along with ongoing research and development activities in the veterinary field, are set to bring rapid expansion in the market.

The veterinary hospital market grew steadily between 2022 and 2024, driven by rising pet ownership and increased spending on animal healthcare. More pet owners sought advanced treatments, diagnostics, and preventive care, leading to higher visits to veterinary hospitals. In addition, the expansion of multi-location hospital chains and improved access to veterinary services supported market growth.

Collectively, the market recorded consistent mid-single-digit growth during this period, with strong demand from both companion animals and livestock segments. Key players such as Mars Incorporated, IVC Evidensia, CVS Group, National Veterinary Associates (NVA), and PetVet Care Centers, among others play a crucial role in shaping the market through network expansion, service standardization, and investments in advanced veterinary care.

Veterinary Hospital Market Trends

• Rising adoption of companion and livestock animals has led to the growth of veterinary hospitals and clinics. An increasing number of veterinary hospitals and surging demand for high-quality treatments, including surgery, have increased the demand for veterinary surgical instruments, thereby supplementing market growth.
• Moreover, an increasing number of veterinarians in developed nations, owing to the rising opportunities in the animal healthcare system, will boost business growth.
• For instance, according to the American Veterinary Medical Association (AVMA), in 2022, about 1,24,069 veterinarians were practicing in the U.S., and this number has increased by 24,349 since 2013. Thus, with the increasing number of healthcare professionals, the demand for veterinary surgical instruments is also expected to increase, creating lucrative opportunities for the market players in the veterinary surgical instruments market.
• Moreover, increasing job opportunities for veterinarians in developed nations will accelerate market growth. For instance, according to the AVMA, between 2020 and 2021, the percentage of new graduates hired by corporate practices increased from 35% to 39%, securing full-time employment in clinical practice. Thus, increasing veterinary practitioners in developed nations will boost market growth.
• Additionally, increasing adoption of pet insurance is anticipated to drive the veterinary surgical instruments market growth.
• Pet insurance makes pet owners more responsible towards their pets' health, thus spurring market growth. Further, high costs associated with veterinary treatments, including veterinary surgeries, have augmented the demand for health insurance for animals.
• For instance, according to the Lemonade, individual surgery costs vary depending on the specific procedure needs and the pet owner is expected to pay anywhere between USD 500 to USD 7,000. Adoption of pet health insurance allows pet owners to spend on their pets, thereby supplementing the market growth. The presence of insurance increases the number of visits to the veterinarian and admitting procedures.
• Further, the availability of pet health insurance at affordable prices will boost its demand. For instance, according to the North American Pet Health Insurance Association, (NAPHIA), the average accident and illness premium for dogs was USD 583 annually or USD 49 a month. The average accident and illness premium for cats was USD 343 a year or USD 29 a month. This allows pet owners to follow veterinarian recommendations more, thereby fostering market growth.
• Moreover, the increasing need for surgical procedures to save the lives of animals triggers the advancement in veterinary surgical instruments. This drives investments in animal health care systems for the development of veterinary products, including surgical instruments to perform various procedures, thereby fostering market growth.
• For instance, according to the Health for Animals, in 2021, consumers spent USD 123.6 billion on pets and pet-related products in U.S.
• Similarly, in Australia, USD 20.8 billion was spent on dogs and cats in 2021. Further, in UK, the annual expenditure on veterinary and other pet services rose from USD 3.1 billion in 2015 to USD 4.8 billion in 2020, a 54% increase in five years. Thus, increasing expenditure on the animal healthcare sector will accelerate market growth.

Veterinary Hospital Market Analysis

Based on the animal type, the veterinary hospital market is segmented into companion animals, farm animals, and exotic animals and wildlife. The companion animal segment includes dogs, cats, horses, and other companion animals. The companion animals segment dominated the market in 2025 with a revenue of USD 43.7 billion.

• High growth can be attributed to the rising number of households adopting companion animals as beloved members of the family.
• More than half of the global population is estimated to have a pet at home. Globally, dogs are the most popular pet, present in around one in three homes. Almost a quarter of pet owners have a cat. Thus, the sheer number of companion animals, along with increased spending, is expected to propel the segmental growth.
• Also, pet owners are now more inclined than ever to invest in comprehensive medical care, preventive treatments, and wellness programs for their furry counterparts, leading to a surge in revenue within the veterinary hospitals market.
• Further, there has been a significant increase in the incidence of various diseases among companion animals.
• According to data published in the National Institute of Health (NIH), cancer is the leading cause of death in 47% of dogs, especially dogs over age ten, and 32% of cats. Further, it is estimated that nearly 30-50% of dogs and cats will be affected by osteoarthritis during their lifetime. This rising burden of chronic diseases in pets translates to greater demand for veterinary care and pet services.
• Furthermore, as per the results of the APPA 2017-2018 National Pet Owners Survey, nearly 8% of cats and 10% of dogs underwent surgical procedures. Thus, the rising number of pets undergoing surgical procedures will spur the growth of the market.

Based on the services, the market is segmented into general veterinary services, diagnostic services, surgical services, and other services. The general veterinary services segment held highest market share of 45.7% in 2025 dominating the veterinary hospital market.

• High demand for general veterinary services can be attributed to increasing pet ownership, heightened awareness of animal health and welfare, and advancements in veterinary medical practices.
• Also, the rising prevalence of veterinary diseases further increases the demand. This has prompted veterinary hospitals to diversify and enhance their general veterinary offerings, encompassing preventive care, routine check-ups, and vaccinations.
• Moreover, the integration of technology into veterinary practices has streamlined processes, enabled efficient medical diagnostics, and facilitated remote consultations, thereby further boosting the market growth.

Based on ownership, the veterinary hospital market is segmented into private and public. The private segment was valued at USD 41.7 billion in 2025 and is anticipated to witness high growth at a CAGR of 7.6% between 2026 - 2035.

• In the past few years, the improvement in socio-economic factors and rising disposable income have led individuals to spend more on high-quality veterinary services offered in the private sector.
• In addition, the willingness of pet owners to provide premium services for their pets is further supporting segment growth.
• The growing number of mobile pet care hospitals further enhances market growth. For instance, Premium Vet Care, Florida, U.S., is a mobile companion animal hospital that offers a wide range of services with the help of mobile veterinarians. All these factors together contribute to high market growth.

North America Veterinary Hospital Market

North America dominated the global market with a market share of 39.7% in 2025.

• North America dominates the market, driven by high pet ownership rates, strong spending on companion animal healthcare, and a well-established veterinary infrastructure.
• The region benefits from widespread availability of advanced diagnostics, specialty care, and pet insurance, which supports higher treatment adoption.
• In addition, the presence of major players such as Mars Incorporated and National Veterinary Associates (NVA) has accelerated consolidation and expansion of multi-location hospital networks, further strengthening market growth.

The U.S. veterinary hospital market was valued at USD 21.4 billion and USD 22.2 billion in 2022 and 2023, respectively. The market size reached USD 24.5 billion in 2025, growing from USD 23.3 billion in 2024.

• High regional growth is fueled by factors such as heightened awareness of animal healthcare, increasing pet ownership in the region, and advancements in medical technology.
• High rates of pet ownerships in the region, coupled with availability of advanced veterinary services, drives the market growth.
• According to the 2021–2022 National Pet Owners Survey by the American Pet Products Association (APPA), 70% of the U.S. households owned at least one type of pet. Additionally, almost 69 million of the U.S. households have at least one dog, and 45.3 million have at least one cat, about 9.9 million have birds, and 3.5 million have horses.
• Further, the country also boasts a high population of livestock animals. For instance, there were 87.2 million head of cattle and calves on the U.S. farms as of January 2024.
• Such high volume of companion and livestock animals in the country increases the demand for various animal healthcare services, thus boosting the growth of the U.S. market.

Europe Veterinary Hospital Market

Europe market was valued at USD 18.5 billion in 2025 and is anticipated to witness significant growth over the analysis period.

• Rising animal adoption in European region coupled with increasing initiatives by various governments to improve animal healthcare is anticipated to spur market growth.
• Moreover, advancements in veterinary services with frequent introduction of superior veterinary diagnostic products for accurate diagnosis will boost the adoption of veterinary services in the Europe region, thereby driving the market growth.

UK veterinary hospital market is anticipated to grow at a significant CAGR during the forecast period.

• UK has reported outbreaks of various diseases, such as bird flu and West Nile virus. For example, UK has experienced a large outbreak of bird flu. The outbreak led to the death of 3.8 million birds in the UK, with significant consequences for agriculture and livestock industry. Such disease outbreaks increase the adoption of veterinary services for preventive measures, thereby boosting the market.
• Further, UK is home to a large pet population. Studies estimate that early 62% of UK households own at least one pet.
• Accessibility to modern care facilities for pets, advanced diagnostic modalities, and high adoption of pet insurance will propel the industry’s growth positively.

Asia Pacific Veterinary Hospital Market

India market is expected to witness growth at a considerable rate in the Asia Pacific market.

• India has a large pet population with over 31 million pet dogs and 2.44 million pet cats. The increasing pet ownership and rising disposable income in the country coupled with high expenditure on pet healthcare will offer lucrative market growth opportunity in the country.
• In addition, rapidly expanding veterinary infrastructure in the country such as veterinary hospitals and services will further enhance the market growth.
• Furthermore, several government initiatives to support animal health and wellness also stimulate market growth. For instance, the National Animal Disease Control Program is a flagship scheme launched in 2019 that aims to control foot & mouth disease and brucellosis by vaccinating the animals. Such initiatives aid in high adoption of veterinary services, thus fostering market growth.

Latin America Veterinary Hospital Market

Brazil is anticipated to witness significant growth in the Latin America market.

• Brazil dominates the Latin America market. The country has the third-largest pet population in the world with 160 million pets, of which 60 million are dogs, 30 million cats, and 32 million pet-owning households.
• The country is also home to a large livestock population, with Brazil being the third-largest cattle producer and second-largest beef exporter in the world.
• Such high animal volume coupled with strong growth in veterinary expenditure is anticipated to foster market growth.

Middle East and Africa Veterinary Hospital Market

South Africa market is poised to witness high growth in the Middle East and Africa market during the forecast period.

• The increasing pet ownership in the country, rising disposable income coupled with a rapidly expanding veterinary infrastructure will offer lucrative market growth opportunity in the country.
• Government support for animal health and a growing focus on livestock care further drive demand for veterinary services across the country.

Veterinary Hospital Market Share

The competitive landscape of the market is increasingly dynamic, marked by the consolidation of veterinary practices and the growing presence of corporate veterinary groups. Large corporations acquire independent hospitals to build expansive networks that benefit from economies of scale, standardized care protocols, and advanced diagnostic technologies. Top 5 market players such as Mars, National Veterinary Associates (NVA), CVS Group, National Veterinary Associates (NVA), and PetVet Care Centers dominate the global market with a market share of ~35% - 40%. Key players are differentiating themselves through specialized services such as oncology, cardiology, and telemedicine, as well as through enhanced customer experience and digital health solutions.

The market also includes a mix of regional and local veterinary clinics that compete by offering personalized, community-based care. Technological innovation, quality of service, and strategic geographic expansion are critical factors driving competition in this evolving market.

Veterinary Hospital Market Companies

Major players operating in the veterinary hospital industry are:

• All Pets Veterinary Hospital
• AniCura
• Beijing Xintiandi International Animal Hospital
• Belltowne Veterinary Center
• CVS Group
• Fishers Veterinary Hospital
• Greencross Vets
• Innovative Petcare
• IVC Evidensia
• MaxPetZ
• Mars Incorporated
• Medivet
• National Veterinary Associates (NVA)
• PetVet Care Centers
• SASH Vets
• The Animal Medical Center
• VetPartners

• Mars Incorporated

Mars Inc., through its Mars Petcare division, is a major player in the market, operating a wide network of veterinary practices globally, including Banfield Pet Hospital, VCA Animal Hospitals, and BluePearl. The company leverages its integrated approach combining pet nutrition, veterinary care, diagnostics, and technology. The company continues to invest heavily in veterinary innovation and pet health services.

• National Veterinary Associates (NVA)

National Veterinary Associates (NVA) is a leading player in the veterinary hospital market, operating one of the largest networks of veterinary hospitals worldwide. The company offers a wide range of medical, surgical, and preventive care services for companion animals.

Veterinary Hospital Industry News

• In August 2024, King Animal Hospital, a renowned veterinary institution, officially launched its new 60,000 square-foot tertiary care veterinary hospital in King City, Ontario.
• In July 2024, Daktari Animal Hospital, one of Japan's leading veterinary hospitals, announced that it had successfully maintained its accreditation from the American Animal Hospital Association (AAHA). This accreditation signifies that the hospital meets rigorous standards of veterinary care, including medical care, patient management, and organizational operations, evaluated through more than 900 criteria across 20 categories.
• In February 2024, the People's Dispensary for Sick Animals (PDSA) of Canada announced expansion plans for their new hospital building located at Brunswick Avenue, Hull. The plan involves constructing a larger, modern animal hospital next to the existing facility to enhance veterinary services for pet owners on low incomes in the Hull area.
• In May 2023, CVS acquired Top Vets Ltd., which trades as Riverside Veterinary Practice, also known as Riverside Vets. This helped the company to expand its local business.
• In March 2021, CVS Group acquired Market Hall Vets, a first opinion practice operating three sites across Carmarthenshire in southwest Wales. This helped the company to expand its business.

The veterinary hospital market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2022 - 2035 for the following segments:

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Market, By Animal Type

• Companion animals
  • Dogs
  • Cats
  • Horses
  • Other companion animals
• Farm animals
  • Cattle
  • Swine
  • Poultry
  • Other farm animals
• Exotic animals and wildlife

Market, By Services

• General veterinary services
• Diagnostic services
• Surgical services
• Other services

Market, By Ownership

• Private
• Public

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE