Global Veterinary Hospital Market

Veterinary Hospital Market Summary

The Global Veterinary Hospital Market Size Was Estimated at USD 59.14 Billion in 2024 and is Projected to Reach USD 136.64 Billion by 2035, Growing at a CAGR of 7.91% from 2025 to 2035. The market for veterinary hospitals is expanding as a result of rising pet ownership, growing awareness of animal health, improvements in veterinary technology, and an increase in the need for specialized care.  Government programs promoting animal care and growing livestock businesses also fuel market expansion.

Key Regional and Segment-Wise Insights

• In 2024, North America held the largest revenue share of over 35.47% and dominated the market globally.
• In 2024, the medicine segment had the highest market share and led the market by type, accounting for 45.4%.
• In 2024, the private segment had the biggest market share and led the market by sector, accounting for 59.3%.

Global Market Forecast and Revenue Outlook

• 2024 Market Size: USD 59.14 Billion
• 2035 Projected Market Size: USD 136.64 Billion
• CAGR (2025-2035): 7.91%
• North America: Largest market in 2024

The veterinary hospital market consists of facilities that provide medical and surgical services together with preventative treatment to pets and livestock, and wildlife. The market shows robust growth because of worldwide rising pet ownership, combined with expanded animal health awareness and rising veterinarian needs within the livestock industry. The rising need for advanced veterinary treatment mainly stems from humanizing pets and urbanization, together with rising disposable income. Market expansion occurs because of government regulations supporting animal health protection and the growing number of zoonotic infections, which lead to increased veterinary facility visits.

Veterinary hospital treatment quality experiences significant improvement primarily through technological progress. Modern diagnostic and therapeutic outcomes benefit from advanced imaging techniques, including MRI and CT scans, as well as robotic surgical procedures, telemedicine services, and electronic health records. The development of biotechnology, together with pharmacology, enables improved treatment alternatives for animal patients.  Governments throughout the world actively support the veterinary industry by implementing programs that increase public understanding of animal health, providing funding for veterinary research, and enforcing strict disease control measures. The veterinary hospital market experiences global growth and modernization because of these programs, combined with increased investment in veterinary infrastructure.

Type Insights

What Factors Enabled the Medicine Segment to Dominate the Veterinary Hospital Market by Holding the Largest Revenue Share of 45.4% in 2024?

The medicine segment dominated the veterinary hospital market by holding the largest revenue share of 45.4% in 2024. The increasing requirement for pharmaceutical solutions to handle various animal medical conditions, such as infections, chronic diseases, and preventive care, is what makes this segment vital. Veterinary medications serve as essential tools to enhance animal health while accelerating recovery time and preventing disease outbreaks in both companion animals and livestock. The segment experiences growth because of medical advancements in veterinary drugs and increasing knowledge about prompt medical attention among pet owners.  The medicine segment holds the largest share in veterinary hospital markets because of its wide range of specialty drugs for different animal types and the growing number of veterinary prescriptions.

During the forecast period, the veterinary hospital market's surgery segment is expected to grow at the fastest CAGR.  Surgical method advancements, together with improved tools, enable veterinarians to perform complex and less invasive procedures on animals and pets. The rise in specialized veterinary treatment requirements, together with pet owners' increasing interest in advanced medical options, drives this market growth. Early disease detection through improved diagnostics has led to increased popularity of orthopedic and soft tissue surgeries, together with emergency procedures. The humanization of pets has led to a growing demand from owners to pursue superior surgical care for their animals. The veterinary hospital industry experiences rapid growth in its surgical division because of increasing veterinary facilities alongside skilled surgical professionals.

Sector Insights

How Did the Private Segment Maintain Its Leadership in the Veterinary Hospital Industry with a 59.3% Revenue Share in 2024?

The private segment held the largest revenue share of 59.3% and led the veterinary hospital industry throughout 2024. The leadership position of private veterinarian clinics stems from their increasing number of specialized facilities, which deliver advanced care to pets and livestock. People who want excellent medical services for their animals choose private hospitals because these facilities maintain state-of-the-art diagnostic tools along with surgical capabilities and personalized treatment plans.  Rising disposable incomes and growing pet ownership rates serve as drivers for the expansion of private veterinarian services. Patients receive better care from private hospitals because these facilities deliver emergency services along with wellness programs and adaptable scheduling options.  The veterinary hospital market will maintain its leading position through the private sector as long as there is increasing demand for qualified veterinary services with easy access.

During the forecast period, the public segment of the veterinary hospitals market is anticipated to grow at the fastest CAGR. Increased government funding, together with animal health improvement projects specifically targeting livestock and wildlife sectors, led this market segment to grow. Public veterinary hospitals deliver essential services, including immunization programs and disease management, and emergency care to rural areas as well as underserved communities. The rising concerns about food safety and zoonotic illnesses have prompted governments to enhance their veterinary services, together with their infrastructure. The quality and accessibility of these hospitals improve through the combined support of public veterinary education and research initiatives. The public sector will experience rapid growth because governments worldwide are elevating public health along with animal welfare, which supports both community health and sustainable agricultural practices.

Regional Insights

North America held the largest revenue share of 35.47% in 2024 and dominated the worldwide veterinary hospital market. The leading factors behind this market dominance include substantial pet ownership numbers, along with growing animal health awareness and demand for modern veterinary services. The region's benefits stem from its sophisticated medical technology combined with numerous private veterinary facilities that offer specialized services and its well-developed veterinary network. Pet humanization trends combined with increasing disposable incomes drive owners to pay more for both emergency and preventive veterinary services.  The increasing frequency of chronic diseases in pets and cattle requires full-spectrum medical attention, which raises the overall need. The global veterinary hospital market ranks North America first because of both supportive government animal health regulations and ongoing research in animal health.

Europe Veterinary Hospital Market Trends

The European veterinary hospital market is growing significantly because of increasing pet ownership, together with rising awareness about animal health and welfare. The region benefits from its strong healthcare network alongside its focus on specialized and preventive veterinary care services. The rising need for better diagnostic, surgical, and wellness services drives market expansion.  The implementation of strict government rules regarding food safety and animal health promotes regular veterinary checkups. The humanization of pets alongside rising disposable incomes drives increased demand for premium veterinary services. The market development is influenced by technical progress, which includes telemedicine and enhanced treatment methods. The veterinary hospital industry in Europe shows strong potential for future growth because of supportive laws and increased investment in veterinary research activities.

Asia Pacific Veterinary Hospital Market Trends

The Asia Pacific veterinary hospital market experienced substantial growth because pet ownership grows, while disposable income rises, and animal health awareness spreads throughout the region. The rising animal production industry in China, alongside India and Southeast Asia, leads to an increased need for advanced veterinary medical services. The region experiences increasing investment in modern veterinary medical facilities that include diagnostic and surgical centers. The market growth receives support from government initiatives that focus on controlling zoonotic illnesses and promoting animal welfare standards. The trend of pet humanization has increased veterinary visits, while technology such as telemedicine and mobile veterinary services improves accessibility.

Key Veterinary Hospital Companies:

The following are the leading companies in the veterinary hospital market. These companies collectively hold the largest market share and dictate industry trends.

• The Animal Medical Center
• Animal Hospital, Inc.
• HVM Brasil
• VCA Animal Hospitals
• Royal Veterinary College (RVC)
• CVS Group
• Tierärztliche Hochschule Hannover (TiHo)
• Pets at Home Group PLC
• MaxPetZ
• Beijing Xintiandi International Animal Hospital
• VetStrategy
• OVAH South Africa
• All Pets Veterinary Hospital
• Others

Recent Developments

• In August 2025, Inspire Veterinary Partners, which hopes to increase its network to 15 hospitals and generate USD 2 million in sales, signed an exclusive, non-binding letter of intent to purchase an animal hospital in New Jersey.
• In July 2025, in Thiruvananthapuram, India, the animal husbandry department established a mobile veterinary surgery unit. It had three surgeries registered at the Attingal Government Veterinary Hospital and was manned by two surgeons and attendants.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Decision Advisors has segmented the veterinary hospital market based on the below-mentioned segments:  

Global Veterinary Hospital Market, By Type

• Surgery
• Medicine
• Consultation

Global Veterinary Hospital Market, By Sector

• Public
• Private

Global Veterinary Hospital Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa