Veterinary Services Market to Reach 247.32 Billion Dollars by 2035

Industry
โดย GlobeNewswire·Read original
Summary · why it matters

The global veterinary services market is projected to grow from 119.22 billion dollars in 2025 to 247.32 billion dollars by 2035, at a compound annual growth rate of 7.57 percent, according to a report by SNS Insider. North America held a 38.7 percent share of the market in 2025, with the United States alone valued at 52.80 billion dollars and expected to reach 104.84 billion dollars by 2035. Europe was valued at 33.74 billion dollars in 2025 and is forecast to reach 67.58 billion dollars by 2035, while Asia Pacific is expected to be the fastest-growing region with a CAGR of around 9.8 percent. The medical services segment accounted for 72 percent of revenue in 2025, and hospitals and clinics held a 48.6 percent share of the delivery channel segment. Key players include Zoetis, Mars Petcare, Boehringer Ingelheim Animal Health, and IDEXX Laboratories, with recent developments such as Zoetis opening a reference laboratory in Louisville and Mars Petcare acquiring stakes in Cerba Vet and ANTAGENE.

Impact on stocks 2

Health Care▲ · 1 stocks
Zoetis Inc
ZTS
▲ PositiveDemandrelevance

Market growth and Zoetis's new reference lab expansion signal increased demand for its animal health products.

Biotech & Genomic Medicine▲ · 1 stocks
IDEXX Laboratories Inc
IDXX
▲ PositiveDemandrelevance

Market growth forecast increases demand for IDEXX's veterinary diagnostic products and services.

Off-coverage companies 2

Mars IncorporatedPrivate▲ Positive
Demandrelevance

Market growth and Mars Petcare's acquisitions in diagnostics indicate expanding demand for its veterinary services.

Boehringer Ingelheim International GmbHPrivate± Mixed
relevance

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