Veterinary Services in the US

Veterinary Services in the US

Veterinary practices have benefited in recent years as more pet owners and agricultural producers seek out vets regularly to care for their animals. At the same time, medical advances have been emerging in veterinary care, extending care beyond preventive measures into specialized areas like immunotherapy and musculoskeletal conditions. Pet owners' evolving attitudes have also been driving pet spending in recent years, as more owners are willing to spend a premium on food, medicine or treatments that improve or extend their pets. Growing adoption of pet insurance, specifically for dogs, has also underpinned growth, as more owners can afford high-margin medical treatments. This willingness, combined with a record-high pet ownership rate, has strengthened the industry's in supporting pet owners. These trends have led industry-wide revenue to climb at a CAGR of 1.9% over the past five years – totaling an estimated $69.4 billion in 2025 – when revenue will rise an expected 2.4%.

Companies in this industry systematically gather, record, tabulate and present marketing and public opinion data. Examples of industry services include political polling, sampling and statistical services, broadcast media rating services and market analysis services. Operators that conduct experimental or scientific research in fields, such as economics or engineering, are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.