Veterinary Healthcare Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Drugs (Antibiotics, Antifungal, Ectoparasiticides, Endoparacitides, Endectoparaciticides, Anti-inflammatory Drugs, Drugs for Chronic Diseases, and Others), Vaccines, and Feed Additives (Nutritional Feed Additives and Medicinal Feed Additives)), By Animal Type (Farm Animals (Livestock, Poultry, Swine, and Equine) Companion Animals (Feline, Canine, and Avian), and Aquaculture), By Route of Administration (Oral, Parenteral, Topical, and Others), By Distribution Channel (Veterinary Pharmacies, Veterinary Hospitals, Veterinary Clinics, and E-Commerce), and Region Forecast 2020-2031

Veterinary Healthcare Market size was valued at US$ 39.23 billion in 2024 and is expected to reach US$ 54.84 billion by 2031, growing at a significant CAGR of 4.9% from 2025-2031. Due to increased adoption of companion animals in emerging and developed countries and rising consumption of meat across the globe. The rising adoption of companion animals in emerging countries and increasing consumption of meat for dietary needs are expected to fuel the market for animal healthcare products over the forecast period. Apart from the aforementioned dynamics, factors like increased instances of disease outbreaks in animals, and large-scale production of animals in the form of factory farming are expected to boost the animal healthcare market. Animals have long been considered a source of food for the human being and it's been shifting towards companionship to humans.

As there is a growing interaction between humans and animals prompting the key stakeholders to give attention to animal healthcare. The rising incidences of zoonotic disease in several developed and developing countries are expected to create demand for animal healthcare products like drugs and vaccines over the forecast period. According to U.S. Centre for disease control and Prevention (CDC) every year tens of thousands of people get sick due to diseases spread from animals to humans and it is believed that more than six out of every 10 known infectious diseases in people are spread from animals, and three out of every four new or emerging infectious diseases in people are spread from animals, which can be prevented by appropriate health care to animals.