The Veterinary Services industry has performed well over the past few years. A surge in pet ownership in response to the COVID-19 pandemic, growing awareness of animal health and the increasing availability of advanced surgical and diagnostic procedures for animals have benefited veterinarians. Pet owners are becoming increasingly willing to spend more on pets and vet procedures to prolong their lives. This trend is also partly in response to a rising number of high-income earners across the economy. Revenue surged over the two years through 2021-22, as more households purchased companion animals in response to COVID-19 lockdowns. In recent years, this strong demand growth for veterinary services has slowed as cost-of-living pressures and slumps in discretionary incomes have prompted pet owners to delay some services. Many veterinarians are providing more complex services to pet owners, increasing their revenue per visit. Yet, veterinarian practices have grappled with staffing shortages, meaning that, in many cases, demand is outstripping supply, hampering revenue growth. Overall, revenue for veterinary services providers is expected to have climbed at an annualised 4.0% over the five years through 2024-25, to $5.7 billion. This trend includes an anticipated rise of 1.0% in 2024-25 as pet numbers grow and more households require veterinary procedures for their pets. With solid revenue growth and strong demand, profitability is also climbing. Developments in the veterinary sector, including new medical treatments for pets, benefit vets. Deregulation is also fuelling brand name expansions, which VetPartners’ and Apiam's rapid growth, along with heightening industry concentration, are demonstrating. As industry ownership was previously limited to veterinarians, deregulation is allowing participants to raise equity from a broader market to fund expansion activities. Strengthening discretionary incomes and higher veterinary practitioner numbers are set to fuel a positive performance in the coming years. Vets will promote a greater range of value-added services and hike prices to bolster revenue growth. Veterinary services’ revenue is forecast to expand at an annualised 2.8% over the five years through 2029-30, to reach $6.6 billion.

The Australia Veterinary Healthcare Market Report is Segmented by Product (Therapeutics, Diagnostics, Veterinary Services), Animal Type (Companion Animals, Livestock Animals), Route of Administration (Parenteral, Oral), End User (Veterinary Hospitals, Veterinary Clinics, Retail Pharmacies, E-Commerce, On-Farm Delivery), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Number of Businesses statistics on the Veterinary Services industry in Australia

The Australian veterinary medicine vaccines market reduced slightly to $289M in 2024, falling by -3.1% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2024: its value increased at an average annual rate of +6.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.5% against 2021 indices.

Analysis of Australia's veterinary medicine vaccines market, including consumption, production, imports, exports, and forecasts through 2035 with CAGR projections for volume and value.

The Australia Pet Food Market Report is Segmented by Pet Food Product (Food, Pet Nutraceuticals/Supplements, Pet Treats, and Pet Veterinary Diets), by Pets (Cats, Dogs, and Other Pets), and by Distribution Channel (Convenience Stores, Online Channel, Specialty Stores, Supermarkets/Hypermarkets, and Other Channels). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons)

In a survey conducted among Australians about pet ownership in 2022, 30 percent of existing pet owners said they were considering adding another pet to their household. By comparison, just five percent of those who didn't have a pet said they were interested in having one.

Veterinary pharmaceutical manufacturers have endured their fair share of challenging trading conditions. Demand from downstream beef, cattle and sheep farming has been volatile thanks to seasonal weather patterns that battered farmers with either prolonged drought conditions or flooding. Stringent regulatory controls, higher compliance costs and growing consolidation pressures have compounded this issue, prompting several major global pharmaceutical companies to divest their veterinary pharmaceutical operations. Yet it hasn't all been bad news for manufacturers, with a surge in pet ownership amid COVID-19 lockdowns fuelling demand for products for companion animals. Shifting trends towards pet humanisation, where companion animals are treated as part of the family, and consumers’ willingness to spend more on pet health and wellbeing have supported sales. The pandemic also drove a heightened focus on protecting both human and animal populations, spurring the development of innovative vaccines and greater use of preventative care products to reduce pathogen contamination risks. All-in-all, revenue is anticipated to have grown at an annualised 2.0% over the past five years and is expected to total $1.3 billion in 2024-25, when it will grow by an estimated 3.9%. Going forwards, industry revenue is forecast to rise at an annualised 2.9% over the five years through 2029-30 to total $1.5 billion. The rising prevalence of animal and zoonotic diseases will drive the development of new animal health vaccines and products, as will new technologies like biologics. Ongoing product innovations and advanced technology that help livestock farmers monitor animal health issues will become a potential growth area for manufacturers. In light of the recent boom in pet ownership during the pandemic, rising household discretionary incomes, higher veterinarian numbers and a desire for quality pet care are set to fuel higher spending on veterinary pharmaceuticals. However, ongoing regulatory compliance will limit profitability.

Discover insights on the veterinary medicine market in Australia, including projections for market volume and value over the next decade. Anticipate a steady increase in demand and market performance, with a forecasted CAGR of +0.4% in volume and +0.5% in value from 2024 to 2035.

The Australia veterinary healthcare market was valued at USD 1.84 Billion in 2024 and is expected to grow at a CAGR of 6.20%, reaching USD 3.36 Billion by 2034. The market growth is driven by advanced veterinary infrastructure, rising pet ownership, and growing awareness of animal well-being. Increasing adoption of preventive care, pet insurance, and digital health solutions is expected to boost growth. Expanding R&D in animal biologics and the demand for livestock disease management further enhance market prospects during the forecast period.

Key Market Trends and Insights

• By product, the therapeutics segment is expected to lead the market during the forecast period, accounting for nearly 50% of the revenue.
• Diagnostics is expected to witness significant growth in the forecast period.
• Based on animal type, the dogs and cats’ segment will likely lead the market during the forecast period.

Market Size and Forecast

• Market Size (2024): USD 1.84 Billion
• Projected Market Size (2034): USD 3.36 Billion
• CAGR (2025-2034): 6.20%

When compared to the other major Australian livestock businesses, the meat chicken industry, or broiler industry, has a comparatively short history. In Australia, there are presently around 800 commercial meat chicken growers. Gradually rising poultry and livestock business leads to growing demand for feed additives in the country.

Animal Health Australia (AHA) collaborates with its members to keep Australia free of exotic animal illness, promote animal health and market access, and strengthen the country's animal health system's resilience and integrity.



Surveillance is critical to achieving these objectives because it allows for early identification of disease outbreaks and the release of credible national reports on livestock and their products' health. Policy development, decision-making, and trade are all aided by credible reporting. Acceptance of illness absence evidence is being replaced by a demand for proof of disease absence.



In Australia, officials from the federal government, state and territory governments, and municipal governments work together to provide veterinary services. These three levels of government work together to serve Australia's values and interests.



The Office of the Chief Veterinary Officer (OCVO) and the Animal Health Policy section of the Department of Agriculture and Water Resources are in charge of establishing policy and giving scientific advice on animal health issues, including veterinary elements of zoonotic disease control (diseases that may be transferred from animals to people), counterterrorism (where biological weapons could be employed for terrorist operations), and veterinary public health monitoring and surveillance.



On May 30, 2020, Australian Centre for Disease Preparedness verified the dogs were afflicted with Ehrlichia canis (E. canis), a bacteria spread by ticks that causes canine ehrlichiosis, a nationally notifiable condition.



A novel technology for testing ticks led to the discovery of E. canis in ticks in northern South Africa, before any dogs in the state had shown signs of the disease.



The Australian and state/territory governments, along with maritime industry and marine scientists, are implementing Australia's National System for the Prevention and Management of Marine Pest Incursions to preserve our marine environment and industries (the National System).

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Australia Pet Food Market size was valued at USD 2.75 Billion in 2024 and is projected to reach USD 4.10 Billion by 2031, growing at a CAGR of 5.2% from 2024 to 2031.Australia Pet Food Market DriversIncrease in Pet Ownership: Australia’s pet ownership has increased by 15% from 2019 to 2023. According to the Australian Bureau of Statistics, around 61% of households will own pets by 2023, increasing demand for high-quality pet food across the country.Shift toward Premium Pet Foods: Australian pet owners prefer expensive, health-focused meals. In August 2023, Euromonitor reported that premium pet food sales in Australia increased by 9% year on year, with a focus on organic, grain-free, and protein-rich alternatives.Government Support for the Pet Care Industry: The Australian government has backed the pet care industry with programs such as the “National Pet Strategy,” which was released in May 2023. This effort intends to boost the pet care and related businesses, including pet food, by creating a favorable environment for market growth.Expanding Online Retail Channels: The rise of e-commerce has had a huge impact on pet food sales in Australia. In February 2024, Petbarn, one of Australia’s biggest pet stores, announced a 25% growth in online pet food sales, showing the growing consumer preference for easy online purchasing platforms.

Owning a pet in Australia is relatively common. In a survey conducted in 2016 about pet ownership in the country, the age bracket with the highest rate of pet ownership was ** to 24-year-olds, with around ** percent of survey respondents in that age range claiming to have a pet in their household. Pet ownership tended to decline for respondents from older age brackets; in fact, less than ** percent of people 65 years and older owned a pet. Pets included dogs, cats, fish, birds, reptiles and small mammals.

What is the pet situation?

In 2015, the most common pet owned by Australians were dogs; almost ** percent of pet owners had at least one in their household. Dogs in Australia are not only companion animals but can also take on pet therapy, assistance and working roles. Although Australia has one of the highest pet ownership rates in the world, the leading reason for not owning a pet or getting another pet was that respondents’ lifestyles or homes were not suitable.

Pet care and expenditure

Food and veterinary services contributed the most to expenses for people owning pets in Australia. The pet food market is a billion-dollar industry in Australia alone. As Australians become more conscious of ingredients in products, the quality may increase as consumers expect more or are willing to pay more for pet food. In fact, premium and super-premium pet food products accounted for the majority share of sales in the country in 2017. The market is expected to grow annually into the foreseeable future, with product innovation directed by consumer trends.

Veterinary Data Quality Platforms Market Outlook

According to our latest research, the Global Veterinary Data Quality Platforms market size was valued at $1.2 billion in 2024 and is projected to reach $3.8 billion by 2033, expanding at a CAGR of 13.7% during 2024–2033. The primary driver behind this robust growth is the increasing digital transformation in veterinary healthcare, which is fueling the adoption of advanced data management and analytics solutions across veterinary practices, research institutes, and academic institutions. With a rising focus on improving clinical outcomes, regulatory compliance, and operational efficiency, veterinary data quality platforms are becoming an indispensable tool for stakeholders seeking to harness the power of accurate, real-time data.

Regional Outlook

North America currently holds the largest share of the Veterinary Data Quality Platforms market, accounting for over 38% of global revenue in 2024. This dominance can be attributed to the region’s highly mature veterinary healthcare infrastructure, widespread adoption of digital health technologies, and favorable regulatory frameworks supporting data interoperability and security. The presence of several leading market players, combined with a robust network of veterinary hospitals, clinics, and research institutions, has fostered a fertile environment for innovation and early adoption. Additionally, North America’s proactive stance on animal health data standards and investments in cloud-based solutions have further cemented its leadership position in the global market.

Asia Pacific is projected to be the fastest-growing region, with an impressive CAGR of 16.2% forecasted through 2033. The region’s rapid expansion is primarily driven by increasing pet ownership, rising livestock populations, and heightened awareness of animal health and welfare standards. Governments across countries such as China, India, and Australia are investing in modernizing veterinary services, which includes upgrading data management infrastructure and encouraging the adoption of cloud-based and AI-powered platforms. Moreover, the influx of foreign direct investments and the entry of global players are accelerating the deployment of advanced veterinary data quality solutions, positioning Asia Pacific as a key growth engine in the coming years.

Emerging economies in Latin America and the Middle East & Africa are witnessing gradual adoption of veterinary data quality platforms, though several challenges persist. Limited access to advanced digital infrastructure, budgetary constraints, and a shortage of skilled IT professionals in veterinary settings are impeding widespread implementation. However, increasing governmental focus on animal disease surveillance, food safety, and compliance with international standards is generating localized demand for data quality solutions. Supportive policies and international collaborations are expected to gradually overcome these barriers, paving the way for steady market penetration in these regions over the forecast period.

Report Scope

The Japan veterinary healthcare market size was valued at USD 2181.17 Million in 2022 and is projected to surpass USD 4360.17 Million by 2031, expanding at a CAGR of 8% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing pet ownership.



Veterinary healthcare can be described as medical tests performed to protect the health and productivity of animals, as well as the early diagnosis and treatment of illness symptoms. The tests are carried out using a variety of techniques that include the use of blood, pee, stool, and biopsies from animals. Veterinary diagnosis is used to diagnose a wide spectrum of animals, both wild and domestic. The industry's expansion is being accelerated by new forms of animal diseases and their subsequent transmission to people through animal interaction and animal foodstuff use.

Veterinary medicine is defined as the science associated with the diagnosis, treatment, and prevention of diseases in animals. Besides, the increasing importance of the production of livestock animals is generating growth in the veterinary healthcare market. During the pandemic of Covid-19, In a poll performed by the Japan Pet Food Association in 2020, dog and cat ownership increased by 15% over the past year. As of October 2020, Japan had approximately 8 million dogs and 9 million cats maintained as pets.

Japan Veterinary Healthcare Market Trends, Drivers, Restraints, and Opportunities

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  Governmental agencies and the food industry are reforming to maintain health through monitoring and vaccinations are estimated to spur the market growth during the forecast period.

  
  


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  Spending in R&D and spreading research in the areas of veterinary healthcare are the main factors propelling the market expansion.

  
  

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Discover the booming Australian pet food market! This comprehensive analysis reveals market size, growth trends (CAGR), key segments (dry, wet food, treats, nutraceuticals), leading brands, and future forecasts (2025-2033). Learn about driving forces, challenges, and opportunities in this dynamic sector. Recent developments include: July 2023: Hill's Pet Nutrition introduced its new MSC (Marine Stewardship Council) certified pollock and insect protein products for pets with sensitive stomachs and skin lines. They contain vitamins, omega-3 fatty acids, and antioxidants.May 2023: Nestle Purina launched new cat treats under the Friskies "Friskies Playfuls - treats" brand. These treats are round in shape and are available in chicken and liver and salmon and shrimp flavors for adult cats.April 2023: Mars Incorporated opened its first pet food research and development center in Asia-Pacific. This new facility, called the APAC pet center, will support the company's product development.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Despite higher reported rates of mental ill-health than the general population, professionals working in the animal care industry have low reported rates of help-seeking behavior. Potential factors involved in veterinary professionals' reluctance to seek help include stigma toward mental ill-health, practical barriers to accessing supports, and a cultural normalization of symptoms in the industry. This preliminary study sought to explore these factors in a sample of veterinarians, veterinary nurses, and veterinary technicians and examine effects of gender, years' experience, and practice location. A total of 408 veterinary professionals working in Australia and New Zealand completed an online survey between June and December 2021 measuring perceived stigma, practical barriers to mental health help-seeking, perceptions of normalized psychopathology and sickness presenteeism. Results indicated moderate levels of both perceived stigma and barriers to mental health help-seeking. Interestingly, psycho/pathology (e.g., burnout, fatigue, and sickness presenteeism) was perceived to be a normalized aspect of the profession by majority of respondents. Although no effect of gender or geographic location were observed, stage of career did have an effect on findings. Early career veterinary professionals were identified as more vulnerable to perceived stigma and barriers to care. The practical and research implications of the findings are discussed and include the need for mental health to be more centrally incorporated into the veterinary curriculum and professional development. Also discussed is an agenda for future research aimed at improving the mental health and wellbeing of professionals working in the animal care industry.

Australia pet food market was valued at USD 2.83 Billion in 2024 and is expected to reach USD 3.54 Billion by 2030 with a CAGR of 3.8% during the forecast period.

The Australia Plant-based Pet Food market is estimated to be worth USD 89.7 million by 2025 and is projected to reach a value of USD 241.8 million by 2035, growing at a CAGR of 10.4% over the assessment period 2025 to 2035.

USD 36.53 Million in 2024; projected USD 65.4 Million by 2033; CAGR 6.61%.