Veterinary medicine market seen reaching $47.9 billion by 2030

By AI, Created 10:37 AM UTC, May 20, 2026, /AGP/ – The global veterinary medicine market is projected to grow from $35.74 billion in 2026 to $47.94 billion by 2030, according to The Business Research Company. Growth is being driven by pet ownership, livestock expansion, digital tools and rising demand for vaccines and preventive care.

Why it matters: - Veterinary medicine sits at the intersection of animal health, food supply and public health. - Rising pet ownership and livestock demand are expanding the need for diagnosis, treatment and prevention. - The market’s growth signals more spending on animal healthcare, vaccines and digital veterinary services.

What happened: - The Business Research Company projected the veterinary medicine market will reach $47.94 billion by 2030. - The market is expected to grow at a 7.6% compound annual growth rate from 2026 through 2030. - The report said the market was $33.21 billion in 2025 and will rise to $35.74 billion in 2026. - The report is titled Veterinary Medicine Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The company published the report on May 6, 2026.

The details: - Veterinary medicine covers the prevention, diagnosis and treatment of diseases in animals. - The field includes care for pets, livestock and wildlife. - The market’s historical growth has been supported by larger livestock populations, more pet ownership, more animal disease cases, wider access to veterinary hospitals and clinics, and government policies that support animal health. - The forecast period is expected to benefit from breakthroughs in veterinary biotechnology, wider use of digital veterinary tools, stronger demand for animal vaccines, more spending on companion animal healthcare, and growth in pharmaceutical manufacturing for animals. - Key trends expected in the period include tighter control of zoonotic diseases, more preventive care, greater awareness of animal welfare, more tele-veterinary services and more evidence-based veterinary practice. - The report said North America held the largest share of the market in 2025. - The Asia-Pacific region is expected to be the fastest-growing market during the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The report offers a free sample at the sample report. - The full report is available at the company’s announcement.

Between the lines: - The growth rate is steady rather than explosive, which suggests a mature but expanding healthcare category. - The report points to preventive care and digital tools as the biggest structural shifts, not just higher treatment volume. - Zoonotic disease control remains important because veterinary medicine affects both animal and human health.

What’s next: - The market’s next phase will likely center on vaccines, tele-veterinary services and evidence-based care. - Asia-Pacific could become the main growth engine if pet ownership, livestock demand and veterinary infrastructure keep expanding. - Animal pharmaceutical manufacturing is expected to gain from the broader market expansion.

The bottom line: - Veterinary medicine is on a steady global growth path, with demand rising across pets, livestock and public-health-related animal care.