Industry Statistics and Trends
Veterinary Services in Europe key trends
Climbing pet ownership drives growth.
Increasing levels of pet ownership have bolstered demand for veterinary services. The ageing and expanding population will likely contribute significantly to the surge in pet ownership.
Consolidation in the industry intensifies.
Large groups like Independent Vetcare and Pets at Home Group have seen their revenue swell significantly through acquisitions of small independent vets. In February 2022, IVC Evidensia extended its reach into the Baltic region by acquiring Vetminds.
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Veterinary Services in Europe
Industry Revenue
Total value and annual change from 2012-2030. Includes 5-year outlook.
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Veterinary Services in Europe market size (2020-2025)
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated €34.9bn in 2025.
Trends and Insights
Price transparency and market consolidation shape the veterinary services industry
- The UK's Competition and Markets Authority (CMA) investigation into the veterinary services market highlights price transparency as a crucial issue affecting industry performance. While primarily focusing on the UK, this initiative may influence other European markets, especially those like Portugal and Spain, where online pricing information remains limited. Transparency in pricing is vital as it enables informed consumer choices and counters the adverse effects of market consolidation, where large veterinary groups might dominate and restrict competition.
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Veterinary Services in Europe outlook (2025-2030)
Market size is projected to grow over the next five years.
Pet ownership resilience and advanced treatments drive growth in veterinary services
- Pet ownership rates across Europe have displayed remarkable resilience, buoyed by the enduring remote working trend. A Eurofound survey indicates that the percentage of employees working entirely from their place of employment grew from 36% in 2023 to 41% in 2024. While this might signal a gradual return to traditional office environments, it has not significantly deterred the rise of pet ownership. This stability ensures sustained demand for routine and specialised veterinary services.
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Revenue
€34.9bn
Employees
462k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2020-2025.
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Biggest companies in the Veterinary Services in Europe
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Independent Vetcare Ltd | 4,130.2 | 702.1 | 17.0 | |
CVS Group plc | 856.2 | 68.5 | 8.0 | |
VetPartners Group Ltd | 778.0 | 30.0 | 3.9 |
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Veterinary Services in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Veterinary Services industry in Europe in 2025?
The market size of the Veterinary Services industry in Europe is €34.9bn in 2025.
How many businesses are there in the Veterinary Services industry in Europe in 2025?
There are 114k businesses in the Veterinary Services industry in Europe, which has grown at a CAGR of 2.7 % between 2020 and 2025.
Has the Veterinary Services industry in Europe grown or declined over the past 5 years?
The market size of the Veterinary Services industry in Europe has been growing at a CAGR of 1.3 % between 2020 and 2025.
What is the forecast growth of the Veterinary Services industry in Europe over the next 5 years?
Over the next five years, the Veterinary Services industry in Europe is expected to grow.
What does the Veterinary Services industry in Europe include?
Veterinary care for animals and Emergency veterinary services are part of the Veterinary Services industry in Europe.
Which countries have the most businesses in the Veterinary Services industry in Europe?
The European country with the most businesses in the Veterinary Services industry is Italy.
How competitive is the Veterinary Services industry in Europe?
The level of competition is low and steady in the Veterinary Services industry in Europe.
Related Industries
This industry is covered in 37 countries
- Veterinary Services in Greece
- Veterinary Services in Romania
- Veterinary Services in the UK
- Veterinary Services in Norway
- Veterinary Services in Germany
- Veterinary Services in Estonia
- Veterinary Services in Bosnia & Herzegovina
- Veterinary Services in Iceland
- Veterinary Services in Europe
- Veterinary Services in the UK
- Veterinary Services in Germany
- Veterinary Services in Ireland
- Veterinary Services in Ireland
- Veterinary Services in Austria
- Veterinary Services in France
- Veterinary Services in the Netherlands
- Veterinary Services in Belgium
- Veterinary Services in Cyprus
- Veterinary Services in Lithuania
- Veterinary Services in Finland
- Veterinary Services in Bulgaria
- Veterinary Services in Luxembourg
- Veterinary Services in Russia
- Veterinary Services in Italy
- Veterinary Services in Poland
- Veterinary Services in Slovakia
- Veterinary Services in Slovenia
- Veterinary Services in Sweden
- Veterinary Services in Latvia
- Veterinary Services in Croatia
- Veterinary Services in Spain
- Veterinary Services in Portugal
- Veterinary Services in Hungary
- Veterinary Services in Czechia
- Veterinary Services in Turkey
- Veterinary Services in Serbia
- Veterinary Services in Switzerland
- Veterinary Services in Denmark
- Veterinary Services in Ireland
- Veterinary Services in Malta
Table of Contents
About this industry
Industry definition
This industry provides healthcare and control activities for animals and pets. Activities are carried out by qualified veterinary surgeons in veterinary hospitals, on farms or in surgeries. The industry also includes animal ambulance activities.
Related Terms
Avian InfluenzaEndoscopyCompanion AntimalsWhat's included in this industry?
Veterinary care for animals Emergency veterinary servicesPet careCompanies
Independent Vetcare LtdCVS Group plcVetPartners Group LtdIndustry Code
75 - Veterinary activities in Europe
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Performance
Key Takeaways
Price transparency and market consolidation shape the veterinary services industry
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Revenue Highlights
Trends
- Revenue
- 2025 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Veterinary Services in Europe industry (2012 -2030)
- Employees in the Veterinary Services in Europe industry (2012 -2030)
- Business in the Veterinary Services in Europe industry (2012 -2030)
- Profit in the Veterinary Services in Europe industry (2012 -2030)
Analysis
What's driving current industry performance in the Veterinary Services in Europe industry?
Outlook
Analysis
What's driving the Veterinary Services in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Veterinary Services in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Veterinary Services in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Telemedicine services for pet care have become increasingly common. They allow vets to determine an animal's state of health without having to assess them in person, which is more time-consuming.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Veterinary Services in Europe industry's products and services performing?
Analysis
What are innovations in the Veterinary Services in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Veterinary Services in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2025)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2025)
- Share of Total Industry Enterprises by Region (2025)
- Share of Total Industry Employment by Region (2025)
- Share of Total Industry Wages by Region (2025)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2025)
- IVA (2025)
- Enterprises (2025)
- Employment (2025)
- Exports (2025)
- Imports (2025)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Price and quality of service rule supreme over the industry. Consumers typically select veterinary services based on quality of service and price, with little loyalty present in the industry.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2020-2025)
Companies
Data Tables
Top 7 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit Margin (2025)
Data Tables
- Countries of operation for Independent Vetcare Ltd
- Countries of operation for CVS Group plc
- Countries of operation for VetPartners Group Ltd
- Countries of operation for AniCura AB
- Countries of operation for Pets at Home Group plc
- Countries of operation for Sevetys
- Countries of operation for Unavets Group SL
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Veterinary surgeons must register before setting up shop. Veterinary surgeons must ensure they have licences and accreditations before performing surgery on animals.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Veterinary Services in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising pet ownership benefits profitability. An increase in dog and cat ownership and elevated pet-related spending has meant profit has remained healthy.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Veterinary Services in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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