Veterinary Emergency Care Market Size (2024 - 2029)

Veterinary Emergency Care Market Analysis

The Veterinary Emergency Care Market size is estimated at USD 19.73 billion in 2024, and is expected to reach USD 26.47 billion by 2029, growing at a CAGR of 6.05% during the forecast period (2024-2029).

International collaboration is an emerging strategy in this market. Emerging market players are indulging in partnerships with educational organizations to enhance the skills of veterinarians and address the growing demand for veterinary emergency service care in developing economies. For instance, in December 2022, UW School of Veterinary Medicine, a US organization, announced the introduction of training programs for veterinarians at the Emergency Management and Research Institute (EMRI) in Hyderabad, India. Skilled veterinarians are valuable assets to emergency clinics as each case is time-sensitive. Hence, increasing the availability of skilled veterinarians will likely assist centers in expanding their service offerings and propel overall market growth.

The adoption of new technology enhances efficiency and increases accessibility for pet owners. For instance, in September 2023, a study published by Instinct stated that around 60% of smaller emergency and urgent care hospitals in the United States implemented workflow improvements, while 47% incorporated new imaging/diagnostic technology, and 37% of small veterinary centers in the country got wearable devices. The implementation occurred after a 54% surge in patient volumes, per the State of Emergency and Specialty Veterinary Care report. Although adopting the technologies is likely to reflect on the pricing for pet owners, this strategy is expected to assist veterinary emergency care centers in retaining veterinarians and efficiently managing workload. Improvement in the workflow enhances the speed of the service delivery of the centers and increases the overall veterinary emergency market valuation through better revenue flow.

Increasing collaboration between veterinary groups and the government to address the shortage of emergency care services in emerging countries is considered a vital growth determinant for the market. For instance, in August 2023, the state government of Karnataka, India, launched an emergency helpline number for veterinary service with 290 veterinary ambulances and a team of professionals with each ambulance for rural areas in the state. The government fully sponsors the services offered under this initiative; thus, this service enables the low to middle-income population to avail of the service and expands the market to the under-developed areas of the country.

However, the high cost of emergency veterinary services is estimated to restrain market growth. The high cost reflects high operating expenses, surging prices of medications, and skilled labor.

Veterinary Emergency Care Industry Segmentation

As per the scope of the report, veterinary emergency care is used to address the immediate medical needs of companion and livestock animals. 

The veterinary emergency care market is segmented by animal, application, and geography. By animal, the market is segmented into companion animals and livestock animals. By application, the market is segmented into accidental ingestion, respiratory distress, gastrointestinal disease, seizures, accidents, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.