The Australia veterinary market size reached USD 1.92 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.76 Billion by 2033, exhibiting a growth rate (CAGR) of 9.70% during 2025-2033. The market is propelled by the increasing pet ownership and humanization of pets, advances in veterinary medicine and technology, rising awareness about animal health and welfare, growth of pet insurance, expansion of specialty veterinary services, demographic changes and urbanization, and regulatory developments and compliance.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1.92 Billion |
Market Forecast in 2033 | USD 4.76 Billion |
Market Growth Rate (2025-2033) | 9.70% |
Increasing Pet Ownership and Changing Attitudes Toward Pets
The growth in the veterinary business in Australia can be associated with the escalating pet ownership and transforming perception about pets. According to RSPCA, Australia has approximately 28.7 million pets. The growth is being driven by a variety of demographic variables such as single-family growth, aging populations, urbanization amongst others. Individuals living in solitude or small families mostly use pets as companions, which again increases the demand for pets and their service offerings. There has also been a change in attitudes of Australians toward their pets. They are increasingly being regarded as members of the family, and owners do not hesitate to spend considerable amounts of money on them through veterinary services, such as routine check-ups and vaccinations to advanced treatments such as dentistry, orthopedic surgery, and sophisticated diagnostic tests. Besides this, humanization of pets has opened opportunities for holistic and preventive health care options that include pet insurance, wellness programs, and dietary supplements.
Rising Awareness About Animal Health and Welfare
The veterinary industry in Australia is expanding due in large part to rising public awareness about the necessity of animal health and welfare. Public concerns about the moral treatment and care of animals and government legislation around animal health have raised awareness. More stringent laws prohibiting animal abuse, breeding welfare requirements, and import limitations on exotic pets have all been introduced to boost the awareness regarding the importance of protecting the health and welfare of farm and companion animals. Media coverage and education efforts have also helped raise public knowledge of common pet health issues, including as preventable viral diseases, dental disorders, and obesity. Besides this, the increasing number of pet adoptions from shelters and rescues which can be attributed to public campaigns is further propelling the market growth. As per RSPCA, around 69% of Australian households own pets, with dogs being highly prevalent (48%), followed by cats at 33%. This increase in the number of pet adoptions is further boosting the demand for veterinary services.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product and animal type.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes therapeutics (vaccines, parasiticides, anti infectives, medical feed additives, and others) and diagnostics (immunodiagnostic tests, molecular diagnostics, diagnostic imaging, clinical chemistry, and others).
Animal Type Insights:
A detailed breakup and analysis of the market based on the animal type have also been provided in the report. This includes dogs and cats, horses, ruminants, swine, poultry, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered |
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Animal Types Covered | Dogs and Cats, Horses, Ruminants, Swine, Poultry, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: