Australia Veterinary Market

Australia Veterinary Market Overview:

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.

Australia Veterinary Market Trends:

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.

Australia Veterinary Market Segmentation:

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:

• Therapeutics
  • Vaccines
  • Parasiticides
  • Anti Infectives
  • Medical Feed Additives
  • Others
• Diagnostics 
  • Immunodiagnostic Tests
  • Molecular Diagnostics
  • Diagnostic Imaging
  • Clinical Chemistry
  • Others

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:

• Dogs and Cats
• Horses
• Ruminants
• Swine
• Poultry
• Others

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:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

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

Competitive Landscape:

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.

Australia Veterinary Market News:

• In February 2025, Medigrowth Australia 's announced the launch of Kindered, its new company for medicinal cannabis. The company also initiated crowdfunding project targeted to revolutionize veterinary care by utilizing medicinal cannabis.
• March 20, 2024: The CVS Group, a veterinary consolidator from the UK, announced the expansion of its presence in Australia by acquiring over a dozen veterinary clinics. This signals a trend of increasing ownership concentration in the Australian veterinary profession, similar to levels seen in the UK and US. The company plans to acquire more practices in Australia, aiming to capitalize on the growing pet population and consumer willingness to invest in veterinary care.

Australia Veterinary Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia veterinary market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia veterinary market on the basis of product?
• What is the breakup of the Australia veterinary market on the basis of animal type?
• What is the breakup of the Australia veterinary market on the basis of region?
• What are the various stages in the value chain of the Australia veterinary market? 
• What are the key driving factors and challenges in the Australia veterinary market?
• What is the structure of the Australia veterinary market and who are the key players?
• What is the degree of competition in the Australia veterinary market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia veterinary market from 2019-2033​.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia veterinary market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia veterinary industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.