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The Australia veterinary healthcare market was valued at USD 1.95 Billion in 2025 and is expected to grow at a CAGR of 6.20%, reaching USD 3.56 Billion by 2035. The market growth is driven by advanced veterinary infrastructure, rising pet ownership, and growing awareness of animal well-being. Increasing adoption of preventive care, pet insurance, and digital health solutions is expected to boost growth. Expanding R&D in animal biologics and the demand for livestock disease management further enhance market prospects during the forecast period.
Base Year
Historical Period
Forecast Period
In July 2025, Altano Group partnered with Australia’s Scone Equine Group, enhancing advanced equine care services. Such collaborations are expected to strengthen veterinary expertise and significantly drive growth in the market.
One of the major market trends includes the recognition of Veterinary Technologists as healthcare professionals. For instance, in December 2024, the ABS officially classified them under the Miscellaneous Health Professionals group, boosting workforce recognition and veterinary healthcare market growth.
In July 2024, the Zoetis Foundation granted USD 109,000 to the Australian Veterinary Association for its THRIVE program, enhancing veterinary mental health and wellbeing, which is expected to positively influence the veterinary healthcare market growth in Australia.
Compound Annual Growth Rate
6.2%
Value in USD Billion
2026-2035
*this image is indicative*
Veterinary healthcare plays a vital role in safeguarding animal well-being, ensuring effective disease prevention, treatment, and improved livestock productivity, while also supporting public health and food safety. The veterinary healthcare market in Australia is witnessing steady expansion, driven by rising pet ownership, increased awareness of animal health, and advancements in veterinary medicines and diagnostics. Supportive government initiatives and growing demand for companion animal care further strengthen the market outlook. The market is poised to grow at a CAGR of 6.20% during the forecast period of 2026-2035.
Advanced Diagnostics in Australia to Elevate the Growth in the Veterinary Healthcare Market
The rising adoption of advanced diagnostic technologies that enhance clinical accuracy and efficiency is one of the major drivers of the market. In December 2024, Zoetis announced the global launch of its Vetscan OptiCell™, an innovative AI-powered hematology analyzer, to be showcased at VMX 2025. The device, designed for point-of-care use, offers complete blood count analysis within minutes, minimizing errors and improving workflow efficiency. Its planned rollout in Australia from 2025 underscores the increasing emphasis on modern diagnostic solutions, which are expected to accelerate veterinary healthcare market growth in the country.
The market is witnessing several trends experiencing key trends such as the growing demand for high-quality veterinary services and increased strategic investments in veterinary networks.
Rising Demand for High-Quality Veterinary Services is Likely to Elevate the Market Value
The market is witnessing a growing trend of increasing demand for advanced and high-quality veterinary services. With rising expectations from pet owners for medical care comparable to human healthcare, veterinary clinics are under pressure to deliver complex treatments and diagnostics while managing operational challenges. For instance, in May 2025, the Australian Veterinary Association emphasized the sustainability of veterinary services, highlighting cost transparency and the importance of maintaining high standards. This trend is expected to strengthen market growth as quality-driven services gain greater value in the sector.
Strategic Investments in Veterinary Networks to Enhance Australia Veterinary Healthcare Market Demand
The strategic consolidation of veterinary networks to strengthen service delivery and expand access to advanced animal healthcare is a growing market trend. In October 2023, EQT announced its acquisition of VetPartners, the largest veterinary service provider in Australia and New Zealand, highlighting the increasing focus on investment in diagnostic technologies, workforce development, and sustainable clinical practices. Such large-scale investments are expected to accelerate innovation, enhance service quality, and ultimately boost the growth trajectory of the veterinary healthcare market in Australia.
Dogs and Cats Poised to Dominate the Market Based on the Animal Type
There are various animal groups driving demand in the veterinary sector, segmented into dogs and cats, horses, ruminants, swine, poultry, and others. Among these, dogs and cats are projected to lead the market due to their high healthcare needs and rising prevalence of lifestyle-related conditions. The Pet Food Industry Association of Australia (PFIAA) highlights obesity as the most common form of malnutrition in pets, with surveys showing that 41% of dogs and 32% of cats are overweight or obese, underscoring the growing demand for veterinary interventions.
The key features of the market report comprise funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Thermo Fisher plays a central role in Australia’s veterinary diagnostics landscape by supplying high-throughput molecular platforms, reagents, and kits to reference labs and animal health agencies. Its VetMAX real-time PCR and ELISA tests are widely distributed through partners like AsureQuality Diagnostics, helping detect critical diseases such as bovine tuberculosis, swine fever, and foot-and-mouth disease. This contributes to expanding demand in veterinary diagnostics—a rapidly growing segment in the national animal health market
Boehringer Ingelheim is a key provider of veterinary pharmaceuticals and vaccines in Australia, serving both livestock and companion animal sectors. It maintains a local presence in North Ryde, NSW and supports Guide Dogs Australia by supplying vaccines and parasite protection products, such as NexGard SPECTRA, reinforcing its role in preventive animal health. Additionally, the company drives innovation through acquisitions like therapeutic vaccines for companion animals—and invests in digital customer engagement for rural livestock producers.
Merck Animal Health is a major contender in Australia’s veterinary pharmaceuticals market, especially in biologics, which is the fastest-growing segment nationally. The company operates a manufacturing and research facility in Bendigo and Seven Hills, enabling local production and innovation. Merck also enhances diagnostic and livestock health capabilities by integrating digital monitoring tools such as technologies acquired via Poultry Sense Ltd. to support preventative healthcare strategies for Australian producers.
Randox supplies advanced veterinary diagnostic solutions to the Australian market through its RX Series analyzers. These sophisticated clinical chemistry platforms can test small animal samples (as low as 0.5 μL) and support a wide range of assays across species, from companion animals to livestock, enabling on-site, rapid, and versatile testing for practitioners. As vet diagnostics continue to expand in Australia, Randox’s user-friendly and broad-spectrum testing capabilities reinforce its strategic value.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Zoetis Services LLC, Elanco Animal Health, Ceva Sante Animale, Vetoquinol S.A., Idexx Laboratories Inc., and BioChek Group.
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Animal Type
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Animal Type |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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