Veterinary Hospitals Market Projected to Reach $110.3B by 2033

Global Veterinary Hospitals Market Projected to Hit $110.3 Billion as Monitoring Equipment Surges

DUBLIN, Ireland — October 14, 2026 — Global market research updates released today confirm that the global veterinary hospitals market is projected to reach $110.3 billion by 2033, compounding at a 7.3% CAGR. A concurrent report evaluating the veterinary monitoring equipment market projects that segment to reach $1.03 billion by 2031, driven by expanding surgical volumes, advanced diagnostic monitoring, and an aging companion animal population.

Growth Drivers Across Practice Technology

1. Multiparameter Monitoring Equipment: Rising surgical complexity in companion animal specialty practices has increased demand for continuous capnography, pulse oximetry, invasively measured blood pressure, and ECG units.

2. Telemedicine & Specialty Networks: Hospital consolidation and hybrid referral networks are accelerating the adoption of connected diagnostic devices, enabling remote specialist triage and real-time vital sign tracking.