Global Pet Healthcare Expands, Releasing Demand For Equipment in Emerging Markets
Aug 25, 2026
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The global pet healthcare market is entering a new growth cycle. According to a report released by Value Market Research in August 2026, the global pet healthcare market size was approximately US$283.65 billion in 2025 and is projected to grow to US$511.05 billion by 2034, representing a CAGR of 6.76%. Another report from Market Data Forecast on the companion animal healthcare market provides a more specific growth forecast: this segment is projected to be worth US$25.73 billion in 2025 and reach US$49.33 billion by 2034, with a CAGR of 7.5%.
The structural changes behind these figures are even more noteworthy-the focus of growth is shifting from mature markets in Europe and the US to emerging markets.
Asia pacific: The fastest growing single region
The Asia Pacific region is projected to lead the global market with a CAGR of 7.48%, making it the fastest-growing regional market. This growth is driven by several factors: increased pet ownership due to accelerated urbanization, a shift in the younger generation's perception of pets as family members, and higher demands for veterinary service quality resulting from increased disposable income.
China is the core engine of the Asia Pacific market. The Chinese pet healthcare market is projected to reach RMB 98 billion by 2026, accounting for 11.4% of the global market. Vietnam's figures are equally impressive-the country currently has approximately 14 million pet cats and dogs, a 26% increase over five years. Its pet food market reached $124 million by 2025, with spending on veterinary care and grooming services also rising. Similar trends are observed in markets such as India, Indonesia, and Thailand, with a surge in new animal clinics and veterinary hospitals leading to concentrated demand for equipment.
Latin America: Large pet population, significant infrastructure gaps
Brazil is the world's third-largest pet market, with 54 million dogs and 18 million cats. According to the Brazilian Association of Pet Retailers (ABEPET), while the pet population continues to grow steadily, the coverage of veterinary infrastructure lags significantly behind North America and Europe, especially at the community clinic level in small and medium-sized cities, where the availability of surgical, monitoring, and imaging equipment is far from saturated.
Mexico and Colombia are also accelerating the standardization of their pet industries, with increasing private capital entering the animal healthcare sector. The entire Latin American region has a strong demand for cost-effective veterinary medical equipment, presenting a clear window of opportunity for Chinese suppliers with large-scale manufacturing capabilities and international certifications.
Middle East and Africa: From fragmented to systematic
The Middle East's pet healthcare market, represented by the UAE and Saudi Arabia, is projected to reach approximately $17 billion by 2025. South Africa boasts the most comprehensive veterinary system in sub-Saharan Africa, with over 4,000 registered veterinarians and a continuously growing number of specialist clinics. The demand for high-end pet services in the Gulf countries has grown rapidly in the past two years, with newly built pet hospitals requiring one-stop procurement of core equipment such as surgical lights, anesthesia systems, and monitors.
Most of Africa is still in the early stages of the market, but the involvement of international animal welfare organizations and urbanization are driving the establishment of basic veterinary service networks, and equipment demand is gradually shifting from piecemeal procurement to standardized configurations.
Opportunities for equipment suppliers going global
Common characteristics of emerging markets are: rapid growth in the number of pets, but lagging development of veterinary medical infrastructure and a significant equipment shortage. These markets require suppliers to focus on three points: products must have international certifications (CE, FDA, etc.), stable and reliable delivery, and competitive pricing.
Huifeng Medical: A medical device manufacturer established in 1992; possessing an independent production base, its product line covers multiple categories including veterinary surgical equipment, pet cages, incubators, and grooming equipment, providing one-stop supply capabilities from individual devices to complete veterinary hospital solutions.
With international certifications such as CE, FDA, and ISO 13485, and a global logistics system covering sea, air, and land transportation, its equipment has entered several emerging markets in Southeast Asia, the Middle East, and Latin America.
For overseas clients who are building or expanding animal clinics, suppliers with full-chain capabilities in manufacturing, certification, and logistics offer significant advantages in delivery efficiency and after-sales response.
Key variables for the next few years
The global pet healthcare market is expected to experience significant growth, but regional pace will vary. The Asia-Pacific region, particularly Southeast Asia and South Asia, will remain the most concentrated area for equipment procurement over the next 3-5 years. In Latin America, as clinic chains expand, bulk purchasing demand will gradually materialize. The high-end market in the Middle East places greater emphasis on brand and service packages.
For veterinary equipment manufacturers intending to expand overseas, proactively securing certifications and market access in target markets, establishing localized after-sales support networks, and providing flexible multimodal logistics solutions will be crucial for gaining the upper hand in this round of global expansion.
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