The estimated contribution to GDP for Veterinary Services is forecast to continue to increase, despite falling in 2023-2024.
Veterinary Services has experienced strong demand and revenue growth over recent years, and it is expected to continue to grow, driven primarily through more households adopting companion animals and increased demand for routine and premium veterinary care and pet insurance.
1. IBISWorld, “Veterinary Services in New Zealand,” Industry Report (New Zealand: IBISWorld (access is by subscription only), November 2021), https://www.ibisworld.com/.