The price of vet care has climbed nearly twice as fast as inflation since 2020
Over the past few years, pet owners have seen a sharp rise in veterinary expenses. Since 2020, the cost of veterinary services has increased by about 40%, nearly double the overall inflation rate. This surge has led many owners to delay or skip necessary medical visits for their pets due to financial strain.
Why veterinary prices keep climbing
Industry experts point to a combination of factors driving the trend. Higher costs for medical supplies, a shortage of qualified staff, and increased demand for services—especially after a wave of pet adoptions during the pandemic—have all contributed.
Another explanation comes from the Baumol cost disease, an economic concept suggesting that wages in professions with limited productivity growth must rise to stay competitive with more automated sectors. Veterinary clinics, therefore, raise salaries to retain skilled staff, which in turn increases prices for clients.
The impact on households and potential solutions
As a result, many households are struggling to afford basic veterinary care, including vaccinations, surgeries, and preventive treatments.
Experts suggest that expanding pet insurance options and developing community-based veterinary assistance programs could help make essential care more accessible, ensuring that animals receive proper treatment without putting excessive pressure on household budgets.
