15 Highest Paying Countries for Veterinarians
In this article, we will look at the 15 highest paying countries for veterinarians. We have also discussed challenges that veterinarians face and the companies that continue to contribute to the well-being of animals. If you want to skip our detailed analysis, head straight to the 5 Highest Paying Countries for Veterinarians.
While veterinarians are one of the most trusted professions in America, according to the 2022 Global State of Pet Care report, access to veterinary services exhibits huge disparity across global markets, with over 100,000 active veterinarians in the US compared to a few hundred in countries like Kenya. Developed countries predominantly focus on small animals, while developing markets emphasize livestock care, potentially lacking expertise for optimal pet health.
Rising veterinary caseloads impose burdens on the mental and physical health of veterinarians which is also evident through increasing burnout and stress levels across the profession. Moreover, medicine access poses a concern for 75%of veterinary associations which hampers their capacity to deliver quality service.
On the other hand, telemedicine has experienced a surge, especially in response to the Covid-19 pandemic, with over 60% of pet owners willing to pay for these services. This also explains why telemedicine has become one of the best work-from-home jobs for 2023. Yet, a shortage of veterinarians for pets is also evident globally as the US alone requires 41,000 veterinarians by 2030, which is also projected to fall short by 15,000. Speaking of shortages, New Zealand is one of the countries where veterinarians are most needed. It is also worth mentioning pharmaceutical, biotechnology, and agrochemical are top 3 industries that employ veterinarians. Animal caregivers are also one of the most in-demand jobs for the future.
Adtalem Global Education Inc (NYSE:ATGE) is actively addressing the pressing issue of global veterinary shortages through strategic partnerships and educational initiatives. In collaboration with Bishop's University in Quebec, Canada, Adtalem Global Education Inc (NYSE:ATGE)’s institutions like Ross University School of Veterinary Medicine (RUSVM), are offering a number of career pathways for aspiring veterinarians to fulfill the growing demand for qualified professionals. Through RUSVM's Doctor of Veterinary Medicine program, Adtalem Global Education Inc (NYSE:ATGE) prepares veterinary leaders who contribute to human, animal, and ecosystem health with unparalleled skillset which also aligns with the One Health Initiative.
In addition, there are emerging innovations in veterinary care, such as gene therapy for cancer, reduced antibiotic usage tools, pet wearables, and varied pet nutrition options that also highlight some progress for pet care.
When we talk about progress in the field of veterinary, and while we also have established that healthcare is one of the major industries being revolutionized by AI and automation technologies, it is worth noting that AI in veterinary practices enhances efficiency without replacing expertise. To read about jobs that can be negatively effected, you can check out our article on Jobs That Will Disappear in the Future Due to AI.
Tasks like data entry and test analyses which are time-consuming for humans in any industry, are streamlined by AI. For the veterinary industry, specialized AI, such as VETSCAN IMAGYST and SignalPET, aids in diagnosing diseases. Moreover, generative AI shows promise for automated diagnoses and personalized treatments. This newly observed efficiency allows professionals to focus on treatments, care, and bonding. Hence, cost savings from automation can make higher-quality care affordable.
IDEXX Laboratories, Inc (NASDAQ:IDXX) is a big name in veterinary diagnostics and innovation, that has once again demonstrated its commitment to contributing to animal health with the launch of a groundbreaking diagnostic test. According to IDEXX' Laboratories, Inc (NASDAQ:IDXX)’s survey, a one-third of kidney cases observed by veterinarians are linked to kidney injury, which is often a diagnostic challenge owing to its subtle symptoms. In response, IDEXX Laboratories, Inc (NASDAQ:IDXX) introduced the first IDEXX Cystatin B Test which is a veterinary diagnostic tool designed to detect kidney injury in cats and dogs. By providing an industry-first biomarker for kidney injury, IDEXX Laboratories Inc has empowered veterinarians to intervene earlier and facilitate more effective treatments,
However, IDEXX Laboratories, Inc (NASDAQ:IDXX)’s impact on the industry extends beyond individual tests. As evidenced by the recent market trends that reveal how there is a significant 6% increase in same-store clinical visits and a 10% rise in same-store total practice revenue in the US. for the month of July in 2023. With a global presence spanning over 175 countries and a workforce of more than 9,000 dedicated individuals, IDEXX's positive impact reverberates across the veterinary industry and beyond.
On the other hand, Zoetis Inc (NYSE:ZTS) has taken a transformative approach to animal care through robust digital and data initiatives. Backed by a Fortune 500 status, Zoetis Inc (NYSE:ZTS) had an annual revenue of $8.1 billion and nearly 14,000 employees, with its medicines, vaccines, and diagnostics used in over 100 countries globally.
Zoetis Inc (NYSE:ZTS) promotes digital transformation through leveraging data-driven insights to help business growth and innovation. For example, Zoetis Data Science Forum is a platform that engages over 300 employees, including top executives, to share insights and external case studies.
Zoetic Inc (NYSE:ZTS)’s Digital Fluency initiative further improves data literacy and communication across the organization. By aligning its digital and data strategy with value outcomes, Zoetis Inc (NYSE:ZTS) emphasizes its devotion to tangible results that improve animal health. This approach includes initiatives such as predictive analytics to understand customer requirements, supply chain optimization, and research acceleration. Hence, we see how Zoetis Inc (NYSE:ZTS) aims to create a community of citizen data scientists capable of leveraging data to solve real-world business challenges.
Photo by Reba Spike on Unsplash
Our Methodology
To list the highest paying countries for veterinarians, we identified the highest paying countries for doctors and then made a list for 32 countries with the average salaries for veterinarians. Of those 32, the 18 with the highest average salaries were selected and have been ranked. We acquired the data for average salaries of veterinarians for each country from ERI Economic Research Institute. The list is presented in ascending order of average salary.
Here is a list of highest-paying countries for veterinarians
15. Ireland
Average Salary: $77,314
Apart from being one of the highest paying countries for veterinarians, Ireland is one of the best choices for veterinary education due to its recognition of esteemed qualifications. Graduates from Irish, UK (RCVS-accredited), US (AVMA-recognized), and Australian (AVBC-accredited) universities are accepted by the VCI.
14. France
Average Salary: $81,539
While France is one of the best countries for a veterinary job, it is also a popular choice for veterinary education withfour renowned grandes écoles located in Lyon, Maisons-Alfort, Nantes, and Toulouse. A seven-year curriculum culminates in a prestigious state diploma of veterinary physician. Hence, this rigorous training, coupled with a vast clinical exposure, positions France as an excellent choice for veterinarians.
13. Germany
Average Salary: $82,436
To become a veterinarian in Germany, students pursue a six-year veterinary medicine degree that offers a blend oftheoretical and practical training. Work placements in sectors like food quality, slaughterhouse industry, and public veterinary services provide essential hands-on experience. This equips graduates for a successful veterinary career in Germany. It is also one of the highest paying countries for nurses.
12. Finland
Average Salary: $83,575
To obtain a license for veterinary practice in Finland, individuals who have completed a veterinary degree in a country outside the European Union or European Economic Area must fulfill additional requirements. The Finnish Food Authority issues a conditional licensing decision, which outlines the necessary supplementary studies and practical training. After fulfilling these requirements, applicants can apply for and receive a license to practice as a veterinary surgeon in Finland. The process involves theoretical knowledge exams, practical assessments, and clinical and food hygiene training, all overseen by the Faculty of Veterinary Medicine and the Finnish Food Authority.
11. Iceland
Average Salary: $85,755
Iceland offers a unique blend of geological wonders and creative culture for veterinarians. While language is essential for integration, opportunities for foreign vets exist, particularly in government roles. The balance between a fulfilling veterinary career and personal life, along with a supportive government, is what makes Iceland stand out for veterinarians around the world. The average veterinary doctor salary per month in Iceland is around $7200, making it one of the highest paying countries for veterinarians.
10. Canada
Average Salary: $86,048
To become a veterinarian in Canada, the first step is to research accredited veterinary schools and meet their admission requirements. Then complete a Doctor of Veterinary Medicine program (including clinical training) and obtain a certificate of qualification by passing exams like NAVLE while fulfilling provincial licensing requirements. After that, individuals can consider specialization for additional training and career options. Active listening, compassion, and problem-solving are essential soft skills for veterinary job in Canada.
9. United Arab Emirates
Average Salary: $86,362
Choosing the UAE for a veterinary career can open door for a plethora of job opportunities, particularly in well-developed industries like pet centers, dairy farms, and clinics. The country's advanced infrastructure and industries provide roles for veterinary nurses, technicians, assistants, and surgeons. The UAE's recognition of clinical skills and work experience, along with a clear licensing process, make it one of the best country choices for vets. It is also one of the best paying countries for veterinarians.
8. Australia
Average Salary: $88,846
Becoming a veterinarian in Australia requires dedication, as it involves completing a rigorous bachelor's degree in veterinary science or a related field. Afterward, registration with the Veterinary Practitioners Registration Board is necessary. Specializations, such as in animal clinics, wildlife, or research, are also extensively available. Australia is also one of the highest paying countries for dentists.
7. Netherlands
Average Salary: $88,895
A career is veterinary in the Netherlands offers access to a modern healthcare system for animals with advanced research opportunities, a well-regulated profession, and a chance to contribute to animal welfare and public health.
6. Norway
Average Salary: $89,520
Becoming a veterinarian in Norway provides the opportunity to work in a well-regulated and progressive environment, which ensures high standards of animal health and welfare, and offers a lucrative career with a number of roles in veterinary medicine and research. Norway is also one of the highest paying countries for neurosurgeons.
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Disclosure: None. 15 Highest Paying Countries for Veterinarians is originally published on Insider Monkey.