Industry Analysis & Industry Trends
The industry provides medical advice and treatment for pets and animals in farms. Vets also provide services to other organisations such as breeding institutions, zoos and firms in the racing industry. However, the provision of services to pets and farm animals generates the bulk of industry revenue.
Veterinary service providers faced lacklustre conditions over the past five years as falling real incomes and high unemployment constrained spending on veterinary services by pet owners. Meanwhile, weak agricultural income and a fall in the cattle population also limited demand from farms. However, changing attitudes towards pets and a rise in the birth rate increased pet ownership levels since 2012-13, which augured well for industry participants... purchase to read more
Industry Report - Industry Locations Chapter
Business activity in the Veterinary Services industry tends to be spread throughout the United Kingdom and roughly correlates with the national distribution of economic activity. It is further influenced by the geographic distribution of the UK population and the propensity for households to own an animal, as this affects demand for services provided to companion animals. Another influencing factor is the geographic distribution of livestock farming activities, which affects the location of demand for services provided to farm animals.
The South East region has highest concentration of industry establishments with approximately 17.7% of establishments located in the region... purchase to read more