Industry Analysis & Industry Trends
The Veterinary Services industry provides medical advice and treatment for companion animals, such as cats, dogs, rodents, reptiles and birds, and veterinary care for production animals in farms, breeding institutions and zoos. As more than half of the industry's revenue stems from the provision of services to pets in private households, the rate of pet ownership in the United Kingdom has a significant impact on the performance of the industry.
In 2012, UK residents owned approximately 22 million pets excluding fish, with about 48% of all households having at least one pet... purchase to read more
Industry Report - Industry Investment Chapter
The level of investment required is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs are indicative of a high level of investment in depreciable assets such as buildings and equipment; therefore, high capital intensity. Conversely, comparatively high wage costs are indicative of high labour intensity.
The level of capital intensity in the Veterinary Services industry is low. This is reflected by the industry's capital-to-labour ratio, indicating that for £1.00 spent on the use and replacement of capital equipment, £17.8 is spent on labour in terms of wages and salaries... purchase to read more