Industry Analysis & Industry Trends
The Veterinary Services industry provides medical advice and treatment for companion animals, such as cats, dogs, 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 level of pet ownership in the United Kingdom has a significant affect on the performance of the industry.
Veterinary service providers faced difficult conditions over the past five years as high unemployment and weak growth in real disposable income constrained spending on veterinary services. Meanwhile, challenging conditions in the agricultural industry also limited demand for veterinary services from these businesses... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Veterinary Services industry are at a medium level and relate to start-up costs for setting up a practice, required professional qualifications and skill levels, and the establishment of reputation.
Start-up expenditure relates to surgery fit-out, basic veterinary instruments and equipment as well as specialised equipment including a digital x-ray unit, an endoscopy machine and an ultrasound machine. Farm animal and equine practices can be more expensive to establish and operate than a practice catering to small animals. This is due to the sheer size of equipment, facilities and quantities of drugs that are required to treat larger animals... purchase to read more