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Veterinary Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Veterinary Services Market Research Report | SIC M75.000 | Dec 2014

Perfecting performance: Increased pet ownership and demand from farmers support growth

IBISWorld’s Veterinary Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
CVS Group plc CVS Group plc market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 10-15
1.5%
Annual Growth 15-20
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Profit
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Employment
46,164
Businesses
3,551
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 constrained spending on veterinary services by pet owners. Meanwhile, demand from farms also remained restricted, partly due to the fall in the cattle population. Nevertheless, an increase in the poultry population and tightening health and safety regulations relating meat products favourably influenced demand... 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 and, 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, which indicates that for every £1.00 spent on capital equipment, an estimated £15.07 is spent on labour... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Veterinary Services Industry?

This industry provides health-care and control activities for farm animals and pets. Activities are carried out by qualified veterinary surgeons in veterinary hospitals, on farms or in surgeries. The industry also includes animal ambulance activities. Animal boarding activities and artificial insemination are not included in the industry.

Industry Products
Veterinary care for petsVeterinary care for farm animalsVeterinary care for horses and the racing industry
 
Industry Activities
Health-care and control activities for farm animalsAnimal health-care and control activities for petsHealth-care and control activities for animals in the racing industryAnimal ambulance services


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