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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 | Mar 2015

A good diagnosis: Increasing livestock numbers and pet ownership support revenue growth

IBISWorld’s Veterinary Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 to meat products favourably influenced demand... purchase to read more

Industry Report - Industry Analysis Chapter

The industry faced dull conditions over the past five years as the economic downturn hampered real disposable incomes and increased pressure on household spending, which adversely affected demand for industry services. Demand from farms also remained constrained and restricted industry growth. However, changes in attitudes towards pet ownership, which caused pet ownership levels to increase since 2012, limited the effect of the poor economic climate on the industry. Meanwhile, radio and TV shows increased consumer awareness of animal health issues. Pet insurance also became more popular and the range of specialised veterinary services available expanded over the period. These factors favourably influenced the industry... 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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