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 - Industry SWOT Analysis Chapter
The Veterinary Services industry offers medical services for companion and production animals. The industry's target market is clearly segmented with private household consumers contributing the largest share of revenue by consuming consulting and medical care services for pets. As a result, the Veterinary Services industry is classified to be in the mature stage of the industry life cycle. Industry value-added, measuring the industry's contribution to the overall economy, is anticipated to grow at a compound annual rate of 1.7% during the 10 years through 2018-19 with the UK economy being forecast to grow at a compound annual rate of 1.3% over the same period. This indicates that the industry will grow roughly in line with the overall industry... purchase to read more