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 Key Buyers Chapter
Market share concentration in the Veterinary Services industry is low, with the four largest organisations expected to account for a combined market share of 11.9% in 2014-15. Only the largest player in the industry is estimated to have a market share of 5%. Private firms in the industry tend to be small, independent practices or veterinary surgeries, with 62.3% of industry operators employing fewer than 10 people. Veterinary surgeries tend to operate on a local basis throughout Britain, focusing on either pets or farm animals. This limits the scope for market penetration by individual firms and leaves room for a large number of operators in the industry... purchase to read more