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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 | Nov 2012

Medical advances: New technology and higher fees support growth in demand and revenue

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 08-13
1.6%
Annual Growth 13-18
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Profit
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Employment
43,436
Businesses
3,175
Industry Analysis & Industry Trends

The Veterinary Services industry provides medical advice and treatment for companion animals, such as cats, dogs, rodents, 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 rate of pet ownership in the United Kingdom has a significant impact on the performance of the industry.

In 2012, UK residents owned approximately 22 million pets excluding fish, with about 48% of all households having at least one pet... 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; 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, indicating that for £1.00 spent on the use and replacement of capital equipment, £17.8 is spent on labour in terms of wages and salaries... 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 pet animals. Activities are carried out by qualified veterinarians in veterinary hospitals, on farms or in consulting and surgery homes. The industry also includes animal ambulance activities. Services not included in this industry are animal boarding activities and artificial insemination activities.

Industry Products
Veterinary care for companion animals Veterinary consulting for companion animalsVeterinary care for cattleLaboratory servicesVeterinary care for horses
 
Industry Activities
Health care and control activities for farm animalsAnimal health care and control activities for petsClinical and other diagnostic activities pertaining to animalsAnimal ambulance services


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