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.
The Veterinary Services industry recorded moderate growth during the past five years. The number of pets owned increased and expanded demand for industry services. The expansion of veterinary services available and the rising popularity of pet insurance contributed positively. However, household spending pressures restricted spending on veterinary services and curtailed growth... purchase to read more
Industry Report - Industry Products Chapter
Veterinary care for pets
This segment is estimated to account for 45.4% of industry revenue in 2015-16, making it the most important segment for the industry. Vets provide both consulting services and medical treatment and also sell goods purchased solely for resale to pet owners. Consulting services include diagnostic testing activities used to assess the present health conditions of a pet and to detect potential diseases. Services are typically provided by vets in individual practices or in veterinary hospitals. In recent years, telemedicine services over the phone have become increasingly common as they allow for a first determination of an animal's state of health. In addition, this segment includes the provision of guidance and advice on pet care and ownership... purchase to read more