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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 | Apr 2016

Perfecting performance: Rising pet ownership and demand from farms support revenue growth

IBISWorld’s Veterinary Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
CVS Group plc CVS Group plc market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
2.8%
Annual Growth 17-22
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Profit
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Employment
52,439
Businesses
3,688
Industry Analysis & Industry Trends

The Veterinary Services industry provides medical advice and treatment primarily for animals in farms and pets. The industry has recorded moderate growth during the past five years. The number of pets owned increased over the period and propelled demand for industry services. The expansion of services available and the rising popularity of pet insurance also contributed positively. However, household spending pressures restricted spending on veterinary services and curtailed growth to some extent. Meanwhile, growth in demand from farms also remained somewhat 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 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 and, 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, which indicates that for every £1.00 spent on capital equipment, an estimated £23.56 is spent on labour... 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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