Industry Analysis & Industry Trends
The Veterinary Services industry provides medical advice and treatment primarily for pets and animals in farms. The industry has recorded moderate growth during the past five years. The number of pets owned increased over the period and expanded 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. Meanwhile, the increase in demand for industry services 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 - Starting a New Business Chapter
Barriers to entry into the Veterinary Services industry are at a medium level and relate to start-up costs for setting up a practice, required professional qualifications and skill levels, and the establishment of reputation.
Start-up expenditure relates to surgery fit-out, basic veterinary instruments and equipment as well as specialised equipment including a digital x-ray unit, an endoscopy machine and an ultrasound machine. Farm animal and equine practices can be more expensive to establish and operate than a practice catering to small animals. This is due to the sheer size of equipment, facilities and quantities of drugs that are required to treat larger animals... purchase to read more