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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 | Jun 2014

The cat's whiskers: Revenue is expected to expand as pet ownership increases

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 10-15
0.8%
Annual Growth 15-20
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Profit
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Employment
45,057
Businesses
3,551
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 and high unemployment constrained spending on veterinary services by pet owners. Meanwhile, weak agricultural income and a fall in the cattle population also limited demand from farms. However, changing attitudes towards pets and a rise in the birth rate increased pet ownership levels since 2012-13, which augured well for industry participants... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Veterinary Services industry offers medical services for pets and production animals. The industry's target markets are clearly segmented pet owners and farms contributing the largest shares of industry revenue. As a result, the Veterinary Services industry is classified to be in the mature stage of the industry life cycle. Industry value-added, measuring the industry's contribution to the overall economy, is anticipated to grow at a compound annual rate of 1.2% during the 10 years through 2019-20 with the UK economy being forecast to grow at a compound annual rate of 2.1% over the same period. Although this indicates the industry will account for a declining share of the overall UK economy, the industry is not in the decline stage... 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
 
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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