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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Products Chapter

Veterinary care for pets

This segment is estimated to account for 45.4% of industry revenue in 2014-15, making it the most important segment for the industry. Vets provide both consulting services and medical treatment. 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

 


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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