Vet on it: Volatility is expected to moderate, with the industry recording overall growth

The Veterinary Services industry in Ireland provides veterinary care to household and farm animals. The industry has been subject to significant volatility over the past five-year period. Over the five years through 2019 industry revenue is expected to increase at a compound annual rate of 0.6%.Fluctuating growth in the number of pets and livestock levels in the country induced high revenue growth disparities during the period, which stunted overall growth. The wage levels of veterinary surgeons have increased due to labour shortages over the past five years. This trend has been further exacerbated by the changing preferences of newly graduated veterinarians, who prefer limited weekends and night shifts, placing pressure on existing working practices in the industry...read more.

Industry Statistics & Market Size
Revenue
€291.1m
Annual Growth 14-19
0.6%
Forecast Growth 19-24
Profit
Employment
2,926
Businesses
1,206
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has faced considerable volatility, but revenue is expected to increase overall
  • The industry has faced a shortage in veterinarian numbers, but support staff recruitment has risen
  • Concentration in the industry is likely to increase as corporations consolidate their holdings
  • Industry Report - Industry Locations Chapter

    The Veterinary Services industry is fragmented, and so the distribution of industry establishments is fairly spread out. Industry establishments are present in each region of the country. However, despite this there are regions with higher concentrations. These are generally located in areas with higher population levels.DublinIn 2019, Dublin is expected to account for 27.6% of industry establishments. The high population density of the capital city means there is also likely a very high number of pets. The low-level of space in the city will mean these are often common pets such as cats or dogs. Many industry practitioners operate in Dublin to fulfil the demand for veterinary services for small animals...purchase to read more.

    Additional Insights for the Veterinary Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veterinary Services Industry are

  • Provision of appropriate facilities
  • Effective cost controls
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Livestock numbers and Housing stock in the Veterinary Services industry impact industry performance..

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    What's in this report

    What is the Veterinary Services in Ireland Industry?

    This industry provides health-care and control activities primarily 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
  • Mixed practice
  • Large animal practice
  • Companion animal practice
  • Industry Activities
  • Health-care and control activities for farm animals
  • Animal health-care and control activities for pets
  • Health-care and control activities for animals in the racing industry
  • Animal ambulance services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Livestock numbers
  • Housing stock
  • Gross disposable income of households
  • Income of agriculture index

  • Current Performance
    Growth fluctuationsLabour shortagesMarket structure
  • Chart: Revenue Growth

  • Industry Outlook
    Consistent revenueMarket structureGovernment demand
  • Table: Veterinary Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland
  • Raising of Animals in Ireland

  • Key Selling Industries
  • Electromedical & Imaging Equipment Manufacturing in Ireland
  • Medical & Dental Instrument Manufacturing in Ireland
  • Pharmaceutical Preparations Manufacturing in Ireland

  • Products & Services
  • Mixed practice
  • Companion animal practice
  • Large animal practice
  • Chart: Veterinary Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Urban households
  • Irish government
  • Other rural households
  • Farms
  • Chart: Major Market Segmentation for the Veterinary Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent
  • Utilities
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Veterinary Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Animal Husbandry
  • Agricultural activities concerned with the raising of animals.
  • Companion Animal
  • Any typical household pets such as cats and dogs.
  • Electromedical Imaging Equipment
  • Machines that provided visual images used by medical professionals
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Veterinary Services in Ireland 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Veterinary Services in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Veterinary Services in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Veterinary Services in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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