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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 | Nov 2016

Maintaining health: More services and rising popularity of pet insurance support revenue

IBISWorld’s Veterinary Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
CVS Group plc CVS Group plc market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Expanding services and the rising popularity of pet insurance support revenue growth
  • Moderate increases in sheep and poultry numbers have led to marginal increases in demand
  • Focus on high-quality, disease-free produce is expected to boost agriculture demand for vet services
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Industry Analysis & Industry Trends

The Veterinary Services industry provides medical advice and treatment primarily for animals in farms and pets. The increase in the number of pets owned over the five-year period has 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, increases in poultry and sheep populations and tightening health and safety regulations relating to meat products favourably influenced demand... purchase to read more

Industry Report - Industry Key Buyers Chapter

Market share concentration in the Veterinary Services industry is low, with the four largest organisations expected to account for a combined market share of 16.3% in 2016-17. Private firms in the industry tend to be small, independent practices or veterinary surgeries, with 65.6% of industry operators employing fewer than 10 people. Veterinary surgeries tend to operate on a local basis throughout Britain, focusing on either pets or farm animals. This limits the scope for market penetration by individual firms and leaves room for a large number of operators in the industry. Nevertheless, the industry also has a handful of larger players. These companies have registered organic growth. However, they have also grown through acquisitions.

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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 Number of pets and Real household disposable income in the Veterinary Services industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Veterinary Services 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
    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of pets
  • Real household disposable income
  • Agricultural income
  • Number of households
  • Current Performance
  • Veterinary services to pets
  • Farm demand
  • Medical developments
  • Margins expand
  • Chart: Revenue Growth
  • Industry Outlook
  • Pet population rises
  • Farm demand
  • Potential hardships
  • Margins fall
  • Table: Veterinary Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Sheep Farming
  • Poultry Raising
  • Consumers
  • Key Selling Industries
  • Electromedical & Imaging Equipment Manufacturing
  • Medical & Dental Instrument Manufacturing
  • Pharmaceutical Preparations Manufacturing
  • Products & Services
  • Veterinary care for pets
  • Veterinary care for farm animals
  • Veterinary care for horses and the racing industry
  • Other
  • Chart: Veterinary Services Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Farms
  • Households with children
  • Households without children
  • Racing industry
  • Other
  • Chart: Major Market Segmentation for the Veterinary Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Services
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Services Industry
  • Industry Globalization
    Major Companies
    CVS Group plc
  • Table: CVS Group plc - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Veterinary Services Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Companion Animals
  • These include pets such as cats, dogs, rodents, birds and reptiles and are animals that are kept by humans for purposes other than for being functional.
  • Endoscopy
  • The process of looking inside an animal's body for medical reasons using an endoscope. Unlike most other imaging devices, endoscopes are inserted directly into the organ.
  • Magnetic Resonance Imaging (Mri)
  • A medical imaging technique used to visualise internal structures of the body in detail.

  • Why Buy this Report?
    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:
    • 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 of 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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