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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
CVS Group plc CVS Group plc market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
1.9%
Annual Growth 17-22
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Profit
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Employment
52,147
Businesses
3,688
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 Products Chapter

Veterinary care for pets

This segment is estimated to account for 45.4% of industry revenue in 2016-17, making it the most important segment for the industry. Vets provide both consulting services and medical treatment and also sell goods purchased solely for resale to pet owners. 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 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


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