Veterinary Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Veterinary Services Market Research Report | ANZSIC M6970 | Nov 2013

Running free: Deregulation of the industry has encouraged investment and growth

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
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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Industry Analysis & Industry Trends

Demand for veterinary services has been promoted by growing awareness of animal health issues and the increasing availability of advanced surgical and diagnostic procedures for animals. People are increasingly willing to spend more on vet procedures to prolong the lives of their pets. Despite declines in dog and cat populations in the past five years, the industry has expanded due to higher expenditure on companion animal vet care. Increased pet ownership numbers in future years is expected to drive industry growth.

Over the five years through 2013-14, industry revenue is expected to increase at an annualised rate of 2.0% as some pricing growth offset declining volumes. This includes revenue growth in 2013-14 of an estimated 2.0%, to reach $2.6 billion... purchase to read more

Industry Report - Starting a New Business Chapter

The cost involved in establishing a private veterinary practice depends on the type and location of the practice, making these significant entry barriers. However, competition policy reforms have reduced barriers to entry as they have enabled non-veterinarians to own an interest in a veterinary practice, although veterinarians must have a controlling interest in the practice in some states.

High equipment costs can also create entry barriers. Basic veterinary instruments and equipment cost about $120,000 to buy new (according to Balgownie Veterinary Hospital). Specialised equipment (and their costs) includes digital x-ray units (about $60,000), endoscopy machines (over $20,000) and ultrasound machines (more than $15,000)... purchase to read more


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What is the Veterinary Services Industry?

This industry is made up of veterinary practitioners and animal hospitals. Veterinarians are skilled in medicine and surgery pertaining to animals. Private veterinary practice can be divided into rural practice (mainly focused on farm animals) and town practice (mainly treating companion animals).

Industry Products
Treatment of companion animalsTreatment of farm animalsTreatment of racehorses and greyhoundsVeterinarian merchandise and pet productsOther veterinarian services
Industry Activities
Animal clinic operationAnimal hospital operationAnimal quarantine station operationSpaying serviceVeterinary surgery

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