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Veterinary Services in Australia: Market Research Report

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

Veterinary Services Market Research Report | ANZSIC M6970 | Sep 2016

Ahead of the pack: Growth in the uptake of premium vet services has boosted revenue

IBISWorld’s Veterinary Services 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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.1%
Annual Growth 17-22
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Profit
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Employment
19,720
Businesses
3,249
Industry Analysis & Industry Trends

Several factors have promoted demand for the Veterinary Services industry over the past five years. These include higher pet insurance uptake, growing awareness of animal health issues, and the increasing availability of advanced surgical and diagnostic procedures for animals. Due to higher incomes and insurance levels, people have been increasingly willing to spend more on vet procedures to prolong their pets' lives. Despite declines in dog and cat pet ownership per capita over the past five years, the industry has expanded due to higher expenditure on companion animal vet care. Further increases in pet insurance and higher pricing over the next five years are expected to drive industry revenue growth through 2021-22... purchase to read more

Industry Report - Industry Analysis Chapter

The Veterinary Services industry has expanded steadily over the past five years, largely due to solid pricing growth, and high cat and dog pet ownership numbers per capita. According to Animal Health Alliance, 4.2 million pet dogs and 3.3 million pet cats were being kept in Australia in 2013 (latest available data), giving Australia one of the highest global pet ownership rates. Although ownership rates have likely declined over the past five years, increased private investment and growth in establishment numbers have improved access to veterinary services. This trend, along with new advanced veterinary services and higher vet numbers, has contributed to industry growth.

Over the five years through 2016-17, industry revenue is projected to increase at an annualised 3.1%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Veterinary Services Industry?

The industry includes veterinary practitioners and animal hospitals. Veterinarians are skilled in medicine and surgery relating to animals. Private veterinary practices can be divided into rural practices (treating companion animals and farm animals) and town practices (mainly treating companion animals).

Industry Products
Routine veterinary servicesPlanned veterinary servicesEmergency veterinary servicesVeterinary merchandise and pet productsOther veterinary services
 
Industry Activities
Animal clinic operationAnimal hospital operationAnimal pathology servicesAnimal quarantine station operationSpaying servicesVeterinary clinic operationVeterinary surgery


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