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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 | Apr 2016

Pampered pets: Growth in the uptake of premium vet services and pet insurance boost 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
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 11-16
3.2%
Annual Growth 16-21
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Profit
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Employment
19,360
Businesses
3,196
Industry Analysis & Industry Trends

Over the past five years, demand for veterinary services has been promoted by 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 levels per capita in the past five years, the industry has expanded due to higher expenditure on companion animal vet care. Further increases in pet insurance levels and higher pricing over the next five years are expected to drive industry revenue growth through 2020-21... purchase to read more

Industry Report - Industry Products Chapter

Veterinary practices' activities can be divided into the types of services provided to animal owners, depending on the priority and urgency of the services. These segments include routine, planned and emergency veterinary services. Industry products and services also include merchandise sales and other veterinary services.

Routine veterinary services

Routine veterinary services provided by the industry include basic procedures, such as annual and random check-ups, vaccinations, flea treatments, and basic dentistry work. These can be provided to companion animals and livestock. Income from routine veterinary services is expected to have increased in the past five years as a proportion of industry revenue due to segment pricing increases and volume growth... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Veterinary Services Industry?

The 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 (treating companion animals and farm animals) and town practice (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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