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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 | Oct 2014

Pampered pets: Niche beauty and health treatments will drive industry revenue growth

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
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 10-15
1.9%
Annual Growth 15-20
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Profit
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Employment
23,000
Businesses
3,049
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. Due to higher incomes, people have been increasingly willing to spend more on vet procedures to prolong the lives of their pets. Despite flat growth in dog and cat pet populations in the past five years, the industry has expanded due to higher expenditure on companion animal vet care. Increased pet ownership numbers in the next five years are expected to drive industry revenue growth.

Over the five years through 2014-15, industry revenue is expected to increase at an annualised 1.9% as some pricing growth offset flat volumes. This includes an estimated 2.1% revenue growth in 2014-15 to reach $2.7... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Veterinary Services industry is in a growth phase of its life cycle. Industry value added, which is the industry's contribution to Australia's GDP, is estimated to increase at an annualised 2.8% over the decade through 2019-20. With national GDP estimated to increase at an annualised 2.7% over the period, the industry is expected to grow at a faster rate than the economy. However, growth has been limited due to a decline in pet ownership per person in the past five years, partly due to a trend toward medium- to high-density housing. More households are also reluctant to take on the financial commitments of dog or cat ownership. This has resulted in flat aggregate cat and dog numbers in the five years through 2014-15... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 pathology servicesAnimal quarantine station operationSpaying servicesVeterinary clinic operationVeterinary surgery


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