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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 - Starting a New Business Chapter

Costs involved in establishing a private veterinary practice depend on the type and location of the practice, making these significant entry barriers. Several states allow non-veterinarians to own an interest in a veterinary practice, which reduces barriers to entry, although in some places veterinarians must have a controlling interest in the practice. High equipment costs can create barriers to entering the industry, as veterinarian practices require basic medical and veterinarian equipment as a minimum to operate in the industry.

A rural practice dealing with large animals is much more expensive to establish and operate than a practice catering for small animals... 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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