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