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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 | Jun 2014

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

The Veterinary Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

The Veterinary Services industry is expected to generate revenue of $2.7 billion in 2014-15, up 2.1% from the previous year. Over the five years through 2014-15, industry revenue is expected to increase at an annualised 1.9%. Increased private investment and growth in establishment numbers have improved access to veterinary services, which, along with new advanced veterinary services and higher vet numbers, has contributed to industry revenue growth. However, a decline in the animal population, and flat aggregate cat and dog pet numbers, has limited industry revenue growth in the past five years. Higher industry wages and increased industry competition have contributed to lower industry profit at an estimated 9.9% of industry revenue in 2014-15, down from 12.1% in 2009-10... 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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