SEARCH   
MEMBER LOGIN    

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
Add to Cart
Profit
Add to Cart
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 Investment Chapter

The Veterinary Services industry requires high labour volumes and extensive capital inputs. The balance between labour and capital costs gives the industry a moderate capital intensity level. Veterinary practices generally have high equipment requirements, mainly comprised of examination, imaging, diagnostic and surgical items, and rely on skilled professional treatments and analysis of animal symptoms. A significant proportion of service provision requires labour inputs by veterinarians and veterinarian nurses.

To calculate the capital intensity level, IBISWorld uses data from the industry's cost structure. Depreciation is used as a proxy for capital and wages are used as a proxy for labour... 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


View Sample
Quote
Select Clients