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 | Jun 2014

Pampered pets: Increasing awareness of new pet services has driven growth in industry revenue

IBISWorld’s Veterinary Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
2.0%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
22,500
Businesses
3,112
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. People are increasingly willing to spend more on vet procedures to prolong the lives of their pets. Despite declines in dog and cat 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 growth.

Over the five years through 2013-14, industry revenue is expected to increase at an annualised rate of 2.0% as some pricing growth offset declining volumes. This includes revenue growth in 2013-14 of an estimated 2.0% in 2013-14, to total $2.6 billion... purchase to read more

Industry Report - Industry Analysis Chapter

The Veterinary Services industry is expected to generate revenue of $2.6 billion in 2013-14, up 2.0% from the previous year. Over the five years through 2013-14, industry revenue is expected to increase at an annualised 2.0%. Increased private investment and growth in establishment numbers have improved access to veterinary services, which, along with new advanced veterinary services, has contributed to industry revenue growth. However, a decline in the animal population has limited industry growth in the past five years. Higher industry wages and increased industry competition have contributed to lower industry profit (which is currently at an estimated 11.2% of industry revenue), down from 13.5% in 2008-09... 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


View Sample
Quote
Select Clients