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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 | Sep 2016

Ahead of the pack: Growth in the uptake of premium vet services has boosted revenue

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
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

Several factors have promoted demand for the Veterinary Services industry over the past five years. These include 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 per capita over the past five years, the industry has expanded due to higher expenditure on companion animal vet care. Further increases in pet insurance and higher pricing over the next five years are expected to drive industry revenue growth through 2021-22... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry displays low level of market share concentration. Industry establishments tend to be small, independent operations. According to the ABS, veterinary businesses with 19 and fewer employees accounted for 94.4% of industry enterprises in 2014-15. IBISWorld expects that this percentage has remained constant over the subsequent two years through 2016-17.

The industry's four largest companies are estimated to account for less than 14% of industry revenue in 2016-17, up from around 7% in 2011-12. This is primarily due to rapid growth in the industry's largest operator, Greencross Limited. Greencross Limited, which listed on the ASX in mid-2007, owned 147 veterinary and related practices as at June 2016, up from 40 in 2007... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Veterinary Services Industry?

The industry includes veterinary practitioners and animal hospitals. Veterinarians are skilled in medicine and surgery relating to animals. Private veterinary practices can be divided into rural practices (treating companion animals and farm animals) and town practices (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

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