Veterinary Services in Australia - Market Research Report

Veterinary Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.4%

Higher pet insurance uptake, growing awareness of animal health, and the increasing availability of advanced surgical and diagnostic procedures for animals have driven demand for the Veterinary Services industry over the past five years. Pet owners have become increasingly willing to spend more on vet procedures to prolong their pets' lives, primarily due to higher incomes and insurance uptake. Dog and cat pet ownership per capita has remained steady over the period, while fish and bird pet ownership per capita has declined. Despite these trends, and weaker demand from the horse and greyhound racing entities, the industry has expanded over the past five years due to higher average expenditure on companion animal vet care. Industry revenue is expecte...
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Veterinary Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Demand for advanced veterinary services is forecast to grow steadily over the next five years, driven by the greater uptake of animal insurance and pet owners' increased willingness to extend their pets' lives. Veterinary services are anticipated to increasingly include services previously reserved for humans, such as endoscopies and oncology treatments. Revenue generated from value-added veterinary services is anticipated to increase due to costlier treatments and some volume growth. Industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to reach $X.X billion. More advanced procedures Increasingly advanced medical, surgical and diagnostic procedures, and the availability of new pharmaceuticals will increase...
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Veterinary Services industry statistics

  • attach_money Market Size: $4bn
  • business Number of Businesses: 3,695
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 25,450

Biggest companies in the Veterinary Services industry

The companies holding the largest market share in the Veterinary Services in Australia industry include Greencross Limited.

  • pie_chart Greencross Limited Market Share: x.x%
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What is Veterinary Services industry?

Industry Definition

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

Industry Products and Services

  • Routine veterinary services
  • Planned veterinary services
  • Emergency veterinary services
  • Veterinary merchandise and pet products
  • Other veterinary services

Industry Activities

  • Animal clinic operation
  • Animal hospital operation
  • Animal pathology services
  • Animal quarantine station operation
  • Spaying services
  • Veterinary clinic operation
  • Veterinary surgery

Market research report - table of contents

Industry Definition

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

Main Activities

  • Animal clinic operation
  • Animal hospital operation
  • Animal pathology services
  • Animal quarantine station operation
  • Spaying services
  • Veterinary clinic operation
  • Veterinary surgery

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Household discretionary income can affect pet ownership rates and expenditure on veterinary fees. Declines or slow growth in real household discretionary ...
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Real household discretionary income
Number of households
Demand from agriculture
Demand from horse and dog racing

Current Performance

New developments
Pet numbers changing
Rights and racing
Employment and enterprise numbers
 Chart: Revenue Growth

Industry Outlook

Industry drivers
Industry structure
 Table: Veterinary Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Veterinary Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Investigation and Security Services in Australia
Zoological and Botanical Gardens in Australia
Horse and Dog Racing in Australia
Agribusiness in Australia
Police and Firefighting Services in Australia
Consumers in Australia

Key Selling Industries

Medical and Surgical Equipment Manufacturing in Australia
Medical and Scientific Equipment Wholesaling in Australia
Veterinary Pharmaceutical Manufacturing in Australia




Products & Services

Activities in the Veterinary Services industry can be divided into the types of services provided to animal owners, depending on their relative priority a...
Agricultural industries
Rural households
Horse and greyhound racing entities
Other markets


Demand Determinants

The size and composition of the domestic animal population greatly influences demand for veterinary services. Treatments for dogs account for the highest ...
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Major Markets

Agricultural industries
Rural households
Horse and greyhound racing entities
Other markets



 Chart: Major Market Segmentation for the Veterinary Services in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The industry is characterised by a low level of market share concentration. Industry enterprises tend to be small, independent operations, with a few mid-...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Veterinary Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Veterinary Services in Australia - Market Research Report Industry

Industry Globalization

Greencross Limited is a network of veterinary practices that provide services for companion animals. The company was listed on the ASX in 2007, when it ow...
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Greencross

 Table: Greencross - financial performance

Capital Intensity

The Veterinary Services industry requires high labour volumes and extensive capital inputs. For every dollar spent on wages in 2019-20, the industry is pr...
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 Chart: Level of Capital Intensity for the Veterinary Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Veterinary Services in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

ANIMAL ACUPUNCTURE

ENDOSCOPY

MICROCHIPPING

NUTRACEUTICALS

ONCOLOGY

RADIOLOGY

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Veterinary Services industry?

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This report on Veterinary Services in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Veterinary Services in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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