Veterinary Services in New Zealand - Market Research Report

Veterinary Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.7%

Revenue for the Veterinary Services industry's has grown at a slow rate over the past five years. Declining pet ownership rates have negatively affected revenue, but this trend has been offset by higher-priced procedures, increased uptake of pet insurance and greater demand from urban households. According to The New Zealand Companion Animal Council, there were over 4.6 million pets (or companion animals) in New Zealand in 2015. An estimated 64% of New Zealand households own a pet, second only to the Unites States at 65%. However, the ownership rate in New Zealand has decreased from approximately 68% in 2011, or 5.0 million companion animals, with falls in the average number of cats, dogs and fish per household. Despite the decline in pet ownership a...
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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.

The Veterinary Services industry's revenue is projected to expand at a moderate rate over the next five years. Pet insurance uptake is anticipated to continue increasing, while the rate of decline in pet ownership is forecast to slow. The industry is anticipated to benefit from greater expenditure per medical procedure, which will continue to become more complex and generate higher income for veterinarians. Forecast growth in the agricultural sector and a projected rise in discretionary incomes will also contribute to the industry's revenue growth over the next five years. Mixed demand drivers Increased demand for pet insurance is anticipated to drive revenue growth over the next five years. As veterinary procedures become more complex and expensiv...
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Veterinary Services industry statistics

  • attach_money Market Size: $1bn
  • business Number of Businesses: 809
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 5,350

Biggest companies in the Veterinary Services industry

The Veterinary Services in New Zealand industry has no companies with major market shares. Get the full report to find out why.

What is Veterinary Services industry?

Industry Definition

Industry firms manufacture pumps and pumping systems. A pump is a device used to move fluids (including liquids, gases and slurries) by physical or mechanical action. The industry also manufactures air and gas compressors, except for those used in air conditioning and refrigeration.

Industry Products and Services

  • Reciprocating pumps
  • Air and gas compressors
  • Centrifugal pumps
  • Rotary pumps
  • Submersible pumps
  • Other pumps and compressors

Industry Activities

  • Pump manufacturing
  • Gas compressor manufacturing (except those used in air-conditioning and refrigeration)
  • Air compressor manufacturing
  • Hydraulic pump (fluid power) manufacturing
  • Petrol pump manufacturing
  • Pumping equipment manufacturing

Market research report - table of contents

Industry Definition

Industry operators provide veterinary medicine or surgical services for domestic animals or livestock. The industry also includes animal hospitals, animal quarantine stations, and other veterinary and animal services.

Main Activities

  • Veterinary clinic operation
  • Animal clinic operation
  • Animal hospital operation
  • Animal pathology services
  • Animal quarantine station operation
  • Neutering and spaying services
  • Other veterinary services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Changes in household discretionary income affect demand for pets. When household discretionary incomes increase, people have more funds available to purch...
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Real household discretionary income
Demand from agriculture
Number of households
High income earners

Current Performance

Revenue and profit trends
Growth in pet insurance
Employment and enterprise trends
 Chart: Revenue Growth

Industry Outlook

Revenue trends
Employment trends
 Table: Veterinary Services in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

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

Supply Chain

Key Buying Industries

Sheep Farming in New Zealand
Horse and Dog Racing in New Zealand
Beef Cattle Farming in New Zealand
Consumers in New Zealand



Key Selling Industries

Medical, Surgical and Scientific Equipment Manufacturing in New Zealand
Pharmaceutical and Toiletry Goods Wholesaling in New Zealand
Veterinary Pharmaceutical and Medicinal Product Manufacturing in New Zealand




Products & Services

Veterinary services can be segmented according to priority and urgency. These services include routine, planned and emergency procedures, which are projec...
Agricultural industries
Rural households
Other sectors



Demand Determinants

Demand for veterinary services is driven by a range of factors, including the number of pets in New Zealand, household income, the uptake of pet insurance...
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Major Markets

Agricultural industries
Rural households
Other sectors




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

International Trade

Business Locations

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

Market Share Concentration

The market share concentration of the Veterinary Services industry is low. The four largest industry firms are projected to account for approximately 13% ...
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Key Success Factors

Cost Structure Benchmarks

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

Basis of Competition

Internal competition
External competition

Barriers to Entry

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

Industry Globalization

The Veterinary Services in New Zealand industry has no major companies. Get the full report to find out why.

Capital Intensity

The Veterinary Services industry is moderately capital intensive. For every dollar spent on labour in 2019-20, approximately $0.28 is projected to be inve...
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 Chart: Level of Capital Intensity for the Veterinary Services in New Zealand - 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 New Zealand 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 HUSBANDRY

MICROCHIPPING

NEUTERING

ONCOLOGY

PATHOLOGY

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?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
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This report on Veterinary Services in New Zealand:

  • 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 New Zealand 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

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Veterinary Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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