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 Locations Chapter
The location of veterinary practices is mainly influenced by the distribution of the population, as this affects demand for vet services catering to companion animals. Cities account for a high proportion of industry revenue and enterprises because urban populations use a high level of vet services. The distribution of livestock farming activity, which affects the demand for services catering to farm animals; the location of horse and dog racing businesses; and the location of veterinary schools also affect the industry's geographic distribution.
With high populations and more businesses, New South Wales, Victoria and Queensland are estimated to account for a total of 77.1% of industry revenue and 77.5% of enterprises in 2016-17... purchase to read more