On the lamb: Growth may be affected by the UK's departure from the European Union

The Veterinary Services industry provides medical advice and treatment for farm animals and pets. Rising pet ownership over the past five-year period has boosted demand for industry services. An expansion in the range of services and the growing popularity of pet insurance have also supported growth. Additionally, the law making the microchipping of dogs compulsory in 2016 is expected to have increased revenue during the latter part of the period. However, demand from farms remains restricted, and the cattle population has been relatively static over the period. Nevertheless, tightening health and safety regulations relating to meat products have supported the industry. Revenue is expected to increase at a compound annual rate of 2.4% over the five years through 2018-19 to reach £3.8...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Economic concerns have not affected revenue, as pet expenses are considered necessary
  • Industry demand from farms has been boosted by increasing sheep, pig and poultry populations
  • Limited or lost funding for downstream farmers could reduce livestock numbers and restrict demand
  • Industry Report - Industry Analysis Chapter

    The industry has grown over the five years through 2018-19 as overall pet ownership levels increased and supported demand for industry services. Rising consumer awareness about animal health and welfare has helped to provide the industry with a degree of immunity from weaker economic conditions recently. Advances in human health-care tend to migrate down to animal health-care, and this has led to an increase in the quality and breadth of health-care that veterinary practitioners can provide. Pet insurance also grew in popularity, and the range of specialised veterinary services available expanded over the period. Additionally, the law requiring that dogs be microchipped from April 2016 is also expected to have boosted demand for veterinary services over the second half of the period. Ind...purchase to read more.

    Additional Insights for the Veterinary Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veterinary Services Industry are

  • Provision of appropriate facilities
  • Effective cost controls
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Number of pets and Real household disposable income in the Veterinary Services industry impact industry performance..

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    What's in this report

    What is the Veterinary Services Industry?

    This industry provides health-care and control activities primarily for farm animals and pets. Activities are carried out by qualified veterinary surgeons in veterinary hospitals, on farms or in surgeries. The industry also includes animal ambulance activities. Animal boarding activities and artificial insemination are not included in the industry.

    Industry Products
  • Veterinary care for pets
  • Veterinary care for farm animals
  • Veterinary care for animals in the racing industry
  • Industry Activities
  • Health-care and control activities for farm animals
  • Animal health-care and control activities for pets
  • Health-care and control activities for animals in the racing industry
  • Animal ambulance services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of pets
  • Real household disposable income
  • Agricultural income
  • Number of households

  • Current Performance
  • Pets to vet
  • Agricultural aid
  • Medical developments
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Pet ownership
  • Farming funds
  • Labour struggles
  • Profit pressure
  • Table: Veterinary Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sheep Farming
  • Poultry Raising
  • Consumers

  • Key Selling Industries
  • Electromedical & Imaging Equipment Manufacturing
  • Medical & Dental Instrument Manufacturing
  • Pharmaceutical Preparations Manufacturing

  • Products & Services
  • Veterinary care for pets
  • Veterinary care for farm animals
  • Veterinary care for animals in the racing industry
  • Other
  • Chart: Veterinary Services Industry Products and Services Segmentation

  • Demand Determinants
  • Demand from households
  • Agricultural demand

  • Major Markets
  • Farms
  • Households with children
  • Households without children
  • Racing industry
  • Other
  • Chart: Major Market Segmentation for the Veterinary Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Services Industry

  • Industry Globalization
    CVS Group plc,
  • Table: CVS Group plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Veterinary Services Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Companion Animals
  • These include pets such as cats, dogs, rodents, birds and reptiles and are animals that are kept by humans for purposes other than for being functional.
  • Endoscopy
  • The process of looking inside an animal's body for medical reasons using an endoscope. Unlike most other imaging devices, endoscopes are inserted directly into the organ.
  • Magnetic Resonance Imaging (Mri)
  • A medical imaging technique used to visualise internal structures of the body in detail.
  • What Our Customers Say

    Why buy this report?

    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.

    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
    • Quickly build competitive intelligence
    This report on Veterinary Services:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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