Navigation Links
Veterinary Services in the UK Industry Market Research Report Now Updated by IBISWorld

London, United Kingdom (PRWEB) June 14, 2013

The Veterinary Services industry provides medical advice and treatment for companion animals, such as cats, dogs, reptiles and birds, and veterinary care for production animals in farms, breeding institutions and zoos. As more than half of the industry's revenue stems from the provision of services to pets (also called companion animals) in private households, the rate of pet ownership in the United Kingdom has a significant impact on the performance of the industry. In 2012, UK residents owned approximately 22 million pets excluding fish, with about 48.0% of all households having at least one pet.

Veterinary service providers faced difficult conditions over the past five years, as high unemployment and weak growth in real disposable income constrained spending on veterinary services. Meanwhile, challenging conditions in the agricultural industry also limited demand for veterinary services from these businesses. However, changing attitudes towards pet ownership and growth in the number of households mitigated the negative effects to some extent. According to IBISWorld industry analyst Iyman Uvais, “increased consumer awareness on animal health issues coupled with the expansion of veterinary services available also stabilised demand for services by industry participants”. As a result, industry revenue is forecast to decline at a compound annual rate of 0.1% over the five years through 2013-14 to reach £2.8 billion. In 2013-14, revenue is forecast to grow 1.7% primarily due to the rise in pet ownership and the range of services offered.

Demand for veterinary services is anticipated to grow over the coming five years due to stronger performance expectations from the companion animal segment. Rising real disposable income and falling unemployment are expected to increase household spending budgets and spur demand. Uvais adds,”trends towards pet insurance, covering a wide range of specialist medical diagnostic and treatment options, is also likely to increase demand for more sophisticated and extensive treatment". Advanced surgical procedures are expected to boost industry revenue due to the proportionally higher fees incurred by the use of specialist medical equipment. Revenue from services provided to farm animals is expected to remain constant as increased food safety regulations require more detailed and accurate testing and treatment of food-related diseases in production animals. As a result, industry revenue is expected to return to growth over the five years to 2018-19.

The Veterinary Services industry has a low level of market share concentration, with the largest four organisations accounting for a combined market share of less than 15.0%. No individual company has a market share of more than 5.0% of total industry revenue. The only major player is CVS Group.
For more information on the Veterinary Services industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

This industry provides health care and control activities for farm animals and pet animals. Activities are carried out by qualified veterinarians in veterinary hospitals, on farms or in consulting and surgery homes. The industry also includes animal ambulance activities. Services not included in this industry are animal boarding activities and artificial insemination activities.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit or call (020) 3008 6568.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Spectrum Surgical Offers Veterinary Bandage Scissor for Exotics and Avians
2. Spectrum Surgical Offers Pre-Configured Veterinary Dental Packs
3. South Carolina Association of Veterinarians is Approved Provider of Education for New York Veterinarians and Veterinary Technicians
4. College of Veterinary Medicine Earns Seven-year Accreditation
5. Pet Smart: Veterinary Services in the US Industry Market Research Report Now Available from IBISWorld
6. Texas Veterinary Cancer Registry Expands Nationally
7. Assisi Veterinary Hospital Encourages Heartworm Awareness for Dogs & Cats
8. Flea and Tick Awareness Month at Assisi Veterinary Hospital
9. Damariscotta Veterinary Clinic Answers Questions About Animal's Diets
10. Spectrum Surgical Announces Veterinary Eye Surgery Packs
11. to Target Veterinary Hospitals with Ladybug Vapor Steam Cleaners
Post Your Comments:
(Date:6/24/2016)... ... June 24, 2016 , ... ... Scientific Sessions in Dallas that it will receive two significant new grants to ... came as PHA marked its 25th anniversary by recognizing patients, medical professionals and ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience with all ... brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is a revolutionary ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway ... call for a minimum wage raise to $12 an hour by 2020 and then adjusting ... restore the lost value of the minimum wage, assure the wage floor does not erode ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine presented its ... Emergency Medicine conference in Ponte Vedra Beach, FL. The awards honor the outstanding ... Medicine Practice and Pediatric Emergency Medicine Practice. , “With this award, we ...
(Date:6/24/2016)... ... June 24, 2016 , ... Puradigm® & Innovative Solutions ... initiated cultivation and processing operations at its production facility, and opened its first ... is the manufacturer of a complete system of proactive air and surface purification ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 The Academy of ... recommendations that would allow biopharmaceutical companies to ... entities that make formulary and coverage decisions, a move ... of new medicines. The recommendations address restrictions ... appear on the drug label, a prohibition that hinders ...
(Date:6/24/2016)... -- According to a new market research ... Safety Pen Needles), Needle Length (4mm, 5mm, 6mm, 8mm, ... Purchase (Retail, Non-Retail) - Trends & Global Forecasts to ... for the forecast period of 2016 to 2021. This ... 2021 from USD 1.65 Billion in 2016, growing at ...
(Date:6/23/2016)... 23, 2016  MedSource announced today that it ... software solution of choice.  This latest decision demonstrates ... to their clients by offering a state-of-the-art electronic ... establishes nowEDC as the EDC platform of choice ... clients.  "nowEDC has long been a preferred EDC ...
Breaking Medicine Technology: