Industry Analysis & Industry Trends
Growth in pet ownership has contributed to industry expansion in the midst of rising consolidation among operators. Revenue will remain strong in the future as more consumers own pets and demand more animal-related products. Furthermore, individuals will be willing to pay top dollar for veterinary services as their incomes rise, contributing to greater growth... purchase to read more
Industry Report - Starting a New Business Chapter
There are few barriers to entry in the companion animal healthcare industry. Barriers to entry are higher in the veterinary laboratory segment relative to the animal hospital segment, and larger laboratories are likely to have a competitive cost advantage relative to smaller laboratories (due to leverage associated with high output and highly automated chemistry testing). Companies with laboratory operations can lose customers to other companies that have both animal hospital and laboratory operations. For example, animal hospitals acquired by VCA Antech Inc. will use VCA Antech laboratory services almost exclusively; and, therefore hospitals acquired by VCA Antech will generally cease to be customers or potential customers of non-VCA Antech reference laboratories... purchase to read more