Industry Analysis & Industry Trends
Growth in pet ownership has contributed to industry expansion amid rising consolidation among operators. Revenue will remain strong in the future as more consumers own pets and demand more animal-related products. Furthermore, veterinarians will continue to specialize, increasing the cost of industry services and thus boosting profit... purchase to read more
Industry Report - Industry Locations Chapter
The location of veterinary services is influenced by the geographic spread of households, pet ownership rates (particularly dog and cat ownership), farming livestock and per capita disposable income. A greater proportion of industry activity is therefore found in regions with relatively high populations and, to a lesser extent, in regions with significant levels of farming activity.
The largest states in terms of employer establishment numbers include California (accounting for an estimated 9.5% of establishments); Texas (7.7%); Florida (6.8%) and New York (4.5%). Areas of higher per capita income and dense populations tend to favor industry operators, because residents are better able to afford pet ownership and the associated veterinary services... purchase to read more