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Veterinary Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Veterinary Services Market Research Report | NAICS 54194 | May 2016

Cat's meow: Operators will be able to raise prices as they offer more specialized services

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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$37bn
Annual Growth 11-16
3.9%
Annual Growth 16-21
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Profit
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Employment
365,951
Businesses
48,573
Industry Analysis & Industry Trends

The Veterinary Services industry remained resilient over the past five years, largely because many pet owners have regarded their pet expenditures as vital, which has boosted revenue. In the coming years, thanks to an increasing amount of pet owners purchasing pet health insurance, more pet owners will be able to afford high-cost procedures, such as surgery. Furthermore, demand for veterinary services will increase in line with pets living longer... purchase to read more

Industry Report - Industry Products Chapter

Operators in the Veterinary Services industry provide medical treatments to both companion and production animals. Animal healthcare is predominately provided by veterinarians that operate as sole practitioners, or as part of a larger group practice or hospital. Veterinarians diagnose and treat animal illnesses and injuries, perform surgeries, provide routine medical exams and prescribe medication. Some veterinarians specialize in a particular type of medicine, such as orthopedics, dentistry, ophthalmology or dermatology. Others focus on a particular type of animal, such as exotic, companion or food production animals.

Nonsurgical treatments

Nonsurgical treatments make up the largest share of total revenue, with about 26.6% of total revenue... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Veterinary Services Industry?

The Veterinary Services industry includes establishments of licensed veterinary practitioners who provide medical, dental or surgical treatment for animals. The industry also includes establishments that provide laboratory and diagnostic testing services for licensed veterinary practitioners. Companies that manufacture medical supplies or pharmaceuticals for animal treatment are not included in the industry.

Industry Products
Pet grooming services Routine examinations Surgical treatmentsNonsurgical treatmentsLaboratory services Boarding services Merchandise sales
 
Industry Activities
Operating animal hospitalsAnimal disease testing Livestock inspecting and testing Providing small animal veterinary servicesOperating veterinary surgeons' offices Performing animal vaccinationsOperating veterinary clinicsOperating veterinary testing laboratories Providing livestock veterinary services


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