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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 | Mar 2014

Barking back: Rising pet ownership rates and industry consolidation will spur revenue growth

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
$34bn
Annual Growth 09-14
4.5%
Annual Growth 14-19
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Profit
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Employment
305,762
Businesses
38,087
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

 


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
Routine examsNonsurgical proceduresPet food and productsLab servicesSurgical procedures
 
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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