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