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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - 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

 


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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