Industry Statistics and Trends
Veterinary Services in Europe key trends
Climbing pet ownership drives growth.
Increasing levels of pet ownership have bolstered demand for veterinary services. The ageing and expanding UK population will likely contribute significantly to the rise in pet ownership.
Consolidation in the industry intensifies.
Large groups like Independent Vetcare and Pets at Home Group have seen their revenue swell significantly through acquisitions of small independent vets. For Example, Medivet Group acquired 22 vet practices in 2022.
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Veterinary Services in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Veterinary Services in Europe market size (2019-2024)
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated €32.9bn in 2024.
Trends and Insights
Pet ownership balloons in the UK and France, bolstering income for vets
- Pet ownership in Europe has surged, driven partly by the pandemic and people seeking companionship during the lockdowns. According to GlobalPETS, Europe’s pet population climbed by 11% in 2022, so nearly half of all European households had at least one pet.
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Veterinary Services in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Pet ownership rates will prove resilient in France Italy and Spain
- Pet-ownership rates throughout Europe will remain high as more people continue to work from home, elevating the need for vet services.
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Revenue
€32.9bn
Employees
440k
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Veterinary Services in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Independent Vetcare Ltd | 3,047.0 | 1,175.0 | 38.6 | |
Pets at Home Group plc | 1,539.4 | 155.7 | 10.1 | |
VetPartners Group Ltd | 798.4 | 57.0 | 7.1 |
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Veterinary Services in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Veterinary Services industry in Europe in 2024?
The market size of the Veterinary Services industry in Europe is €32.9bn in 2024.
How many businesses are there in the Veterinary Services in Europe industry in 2024?
There are 111k businesses in the Veterinary Services industry in Europe, which has grown at a CAGR of 2.6 % between 2019 and 2024.
Has the Veterinary Services industry in Europe grown or declined over the past 5 years?
The market size of the Veterinary Services industry in Europe has been growing at a CAGR of 0.2 % between 2019 and 2024.
What is the forecast growth of the Veterinary Services industry in Europe over the next 5 years?
Over the next five years, the Veterinary Services industry in Europe is expected to grow.
What does the Veterinary Services in Europe include?
Veterinary care for farm animals and Veterinary care for pets are part of the Veterinary Services industry.
Which countries have the most businesses in the Veterinary Services industry in Europe?
The European country with the most businesses in the Veterinary Services industry is Italy.
How competitive is the Veterinary Services industry in Europe?
The level of competition is low and steady in the Veterinary Services industry in Europe.
Related Industries
This industry is covered in 37 countries
- Veterinary Services in Greece
- Veterinary Services in Romania
- Veterinary Services in Norway
- Veterinary Services in Poland
- Veterinary Services in Cyprus
- Veterinary Services in Estonia
- Veterinary Services in Iceland
- Veterinary Services in Europe
- Veterinary Services in Luxembourg
- Veterinary Services in Russia
- Veterinary Services in Slovakia
- Veterinary Services in Italy
- Veterinary Services in Sweden
- Veterinary Services in Turkey
- Veterinary Services in Latvia
- Veterinary Services in Bosnia & Herzegovina
- Veterinary Services in Austria
- Veterinary Services in France
- Veterinary Services in Lithuania
- Veterinary Services in the Netherlands
- Veterinary Services in Switzerland
- Veterinary Services in Finland
- Veterinary Services in Slovenia
- Veterinary Services in Bulgaria
- Veterinary Services in Spain
- Veterinary Services in Portugal
- Veterinary Services in Serbia
- Veterinary Services in Belgium
- Veterinary Services in Hungary
- Veterinary Services in Czechia
- Veterinary Services in Denmark
- Veterinary Services in Malta
- Veterinary Services in Croatia
Table of Contents
About this industry
Industry definition
This industry provides healthcare and control activities for animals and pets. Activities are carried out by qualified veterinary surgeons in veterinary hospitals, on farms or in surgeries. The industry also includes animal ambulance activities.
Related Terms
Avian InfluenzaEndoscopyCompanion AntimalsWhat's included in this industry?
Veterinary care for farm animals Veterinary care for pets Veterinary care for zoo animalsCompanies
Independent Vetcare LtdPets at Home Group plcVetPartners Group LtdIndustry Code
75 - Veterinary activities in Europe
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Performance
Key Takeaways
Pet ownership balloons in the UK and France, bolstering income for vets
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Veterinary Services in Europe industry (2011 -2029)
- Employees in the Veterinary Services in Europe industry (2011 -2029)
- Business in the Veterinary Services in Europe industry (2011 -2029)
- Profit in the Veterinary Services in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Veterinary Services in Europe industry?
Outlook
Analysis
What's driving the Veterinary Services in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Veterinary Services in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Veterinary Services in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
COVID-19 disruptions lead to unprecedented growth in pet ownership. The surge in dog and cat ownership rates during the COVID-19 outbreak led to a higher demand for planned and routine veterinary services, significantly enhancing revenue.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Veterinary Services in Europe industry's products and services performing?
Analysis
What are innovations in the Veterinary Services in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Veterinary Services in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The industry’s regional focus limits concentration. Veterinary services are very much dependent on geographic proximity to the customer or patient.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 8 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Independent Vetcare Ltd
- Countries of operation for Pets at Home Group plc
- Countries of operation for VetPartners Group Ltd
- Countries of operation for CVS Group plc
- Countries of operation for Medivet Group Ltd
- Countries of operation for AniCura AB
- Countries of operation for Sevetys
- Countries of operation for Unavets Group SL
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Veterinary surgeons must register before setting up shop. Veterinary surgeons must ensure they have licences and accreditations before performing surgery on animals.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Veterinary Services in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising pet ownership benefits profitability. An increase in dog and cat ownership and elevated pet-related spending has meant profit has remained healthy.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Veterinary Services in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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