No dog days: Increasing pet ownership in the state will benefit the industry

Over the five years to 2018, revenue for the Veterinary Services industry in Colorado is projected to increase. Demand for industry services during the current period was driven by increasing pet ownership at the state and national level. According to the American Pet Products Association's 2017-18 National Pet Owners Survey, 68.0% of US households own a pet and spent an estimated $69.5 billion on pet products and services in 2017 (latest data available). In Colorado, state operators benefited from increasing per capita income in the state. In addition, declining unemployment in the state during the majority of the current period enabled many pet owners to afford preventative care screenings and services...purchase to read more.

Industry Statistics & Market Size
Revenue
$755m
Annual Growth 13-18
1.6%
Forecast Growth 18-23
Profit
Employment
9,373
Businesses
1,627

Industry Threats & Opportunities

  • In Colorado, industry operators benefited from higher disposable income levels
  • Industry Report - Industry Locations Chapter

    The regional distribution of establishments in the Veterinary Services industry in Colorado largely follows population density and metropolitan statistical areas (MSA) in Colorado. The largest MSAs include Denver-Aurora, Colorado Springs, Pueblo and Boulder. The central region is home to the largest share of establishments (60.0%) and the largest share of the state population (70.7%). The northeast region accounts for the second-largest share of industry establishments (18.6%) and is home to 13.0% of the state population...purchase to read more.

    Additional Insights for the Veterinary Services in Colorado Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veterinary Services in Colorado Industry are

  • Ability to quickly adopt new technology
  • Proximity to key markets
  • Provision of appropriate facilities
  • IBISWorld analysts also discuss how external factors such as Number of pets (cats and dogs) and Per capita disposable income in Colorado in the Veterinary Services in Colorado industry impact industry performance..

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    What's in this report

    What is the Veterinary Services in Colorado 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 Examinations
  • Surgical Treatments
  • Merchandise Sales
  • Laboratory Services
  • Nonsurgical treatments
  • Pet grooming services
  • Boarding Services
  • Industry Activities
  • Operating animal hospitals
  • Animal disease testing
  • Livestock inspecting and testing
  • Providing small animal veterinary services
  • Operating veterinary surgeons' offices
  • Performing animal vaccinations
  • Operating veterinary clinics
  • Operating veterinary testing laboratories
  • Providing livestock veterinary services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of pets (cats and dogs)
  • Per capita disposable income in Colorado
  • Unemployment rate in Colorado
  • Threat of disease in livestock

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Services in Colorado Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Livestock Ranching & Farming
  • Hog & Pig Farming
  • Sheep Farming
  • Horse & Other Equine Production
  • Meat, Beef & Poultry Processing
  • Consumers

  • Key Selling Industries
  • Inorganic Chemical Manufacturing

  • Products & Services
  • Nonsurgical treatments
  • Routine Examinations
  • Surgical Treatments
  • Laboratory Services
  • Merchandise Sales
  • Other
  • Boarding Services
  • Pet grooming services
  • Chart: Veterinary Services in Colorado Industry Products and Services Segmentation

  • Major Markets
  • Companion animals
  • Food animal
  • Mixed animal
  • Others
  • Equine
  • Chart: Major Market Segmentation for the Veterinary Services in Colorado Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Services in Colorado

  • Basis of Competition
    Barriers to Entry
    Banfield Pet Hospital, Deer Creek Animal Hospital, IDEXX Laboratories Inc., VCA Inc.,
  • Table: Banfield Pet Hospital - financial performance
  • Table: Deer Creek Animal Hospital - financial performance
  • Table: IDEXX Laboratories Inc. - financial performance
  • Table: VCA Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Services in Colorado Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Veterinary Services in Colorado Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of pets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bovine Spongiform Encephalopathy (Bse)
  • A fatal disease among cattle, also known as mad cow disease, that affects the central nervous system and causes staggering and agitation.
  • Dermatology
  • The branch of medicine dealing with the skin and its diseases.
  • Diagnostic
  • Identifying a particular disease.
  • Equine
  • Being related to horses.
  • Livestock
  • One or more domesticated animals raised in an agricultural setting to produce commodities such as food, fiber and labor.
  • Ophthalmology
  • The branch of medicine concerned with the eye and its diseases.
  • Orthopedics
  • The branch of medical science concerned with disorders or deformities of the spine and joints.
  • What Our Customers Say

    Why buy this report?

    The Veterinary Services in Colorado industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Veterinary Services in Colorado:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Veterinary Services in Colorado market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Veterinary Services in Colorado, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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