Cat's meow: Industry operators have benefited from rising pet ownership rates

The Veterinary Services industry in Texas has thrived over the five years to 2017. Along with the necessary nature of veterinary care, industry operators have benefited from rising pet ownership rates, improving economic conditions in the state and ongoing technological advancements. The Lone Star State is ranked among the top 10 dog-owning states in the nation, with about 44.0% of households in Texas owning a dog, according to the American Veterinary Medical Association. In addition to being the largest cattle-producing state in the nation, Texas produces more horses than any other state. These favorable trends have boosted demand for veterinary services for both companion and food animals, while rising disposable income has improved pet owners' ability to afford veterinary services...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • In line with national trends, the Veterinary Services industry in Texas is fragmented and highly competitive
  • The proliferation of new technologies has lifted operators’ profit margins
  • Advances in pet nutrition and care will help increase the average pet life expectancy
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the Veterinary Services industry in Texas are high, overall. While there are few barriers to entry in the companion animal healthcare segment, barriers to entry are more significant in the veterinary laboratory segment relative to the animal hospital segment. Companies with laboratory operations can also lose customers to other companies that have both animal and laboratory operations. For example, animal hospitals acquired by VCA Inc. (VCA) will use VCA laboratory services almost exclusively. As a result, hospitals acquired by VCA generally cease to be customers or potential customers of nonVCA reference laboratories.The time required to achieve economies of scale serves as another barrier to entry. For...purchase to read more.

    Additional Insights for the Veterinary Services in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Veterinary Services in Texas 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 Per capita disposable income in Texas and Number of pets (cats and dogs) in the Veterinary Services in Texas industry impact industry performance..

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    What's in this report

    What is the Veterinary Services in Texas 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
  • Grooming
  • Routine exams
  • Surgical treatments
  • Nonsurgical treatments
  • Laboratory services
  • Boarding services
  • Merchandise
  • Other
  • 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
  • Per capita disposable income in Texas
  • Number of pets (cats and dogs)
  • Per capita meat consumption
  • Population of Texas

  • Current Performance
  • Demand is on the rise
  • Technological advancements
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • More pets, more vets
  • Rising demand for meat
  • Industry landscape
  • Table: Veterinary Services in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Veterinary Services in Texas 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 exams
  • Surgical treatments
  • Laboratory services
  • Merchandise
  • Boarding services
  • Other
  • Grooming
  • Chart: Veterinary Services in Texas Industry Products and Services Segmentation

  • Major Markets
  • Companion animal
  • Other
  • Food-animal
  • Mixed animal
  • Equine
  • Chart: Major Market Segmentation for the Veterinary Services in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Veterinary Services in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Veterinary Services in Texas Industry

  • VCA Inc., Kyle Animal Hospital, Texas Veterinary Hospitals, The Alvarado Veterinary Clinic,
  • Table: VCA Inc. - financial performance
  • Table: Kyle Animal Hospital - financial performance
  • Table: Texas Veterinary Hospitals - financial performance
  • Table: The Alvarado Veterinary Clinic - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Veterinary Services in Texas 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 Texas Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income in Texas (2008-2022)

  • 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?

    IBISWorld’s industry research report on Veterinary Services in Texas can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Texas:
    • 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 Texas 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 Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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