In good health: Increased pet insurance and new technologies will benefit industry demand

Over the five years to 2017, the Emergency Veterinary Services industry benefited from increased pet ownership nationwide. Thanks to many companion animals being treated as family members, many individuals were willing to spend more on high-cost emergency services to ensure the health of their pets. Emergency veterinary practices provide high-cost treatments, including time-sensitive surgical procedures such as liver shunt correction, fracture repairs, exposure to toxic substances, removal of cancerous masses and organ biopsies. Furthermore, new medical technologies and product innovations expanded industry operators' product portfolios...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
3.9%
Forecast Growth 17-22
Profit
Employment
52,490
Businesses
7,830
Market Share of Companies

Industry Threats & Opportunities

  • New medical technologies and product innovations expanded industry operators’ product portfolios
  • Livestock inspection has become a more prominent practice among veterinarians
  • Companies are sponsoring pet insurance as a part of employee benefit plans
  • Industry Report - Industry Key Buyers Chapter

    The Emergency Veterinary Services industry is highly fragmented. Overall, the industry exhibits low market share concentration, which can be attributed to many emergency care veterinarians catering to local communities. Outside of local practices, some veterinarians specialize in providing emergency veterinary services for particular animals, such as exotic animals (e.g. snakes and lizards), equine or pets (e.g. cats and dogs). The industry is characterized by many single-site, sole-practitioner facilities.However, over the next five years, market share concentration is expected to rise in line with the emergence of more group practices. For example, multi-practitioner practices enable technicians and veterinarians to provide streamlined critical care. As ...purchase to read more.

    Additional Insights for the Emergency Veterinary Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Emergency Veterinary Services 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 the Emergency Veterinary Services industry impact industry performance..

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    What's in this report

    What is the Emergency Veterinary Services Industry?

    Companies in this industry provide emergency veterinary services to livestock, equines and domesticated animals.

    Industry Products
  • Surgical treatments
  • Nonsurgical treatments
  • Laboratory services
  • Industry Activities
  • Performing emergency clinical procedures on animals
  • Performing emergency diagnostic tests on animals
  • Performing emergency surgical procedures on animals
  • Distributing medicine for animals
  • 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
  • External competition
  • Technological change
  • Threat of disease in livestock

  • Current Performance
  • Evolving technology and lengthening lifespans
  • Competition intensifies
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Larger practices characterize the industry’s landscape
  • Pet insurance and external competition
  • Table: Emergency Veterinary Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Emergency Veterinary Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Hog & Pig Farming
  • Sheep Farming
  • Horse & Other Equine Production
  • Consumers

  • Key Selling Industries
  • Inorganic Chemical Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Organic Chemical Manufacturing

  • Products & Services
  • Nonsurgical treatments
  • Laboratory services
  • Surgical treatments
  • Chart: Emergency Veterinary Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Companion animal exclusive
  • Companion animal predominant
  • Mixed animals
  • Other
  • Equine
  • Food animal predominant
  • Food animal exclusive
  • Chart: Major Market Segmentation for the Emergency Veterinary Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent, utilities and depreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Emergency Veterinary Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Emergency Veterinary Services Industry

  • Industry Globalization
    VCA Inc.,
  • Table: VCA Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Emergency Veterinary Services 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 Emergency Veterinary Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of pets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Companion Animals
  • Animals that are held as household pets.
  • Diagnostic
  • Identifying a particular disease.
  • Livestock
  • One or more domesticated animals raised in an agricultural setting to produce commodities like food, fiber and labor.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Emergency Veterinary Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

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

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