In good health: Increased pet insurance and new technologies will raise demand for the industry's services
Emergency veterinary services provide care to livestock, equines and domesticated animals. As pet insurance coverage has soared, animal care utilization has increased, raising demand for emergency veterinary services and boosting revenue growth. Strong wage growth in the years immediately preceding the pandemic boosted per capita disposable income. This enabled households to spend more on laboratory tests and other forms of treatment when they took their pets to their local clinic, raising demand for the industry's services. Individuals didn't go out much during the pandemic since stadiums, businesses, bars and other establishments were closed, so people became very lonely. Loneliness increased the number of pets, which increased spending on emergency veterinary visits and caused revenue to rise in 2020.
Companies in this industry provide emergency veterinary services to livestock, equines and domesticated animals.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- VCA Inc.
Methodology
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