+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Veterinary Services in the US - Market Research Report (2014-2029)

  • PDF Icon

    Report

  • 80 Pages
  • October 2024
  • Region: United States
  • IBISWorld
  • ID: 239677

Animal house: More owners will purchase pet health insurance, enabling them to pay for high-cost services

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 key players and their market shares.

In recent years, rising pet ownership and advancing technology in veterinary medicine greatly benefited veterinarians. Improving medical technologies and procedures enabled veterinarians to purchase enhanced diagnostic tools to perform specialized medical procedures in-house. Many practices now offer ophthalmology, internal medicine, surgery, dentistry and other specialty services. Industry-wide revenue has been growing at a CAGR of 4.1% over the past five years and is expected to total $63.6 billion in 2023, when revenue will jump by an estimated 1.2%.

The Veterinary Services industry includes establishments of licensed veterinary practitioners that 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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Vca Inc.
  • Banfield
  • Blue Pearl

Methodology

Loading
LOADING...