Veterinary Services in Australia: Market Research Report Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends Veterinary Services Market Research Report
Ahead of the pack: Growth in the uptake of premium vet services has boosted revenue
IBISWorld’s Veterinary Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.
Several factors have promoted demand for the Veterinary Services industry over the past five years. These include higher pet insurance uptake, growing awareness of animal health issues, and the increasing availability of advanced surgical and diagnostic procedures for animals. Due to higher incomes and insurance levels, people have been increasingly willing to spend more on vet procedures to prolong their pets' lives. Despite declines in dog and cat pet ownership per capita over the past five years, the industry has expanded due to higher expenditure on companion animal vet care. Further increases in pet insurance and higher pricing over the next five years are expected to drive industry revenue growth through 2021-22... purchase to read more
Industry Report - Industry Products Chapter
Veterinary practices' activities can be divided into the types of services provided to animal owners, depending on the priority and urgency of the services. These segments include routine, planned and emergency veterinary services. Industry products and services also include merchandise sales and other veterinary services.
Routine veterinary services
Routine veterinary services provided by the industry include basic procedures, such as annual and random check-ups, vaccinations, flea treatments, and basic dentistry work. These can be provided to companion animals and livestock. Income from routine veterinary services is expected to have increased in the past five years as a proportion of industry revenue due to segment pricing increases and volume growth... purchase to read more
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