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Veterinary Services in the US - Industry Market Research Report

Publisher IBISWorld
Published Mar 18, 2025
Length 49 Pages
SKU # IBSS19911393

Description

Veterinary Services in the US

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.

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."

Table of Contents

49 Pages


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

Pricing

Currency Rates
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