Veterinary Services in the UK - Industry Market Research Report
Description
Veterinary Services in the UK
Over the five years through 2022-23, industry revenue is expected to increase at a compound annual rate of 2.9% to reach £5.6 billion. Rising pet ownership has boosted demand for veterinary care. The expansion in the range of services, the growing popularity of pet insurance and the law making the microchipping of dogs compulsory in 2016 have also supported growth. In addition, tightening health and safety regulations relating to meat products have supported demand. The industry has transformed, with larger conglomerates acquiring small practices, increasing the market share concentration considerably. The industry has also attracted the interest of private equity firms, contributing to further consolidation during the period, with many of the largest players now majority-owned by UK and international private equity firms.
This industry provides healthcare and control activities primarily for farm animals and pets. Activities are carried out by qualified veterinary surgeons in veterinary hospitals, on farms or in surgeries. The industry also includes animal ambulance activities. Animal boarding activities and artificial insemination 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.
Over the five years through 2022-23, industry revenue is expected to increase at a compound annual rate of 2.9% to reach £5.6 billion. Rising pet ownership has boosted demand for veterinary care. The expansion in the range of services, the growing popularity of pet insurance and the law making the microchipping of dogs compulsory in 2016 have also supported growth. In addition, tightening health and safety regulations relating to meat products have supported demand. The industry has transformed, with larger conglomerates acquiring small practices, increasing the market share concentration considerably. The industry has also attracted the interest of private equity firms, contributing to further consolidation during the period, with many of the largest players now majority-owned by UK and international private equity firms.
This industry provides healthcare and control activities primarily for farm animals and pets. Activities are carried out by qualified veterinary surgeons in veterinary hospitals, on farms or in surgeries. The industry also includes animal ambulance activities. Animal boarding activities and artificial insemination 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
47 Pages
- 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
Major Markets
Globalisation & Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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