Demand for veterinary services has been promoted by growing awareness of animal health issues and the availability of advanced surgical and diagnostic procedures. However, pet ownership is declining in Australia, partly due to a trend toward medium- to high-density housing. Also, in recent years many households have clamped down on their discretionary spending, including on pets and veterinary services.
In 2012-13, the Veterinary Services industry is expected to generate revenue of $2.55 billion, up 1.4% compared with 2011-12. The industry is expected to contribute about $1.42 billion to the Australian economy, accounting for an estimated 0.1% of GDP.This industry is made up of veterinary practitioners and animal hospitals. Veterinarians are skilled in medicine and surgery pertaining to animals. Private veterinary practice can be divided into rural practice (mainly focused on farm animals) and town practice (mainly treating companion animals).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.