US Veterinary Services Market Report 2017

The USA had the highest GDP in the world worth about $18.9 trillion accounting for 25% in $74.5 trillion global GDP.
USA had dog population of 69 million and cat population of 74 million in the year 2015. In 2014, the country had a livestock population of around 2.4 billion. In 2012, the percentage of households owning dogs was 36.5% and that of cats was 30.4%.

Veterinary services provide healthcare for animals - especially pets, farm animals, and animals kept in zoos and wildlife parks. This market comprises licensed veterinary practitioners who practice veterinary medicine, dentistry or surgery for animals.

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Description
Where is the largest and fastest growing market for veterinary services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The veterinary services global market report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider healthcare services market, and compares it with other markets.
‧ The market characteristics section of the report defines and explains the market.
‧ The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
‧ Market segmentations break down market into sub markets that are Animal Hospitals and Veterinary Clinics, and Veterinary Laboratory Testing Services.
‧ The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
‧ Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
‧ The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
‧ The veterinary services market section of the report gives context. It compares the veterinary services market with other segments of the healthcare services market by size and growth, historic and forecast. It analyses Expenditure Per Capita, Expenditure Per Household, Veterinary Services Indicators Comparison, Pet Population across selected countries.

Scope

Markets covered: Animal Hospitals and Veterinary Clinics, Veterinary Laboratory Testing Services.

Markets compared: Hospitals and Outpatient Care Centers, Home Health and Residential Nursing Care Services, Medical and Diagnostic Laboratory Services, Physicians and Other Healthcare Practitioners, Dental Services, Residential Substance Abuse and Mental Health Facilities, Veterinary Services.

Companies mentioned: VCA (all based in the US), Benfield Pet Hospital, Greencross Vets (Australia), CVS Group (UK), The Bergh Memorial Animal Hospital, The Animal Medical Center and others.

Countries: USA

Regions: Americas

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, population, GDP, Veterinary Services Indicators Comparison, Pet Population.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

1. Veterinary Services Market Characteristics 8
Animal hospitals 8
Veterinary surgical services 8
Veterinary laboratory testing services 8
Veterinary clinics 8
2. USA’s Veterinary Service Market 9
2.1. USA’s Veterinary Services Market 9
2.1.1. USA’s Veterinary Services Market Overview 9
2.1.2 USA’s Veterinary Services Historic Market, 2012 – 2016 11
2.1.3 USA’s Veterinary Services Forecast Market, 2016 – 2020 12
2.1.4 USA’s Veterinary Services Market Size By Segment 13
Animal Hospitals And Veterinary Clinics 13
Veterinary Laboratory Testing Services 13
2.1.5 USA’s Market Size By Animal Type 14
Livestock 14
Pets 14
2.1.6 USA’s Average Veterinary Services Revenue Per Animal, 2012-2020, $ 15
3. Veterinary Services Market Global Context 17
3.1 Veterinary Services Market Size and Growth 17
3.2 Historic Market Growth 17
3.2.1 Drivers Of The Market 18
Emerging Markets Growth 18
Increased Pet Spending 18
Increased Pet Ownership By Gen X and Gen Y adults 18
Certification To Export Meat Products – 18
3.2.2 Restraints On The Market 18
Shortage of Veterinarians 18
Cost 18
Lack Of Governmental Support 19
3.3 Forecast Market Growth 19
3.3.1 Drivers Of The Market 19
Economic Growth 20
Wildlife Conservation 20
Technology 20
Rising Livestock Population 20
More Stringent Livestock Regulations 20
3.3.2 Restraints On The Market 20
Interest Rate Increases 20
Global Warming 20
4. Porter’s Five Forces Model 22
4.1 Threat Of New Entrants 23
4.2 Threat Of Substitutes 23
4.3 Bargaining Power Of Buyers 24
4.4 Bargaining Power Of Suppliers 24
4.5 Industry Competition 25
5. PESTLE Analysis 26
5.1 Political Factors 26
5.2 Economic Factors 27
5.3 Social Factors 27
5.4 Technological Factors 28
5.5 Legal Factors 29
5.6 Environmental Factors 29
6. Veterinary Services Market Segmentation 30
6.1 Global Segmentation 30
Animal Hospitals And Veterinary Clinics 30
Veterinary Laboratory Testing Services 30
6.2 Animal Hospitals 31
6.2.1 Market Characteristics 31
6.2.2 Market Trends And Strategies 31
Big Data In Veterinary Care 31
Wearables’ To Monitor Pet Health 31
Premiumization Driving Veterinary Care Services 31
Stem Cells Therapy To Treat Animals 32
6.3 Veterinary Laboratory Testing Services 32
6.3.1 Market Characteristics 32
6.3.2 Market Trends And Strategies 33
Molecular Biology Advances Providing New Diagnostic Tools 33
Polymerase Chain Reaction (PCR) For Early Detection 33
Handheld Technology For Medical Examinations 33
7. Veterinary Services Market Regional Analysis 34
7.1 Global Veterinary Services Market, 2016, By Region 34
7.2 Global Veterinary Services Market, 2012- 2020, Historic and Forecast, By Region 35
8. Global Veterinary Services Market Comparison With Macro Economic Indicators 37
8.1 Veterinary Services Market Size, Percentage Of GDP, Global 37
8.2 Per Capita Average Veterinary Services Expenditure, Global 38
9. Veterinary Services Market Comparison With Macro Economic Factors Across Countries 39
9.1 Veterinary Services Market Size, Percentage Of GDP, By Country 39
9.2 Per Capita Average Veterinary Services Expenditure, By Country 40
10. Veterinary Services Indicators Comparison 41
10.1 Animal Population by Country 41
10.2 Average Veterinary Services Revenue Per Animal, By Country, $ Billion 42
11. Global Veterinary Services Market Competitive Landscape 43
11.1 Company Profiles 44
11.2 VCA 44
11.2.1 Overview 44
11.2.2 Products And Services 44
11.2.3 Strategy 44
11.2.4 Financial Performance 44
11.3 Banfield Pet Hospital 45
11.3.1 Overview 45
11.3.2 Products And Services 45
11.3.3 Strategy 46
11.3.4 Financial Performance 46
11.4 Greencross Limited 46
11.4.1 Overview 46
11.4.2 Products And Services 46
11.4.3 Strategy 47
11.4.4 Financial Performance 47
11.5 CVS Group plc 48
11.5.1 Overview 48
11.5.2 Products And Services 48
11.5.3 Strategy 48
11.5.4 Financial Performance 49
11.6 The Bergh Memorial Animal Hospital ASPCA 49
11.6.1 Overview 49
11.6.2 Financial Performance 50
11.7 The Animal Medical Center 51
11.7.1 Overview 51
11.7.2 Products And Services 51
11.7.3 Financial Performance 51
12. Veterinary Services Market Customer Information 53
13. Key Mergers and Acquisitions In The Veterinary Services Market 55
14. Veterinary Services Market Trends and Strategies 56
Electronic Health Records 56
Insurance Services Aiding Pet Owners 56
Specialty Services 56
Portable Technology 56
Industry Consolidation 56
15. Market Background: Global Healthcare Market 58
15.1.1 Healthcare Market Characteristics 58
15.1.2 Healthcare Market Historic Growth 59
15.1.3 Healthcare Market Forecast Growth 60
15.1.4 Healthcare Market Segmentation 61
Healthcare Services 61
Pharmaceutical 61
Medical Equipment 61
15.1.5 Number Of Mergers And Acquisitions In The Healthcare Industry 63
15.1.6 Healthcare Services Market Characteristics 64
15.1.7 Healthcare Services Market Historic Growth 65
15.1.8 Healthcare Services Market Forecast Growth 66
15.1.9 Healthcare Services Market Segmentation 67
Hospitals And Outpatient Care Centers 67
Physicians And Other Healthcare Practitioners 67
Home Healthcare And Residential Nursing Care Services 67
Medical And Diagnostic Laboratories 67
Dental Services 67
Substance Abuse And Residential Mental Health 67
Veterinary Services 67
16. Appendix 69
16.1 NAICS Definitions Of Industry Covered In This Report 69
16.2 Abbreviations 70
16.3 Currencies 70
16.4 Research Methodology 70
16.5 Research Inquiries 71
16.6 The Business Research Company 72
16.7 Copyright and Disclaimer 72