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2018 Market Analysis & Industry Outlook: Veterinary Services

Overview of the U.S. Veterinary Services Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Veterinary Services: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Veterinary Services industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Pet Care Services

Pet Grooming Services

Pet Boarding Services

Pet Funeral Services

Other Pet Care Services

Veterinary Services

Routine Veterinary Examinations

Surgical Treatment Of Animals

Non-Surgical Treatment Of Animals

Veterinary Laboratory Services

Veterinary Inspection And Disease Investigation Services

Resale Of Merchandise

Resale Of Other Merchandise

Resale Of Pet And Animal Supplies

All Other Receipts

All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Veterinary Services by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Veterinary Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Veterinary Services industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Veterinary Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 1%

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Chief Executives0%
General and Operations Managers1%
Healthcare Practitioners and Technical Occupations 44%
Health Diagnosing and Treating Practitioners 18%
Veterinarians 18%
Veterinarians 18%
Health Technologists and Technicians 27%
Health Practitioner Support Technologists and Technicians 27%
Veterinary Technologists and Technicians 27%
Healthcare Support Occupations 19%
Other Healthcare Support Occupations 19%
Miscellaneous Healthcare Support Occupations 19%
Veterinary Assistants and Laboratory Animal Caretakers 19%
Personal Care and Service Occupations 8%
Animal Care and Service Workers 8%
Nonfarm Animal Caretakers 8%
Nonfarm Animal Caretakers 8%
Office and Administrative Support Occupations 26%
Information and Record Clerks 16%
Receptionists and Information Clerks 14%
Receptionists and Information Clerks 14%
Source: Bureau of Labor Statistics

Veterinary Services Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • American Veterinary Medical Association trademarks "STUDENT AMERICAN VETERINARY MEDICAL ASSOCIATION" - Printed publications - 01/05/2018
  • Atlas Vet LLC. trademarks "ATLASVET" - Veterinary services - 12/15/2017
  • Nah Partners trademarks "THE PET EXPERTS" - Veterinary services - 12/06/2017
  • Jaguar Animal Health raises $1 million in funding. - 08/30/2017
  • Jaguar Animal Health patents Methods Of Treating Diarrhea In Adult Non-human Animals - 05/04/2017
  • Vca patents Methods And Systems For Tracking And Representing Medical Information - 09/15/2016
  • Aratana Therapeutics patents Compositions And Methods For Chronic Use Of A Weight-gaining Compound - 07/28/2016
  • Heska raises $4 million in funding. - 06/06/2016
  • Pet Partners raises $4 million in funding. - 05/11/2016

  • Top Innovators

    CompanyInnovation Score
    Aratana Therapeutics32
    Jaguar Animal Health14
    Burlington HC Research Group
    American Veterinary Medical Association

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Purged from Ohio’s voter rolls, this Navy vet has his day at the Supreme Court - RELATED: The Supreme Court appears likely to approve Ohio's voter purging As many states do, Ohio compares change-of-address data from the U.S. Postal Service with its state registration list to identify voters who have moved without updating their addresses. (01/10/2018)
    • Would You Donate Your Cat’s Body to a Vet Education Program? - If you live close to a veterinary college that offers such services, you might consider donating your cat’s body to contribute to the education of the veterinary students who will one day help countless animals during their careers. Body donation might ... (01/10/2018)
    • Veterans Services office opens at Pentagon; state program reaches vet hiring goal - FILE - In this March 27, 2008 file photo, the Pentagon is seen in this aerial view in Washington. Virginia is home to the fourth largest military and veteran population in the nation, many of whom work at the Pentagon. (AP Photo/Charles Dharapak, File ... (01/10/2018)
    • World War II vet reflects on flight missions, capture - Andrew Innocenzi flew a P-51 Mustang and was addressed as Lt. Andrew Innocenzi during his service in World War II. He flew 30 missions and accumulated 135 combat hours to his credit. Innocenzi won’t discuss how many “targets” he may have hit ... (01/10/2018)
    • Swedish Veterinary Chain Orders Sectra Cloud-based PACS to Achieve Unified Solution for all Images - Approximately 100,000 examinations per year will be handled by the solution, which is sold as a service and thus paid per examination. About Sectra enterprise imaging With more than 25 years of innovation and 1,700 installations, Sectra is a leading global ... (01/10/2018)
    • Five hospitals join Southern Veterinary Partners - Southern Veterinary Partners believes that leveraging its infrastructure allows the hospitals in its network to focus on medicine and their patients to facilitate best-in-class veterinary services and exceptional client experiences. (01/09/2018)
    • Vet Online Supply New Year Kick-Off Statement from the Chairman - Daniel Rushford, the Chairman of the Board and Chief Executive Officer stated, “I have been working with canine breeding and veterinary services for the past 15 years through my company,, and I bring 20 years of successful ... (01/09/2018)
    • VA sued after vet died while waiting for heart surgery - than local non-VA hospitals as we are continually striving to improve our service and efficiency,” the paper reported. That statement also said that it “mourns the loss of every veteran.” Walker’s obituary said he joined the Air Force and served ... (01/08/2018)
    • Bamboozled: Hush money? After veterinary mishap, consumer says 'They can't buy our silence' - A tool malfunctioned during the surgery, she said the vet told her. Nico needed a facility with 24-hour ... prohibits companies from having non-disparagement clauses in contracts or terms of service. It came into play after several companies added these ... (01/08/2018)
    • Vet Services swears in member - ST. CLAIRSVILLE — As the Belmont County Veterans Services Commission continues to help military veterans find their place in civilian life, Kevin West will keep playing a role in that important work. West was sworn in Friday for his second five-year term ... (01/06/2018)

    Government Contracts

    In 2016, the federal government spent a total of $73,856,788 on Veterinary Services. It has awarded 707 contracts to 170 companies, with an average value of $434,452 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Hospitals, animal, Veterinary testing laboratories, Disease testing services, veterinary, Veterinary services, Vaccination services, Animal hospitals, Veterinarians' practices, Livestock veterinary services, Veterinary clinics, Small animal veterinary services, Laboratory testing services, Surgery services, Livestock inspecting and testing services, Surgeons' offices, livestock, pets and other animal specialties, Pet hospitals, Testing laboratories, Internists' offices, Veterinarians' offices, Testing services for veterinarians, etc.

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