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Veterinary Services Industry: Statistics, Market Size, Forecast

Veterinary Services - Market Size and Industry Forecast

The 2021 Veterinary Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Revenues include both public and private companies in the veterinary services industry.

HistoricalForecasted
20162017201820192020202120222023202420252026
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Veterinary Services - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Veterinary Services companies in the United States.

Veterinary Services Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesVeterinary Services
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Veterinary Services - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Veterinary Services - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Veterinary Services - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Veterinary services
Non-surgical treatment of animals
Routine veterinary examinations
Surgical treatment of animals
Veterinary laboratory services
Resale of merchandise
Resale of animal food, medication, & other merchandise
Pet care services
Veterinary inspection & disease investigation services

Veterinary Services - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations1%

Chief Executives%
General and Operations Managers1%
Healthcare Practitioners and Technical Occupations43%
Health Diagnosing and Treating Practitioners17%
Veterinarians17%
Veterinarians17%
Health Technologists and Technicians26%
Health Practitioner Support Technologists and Technicians26%
Veterinary Technologists and Technicians26%
Healthcare Support Occupations20%
Other Healthcare Support Occupations20%
Miscellaneous Healthcare Support Occupations20%
Veterinary Assistants and Laboratory Animal Caretakers20%
Personal Care and Service Occupations9%
Animal Care and Service Workers9%
Nonfarm Animal Caretakers9%
Nonfarm Animal Caretakers9%
Office and Administrative Support Occupations25%
Information and Record Clerks16%
Receptionists and Information Clerks14%
Receptionists and Information Clerks14%

Government Contracts

In the past, the federal government spent an annual total of $73,856,788 on the veterinary services industry. It has awarded 707 contracts to 170 companies, with an average value of $434,452 per company.

Veterinary Services and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Veterinary Services Industry Report
GeographyUnited States  
Publication DateNovember 2021
Report FormatPDF Download  
Price

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