Veterinary Industry

The United Kingdom’s veterinary market is growing, including therapeutic products and solutions for companion and farm animals, while highly fragmented and competitive (Mordor Intelligence, 2023). The surging consumer awareness about animal health and welfare has protected the industry from volatile economic conditions (Ibis World, 2022).

Nevertheless, vet staff shortages have become a critical weakness. The British Veterinary Association (BVA) is highlighting a storm of shortages after the workforce saw a drop of more than two-thirds in new EU registrants coming to work in the UK in two years. According to BVA, this drop could result in wide-ranging direct and knock-on impacts across the sector (British Veterinary Association, 2022).

On the other hand, pet ownership rates in the country are anticipated to increase over the next five years (2022-2027), enhancing demand for industry services. Additionally, increasingly advanced medical, surgical and diagnostic procedures and the growing availability of new drugs are expected to increase the range of services veterinarians can provide, further contributing to revenue growth. Veterinary professionals are expected to become increasingly specialised, obtaining qualifications in niche areas, such as ophthalmology and soft tissue surgery (Ibis World, 2022).

Our clients in the industry