$14.0bn
$X.Xbn
400k
41,687
$X.Xbn
Emergency veterinary services provide care to livestock, equines and domesticated animals. As pet insurance coverage has soared, animal care utilization has increased, raising demand for emergency veterinary services and boosting revenue growth. Strong wage growth in the years immediately preceding the pandemic boosted per capita disposable income. This enabled households to spend more on laboratory tests and other forms of treatment when they took their pets to their local clinic, raising demand for the industry's services. Individuals didn't go out much during the pandemic since stadiums, businesses, bars and other establishments were closed, so people became very lonely. Loneliness increased the number of pets, which increased spending on emergency veterinary visits and caused revenue to rise in 2020.As interest rates have increased, it's become more expensive for farmers to afford essential equipment. They've rationed veterinary services to pay for farm equipment and barns, so demand for the industry's services from livestock has declined in 2022, causing revenue to also fall. Overall, revenue for emergency veterinary service providers is anticipated to surge at a CAGR of 5.6% during the current period, reaching $14.0 billion in 2023. Revenue is expected to increase 5.4% in that year.Despite current challenges relating to high inflation and rising interest rates, economic growth will be strong during the outlook period. High GDP growth will boost per capita disposable income, boosting revenue. As the number of households increase, demand for pets will rise continuously in the near future, increasing demand for emergency veterinary services. Clinics will adopt new treatments such as endoscopy and laser surgery to boost the efficiency of their services. Higher efficiency will enable emergency veterinary service providers to see more customers, raising revenue for the industry. Demand for pet and dog breeding will decline as animal rights groups raise awareness about the industry's cruelty toward animals. As animal breeding falls, so does the number of pets, causing revenue to creep downward. Overall, revenue for emergency veterinary service clinics is forecast to increase at a CAGR of 3.5% during the outlook period, reaching $16.6 billion in 2028. Profit is expected to comprise 9.2% in that year.
Industry revenue has grown at a CAGR of 5.6 % over the past five years, to reach an estimated $14.0bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Vca Inc. | 347.6 | 47.5 | 13.7 |
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Industry revenue is measured across several distinct product and services lines, including Surgical treatments, Nonsurgical treatments and Laboratory services . Surgical treatments is the largest segment of the Emergency Veterinary Services in the US.
Demand for surgical treatments is dependent on the number of pets
Companies in this industry provide emergency veterinary services to livestock, equines and domesticated animals.
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NAICS 54194 - Emergency Veterinary Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Emergency veterinary service providers have performed very well during the current period because of surging demand for pet insurance.
Learn about an industry's products and services, markets and trends in international trade.
As nonsurgical treatments have become more affordable for veterinarians, its revenue share has surged recently. Weak demand for pets has reduced the need for surgical treatme...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast region comprises the largest share of the nation's population. Places with higher populations have more pets, so the number of veterinary clinics is high in the...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Since many clinics exist, there's significant internal competition among emergency veterinary service providers. Clinics compete based on reputation, quality of care, fee rat...
Learn about the performance of the top companies in the industry.
There are very few major players in this industry. Small clinics effectively compete with larger companies since they have a strong reputation in their local communities. Thi...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulation for emergency veterinary service providers is very hefty. Veterinarians must have a graduate degree and be certified in a particular state, while accreditation sta...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit responds to demand for pets. As the need for companionship rose during COVID-19, the number of pets increased in 2020, boosting profit. These trends reversed themselve...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Emergency Veterinary Services in the US industry in United States is $14.0bn in 2024.
There are 41,687 businesses in the Emergency Veterinary Services in the US industry in United States, which has grown at a CAGR of 1.1 % between 2018 and 2023.
The market size of the Emergency Veterinary Services in the US industry in United States has been growing at a CAGR of 5.6 % between 2018 and 2023.
Over the next five years, the Emergency Veterinary Services in the US industry in United States is expected to grow.
The biggest company operating in the Emergency Veterinary Services market in United States is Vca Inc.
Performing emergency clinical procedures on animals and Performing emergency diagnostic tests on animals are part of the Emergency Veterinary Services in the US industry.
The company holding the most market share in United States is Vca Inc..
The level of competition is moderate and increasing in the Emergency Veterinary Services in the US industry in United States.