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Veterinary Services in Colorado - Industry Market Research Report

  • ID: 4621369
  • Report
  • August 2018
  • Region: United States
  • 21 pages
  • IBISWorld
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No dog days: Increasing pet ownership in the state will benefit the industry

FEATURED COMPANIES

  • Banfield Pet Hospital
  • IDEXX Laboratories Inc.
  • VCA Inc.
  • MORE

Veterinary Services in Colorado

Over the five years to 2018, revenue for the Veterinary Services industry in Colorado is projected to increase. Demand for industry services during the current period was driven by increasing pet ownership at the state and national level. According to the American Pet Products Association's 2017-18 National Pet Owners Survey, 68.0% of US households own a pet and spent an estimated $69.5 billion on pet products and services in 2017 (latest data available). In Colorado, state operators benefited from increasing per capita income in the state. In addition, declining unemployment in the state during the majority of the current period enabled many pet owners to afford preventative care screenings and services. Overall, improving medical technologies and procedures enabled veterinarians to purchase updated and enhanced diagnostic tools to perform more specialized and less-invasive medical procedures in-house. During the five-year period to 2023, revenue is slated to grow. The outlook period for veterinarians in Colorado is expected to be characterized by increased demand for routine services for the state's growing companion animal population and a high degree of technological change. Advancements in animal medical technology is expected to expand the number of noninvasive surgeries a clinic can perform in-house rather than at an animal hospital. In addition, innovations in animal health biotechnology is likely to extend the average life span of dogs and cats, providing the state industry with steady demand over the next five years.

The Veterinary Services industry includes establishments of licensed veterinary practitioners who provide medical, dental or surgical treatment for animals. The industry also includes establishments that provide laboratory and diagnostic testing services for licensed veterinary practitioners. Companies that manufacture medical supplies or pharmaceuticals for animal treatment are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Banfield Pet Hospital
  • IDEXX Laboratories Inc.
  • VCA Inc.
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • VCA Inc.
  • IDEXX Laboratories Inc.
  • Banfield Pet Hospital
  • Deer Creek Animal Hospital
Note: Product cover images may vary from those shown
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