Veterinary Services – Industry Analysis, Statistics, Trends, and Forecasts
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
- Market size and major product and service segments
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
Advanstar Communications, Inc.
DVM360
https://www.dvm360.com/
Monthly trade journal and online resource features news and information for veterinary professionals, with online content categorized by topic (e.g., news, clinical, business, expert videos, hospital design, continuing education, and conferences) and practice role (e.g., owners, practice managers, students, associates, and technicians). Selected articles from current and past issues are available free online.
American Animal Hospital Association
Trends Magazine
https://www.aaha.org/
Monthly magazine features news and information for veterinary practice owners and managers, with topics addressed in various issues of the magazine including industry trends, business management practices, patient care strategies, practice protocols, tips, and techniques, and article abstracts from the AAHA's professional journal. Print and digital subscriptions are available free to AAHA members.
American Veterinary Medical Association
Resources available from this organization include:
Market Research Statistics
https://www.avma.org/
Annual market research reports provide demographic statistics for veterinarians employed by private clinical
practices (by species category) and public and corporate employers
(by type of employer) as well as the number of
board-certified veterinarians by certifying organization and certification earned.
Current and prior reports and additional information on board certifications can
be viewed free online.
Economic State of the Profession
https://www.avma.org/
Three-part volume provides a summary of the economic state of the
profession and examines major trends in education, employment, and services,
with information provided including new veterinarian income, debt, and
factors affecting these measures, experienced veterinarian incomes, employment,
and job market, and key statistics and
trends relating to veterinary workforce, practice, and services.
U.S. Pet Ownership & Demographics Sourcebook
https://www.avma.org/
Veterinary medical use and expenditures section of this sourcebook provides detailed information on
the number of visits, expenditures, services, and products provided
by type of pet-owning household (e.g., dog, cat, bird, horse,
and specialty and exotic). Executive summary, detailed table
of contents, and detailed listing of tables and figures for each section
of the publication can be viewed free online.
BizMiner
Veterinary Services Market Analysis
https://www.bizminer.com Search for "541940" to see available reports
Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.
For more industry research reports and other resources, see the following resource guide.
Financial Statements and Financial Ratios
Veterinary Services
https://www.bizminer.com Search for "541940" to see available reports
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
American Animal Hospital Association
Financial and Productivity Pulsepoints
https://ams.aaha.org/
Annual benchmarking survey allows users to compare their financial and operating performance with other firms, with data tables provided including demographics, staff, revenue, productivity, expenses, net income, and owner compensation and survey data analyzed by number of veterinarians, practice revenue, member status, and number of years in business. Table of contents is available free online.
Compensation and Salary Surveys
American Animal Hospital Association
Compensation and Benefits
https://ams.aaha.org/
Annual report provides compensation and benefits information for veterinarians, managers, and staff members, with compensation data for twenty job positions reported by employment status (e.g., full- time, part-time), number of full-time equivalent veterinarians, gross revenue, and metropolitan status (e.g., urban, suburban, rural). Introduction, preface, and table of contents can be viewed free online.
U.S. Bureau of Labor Statistics
Veterinary Services
https://www.bls.gov/oes/
Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for occupational job titles employed by organizations that provide health care services for companion and production animals, with services provided including routine examinations, vaccinations, surgical and non-surgical medical treatments, laboratory services, merchandise sales, and boarding services.
BV Guides and Databases
Simmons Educational Fund
Your Veterinary Practice: Buying, Selling, and Merging
https://www.simmonsinc.com/
Publication provides guidance on buying, selling, or merging a practice, with topics covered including valuing a practice for sale, selling to an associate or partner, negotiating the deal, tax considerations for sellers, sales contract between the buyer and seller, and planning a successful merger. Selected excerpts including table of contents, forward, and introduction can be viewed online at Amazon.com.
American Animal Hospital Association
Publications available from this organization include:
Valuation of Veterinary Practices
Lorraine Monheiser List
https://www.amazon.com/
Valuation guide offers insight into valuation theory and process for owners and
potential buyers, with content sections in this publication including the evolution of practice valuations,
what to expect from the valuation process, choosing an
appraiser, communicating effectively about appraisal reports, the valuation process
in-depth, what to look for in a valuation report, and a practice valuation case
study.
Buying A Veterinary Practice
Lorraine Monheiser List
https://ams.aaha.org/ Select
"Practice Ownership" category from drop-down menu
Comprehensive resource provides guidance on finding practices for sale, defining what is being sold, information
to request from a seller, analyzing the seller's information to determine whether
to buy or not, structuring and negotiating a transaction, arguments the seller may
raise, common errors buyers make, and obtaining financing
for the purchase transaction. Table of contents is available free online.
Agricultural Crop and Livestock Production
Pet Grooming and Boarding
Pet Stores and Shops
Zoos, Aquariums, and Botanical Gardens
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