2025 Veterinary Services Industry Report

Market Size and Industry Forecast

The Veterinary Services industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Veterinary Services industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
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



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.

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.

Distribution by Company Size

Company Size	All Industries	Veterinary Services
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Veterinary Services Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent 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

Financial Ratio Analysis

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

Financial Ratio	Industry 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 Industry Product Mix

Product Description	Description	Revenue ($ 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 Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	1%
Chief Executives	%
General and Operations Managers	1%
Healthcare Practitioners and Technical Occupations	43%
Health Diagnosing and Treating Practitioners	17%
Veterinarians	17%
Veterinarians	17%
Health Technologists and Technicians	26%
Health Practitioner Support Technologists and Technicians	26%
Veterinary Technologists and Technicians	26%
Healthcare Support Occupations	20%
Other Healthcare Support Occupations	20%
Miscellaneous Healthcare Support Occupations	20%
Veterinary Assistants and Laboratory Animal Caretakers	20%
Personal Care and Service Occupations	9%
Animal Care and Service Workers	9%
Nonfarm Animal Caretakers	9%
Nonfarm Animal Caretakers	9%
Office and Administrative Support Occupations	25%
Information and Record Clerks	16%
Receptionists and Information Clerks	14%
Receptionists and Information Clerks	14%

Government Contracts

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.

Top Companies in Veterinary Services and Adjacent Industries

Company	Address	Revenue ($ Millions)