NAICS 54194 - Veterinary Services
This industry comprises establishments of licensed veterinary practitioners primarily engaged in the practice of veterinary medicine, dentistry, or surgery for animals; and establishments primarily engaged in providing testing services for licensed veterinary practitioners.
Industry trends:
The veterinary services industry (NAICS 54194) is experiencing several qualitative trends that are shaping its immediate and near future. There is an increasing demand for pet care services, driven by a growing pet ownership trend and greater emphasis on pet health and wellness. This is expected to persist, boosting market growth. Additionally, technological advancements such as telemedicine and AI-based diagnostic tools are transforming the way veterinary services are delivered, making them more accessible and efficient.
Another trend is the rise of specialized veterinary practices, catering to niche markets such as exotic animals, dental care, and oncology. Sustainability practices are also coming to the forefront, with clinics adopting eco-friendly operations and products. The humanization of pets continues, leading to higher spending on advanced treatments and preventive care.
In terms of forecasts, the industry is likely to see continued growth, with a steady increase in both the number of veterinary clinics and expenditure on pet health. Mergers and acquisitions are expected to rise as larger entities seek to consolidate market share. Overall, the future looks promising for the veterinary services sector, with innovation and expanding pet owner expectations driving progress.
This industry is comprised of:
Animal hospitals
Disease testing services, veterinary
Hospitals, animal
Internists' offices, veterinary
Laboratory testing services, veterinary
Livestock inspecting and testing services, veterinary
Livestock veterinary services
Pet hospitals
Small animal veterinary services
Surgeons' offices, veterinary
Surgery services, veterinary
Testing laboratories, veterinary
Testing services for veterinarians
Vaccination services, veterinary
Veterinarians' offices
Veterinarians' practices
Veterinary clinics
Veterinary services
Veterinary services, livestock
Veterinary services, pets and other animal specialties
Veterinary testing laboratories
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- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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