Market overview
The market size of the UK veterinary services industry has grown at a compound annual growth rate (CAGR) of 3.2% between 2017 and 2022.
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The market size of the UK veterinary services industry has grown at a compound annual growth rate (CAGR) of 3.2% between 2017 and 2022.
Read moreA fall in revenue across the industry discouraged investment, slowing the pace of acquisitions and consolidation in the short term. However, COVID-19 reversed this trend within the European veterinary sector, as revenues increased following the previously highlighted trends.
Read moreMoving forward, industry growth is projected to accelerate, with market size forecasted to increase across 2022-2027.
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The UK veterinary market has enjoyed large amounts of private equity investment in Europe, fostering large- scale buy-and-build strategies. More than half of veterinary practices in the UK are now owned by six companies, three of which are private equity owned.
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