Overview

The 28,000 veterinary practices in the US provide preventative, medical, and surgical care for a wide variety of animals. Most veterinary practices are small, independent operations – 91% have a single location, and 87% have fewer than 20 workers. Most practices are private practices and are owned by a licensed veterinarian. Some vets focus on large animals and livestock and work at the client's location.

High Capital Costs

Diagnostic equipment and full laboratory set-ups can require a significant investment.

Competition For Pet-Related Merchandise

Sensing profit potential, retailers of other products are stocking pet products and using aggressive pricing strategies.