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Australia veterinary services market driven by the need to look after 33 million pets

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Veterinary Services in Australia: ISIC 852 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-02 06:54:02
With every second household in Australia owning a pet, in 2010 the country´s market for veterinary services was valued at A$4.3 billion, showing an average 11% increase over the review period of 2000-2010. The services in the reviewed market were mainly purchased by households, which accounted for 73% of total market value in 2010.

This huge share is natural given that in Australia there are currently an estimated 33 million pets. Local people owned more than three million dogs, or 36% of households owning a dog, and more than two million cats, or 23% of households owning a cat. In addition, there are approximately 18 million fish, eight million birds and over one million other pets, including horses, rabbits, guinea pigs and other small animals.

With just over eight million households, Australia has one of the highest incidences of pet ownership in the world. However, Australia´s pet ownership is behind the US, where 40% of households own a dog and 33% a cat.

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