Do you know how much Americans spend on veterinary care for their pets? In our latest installment of interesting stats on payments and technology from popular industries, we’re focusing on the veterinary industry.
The global veterinary services market is projected to reach $200 billion in 2020. Globally, a little under 40% of the work performed by animal hospitals and clinics is routine examinations. Another nearly 40% is non-surgical procedures, and the remaining 20% or so is surgical procedures.
The average cost for unexpected veterinary care for dogs and cats is between $800 and $1,500. Visits to the veterinarian per pet per year have remained fairly stable for a decade or longer: 1.5 times per dog, 0.7 times per cat, 0.1 times per bird, 0.7 times per horse, and 0.02 times per specialty or exotic pet in 2016.
In the United States, the estimated job growth for the veterinary industry from 2016 to 2026 is 18.8% (far higher than the average rate of national job growth at 7.4%). In 2018, Americans spent $18.11 billion on veterinary care. That’s a lot of payments to manage. We can help - check out our practice management solutions, and contact us today.
