In 2022, Australia's GDP was estimated to be $1.70 trillion, with the veterinary industry contributing approximately $3 billion to the economy. The industry employs over 10,000 people across the country and has been a significant contributor to Australia's economy. In this article, we will explore the factors contributing to the growth and success of the veterinary industry in Australia, key trends, including technological disruptions, challenges faced by the industry, and the future outlook.
Esco Industries is a vertically integrated manufacturer, designer and distributor of products for two independent and convergent markets; Medical engineering and Electrical distribution products. Our solutions are used by people in everyday lives doing their jobs within hospitals, from high intensives areas through to administration offices and within various other institutions through to commercial office environments. Our brands are recognised around the globe their innovation, performance and reliability. ESCO Medicon Leading medical electrical and gas equipment for hospitals, day surgeries, medical aged care, physiotherapy, veterinary and dental practices. Masrap Meditek Electrical accessories, medical electrical & switchgear solutions. Modempak Leading manufacturer and supplier of data cabinets and racks, skirting channel, recessed floor and desk boxes.
VETPARTNERS AUSTRALIA AND NEW ZEALAND
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+61 1800 881 864 (blank)
VetPartners is Australia and New Zealands leading vet care network. We bring together a community of more than 270 individual clinics and specialty hospitals, united by a commitment to providing compassionate patient-centred care. We support teams to learn and grow, with unmatched access to training, investment in innovation and equipment, and by providing essential services so that - together - we can focus on the most important priority: our patients. VetPartners gives you the support to have the veterinary career youve always wanted: to deliver care your way with a team you can trust, as part of a local community, connected nationally. When you join us, we grow together.
RSPCA SOUTH AUSTRALIA
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+61 1300 477 722 info@rspcasa.org.au
RSPCA South Australias role is to prevent animal cruelty, to protect animals, and to care for animals. We enforce the Animal Welfare Act, investigate reports of alleged animal cruelty, and prosecute cruelty offenders. We run community education programs, and lobby government and industry for improvements to legislation and animal welfare standards. We provide care for up to 10,000 sick, injured, abandoned and abused animals every year. Animals who often need specialised veterinary care, and behavioural rehabilitation to learn to love and trust again. We rely on the South Australian community to provide approximately 90% of our funding, and a team of more than 1,000 volunteers to help provide our services. It is only with the communitys ongoing support that we are able to be there for all creatures great and small.
PARAGON CARE GROUP AUSTRALIA PTY LTD
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+61 1300 369 559 info@paragoncare.com.au
Solutions combining innovation, reliability and insights. Paragon Care has become recognised as a leading provider of equipment, devices and consumables to the healthcare market. We also offer equipment repair, maintenance and total equipment management through Paragon Care Service & Technology. Our agility and experience enables you to provide the right solution to achieve the optimal outcome, today. Covering healthcare across four strategic pillars: Specialty Diagnostics: Clinically advanced solutions to Immunohaematology, Diagnostic and Scientific Laboratories. Specialty Devices: Clinically advanced solutions for Ophthalmology, Optometry and Orthopaedics. Capital & Consumables: Clinically advanced solutions for Urology, Neonatology, Surgery, Critical Care and Veterinary. Service & Technology: Paragon Care supports its customers with product, system and application related services throughout the entire lifecycle of the asset. Delivering the ultimate in healthcare, today an…
Petcover specialises in offering quality, straightforward pet insurance with a range of policy options that suit your needs. Whether your pet is big or small, furry or scaly our range of cover options are packed with added benefits. Accidents can happen at anytime and the reality of veterinary costs can come a quite a shock. That is why we are here to help cover the costs of those unexpected veterinary bills.
PHARMAUST
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+61 8 9202 6814 investorenquiries@pharmaust.com
PharmAust Limited is listed on the Australian Securities Exchange (code: PAA) and the Frankfurt Stock Exchange (code: ECQ). PAA is a clinical-stage company developing therapeutics for both humans and animals. The company specialises in repurposing marketed drugs lowering the risks and costs of development. These efforts are supported by PAAs subsidiary, Epichem, a highly successful contract medicinal chemistry company which generated $3.4 million in sales of goods & services in FY 2022. PAAs lead drug candidate is monepantel (MPL), a novel, potent and safe inhibitor of the mTOR pathway – a pathway having key influences in cancer growth and neurodegenerative diseases. MPL has been evaluated in Phase 1 clinical trials in humans and Phase 2 clinical trials in dogs. MPL treatment was well-tolerated in humans, demonstrating preliminary evidence of anticancer activity. MPL demonstrated objective anticancer activity in dogs. PAA is uniquely positioned to commercialise MPL for treatment of …
VETERINARY SPECIALISTS OF SYDNEY
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+61 2 8376 8767 info@vsos.com.au
Veterinary Specialists of Sydney are a leading and compassionate team of medical and surgical specialist veterinarians working at the cutting edge of veterinary care. Our specialists in veterinary medicine and surgery are internationally trained and bring affordable, world-class veterinary care to sick and vulnerable animals. We work with both vets and pet owners. We work in partnership with vets throughout Greater Sydney, providing mobile medical and surgical treatment. And through our brand-new 24 hour specialist and emergency hospital we give pet owners access to a state-of-the-art advanced treatment centre for emergencies and specialist care. The talented veterinary specialists and vet nurses at VSOS have an extraordinary determination to provide the very highest standard of care for vet practices and pet owners. This passion and determination is instilled in every member of the VSOS team. We are driven to provide the community with the best possible care for their beloved pets……
MEDIFIT DESIGN & CONSTRUCT
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+61 1300 728 133 marketing@medifit.com.au
AUSTRALIAS PREMIER DENTAL & MEDICAL DESIGN, FITOUT AND CONSTRUCTION PROVIDER. Over the past 19 years, Medifit has designed, built and fitted out over 600 practices for Dentists & Dental Specialists, General Practitioners, Specialist Surgeons, Day Surgeries, Veterinarians and other allied healthcare providers throughout Australia - with many of our projects on the Eastern seaboard of Australia. Medifit operates exclusively in the healthcare space in all major cities including regional areas. This specialisation has given us a clear understanding of the specific requirements for designing, building and fitting out practices that work. Whether a dental, medical, day surgery, specialist or a veterinary practice, you can be certain that a Medifit designed practice is the best possible design solution which is not only compliant with all relevant statutory requirements but also emulates the aesthetic you desire. Our experience ensures that nothing is overlooked. In an industry rife with c…
ITL HEALTH GROUP
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+61 1300 737 760 info@itlhealthgroup.com
ITL Health Group is an innovative global medical technology company, supplier and strategic partner that provides products and solutions to healthcare markets and empowers individual health management. ITL Health Group maintains two divisions including ITL BioMedical and MyHealthTest and is listed on the Australian Stock Exchange (ASX: ITD). Our IP portfolio of more than 50 patents sets standards for essential products through innovation and by leveraging market intelligence to optimise end-user safety and efficiency and meet stringent clinical demands and regulatory requirements. Our global footprint serves blood banks, hospitals and health systems, laboratories and veterinary and animal production facilities in more than 55 countries throughout N. America, S. America, Europe, Asia, Middle East and Australia. We are a growing provider of specialty ancillary products for the blood culture testing market estimated to be worth US$3.3b in 2016 growing to US$4.8b by 2021, via Marketsand…
CENTRE FOR ANIMAL REFERRAL & EMERGENCY (CARE)
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+61 3 9417 6417 admin@carevet.com.au
The Centre for Animal Referral & Emergency (CARE) is a veterinary specialist and 24-hour emergency centre, situated in Collingwood (3km from Melbourne CBD). CARE aims to provide gold-standard specialist and emergency veterinary care to companion animals of Victoria and beyond. Our goal is to provide diagnostic and treatment plans which achieve the best possible outcome for each case. We consider the unique requirements of each individual pet, their owners, and their primary care veterinarian. Opened in 2013, CARE is a rapidly growing centre with in-house 16-slice CT, ultrasound, digital subtraction fluoroscopy, computed radiography suite, in-house clinical pathology (serum biochemistry and blood-gas analysis, PT/APTT) and regular off-site access to MRI. We have a large specialist referral team that encompasses surgery, internal medicine, emergency and critical care, diagnostic imaging, neurology, and diabetes. Referral services are available by appointment from Monday to Friday dur…
SASH - THE SMALL ANIMAL SPECIALIST HOSPITAL
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+61 2 9889 0289 infosa@sashvets.com
When your pet needs specialist veterinary care, your local vet can refer you to SASH. Whether its an emergency situation or an ongoing problem, SASH have an expert team who offer a range of services. With around the clock care, our team are here to make sure your pet gets the high quality care they need. Treatment is tailored specifically to the needs of you and your pet. We have dedicated specialists who work alongside highly trained nurses and emergency veterinarians to solve your pets problem. Our veterinarians are also in touch with the latest treatment options and clinical trials in veterinary medicine. Assisting them is our dedicated and compassionate team of receptionists, highly trained nurses, residents and interns, along with our state of the art equipment. This includes on-site ultrasound, CT scans, and access to Magnetic Resonance Imaging (MRI) facilities. SASH also has purpose built surgical theatres with the latest technology for bone and joint surgery, soft tissue su…
THE ANIMAL REFERRAL HOSPITAL
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+61 3 9379 0700 (blank)
The Animal Referral Hospital (ARH) is a well-established and leading group of specialist and emergency veterinary hospitals. We offer a wide range of specialist services and provide 24-hour emergency and critical care throughout our facilities in Sydney NSW, Baulkham Hills NSW, Gosford NSW, Fyshwick ACT, Essendon Fields VIC and now in Sinnamon Park QLD. Services offered in our hospitals include internal medicine, surgery, medical oncology, radiation oncology, ophthalmology, dentistry, dermatology, animal behaviour, exotics and avian, diagnostic imaging (including CT, MRI, X-ray, ultrasound) emergency and critical care, and physiotherapy. The ARH employs over 500 staff including internationally recognised specialists, highly experienced vets, a strong and dedicated team of nurses and support staff. We strive for excellence in everything we do and as many of us are pet owners we aim to make our patients visits as comfortable as possible. At night, weekends and public hoildays ou…
Northside Veterinary Specialists provide veterinary specialist services in small animal medicine, surgery, radiology, cardiology and exotics to the practitioners of Sydneys Northern Beaches and North Shore. Surgical Clinicians; Eugene Buffa and Alen Lai (specialists) and Ross McGregor (registrar) Small animal medicine physicians; Dave Collins and Liz Thrift Diagnostic Imaging Specialists: Kathleen Chow, Sarah Davies and Mariano Makara Emergency overnight care by Northside emergency veterinary services (NEVS), Radiologists, and a skilled and compassionate nursing team, we provide a complete service which compliments and builds on services available in local veterinary general practices. Specialised equipment including a CT scanner, high quality ultrasound machines and ventilatory support for patients with respiratory compromise allows our specialists to provide the highest quality of care for small animal patients.
INDEPENDENT VETERINARY PATHOLOGY
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+61 7 3088 4080 admin@ivpath.com.au
Independent Veterinary Pathology is a non-corporate veterinary pathology service with innovative IT report delivery systems to ensure clinic pathology result management is streamlined. Our modern laboratory is located in Brisbane, Queensland with an extensive courier network that reaches right across Australia. We specialise in anatomical veterinary pathology, providing a cost effective, reliable and efficient diagnostic service. We provide a wide range of special stains and veterinary validated Immunohistochemistry. Our team collectively has more than 50 years experience in the anatomical pathology industry. We pride ourselves on a down to earth personalised service ensuring you and your clients are our number one priority.
DELTA LABORATORIES PTY. LTD.
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+61 2 4340 0200 info@deltalabs.com.au
Delta Laboratories Pty Ltd is one of Australias most diverse contract manufacturer of high quality consumer products across a range of categories such as Personal Care, Cosmetics, Pharmaceutical and Veterinary products, both sterile and non-sterile. It was awarded Contract Manufacturer of the Year for Australia 2015. The company is privately owned and operates under TGA, APVMA, ACO and USDA accreditations with Good Manufacturing Practice.
ADVANCED VETCARE
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+61 3 9092 0400 info@advancedvetcare.com.au
Advanced Vetcare is a specialist veterinary clinic and a 24hr animal emergency hospital only, servicing Greater Melbourne and surrounding suburbs and regional centres of Victoria. Our aim is to be an extension of your practice. We exist to partner your practice in providing a referral option when required for your patients. Advanced Vetcare is completely independent of any corporate veterinary groups and is owned by the specialists within the clinic. We aim to treat your clients and their pets exceptionally well on your behalf. Lets see how we can work together, visit our Veterinary Resources page for further information http://www.advancedvetcare.com.au/resources
ACURABIO
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+61 7 3273 9176 enquiries@acurabio.com
AcuraBio (formerly Luina Bio) is one of Australias most experienced biologics CDMOs, conveniently located in Brisbane, Queensland. We offer an inclusive set of services including process development and GMP manufacture of recombinant proteins, vaccines and live bio-therapeutics for human and veterinary use. We can produce material for pre-clinical studies and clinical trial GMP batches for Phase 1, 2 and 3 clinical studies. We have more than 20 years of contract manufacturing experience with a dedicated team of highly educated and trained personnel. We have worked with Australian, European, American and Asian clients supporting their development needs. We maintain a TGA/APVMA/OGTR inspected and approved facility that offers optimum flexibility to keep your development rate fast and your costs low while ensuring quality is never compromised.
KNOSE PET CARE
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+61 1300 356 642 info@knose.com.au
Knose Care is a FinTech start-up headquartered in Sydney, Australia. It offers veterinary businesses a full-service subscription management platform that includes banking, administration, communications, stock management, delivery and reporting. In addition, clients are provided full training and an included marketing program so all the vet has to do is confirm the services they want included and get back to seeing more pets.
WELLPET ANIMAL HOSPITALS
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+61 2 4733 3456 reception@wellpet.com.au
WellPet is committed to providing extraordinary care and service to our patient and clients, and an inspirational work environment for our team members. We have 3 general practice hospitals with state of the art equipment, and a 24-hour emergency and ICU hospital. We also have a local call centre to allow our clinical staff to focus on their patients and clients. Our team consists of 15 general practitioners, 2 visiting specialists (Small Animal Internal Medicine and Small Animal Surgery), 30 nurses, an HR manager, an Accountant, and an IT specialist. We have state of the art equipment, including a range of flexible and rigid endoscopes, multiparameter monitors, the complete IDEXX suite (including coagulation times, blood gases, and a urine sediment analyser), GE ultrasound, Valleylab electrosurgery unit, Sterrad Plasma Steriliser, Vacuum Autoclave with a separate steam generator, DR and CR radiology, and much more. We have grown continuously since starting in an empty warehouse …
THE AUSTRALIAN VETERINARY ASSOCIATION
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+61 1300 687 327 veted@ava.com.au
Official account for the Australian Veterinary Association - the national professional association for veterinarians, representing thousands of members from across Australia since 1921.
Top Veterinary Companies in Australia
Factors Contributing to the Growth and Success of the Veterinary Industry
The Australian government has played a crucial role in the growth and success of the veterinary industry by investing heavily in research and development. The government has increased funding to the industry, with a particular emphasis on developing innovative and sustainable solutions. This investment has resulted in the development of better veterinary medicines, improved animal health protocols, and more efficient use of resources.
Moreover, the Australian government has implemented several initiatives aimed at promoting innovation and sustainability in the veterinary industry. For instance, the government has introduced the Australian Pesticides and Veterinary Medicines Authority, which provides a framework for the development and registration of veterinary medicines. This initiative has encouraged companies to invest in research and development activities and has resulted in the development of new veterinary medicines.
Industry Growth and Comparison to Previous Years
According to the Australian Bureau of Statistics, the veterinary industry has experienced steady growth over the past decade. In 2022, the industry's revenue was estimated to be $3 billion, which represents a 3.5% increase compared to the previous year. The growth in revenue can be attributed to the increasing demand for high-quality veterinary services and products.
Key Trends, including Technological Disruptions
Technological disruptions have had a significant impact on the veterinary industry in Australia. The increased availability of digital tools and resources has revolutionized the way companies develop and implement solutions. With the advent of artificial intelligence and machine learning, companies can now analyze large datasets and develop predictive models that help them optimize their processes and improve animal health outcomes.
Moreover, the use of technology has enabled companies to develop more efficient and sustainable veterinary medicines that reduce the environmental impact of animal healthcare operations. For instance, companies are now developing veterinary medicines made from sustainable materials that reduce waste and pollution. Additionally, companies are exploring the use of telemedicine to provide remote veterinary consultations, reducing the need for physical visits and minimizing the spread of infectious diseases.
Challenges Faced by the Veterinary Industry
One of the significant challenges faced by the veterinary industry in Australia is the increasing demand for affordable and accessible animal healthcare. The rising costs of animal healthcare are putting pressure on the industry to develop more efficient and affordable veterinary services and products. This requires companies to focus on developing sustainable solutions that reduce the cost of animal healthcare operations and improve access to animal healthcare services.
Another challenge faced by the industry is the increasing competition from emerging markets such as China and India. These countries have lower labor costs and are investing heavily in research and development activities aimed at developing innovative and sustainable veterinary services and products. To remain competitive, Australian companies will need to continue to invest in research and development activities and collaborate across different industries and sectors.
Future Outlook
The future of the veterinary industry in Australia looks promising, with the government's continued investment in research and development and the growing demand for high-quality veterinary services and products. The government has announced plans to increase funding to the industry and implement new initiatives aimed at promoting innovation and sustainability.
Moreover, technological disruptions are expected to continue to shape the future of the veterinary industry in Australia. With the increasing availability of digital tools and resources, companies will have access to more data-driven insights and predictive models that will help them optimize their processes and improve animal health outcomes. The use of telemedicine is also expected to become more prevalent, allowing companies to provide remote veterinary consultations and expand their reach to more areas.
However, the challenges facing the industry, such as increasing competition and the demand for affordable and accessible animal healthcare, will need to be addressed to ensure the industry's continued growth and success. Companies in the veterinary industry will need to focus on developing sustainable and innovative solutions that meet the evolving needs of their customers and stakeholders. This will require a strong commitment to research and development and collaboration across different industries and sectors.
Conclusion
In conclusion, the veterinary industry in Australia has been a significant contributor to the country's economy, and its growth and success can be attributed to the government's investment in research and development and the implementation of new initiatives aimed at promoting innovation and sustainability. Technological disruptions have also played a crucial role in shaping the future of the industry, with companies now able to develop more efficient and sustainable veterinary services and products using digital tools and resources. While the industry faces several challenges, the future outlook looks promising, and with continued investment and collaboration, the veterinary industry in Australia is poised for continued growth and success.