The Competition and Markets Authority (CMA) is launching a review of the sector
Britain’s £2 billion veterinary industry is being scrutinised by the competition watchdog amid concerns that pet owners are not getting value for money and that the cost of care has soared faster than inflation.It is worried that pet owners are not given easy access to information about pricing and treatment options when deciding which vet to use and which services to buy. The regulator added that figures suggest that vet costs have also surged at a faster pace than wider inflation.
Sarah Cardell, chief executive of the CMA, said: “Caring for an ill pet can create real financial pressure, particularly alongside other cost-of-living concerns. “There has been a lot of consolidation in the vet industry in recent years, so now is the right time to take a look at how the market is working.”
It is calling for pet owners and vet practitioners – including surgeons, nurses, practice managers and vet businesses – to give their views via the CMA’s website, at gov.uk/vets-market-review.
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