GLG Network Survey: Vet Clinics II

SURVEY DETAILS

TARGET POPULATION

GLG surveyed 50 vet clinic owners, practice managers and clinical directors across Europe (UK, France, Italy, Spain, and Germany). 

What will you learn from this survey?

• Respondents were surveyed on the current demand and trends in the industry including the issue of labour shortages.
• The survey also investigated the changes in the space particularly regarding consolidation.
• Lastly, the research analysed the competitive landscape of Vet Clinics such as CVS, IVC and Vetpartners.

Example of findings:

• In August ’23, three-in-four respondents (76%) stated they expect to see further consolidation among the largest veterinary chains, a small reduction from 88% in May ‘22.
• More than half (56%) respondents believe that increasing salaries is the most reliable way to address labour shortages.
• Almost all respondents (92%) expect labour costs to increase by more than 4% in the next 1-2 years.

DELIVERABLES

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Barry Brackner, former Executive at CVS.

The standard deliverable, includes:

• 1 x Individual responses (“raw data”) in Excel.
• 1 x PPT report with aggregated data.
• Executive summary with key takeaways and highlights from the raw data.

SAMPLE QUESTIONS

• To what extent do you believe it is likely to see further consolidation among the largest veterinary chains? 
• What do you expect the growth of this market to be in the next 3-5 years (as CAGR on turnover)? 
• To what extent are labour shortages an issue within the industry?
• How do you expect labour costs to change in the next 1-2 years? 
• In your view, how can the labour shortage be best addressed? 
• To what extent do you agree with the following statement: “There will be strong growth within the vet clinic industry in the next 3-5 years”? 
• Which if any of the following measures would be the most effective for driving practice profitability over the next 12 months? 

ACCESS

This survey is available to subscribers of the Healthcare (HC) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

DISCLAIMER:

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription. 

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG capture in the Network Survey.