REG - Competition and Mkts - CMA - Vets market investigation update

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RNS Number : 4622D  Competition and Markets Authority  15 October 2025

 

FOR IMMEDIATE RELEASE: 15 OCTOBER 2025 TIME: 07:00AM

Major reforms would require vet businesses to make fundamental changes to the
way they support pet owners

 

The Competition and Markets Authority (CMA) has today published the
provisional decision in its market investigation into the UK's £6.3 billion
veterinary services market.

·    Proposals to transform consumer experience will lead to more choice
and savings.

·    Twenty-one measures proposed, including better information on prices,
treatments, medicines and ownership, a price cap on written prescriptions and
a new comprehensive price comparison website.

·    Current regulatory system not fit for purpose and must be modernised
to keep pace with commercial practice and ensure pet owners are protected.

 

CMA Provisional Finding

The market investigation
(https://www.gov.uk/government/news/cma-presses-ahead-with-full-investigation-into-vets-market)
- which is principally into vet businesses, not individual vets - identifies
concerns, including that pet owners:

·    are often unaware of the prices of commonly used services and whether
their local practices are part of large national chains

·    have no effective way of comparing vet prices when they get a pet or
move areas

·    may be paying twice as much for commonly prescribed medicines from
vet practices than they could pay online, amounting to hundreds of pounds more
than they need to pay

·    often receive no written estimate for courses of treatment running to
hundreds - or even thousands - of pounds

·    are often unable to tell if they are getting good value for money
from pet care plans

·    may be overpaying for individual cremations

·    often have no effective means of complaining when things go wrong

These factors are market wide and mean consumers do not benefit from strong
competition between vet businesses. Average vet prices across the market rose
by 63% between 2016 and 2023 - well above the rate of inflation.

The CMA also found that pet owners pay 16.6% more on average at large vet
groups than at independent vets. For at least 3 of those large groups, average
prices increased faster at practices they bought than at practices that
remained independent. For a substantial part of the market as a whole, profits
are much higher than they should be if competition was working well.

In addition, the CMA has found that the current regulatory system is not fit
for purpose. It only regulates individual veterinary professionals and not vet
businesses, despite the majority of practices being part of a large corporate
group.

Given its market-wide concerns, the CMA's independent expert inquiry group has
provisionally decided that a far-reaching package of 21 measures is required
to address the above concerns and reinvigorate competition in this market.

Martin Coleman, Chair of the Inquiry Group, said:

"Pet owners are often left in the dark, not knowing whether their practice is
independent or part of a chain or what a fair price looks like. They are
sometimes committing to expensive treatment without understanding the price in
advance. And they do not always feel confident asking for a prescription or
buying medicine online - even when it could save them hundreds of pounds.

"Even where pet owners could access some of this information, it is difficult
for them to compare prices and services - despite the fact that, in most of
the country, there are several local practices they could choose between.

"We are proposing major reforms aimed at bringing about a transformation in
the experience of pet owners and empowering them to make the best choices for
their circumstances.

"We believe that our proposals would enable pet owners to choose the right
vet, the right treatment, and the right way to purchase medicine - without
confusion or unnecessary cost."

 

CMA's proposed remedies

The CMA is today proposing a wide-ranging set of remedies to address these
issues, including:

·    Requiring vet businesses to publish comprehensive price lists, be
clear if they are part of a large group, and make sure that their policies and
processes allow vets to act in the best interests of pets and pet owners.
These measures will give pet owners the information they need to choose the
right practice and treatment options for them.

 

·    Making it easier for pet owners to access cheaper medicines online,
including by requiring vets to tell pet owners about savings they make by
buying medicines online and, where a medicine is likely to be needed
frequently, automatically providing a written prescription to enable the pet
owner to purchase the medicine elsewhere (unless the pet owner chooses
otherwise), and capping the price of providing prescriptions at £16. These
measures will help prompt consumers to consider buying medication online and
protect them from having to pay excessive prices for the prescriptions they
would need to do so.

 

·    Requiring vets to give pet owners clear price information when they
are choosing a treatment, with prices in writing for treatments over £500 and
itemised bills. This will make it easier for consumers to consider different
treatment options and providers.

 

·    Requiring the RCVS to enhance its Find a Vet website to include
pricing data drawing on the price lists vets will be required to publish; this
data can also be used by third party websites and apps. This will allow
consumers to compare vet prices much more effectively, for instance when they
first get a pet or move areas.

 

·    Requiring vets to give clear price information to pet owners
arranging a cremation. This is important to allow pet owners to make the best
decisions for their circumstances, at an especially emotional time.

 

·    Requiring vets to give pricing breakdowns for pet care plans. This
will allow pet owners to better decide if these would provide good value for
money in their own circumstances.

 

·    Recommending that the government urgently prioritises a new
Veterinary Surgeons Act and updates regulation to include veterinary
businesses, as well as individual vets and nurses, and give the regulator
powers to set and enforce requirements and standards for these businesses.
Reform is needed to make sure pet owners' interests are protected and there is
an effective complaints handling route if things go wrong.

 

The main focus of the inquiry is into veterinary businesses, not individual
vets. The CMA is concerned to hear that some vets and vet nurses face abuse
from frustrated clients - they deserve respect, not hostility. The proposed
remedies would be good for vets, further enhancing trust in the profession and
protecting clinical judgment from undue commercial pressure.

Implementation

The CMA's final decision will be published by March 2026. The reforms would be
implemented through a legally binding CMA Order and could see some measures
coming into force before the end of 2026. Small vet businesses will be given
additional time for implementation.

Vet businesses can make changes that would benefit their customers in the
meantime, and the CMA encourages them to consider doing so.

The CMA fully recognises that the proposed changes would require businesses to
adapt systems or make other changes which would incur some administrative
costs. The CMA's provisional view is that the benefits to consumers of these
measures would far outweigh the costs to businesses.

Next steps

The CMA will now consult on the Provisional Decision. All interested parties
are welcome to respond to the provisional conclusions by the deadline of
Wednesday 12 November 2025 via our consultation page
(https://www.gov.uk/guidance/understanding-the-cmas-provisional-decision%E2%80%A6)
.

For further information, visit the Veterinary services case page
(https://www.gov.uk/cma-cases/veterinary-services-market-for-pets-review) ,
which includes key statistics and the administrative timetable.

Notes to editors:

1.   The CMA launched its review of the sector
(https://www.gov.uk/government/news/cma-launches-review-of-vet-sector) in
September 2023 and issued a Call For Information (CFI) as part of that. This
brought 56,000 responses - including 45,000 from the general public and 11,000
responses from those working in the vet industry, which equates to around a
fifth of UK vets and veterinary nurses.

2.   The CMA's decision to consult on a market investigation was based on a
range of evidence: the Call for Information on the CMA's website, qualitative
market research with pet owners as well as broad engagement across the sector,
including with all 6 large corporate suppliers of veterinary services, a
number of independent veterinary practices, industry regulators, industry
bodies, government agencies, the animal charity sector, and pet insurance
companies.

3.   Under section 131 of the Enterprise Act 2002, the CMA made a market
investigation reference
(https://www.gov.uk/government/publications/market-studies-and-market-investigations-supplemental-guidance-on-the-cmas-approach)
 to its Chair for the constitution of a Market Reference Group because it had
reasonable grounds for suspecting that a feature, or combination of features,
of a market in the United Kingdom (UK) for goods or services, prevents,
restricts or distorts competition in connection with the supply or acquisition
of any goods or services in the UK or a part of the UK.

4.   In a market investigation, a Market Reference Group is the independent
panel that is required to decide whether there is a prevention, restriction,
or distortion of competition. If it does identify such an adverse effect on
competition, then it will consider what, if any, appropriate action should be
taken to address this.

5.   The proposed remedies and Market Order, if taken forward, will be
legally binding on vet businesses.

6.   The 6 LVGs (large veterinary groups) are: CVS, IVC, Linnaeus, Medivet,
Pets at Home and VetPartners.

7.   All media enquiries should be directed to the CMA press office by email
on press@cma.gov.uk (mailto:press@cma.gov.uk) , or by phone on 020 3738
6460.

 

 

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