Vets Market Investigation Update from the Inquiry Chair
November 15th, 2024 – GOV.UK
The Independent Vets Market Investigation Chair, Dr. John Martin, has published an update on the ongoing investigation into the veterinary services market. The investigation was launched in March 2022 to examine competition within the market and identify any potential concerns.
In his update, Dr. Martin said that the investigation is making good progress and that the team is currently in the process of gathering evidence from a range of stakeholders, including vets, pet owners, and industry representatives.
Dr. Martin highlighted some key areas of focus for the investigation, including:
- The pricing of veterinary services
- The availability and accessibility of veterinary care
- The transparency of information about veterinary services
- The impact of online and distance veterinary services
The investigation team is also considering the impact of the COVID-19 pandemic on the veterinary market, and how this may have affected competition within the sector.
Dr. Martin said that the investigation is expected to be completed in early 2025. He encouraged all stakeholders to engage with the investigation and share their views and experiences.
The full update from the Inquiry Chair can be found on the GOV.UK website.
Background
The Vets Market Investigation was launched in March 2022 by the Competition and Markets Authority (CMA). The CMA is an independent body that promotes competition and protects consumers in the UK.
The investigation is being conducted by an independent panel of experts, led by Dr. John Martin. Dr. Martin is a former Chairman of the OFT (Office of Fair Trading), the CMA’s predecessor organization.
The investigation will examine a range of issues relating to competition in the veterinary market, including:
- The pricing of veterinary services
- The availability and accessibility of veterinary care
- The transparency of information about veterinary services
- The impact of online and distance veterinary services
The investigation team is expected to publish its final report in early 2025.
How to Participate in the Investigation
Stakeholders who wish to participate in the investigation can do so by submitting evidence or responding to the consultation document.
Evidence can be submitted via the GOV.UK website or by email to vetsinvestigation@cma.gov.uk.
The consultation document can be found on the CMA website. The deadline for responses is December 14th, 2024.
Vets Market Investigation update from the Inquiry Chair
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