UK Competition Watchdog to Investigate Veterinary Sector Over Pricing Concerns

The Competition and Markets Authority announces a formal investigation into the veterinary sector after identifying potential overcharging and lack of competition.

The Competition and Markets Authority (CMA) is launching a formal investigation into the UK veterinary sector, citing concerns over potential overcharging for medicines and prescriptions.
An initial review prompted by the CMA revealed multiple concerns, including a lack of basic information for consumers, such as price lists and prescription costs, leading to possible overpayment.
The investigation was spurred by an 'unprecedented response' of 56,000 from the public and veterinary professionals, highlighting the high level of concern among pet owners and industry workers.
The CMA found that about 60% of vet practices are now part of large corporate groups, up from 10% a decade ago, raising concerns about reduced competition and choice for consumers.
Potential actions by the CMA include enforcing maximum prescription fees, ensuring easy access to pricing and treatment information, and possibly ordering large vet groups to sell off parts of their business to improve market competition.