UK vets may face prescription caps and licensing under proposed reforms

The UK government is exploring significant reforms for the veterinary sector, potentially introducing mandatory licensing for all practices and capping the cost of pet medicine prescriptions at £21. These proposals, outlined in a white paper, aim to address concerns over high costs, lack of competition, and a perceived focus on profit over pet care.

Many veterinary practices have been consolidated under a few large groups, with over 60% now owned by six major entities, including those backed by private equity and Mars Petcare. This consolidation has led to reduced consumer choice and satisfaction with service costs, according to the Competition and Markets Authority (CMA).

Environment Secretary Emma Reynolds stated the reforms are designed to modernize the industry, which has not been updated since the 1960s, and to help pet owners avoid unexpected bills and find better value. The CMA has backed the government's proposals, emphasizing the need for an independent regulator to ensure accountability and provide consumers with greater protection.

Pet owners spent more than £6.7 billion on veterinary services in 2024, with costs for some procedures, like cruciate ligament surgery for dogs, potentially reaching £5,000 or more. Campaigners have linked the rise of private equity ownership to a shift towards profit maximization, impacting the quality of care and consumer choice.