Almost half of veterinary practices last year recorded higher turnover as a result of increased pet ownership, according to a new report by accountants HLB Sheehan Quinn.
Out of the 102 respondents from veterinary practices across Ireland, 85% of employees said their workload increased during 2020 due to the Covid-19 pandemic.
43% said they work more than 50 hours a week, while 23% are putting in more than 60 hours a week.
The study revealed that those working the longest hours tend to be practice owners.
According to the research, staffing issues are the biggest problems facing veterinary practices.
63% of respondents said they plan to recruit additional vets or veterinary nurses in the next 12 months.
Mark Butler, HLB Managing Partner, said the practices that have fared best throughout the pandemic were those that adapted to take advantage of the influx of new pet owners.
"By focusing on areas like practice management, digital marketing, practice culture and profitability, practices can identify the steps they need to take to optimise their business," he said.
Mr Butler said the research shows that more than a third of veterinary practice owner respondents plan to sell their business within the next three years.
With regard to corporate activity, the research shows that more than 20 practices have been purchased by the corporates operating in Ireland.
