The forecasted turnover per employee in Norway's veterinary services sector shows a consistent downward trend over the period from 2024 to 2028, starting at 96.5 thousand euros in 2024 and declining to 93.9 thousand euros by 2028. This trend represents a slight annual year-on-year decrease, with a more notable cumulative decline over the entire forecast period. Based on the data available from 2023, where the turnover per employee stood slightly higher, the year-on-year variations illustrate a gradual reduction in productivity or revenue per employee.
Given this trend, the compound annual growth rate (CAGR) indicates a negative growth, averaging a downward trend per year over these five years.
Future trends to watch for include potential automation and technology integration in veterinary practices, shifts in pet ownership demographics, and evolving client expectations. Monitoring these factors could provide insights into either mitigating this decline or identifying opportunities for growth.
