Veterinary medicine contributes $13 billion annually in direct and supporting services to Ohio’s economy, according to a recent economic study. The findings are from a 2017 analysis by Regionomics, LLC, which researched veterinary medicine’s impact in economic activity and employment contributions to the Buckeye State.
The study, a collaborative effort between the Ohio Veterinary Medical Association (OVMA) and The Ohio State University College of Veterinary Medicine (CVM), found that veterinary services in Ohio contribute $2.4 billion in direct economic output while sustaining more than 23,000 jobs. Support of animal-related industries, including agricultural production, reflects an additional $10.6 billion in annual economic activity.
Veterinarians work in a variety of disciplines impacting economic growth and job creation beyond caring for companion animals. Areas not often considered as part of the veterinary field include food animal production, zoos, racetracks, health research, education and animal nutrition. The economic study not only reaffirmed the importance of veterinary medicine’s role in supporting the economic activity of these industries, but it also explored issues of veterinary geographic distribution, veterinary student loan debt and the contributions of the human-animal bond in mitigating human health care costs.