Regulators noted that UK veterinarians can face price caps for drugs, prescriptions and other services such as cremation, as it outlines the changes it is considering for the way the UK's £20 billion veterinary sector operates.

The Competition and Markets Administration (CMA) has been investigating the industry to examine whether the lack of competition in the industry has caused prices to soar.

According to CMA Research, treatment prices increased by 60% between 2015 and 2023, while other general services had inflation of 35%.

Regulators will also promote greater transparency as part of the overhaul that will be completed in the coming months.

In addition to the price cap, the CMA also imposed a ban on bonuses that offer specific treatments.

It said on Thursday it would impose a ban on any policy that would cut "clinical freedom" for veterinarians. Some veterinarians report that targets related to the treatment options they sell are under stress.

It finds businesses are marking medicine Price, sometimes four times the purchase cost.

Watchdogs also found that treatment costs lack transparency and available options.

In a list of potential remedies, the CMA said that veterinarians may be forced to clearly demonstrate help from drugs, surgery, treatment and time outside the time. The working paper also suggests that marks collected for pet cremation that may be sold to customers in “time of fragility” may be capped.

The supervisory authority also suggested a comparison website that enables the clinic to mandatory notify owners of the option available.

The CMA is expected to release an interim report on measures taken during the summer and a final decision will be made in November.

The CMA said the basic local veterinary service is worth £2 billion - £2.5 billion per year, but the overall value of the industry is estimated to be £5.7 billion per year when other aspects such as cremation, specialized treatments and medications are taken into account.

Competitive entities highlight how the industry is increasingly dominated by large companies and how this may reduce consumer choice.

It said there are about 5,000 veterinary practices in the UK, but about 1,500 of them have been acquired by a group of six major companies since 2013.

They are CVS, standalone Vetcare Ltd, Linnaeus, Medivet, pets and vetoers at home.

Four of the six tend to retain the name and brand of independent conventions when purchasing, and if the CMA says they can create "competitive fantasy" for consumers if they try to snuck around in search of alternative conventions.