Veterinary Industry Summary: January 29-February 4, 2023

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Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

 

January 29-February 4, 2023

Veterinary professionals are headed to Las Vegas in a few weeks for the WVC Annual Conference, February 19-22. Many of us from Vetsource will be in attendance and we look forward to observing, chatting, and continuing to keep a pulse on the veterinary industry. If you’re attending, stop by booth #1051 to speak with Vetsource pharmacists, learn more about our latest updates, including our new scripting experience and payments solution, and get a free custom pet ID tag.

You can see more details below and check out the Veterinary Industry Tracker for daily stats.

 

LAST WEEK
Revenue per Practice
A bar graph showing revenue per practice for last week, compared to the previous year.

 

+8.8%
Revenue YoY (Last Week)
+1.1%
Visits YoY (Last Week)

 

Revenue growth was up this past week at 8.8% year over year, higher than the week prior. Visits are up at 1.1% year over year this past week, higher than the week prior.

 


LAST WEEK
Months of Parasiticide Protection Dispensed
-2.2%
Heartworm YoY
-0.7%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+10.2%
Services YoY
+4.3%
Products YoY

Heartworm and flea/tick protection doses year over year are still down, but higher compared to the week prior. Revenue from services was up 10.2%, more than the week before, and revenue from products was up at 4.3%, significantly higher than the week prior.

 


LAST 12 MONTHS
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

+5.3%
Revenue YoY (Last 12 Months)
-3.2%
Visits YoY (Last 12 Months)

The rolling 14-day trendline for revenue and visits growth year over year for the past 12 months remains fairly consistent, with slightly higher revenue growth and visits compared to the week prior.

 


LAST 12 MONTHS
Revenue Growth by State

 

Patient Demographics

 

4,495
Practices
2.0M
Revenue per Practice
(Last 12 Months)
10.7K
Visits per Practice
(Last 12 Months)

Maine continues to be the top state for year-over-year revenue growth on average for the past 12 months, with 10.5% growth.

For daily state-specific stats, please see the Premium Veterinary Industry Tracker on VeterinaryAnalytics.com.

 

*Numbers are subject to change based on data availability and PIMS adjustments.


Need additional stats? You got it.

The Premium Veterinary Industry Tracker lets you drill into revenue categories, visit types, date ranges, states, and more.

 

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