Beyond the Numbers Blog Thoughts & Advice on Veterinary Practice Management
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA July 14–20, 2024 LAST WEEK Year-over-year pet prices were up 2.0% last month, a 0.3% increase compared to May, according to the Pet Business Professor. Four segments are included in overall pet prices: pet food, pet supplies, pet services, and veterinary services....Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA July 7–13, 2024 LAST WEEK A mid-year update from the Pet Business Professor has revealed that non-veterinary pet services spending was $12.77 billion for the first half of 2023. That’s $1.9 billion (17.5%) more than spending in the same segment for the...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA June 30–July 6, 2024 LAST WEEK A Q1 2024 summary of the animal health industry written by Scott Brown and published in the Fountain Report revealed an industry lagging behind the broader market. According to the article: The CTA Animal Health Index...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA June 23–29, 2024 LAST WEEK Last week, Elanco announced updates regarding expected FDA approval timelines for two new products: Zenrelia and Credelio Quattro. According to Elanco, the FDA confirmed that all three major technical sections — Chemistry, Manufacturing, and Controls (CMC), as...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA June 16–22, 2024 LAST WEEK Spectrum of care is a hot topic in veterinary medicine. An article published in a recent issue of the Fountain Report authored by Terrisha Buckley highlighted the Denver Dumb Friends League Veterinary Hospital at Colorado State University-Spur....Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA June 9–15, 2024 LAST WEEK Juneteenth National Independence Day, the national holiday celebrating the end of slavery in the United States, is upon us. Federal troops arrived in Galveston, Texas, on June 19, 1865 — two-and-a-half years after President Abraham Lincoln signed...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA June 2–8, 2024 LAST WEEK According to a new report from Meticulous Research, the direct-to-consumer pet food market is projected to reach $13.06 billion by 2031 — a compound annual growth rate of nearly 20% from 2024 to 2031. The report cites...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA May 26–June 1, 2024 LAST WEEK Pet industry inflation (“petflation”) — has fallen below the national inflation rate for the first time since November 2022, according to Pet Business Professor’s April 2024 report. Pet industry prices can be broken down into four...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA May 19–25, 2024 LAST WEEK With tick season in full swing, experts are warning that the 2024 U.S. tick population will likely surpass last year’s numbers. Mild winters are allowing different tick species to slowly make their way into new areas of...Read More
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA May 12–18, 2024 LAST WEEK For some time now, the big “C” — convenience — has been the dominating factor affecting consumer spending. And while convenience still matters to consumers, another “C” — cost — is playing a bigger role as prices...Read More