Veterinary Industry Summary: April 14–20, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
April 14–20, 2024
Know a practice looking for a veterinarian or two? You aren’t alone. Several recent news stories have highlighted the work being done to increase the number of veterinarians in the workforce.
Clemson University’s Board of Trustees has approved the addition of a Doctor of Veterinary Medicine degree. According to the Clemson News article, “As the first and only veterinary medicine college in South Carolina, the college will address a critical shortage of large and small animal veterinarians.” The Clemson University College of Veterinary Medicine will welcome its first class of 80 students in the fall of 2026.
Alternatively, two bills that would have allowed for a new School of Veterinary Medicine at Murray State University in Western Kentucky failed to advance out of committee in the Kentucky Senate. No university in Kentucky currently has a veterinary school, and the state has a statute that authorizes only the University of Kentucky and the University of Louisville to have a DVM program, although neither currently does. “We’re gonna have to come back and try again next year as far as getting that statute amended,” said Rep. Richard Heath, who introduced the bill in the Kentucky House of Representatives.
Meanwhile, the University of California, Davis, School of Veterinary Medicine has been busy expanding with a new emergency room and intensive care unit. And, the school is now seeking an additional $220 million from donors to improve existing spaces and build more new facilities. Tom Hinds, the school’s director of strategic planning and communications, said, “One critical point is to accommodate society’s pressing need for more veterinary professionals by integrating the ability to educate and train more veterinarians and specialists into the new master plan.”
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| +2.7% Revenue YoY (Last Week) |
-2.3% Visits YoY (Last Week) |
Year-over-year revenue and visits improved last week compared to the week prior. Revenue was 2.7% and visits were -2.3%, shifts from 1.1% and -4.5% respectively the previous week.
 -6.7%Heartworm YoY |
-6.9% Flea/Tick YoY |
 +4.3%Services YoY |
-2.3% Products YoY |
While year-over-year parasiticide protection was down last week, it improved compared to the previous week. Heartworm protection was -6.7% and flea/tick protection was -6.9% (compared to -12.6% and -14.1% respectively the week prior). Year-over-year revenue from services increased from 3.4% the previous week to 4.3%, and revenue from products improved from -5.8% to -2.3% last week.
| +5.0% Revenue YoY (Last 12 Months) |
-2.0% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows revenue and visits declining since mid-March.
| 5,401 Practices |
2.1M Revenue per Practice (Last 12 Months) |
10.4K Visits per Practice (Last 12 Months) |
New Hampshire once again enjoyed the highest growth in year-over-year revenue last week at 9.5%, while Iowa experienced the highest growth in year-over-year visits at 0.5%. North Carolina came in second for both categories, at 8.4% growth in year-over-year revenue and 0.4% growth in year-over-year visits.
*Numbers are subject to change based on data availability and PIMS adjustments.
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