Veterinary Industry Summary: April 16 – 22, 2023
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
April 16 – 22, 2023
Last week, veterinary practices experienced 6.6% growth in revenue while visits remained flat at -0.7% year over year.
Check out the Veterinary Industry Tracker for daily stats.
Revenue YoY (Last Week)
Visits YoY (Last Week)
Revenue was up this past week at 6.6% year over year, higher than the week prior. Visits were fairly flat at -0.7% year over year this past week, higher than the week before.
Heartworm protection dispensed was essentially flat, while flea/tick protection dispensed was up slightly compared to last week at 2.7%. Revenue from services was up at 7.1%, higher than the week before, and revenue from products was up at 5.0%, higher than the preceding week.
Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)
The rolling 14-day trendline shows revenue and visits growth year over year trending slightly higher in 2023 than 2022. Growth appears to have peaked in Q1 and may be heading back to previous 2022 levels.
Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)
Maine stays on top for year-over-year revenue growth on average for the past 12 months, with 9.6% growth, followed by Tennessee at 9.3% and Wisconsin at 8.8%.
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.
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