Veterinary Industry Summary: April 2–8, 2023

industryblog_banner-350

Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

 

April 2 – 8, 2023

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.

 

+4.9%
Revenue YoY (Last Week)
-2.3%
Visits YoY (Last Week)

 

Revenue was up this past week at 4.9% year over year, higher than the week prior. Visits were down at -2.3% year over year this past week, slightly higher than the week before.


LAST WEEK
Months of Parasiticide Protection Dispensed
-.-%
Heartworm YoY
-.-%
Flea/Tick YoY

See notes for more information.

Service vs Product Revenue Breakdown
+6.0%
Services YoY
2.3%
Products YoY

 

We expect reporting on parasiticide protection dispensed to resume next week, after identifying possible discrepancies in the data. Revenue from services was up 6.0%, higher than the week before, and revenue from products was up at 2.3%, higher than the preceding week.


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

 

+5.7%
Revenue YoY (Last 12 Months)
-2.9%
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.


LAST 12 MONTHS
Revenue Growth by State
A U.S. map, using color shades to show revenue growth by state.

 

Patient Demographics

 

4,840
Practices
2.0M
Revenue per Practice
(Last 12 Months)
10.5K
Visits per Practice
(Last 12 Months)

 

Maine holds the top place again for year-over-year revenue growth on average for the past 12 months, with 9.6% growth, followed by North Carolina at 9.3% and Tennessee at 9.2%.

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.

 

LEARN MORE »

Articles by Year

Sign up for our weekly newsletter