Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
April 23 – 29, 2023
This week, Boehringer Ingleheim announced [1] a new all-in-one product for cats, the broadest spectrum parasiticide available, covering tapeworms as well as flea, ticks, heartworm, and other parasites. Adoption and compliance with feline parasiticides has been a struggle and represents a much smaller portion of the total parasiticide market. It will be interesting to see how this new product impacts the market.
April 29 was World Veterinary Day. This year’s theme from the World Veterinary Association was “Promoting Diversity, Equity, and Inclusiveness (DEI) in the Veterinary Profession.” DEI efforts are crucial in the long-term success of the veterinary profession and Vetsource is similarly committed [2] to removing barriers to equitable access for all.
Check out the Veterinary Industry Tracker [3] for daily stats.
| +4.3% Revenue YoY (Last Week) |
-3.1% Visits YoY (Last Week) |
Revenue was up this past week at 4.3% year over year, lower than the week prior. Visits fell to -3.1% year over year this past week, lower than the week before.
 -4.7%Heartworm YoY |
-4.7% Flea/Tick YoY |
 +5.5%Services YoY |
+0.8% Products YoY |
Heartworm and flea/tick protection dispensed both fell significantly compared to last week. Revenue from services was up at 5.5%, lower than the week before, and revenue from products was flat at 0.8%, significantly lower than the preceding week.
| +5.7% Revenue YoY (Last 12 Months) |
-2.8% 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.
| 4,741 Practices |
2.0M Revenue per Practice (Last 12 Months) |
10.4K Visits per Practice (Last 12 Months) |
Maine retains the top spot for year-over-year revenue growth on average for the past 12 months, with 9.6% growth, followed by North Carolina and Tennessee tied at 9.2%.
For daily state-specific stats, please see the Premium Veterinary Industry Tracker on VeterinaryAnalytics.com. [4]
*Numbers are subject to change based on data availability and PIMS adjustments.
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