Veterinary Industry Summary: Aug 28-Sept 3, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Aug 28-Sept 3, 2022
U.S. veterinary practices closed out the month of August with a slight uptick in year-over-year revenue growth, specifically revenue from services, while year-over-year growth in visits and parasiticide protection dispensed remained down. Year-over-year growth was at 6.3% for revenue and -1.9% for visits. Revenue from professional services again accounted for much of that growth in revenue, at over 8% year-over-year. Months of heartworm and flea/tick protection dispensed were down again this past week. Product revenue was up slightly at 1.2% growth, slightly higher than what we saw the week prior. You can see more details below and check out the Veterinary Industry Tracker for daily stats.
| +6.3% Revenue YoY (Last Week) |
-1.9% Visits YoY (Last Week) |
Revenue growth was over 6% this past week while visits continue to lag behind and were down nearly 2% year-over-year this past week. Both metrics up compared to what we saw the week prior.
 -4.2%Heartworm YoY |
-4.6% Flea/Tick YoY |
 +8.4%Services YoY |
+1.2% Products YoY |
Heartworm and flea/tick protection dispensed were down again this past week, while revenue from services was up over 8% and revenue from products was up 1.2%. Compared to the week prior, heartworm protection dispensed was down slightly while the remaining metrics were all up.
| +6.3% Revenue YoY (Last 12 Months) |
-1.6% Visits YoY (Last 12 Months) |
The rolling 14-day trendline for revenue and visits growth year-over-year was noticeably higher in 2021 before declining in January 2022. This spiked significantly in February and slightly in July but appears to be settling in overall at a lower rate than what we saw in 2021.
| 4,653 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.8K Visits per Practice (Last 12 Months) |
Maine is the top state for year-over-year revenue growth on average for the past 12 months, with 11.1% growth. For daily state-specific stats, please see the Premium Veterinary Industry Tracker.
*Numbers are subject to change based on data availability and PIMS adjustments.
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