Veterinary Industry Summary: Aug 7-13, 2022

Kate Zirkle
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Stats from the Veterinary Industry Tracker powered by VetSuccess and the AVMA


 

Aug 7-13, 2022

For the second week of August, as we approach back-to-school time, veterinary practices saw modest year-over-year revenue growth while growth in visits continued to underperform. Year-over-year growth was at 4.2% for revenue and -3% for visits. Revenue from professional services again carried most of that growth in revenue, at nearly 6% year-over-year growth. Months of heartworm and flea/tick protection dispensed were down again this past week but up compared to the week prior. Product revenue was again flat but up slightly compared to the week prior. See more details below and 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.

 

+4.2%
Revenue YoY (Last Week)
-3.0%
Visits YoY (Last Week)

 

Revenue growth was at 4.2% this past week while visits continue to lag behind and were down -3% year-over-year this past week. Both metrics are higher than what we saw the week prior.

 


LAST WEEK
Months of Parasiticide Protection Dispensed
-4.1%
Heartworm YoY
-3.8%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+5.8%
Services YoY
-0.2%
Products YoY

 

Heartworm and flea/tick protection dispensed were down again this past week, while revenue from services was up nearly 6% and revenue from products was essentially flat. Compared to the week prior, all metrics are up.

 


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

 

+6.4%
Revenue YoY (Last 12 Months)
-1.3%
Visits YoY (Last 12 Months)

 

The rolling 14-day trendline for revenue and visits growth year-over-year saw a decline in January 2022. This spiked in February but then declined again and appears to be settling in at a lower rate than what we saw in 2021. We saw another spike in July that has already started to level back out.

 


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

 

Patient Demographics
4,724
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 10.3% 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.


Need additional stats? You got it.

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