Veterinary Industry Summary: August 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
August 2022 Monthly Recap
As children prepared to return to school in August, U.S. pet owners faced rising prices and inflation. Let’s look at veterinary industry stats for the month of August to see how this impacted U.S. veterinary practices. Compared to July, August ended up being a much better month for practices in terms of average year-over-year growth, especially when it comes to revenue growth. These metrics are based on transactional data from nearly 4,700 veterinary practices across the United States. See more details below and check out the Veterinary Industry Tracker.
Revenue growth was over 5% while visits continue to lag behind and were down -2.9% year-over-year in August. Both metrics are higher than what we saw in July.
Months of heartworm and flea/tick protection dispensed were down in August, while revenue from services and products were both up. Each of these metrics are up compared to July.
13.8% Revenue YoY
11.6% Revenue YoY
11.5% Revenue YoY
Our top three performing states for average year-over-year veterinary revenue growth for August are Maine, Louisiana, and Arizona.
*Numbers are subject to change based on data availability and PIMS adjustments.
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