Veterinary Industry Summary: August 2022

Kate Zirkle
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Stats from the Veterinary Industry Tracker powered by VetSuccess 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.

 

AUGUST 2022
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

+5.6%
Revenue YoY
-2.9%
Visits YoY

 

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 Parasiticide Protection Dispensed
-3.5%
Heartworm YoY
-3.7%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+7.3%
Services YoY
+1.1%
Products YoY

 

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.

 


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

 

Maine
13.8% Revenue YoY
Louisiana
11.6% Revenue YoY
Arizona
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.

 


Need additional stats? You got it.

The Premium Veterinary Industry Tracker lets you drill into revenue categories, visit types, date ranges, states, and more.

 

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