Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

August 31-September 6, 2025

Veterinary Practice News’ recent Veterinary Economic Outlook Survey has revealed how veterinary professionals feel about today’s economy. Every U.S. state was represented in the survey results, and more than two-thirds of respondents identified as practice owners, managers, or veterinarians representing small practices with four to five doctors.

Key takeaways from the survey include:

• Because of increased costs, nearly 64% of practices have adjusted their purchasing habits, and more than 62% expect lower profitability in the coming year.
• More than 56% plan to continue with planned equipment purchases despite profitability concerns.
• Nearly 76% expect tariff-related price increases for equipment.
• While nearly 50% of practices are optimistic about the economic outlook over the next 12 months, 86% expect economic uncertainty to impact pet owner spending behaviors, especially on non-essential treatments, elective procedures, and medication purchases.

Financial concerns were a recurring theme among the responses — 56% of respondents said that the profession needs to pay attention to rising costs and client limitations. “Veterinary care is becoming too expensive for most pet owners,” said one respondent, with others echoing similar sentiments.

 

Check out the Veterinary Industry Tracker for daily stats.

 

 

+1.2% Revenue YoY (Last Week)

-2.6% Visits YoY (Last Week)

 

Coming in at 1.2%, year-over-year veterinary industry revenue dipped slightly last week compared to the previous week’s 1.9%. Year-over-year visits were -2.6%, a small climb from -3.0% the week prior.

 

-8.7% Heartworm YoY

-7.2% Flea/Tick YoY

 

 

+2.4% Services YoY

-2.4% Products YoY

 

Year-over-year parasiticide purchases continued to hover in negative territory last week. Heartworm was -8.7%, and flea/tick was -7.2%, changes from the previous week’s respective -8.4% and -7.5%. Service revenue dropped from 3.3% to 2.4% year over year, while product revenue fell from -2.3% to -2.4%.

 

 

+2.1% Revenue YoY (Last 12 Months)

-3.0% Visits YoY (Last 12 Months)

 

The rolling 14-day trendline showed revenue and visits remaining fairly steady since mid-August.

 

 

6,291 Practices

2.2M Revenue per Practice (Last 12 Months)

10.1K Visits per Practice (Last 12 Months)

 

Connecticut and Maine topped every other state in year-over-year revenue growth last week, coming in at 6.2% each. The Pacific Northwest dominated in year-over-year visits, with Oregon at 0.2% and Washington at -0.9%.

*Numbers are subject to change based on data availability and PIMS adjustments.

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