Veterinary Industry Summary: August 6–12, 2023
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
August 6–12, 2023
While trends in visits and revenue are remaining fairly stable, the number of practices in our data set has changed — we recently surpassed 5,000! Last week, data from 5,067 practices was included in the Veterinary Industry Tracker’s numbers.
The introduction of a mid-level veterinary practitioner position is a hot topic being debated across the country. Last week, the National Association of Veterinary Technicians in America (NAVTA) released an official response to the American Veterinary Medical Association’s (AVMA) statement against expanding scope of practice. The organization’s response included a list of seven action items for the AVMA and promoted a collaborative approach toward elevating the careers of veterinary technicians and more effectively leveraging their skillset in practice.
The mid-level practitioner is one of several potential workforce shortage solutions being discussed. Others include using technology to automate and simplify processes and improving mentorship programs to help veterinarians learn how to better utilize their support teams.
Check out the Veterinary Industry Tracker for daily stats.
| +4.2% Revenue YoY (Last Week) |
-1.8% Visits YoY (Last Week) |
While year-over-year revenue was still up last week at 4.2%, it fell 1.5% from the week prior. Visits also declined, falling to -1.8% from -0.4% the previous week.
 -3.3%Heartworm YoY |
-3.1% Flea/Tick YoY |
 +5.6%Services YoY |
+0.9% Products YoY |
Parasiticide protection dispensed declined across the board last week. Heartworm fell from -1.5% the week prior to -3.3% last week, and flea/tick fell from -1.0% the previous week to -3.1% last week. While revenue from products and services was still up year over year, it declined compared to the previous week.
| +6.6% Revenue YoY (Last 12 Months) |
-1.9% Visits YoY (Last 12 Months) |
The rolling 14-day trendline continues to show revenue and visits growth year over year trending slightly higher in 2023 than in 2022. Year-over-year revenue held steady at 6.6%, and the decline in visits improved slightly, from -2.0% to -1.9%.
| 5,067 Practices |
2.0M Revenue per Practice (Last 12 Months) |
10.5K Visits per Practice (Last 12 Months) |
North Carolina and Tennessee continued to experience the highest average growth in year-over-year revenue (11.3% for North Carolina and 11.1% for Tennessee) and visits (2.6% for Tennessee and 1.7% for North Carolina) for the past 12 months.
For daily state-specific stats, please see the Premium Veterinary Industry Tracker at VeterinaryAnalytics.com.
*Numbers are subject to change based on data availability and PIMS adjustments.
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