Veterinary Industry Summary: Dec. 11-17, 2022


Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA


Dec. 11-17, 2022

Manufacturers sent notification of their 2023 prices increases, some as high as 10%. We’re paying attention to how veterinary practices will implement these increases and what the impact will be on revenue and visits. To reduce sticker shock while maintaining margins, practices will need to be more intentional with their overall pricing strategy and pricing at the code level (as opposed to the category level). In 2022, on average, practices implemented a 9-9.5% increase on services, and a 6-6.5% increase on products. Considering the outpaced decline in product-only purchase visits compared to well and sick visits, practices may be able to leverage service revenue growth to offset increasing product costs to create a competitive advantage on product sales.

Last week: U.S. veterinary practices saw year-over-year revenue growth of 2.7% and -5.0% decline in visits.

You can see more details below and check out the Veterinary Industry Tracker for daily stats.


Revenue per Practice

A bar graph showing revenue per practice for last week, compared to the previous year.


Revenue YoY (Last Week)
Visits YoY (Last Week)


Revenue growth was still up this past week at 2.7% year-over-year, though lower than the week prior. Visits are still down at -5.0% year-over-year this past week, which is down compared to the week prior.


Months of Parasiticide Protection Dispensed
Heartworm YoY
Flea/Tick YoY
Service vs Product Revenue Breakdown
Services YoY
Products YoY

Heartworm and flea/tick protection dispensed are still down year-over-year, and lower than what we saw the week prior. Revenue from services was up 4.4%,slightly less than the week prior, and revenue from products was down 2.0%, more than the week prior.


Growth in Revenue and Visits

A line graph showing revenue and visits per practice, for a 14 day rolling period.


Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)


The rolling 14-day trendline for revenue and visits growth year-over-year for the past 12 months has been consistently down in 2022 compared to 2021. In November, we saw average revenue dip below 6%, which is half of what we saw in April. Metrics have been pretty steady, but are still gradually trending down in this 4th quarter.


Revenue Growth by State

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


Patient Demographics


Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)

Maine is again the top state for year-over-year revenue growth on average for the past 12 months, with 10.5% growth. For daily state-specific stats, please see the Premium Veterinary Industry Tracker on


*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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