Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
February 22-28, 2026
A new report, CATalyst Council Feline Veterinary Market Insights: Volume V [1], reveals that feline clinical visits have reached a record high.
In contrast to the overall companion animal market, the feline segment demonstrated twelve consecutive quarters of growth, generating an estimated $12.7 billion in practice revenue in 2025.
Chair of CATalyst Council Kristin Wuhrman commented, “What we’re seeing is no longer a trend; rather it is a structural transformation. Practices that invest now in understanding cats more deeply, including their unique behaviors, their subtle health cues, stress physiology, and the distinct needs of their caregivers, will lead the next chapter of veterinary medicine.”
Despite this momentum, the study identifies a significant medicalization gap, estimating that only 33% of household cats received professional care in 2025 compared to 71% of dogs. CATalyst estimates that about 51 million cats did not receive veterinary care last year. This represents an untapped $21 billion in revenue.
Gina Fortunato, executive director of CATalyst Council, said, “Feline medicine has moved from an inflection point to a strategic imperative.”
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| -2.0% Revenue YoY (Last Week) |
-7.0% Visits YoY (Last Week) |
Year-over-year veterinary industry revenue fell last week to -2.0%, from 4.8% the previous week. Similarly, year-over-year visits significantly fell from 0.9% to -7.0% during the same time period.
 -13.4%Heartworm YoY |
-11.1% Flea/Tick YoY |
| -1.0% Services YoY |
-6.0% Products YoY |
Parasiticide purchases and product revenue also experienced negative trends last week. Heartworm was down to -13.4%, and flea/tick plummeted to -11.1% (compared to the prior week’s data at 1.2% and 7.6% respectively).
Service revenue dropped to -1.0% last week from 5.3% the week prior, and product revenue tumbled from 2.9% to -6.0% during the same period.
| +2.5% Revenue YoY (Last 12 Months) |
-2.9% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows revenue and visits taking a sharp decline as we close out February.
| 6,450 Practices |
2.1M Revenue per practice (Last 12 months) |
9.8K Visits per practice (Last 12 months) |
Once again the highest year-over-year revenue was in Connecticut at 6.4%. Maine and New Mexico were close behind, both at 5.1%.
Year-over-year visits were the highest in Oregon at -0.4%.
*Numbers are subject to change based on data availability and PIMS adjustments.
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