Veterinary Industry Summary: February 23-March 1, 2025

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Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

February 23 – March 1, 2025

LAST WEEK

Inefficient workflows, staffing issues, burnout, and mental fatigue are problems many veterinary practices know all too well. To help practice leaders overcome these and other common hurdles, VetPartners has launched a digital tool — free to anyone in the veterinary industry.

The Veterinary Team Utilization Guide helps practice owners and managers empower team members, maximize efficiency, improve team collaboration, enhance patient care, and increase practice revenue. The guide’s comprehensive content was written by recognized industry experts, consultants, speakers, and authors. It covers a range of topics, including:

  • Team development
  • Operational efficiency
  • Client service
  • Legal compliance
  • Marketing
  • Financial planning
  • And much more

And, because the guide will be updated regularly, it will remain relevant and useful for veterinary practice leaders for years to come.

“We didn’t want this to be another static document,” said Heather Prendergast, RVT, CVPM, SPHR, VetPartners task force leader. “We wanted to create a living, breathing resource that is updated regularly as additional information is available.”

VetPartners is calling the guide a “game-changer for the veterinary industry” that will “enhance leadership and workplace culture, improve team retention, and drive positive changes in the field.”

Access the free VetPartners Veterinary Team Utilization Guide on the VetPartners website.

 

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.

 

 

+0.8%
Revenue YoY (Last Week)
-4.1%
Visits YoY (Last Week)

 

Year-over-year veterinary industry revenue was flat last week at 0.8%, an improvement over the previous week’s -2.8%. At -4.1%, visits also gained ground last week after coming in at -8.3% the week prior.

LAST WEEK
Months of Parasiticide Protection Dispensed

 

-11.2%
Heartworm YoY
-13.7%
Flea/Tick YoY

 

Service vs Product Revenue Breakdown

 

+2.7%
Services YoY
-5.5%
Products YoY

 

Still deep in negative territory, parasiticide purchases moved in the right direction last week. Year-over-year heartworm and flea/tick jumped from -16.4% and -20.3% to -11.2% and -13.7% respectively. Year-over-year revenue from services climbed into positive territory at 2.7% (compared to -1.0% the week prior), and revenue from products improved from the previous week’s -9.1% to -5.5%.

LAST 12 MONTHS
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

 

+2.6%
Revenue YoY (Last 12 Months)
-2.6%
Visits YoY (Last 12 Months)

 

The rolling 14-day trendline showed revenue and visits remaining near year-long lows.

LAST 12 MONTHS
Revenue Growth by State
A U.S. map, using color shades to show revenue growth by state.

 

Patient Demographics

 

5,656
Practices
2.2M
Revenue per Practice
(Last 12 Months)
10.2K
Visits per Practice
(Last 12 Months)

 

Last week, Colorado enjoyed the most growth in year-over-year revenue and visits at 6.1% and 0.2% respectively. Massachusetts saw the second-highest revenue growth at 5.9%, and Oregon experienced the second-highest growth in visits at 0.1%.

*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.

 

LEARN MORE »

 

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