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Veterinary Industry Summary: February 26 – March 4, 2023

Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

 

February 26 – March 4, 2023

Check out the Veterinary Industry Tracker [1] for daily stats.

 

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

 

+4.4%
Revenue YoY (Last Week)
-3.6%
Visits YoY (Last Week)

 

Revenue growth was up this past week at 4.4% year over year, lower than the week prior. Visits were down at -3.6% year over year this past week, lower than the week before.


LAST WEEK
Months of Parasiticide Protection Dispensed
-7.5%
Heartworm YoY
-6.7%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+5.8%
Services YoY
+0.4%
Products YoY

Heartworm protection dispensed is still down, significantly lower than the week prior, and flea/tick protection dispensed is also much lower compared to the week prior. Revenue from services was up 5.8%, the same as the week before, and revenue from products was nearly flat, less than the preceding week.


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

 

+5.3%
Revenue YoY (Last 12 Months)
-3.2%
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 fairly consistent. Revenue and visits are still trending slightly higher than 2022 so far in 2023.


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

 

Patient Demographics

 

4,601
Practices
2.0M
Revenue per Practice
(Last 12 Months)
10.6K
Visits per Practice
(Last 12 Months)

Maine is still the top state for year-over-year revenue growth on average for the past 12 months, with 10.1% growth.

For daily state-specific stats, please see the Premium Veterinary Industry Tracker on VeterinaryAnalytics.com. [2]

*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 » [2]