Veterinary Industry Summary: January 12–18, 2025

industryblog_banner-350

Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

January 12–18, 2025

LAST WEEK

According to Indeed, veterinarian is the best job of 2025.

Indeed’s “best jobs of 2025” list was compiled based on three criteria:

  • A minimum salary of $75,000
  • At least 20% growth in job postings over the past three years
  • At least 5% of postings are remote or hybrid

The jobs that met the three requirements were then ranked based on their share of job postings on Indeed, and veterinarian topped the list. Sales representative, physician, civil engineer, and estimator rounded out the list’s top five.

On the Indeed platform, veterinarian job postings have risen 124% over the past three years, and the Bureau of Labor Statistics estimates the role will continue to grow.

Headed to VMX?
Stop by booth 1633 to say hi to the Vetsource team and pick up your free tote bag. Vetsource’s suite of solutions is helping practices drive visits and growth. Come learn how Vetsource is building a brighter future for pets and those who care for them with our Prescription Management, Payment Services, and Data Services solutions. Plus, learn how you can expand your care beyond the clinic walls with the Vet2Pet client engagement solution and app—at no cost to all Vetsource Prescription Management customers.

See you in Orlando!

 

 

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.

 

 

+14.5%
Revenue YoY (Last Week)
+10.7%
Visits YoY (Last Week)

 

Year-over-year veterinary industry revenue and visits saw significant increases last week, jumping to 14.5% and 10.7% respectively compared to the previous week’s 0.5% and -4.4%.

According to Vetsource Lead Data Analyst Dave Sullivan, “We’re seeing high year-over-year numbers over the last 10 days or so because of the large dip we saw in the second half of January 2024, when ice storms were impacting several states.”


LAST WEEK
Months of Parasiticide Protection Dispensed

 

+10.9%
Heartworm YoY
+14.2%
Flea/Tick YoY

 

Service vs Product Revenue Breakdown

 

+15.1%
Services YoY
+12.3%
Products YoY

 

Parasiticide purchases, service revenue, and product revenue also improved significantly last week because of the drop in these metrics during the January 2024 ice storms. Year-over-year heartworm and flea/tick purchases were 10.9% and 14.2%, increases from -9.2% and -6.5% respectively the week prior. Service revenue jumped from 1.6% the previous week to 15.1% last week, while product revenue rose from -3.6% to 12.3% during the same time.


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

 

 

+2.9%
Revenue YoY (Last 12 Months)
-2.6%
Visits YoY (Last 12 Months)

 

The rolling 14-day trendline showed steep increases in revenue and visits since January 1.

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

 

Patient Demographics

 

5,577
Practices
2.2M
Revenue per Practice
(Last 12 Months)
10.4K
Visits per Practice
(Last 12 Months)

 

Colorado continued to experience the highest year-over-year revenue growth last week at 6.6%, with Massachusetts coming in second at 5.8%. Minnesota was the only state to enjoy growth in year-over-year 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 »

 

Articles by Year

Sign up for our weekly newsletter