Veterinary Industry Summary: July 2022

Kate Zirkle
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Stats from the Veterinary Industry Tracker powered by VetSuccess and the AVMA


 

July 2022 Monthly Recap

It’s hard to believe July has already come and gone. It certainly feels like summer is dwindling so be sure to book your last minute getaways. Today we’re going to look at veterinary industry stats for the month of July. These metrics are based on transactional data from nearly 4,700 veterinary practices across the United States. See more details below and check out the Veterinary Industry Tracker.

 

JULY 2022
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

+1.6%
Revenue YoY
-5.9%
Visits YoY

 

Revenue growth was at 1.6% while visits continue to lag behind and were down -5.9% year-over-year in July. Both metrics are lower than what we saw in June.

 


Months of Parasiticide Protection Dispensed
-4.6%
Heartworm YoY
-5.4%
Flea/Tick YoY
Service vs Product Revenue Breakdown
+2.9%
Services YoY
-1.5%
Products YoY

 

Months of heartworm and flea/tick protection dispensed and also revenue from products were all down in July, while revenue from services was up. Each of these metrics are down compared to June.

 


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

 

Maine
10.1% Revenue YoY
Wisconsin
6.3% Revenue YoY
South Carolina
5.8% Revenue YoY

 

Our top three performing states for average year-over-year veterinary revenue growth for July are Maine, Wisconsin, and South Carolina. 

 

*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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