Veterinary Industry Summary: July 21–27, 2024

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Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

July 21–27, 2024

LAST WEEK

As heartworm infection rates increase and spread to areas with historically lower prevalence, and Vetsource data consistently shows decreases in year-over-year parasiticide purchases through veterinary practices, the American Heartworm Society (AHS) is offering a new heartworm training course for veterinary team members.

Called “Heartworms Unraveled,” the series of five video-based training modules educates veterinary team members about heartworm biology, lifecycle and epidemiology, testing, prevention, and treatment. Feline heartworm disease is also covered. Importantly, each training module ends with client education tips.

According to 2024 Companion Animal Parasite Council (CAPC) forecasts, the high risk of heartworm infection is expected to continue “along the Mississippi River, throughout the southern portions of the interior Midwest, and along the Atlantic coast north into Virginia and southern New Jersey.”

CAPC also forecasts an increased risk of heartworm infection in areas with historically lower prevalence, including southern Indiana, central and southern Illinois, southern Iowa, Kansas, lower Michigan, Ohio, New Mexico, Colorado, and the northern Great Plains.

CAPC recommends year-round use of preventive products and annual testing, and the organization encourages veterinary team members to discuss changing heartworm prevalence regularly with clients — something the AHS staff training course aims to address.

“We see clinical training that equips veterinary technicians and other staff members to confidently speak with clients about the importance of heartworm management as one of our top priorities,” said AHS President Jenni Rizzo, DVM.

“Heartworms Unraveled” is a free resource for veterinary professionals. Register for the course here.

 

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.

 

 

+0.9%
Revenue YoY (Last Week)
-3.7%
Visits YoY (Last Week)

 

 

Veterinary industry year-over-year revenue and visits declined slightly last week compared to the week prior. Revenue was flat at 0.9%, while visits were -3.7%, changes from 1.5% and -3.3% respectively the previous week.


LAST WEEK
Months of Parasiticide Protection Dispensed

 

-11.0%
Heartworm YoY
-12.0%
Flea/Tick YoY

 

Service vs Product Revenue Breakdown

 

+2.7%
Services YoY
-4.1%
Products YoY

 

 

Last week, year-over-year heartworm protection fell to -11.0% from the previous week’s -9.3%. Flea/tick protection also declined, falling from -10.3% the week prior to -12.0% last week. Year-over-year revenue from services dropped from 3.2% the previous week to 2.7% last week, while revenue from products fell from -3.4% to -4.1%.


LAST 12 MONTHS
Growth in Revenue and Visits

A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

 

+4.3%
Revenue YoY (Last 12 Months)
-2.2%
Visits YoY (Last 12 Months)

 

 

The rolling 14-day trendline shows a slight uptick in revenue and visits since early July.


LAST 12 MONTHS
Revenue Growth by State

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

 

Patient Demographics

 

5,536
Practices
2.1M
Revenue per Practice
(Last 12 Months)
10.4K
Visits per Practice
(Last 12 Months)

 

 

New York and Colorado continued to enjoy the highest year-over-year revenue growth last week, coming in at 7.5% and 7.3% respectively. Only two states experienced positive year-over-year growth in visits last week: West Virginia at 0.2% and Minnesota at 0.1%.



*Numbers are subject to change based on data availability and PIMS adjustments.


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