Veterinary Industry Summary: July 24-30, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
July 24-30, 2022
Veterinary practices in the U.S. closed out July with business performance similar to the week prior. Year-over-year growth was at 2.8% for revenue and -5% for visits. Revenue from professional services still carried most of that growth in revenue. Months of heartworm and flea/tick protection dispensed was down again this past week. See more details below and check out the Veterinary Industry Tracker.
Revenue YoY (Last Week)
Visits YoY (Last Week)
Revenue growth was at 2.8% this past week, only slightly higher than the week prior. Visits continue to lag behind and were down -5% year-over-year this past week, which is the same as what we saw the week prior.
Heartworm and flea/tick protection dispensed and revenue from products were all down this past week, while revenue from services was up over 4%. Compared to the week prior, all metrics except for revenue from services are down.
Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)
The rolling 14-day trendline for revenue and visits growth year-over-year showed a decline in January 2022. This rebounded in February but then declined again and appears to be settling in at a lower rate than what we saw in 2021. We saw an uptick in early July that is now already on the downturn.
Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)
Maine is the top state for year-over-year revenue growth on average for the past 12 months, with 10.3% growth. For daily state-specific stats, please see the Premium Veterinary Industry Tracker.
*Numbers are subject to change based on data availability and PIMS adjustments.
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