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 [1].
| +2.8% Revenue YoY (Last Week) |
-5.0% 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.
 -5.7%Heartworm YoY |
-7.4% Flea/Tick YoY |
 +4.6%Services YoY |
-2.2% Products YoY |
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.
| +7.0% Revenue YoY (Last 12 Months) |
-0.5% 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.
| 4,697 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.7K 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. [2]
*Numbers are subject to change based on data availability and PIMS adjustments.
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