Veterinary Industry Summary: July 30–August 5, 2023


Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

July 30–August 5, 2023


The workforce shortage continues to dominate industry conversations. The latest cover story for Today’s Veterinary Business, “The New College Try,” by Mark Cushing, JD, discusses how the opening of eight additional DVM programs won’t be enough to solve the veterinarian shortfall.

At the same time, multiple organizations are actively working to solve challenges related to staffing shortages by providing tools and encouraging more strategic thinking to leverage resources available today.

The Veterinary Hospital Managers Association (VHMA) recently released its Organizational Diagnosis and Design Toolkit, which helps veterinary practices solve workforce issues, improve client services, and enhance veterinary care. And, in response to the workforce shortage and increasing levels of staff burnout, VetPartners launched a taskforce this month focused on improving veterinary staff utilization.

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.



Revenue YoY (Last Week)
Visits YoY (Last Week)


Year-over-year revenue was up last week at 5.7%, a 0.5% improvement over the week prior. While visits were still down at -0.4%, they rebounded a bit compared to the previous week at -1.2%.

Months of Parasiticide Protection Dispensed


Heartworm YoY
Flea/Tick YoY


Service vs Product Revenue Breakdown


Services YoY
Products YoY



Heartworm protection dispensed was still down last week at -1.5%, a slight improvement over the prior week, while flea/tick protection dispensed continued to fall, from -0.7% to -1.0%. Revenue from services and products grew last week, at 7.1% for services and 2.8% for products.

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



Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)



The rolling 14-day trendline shows revenue and visits growth year over year continuing to trend slightly higher in 2023 than 2022. Revenue is showing a pattern of growth, at 6.6%, compared to 6.2% to 6.4% in recent weeks.

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


Patient Demographics


Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)



At 11.3% growth, North Carolina took over the top spot for year-over-year revenue growth on average for the past 12 months. Tennessee followed closely behind at 11.1%. Interestingly, both states experienced growth in year-over-year visits as well, with North Carolina at 1.7% and Tennessee at 2.6%.

For daily state-specific stats, please see the Premium Veterinary Industry Tracker on

*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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