Veterinary Industry Summary: July 31-Aug 6, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
July 31-Aug 6, 2022
Veterinary practices began August with fairly average performance last week. Year-over-year growth was at 3.3% for revenue and -4% for visits. Revenue from professional services again carried most of that growth in revenue, at nearly 5% year-over-year growth. Months of heartworm and flea/tick protection dispensed were down again this past week but up compared to the week prior. See more details below and check out the Veterinary Industry Tracker.
| +3.3% Revenue YoY (Last Week) |
-4.0% Visits YoY (Last Week) |
Revenue growth was at 3.3% this past week while visits continue to lag behind and were down -4% year-over-year this past week. Both metrics are higher than what we saw the week prior.
 -4.2%Heartworm YoY |
-4.6% Flea/Tick YoY |
 +4.9%Services YoY |
-0.9% Products YoY |
Heartworm and flea/tick protection dispensed were down again this past week, while revenue from services was up nearly 5% and revenue from products was essentially flat. Compared to the week prior, all metrics are up.
| +6.4% Revenue YoY (Last 12 Months) |
-1.3% Visits YoY (Last 12 Months) |
The rolling 14-day trendline for revenue and visits growth year-over-year saw 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 has already started to level back out.
| 4,657 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.8K 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 10.5% 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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