Veterinary Industry Summary: June 9–15, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
June 9–15, 2024
Juneteenth National Independence Day, the national holiday celebrating the end of slavery in the United States, is upon us. Federal troops arrived in Galveston, Texas, on June 19, 1865 — two-and-a-half years after President Abraham Lincoln signed the Emancipation Proclamation — to take control of the state and ensure that all enslaved people were freed.
Texas was the first state to declare Juneteenth an official holiday in 1979, and several other states did the same in later years. In 2021, Juneteenth became a federal holiday.
While progress has been made to promote diversity in veterinary medicine recently, there is still much work to be done. According to 2023 data from the U.S. Bureau of Labor Statistics, only 1.3% of veterinarians in the United States are Black or African American, compared to 14.4% of the U.S. population.
Many industry organizations are working to diversify the profession and promote diversity, equity, inclusion, and belonging (DEIB), including BlackDVM Network, Diversify Veterinary Medicine Coalition, Multicultural Veterinary Medical Association, blendVET, and others.
According to the American Association of Veterinary Medical Colleges (AAVMC): “Contrary to societal trends, veterinary medicine remains one of the least diverse professions in the United States. However, our efforts to attract a student body that is more reflective of society as a whole have resulted in diversification of the applicant pool. The number of racially and/or ethnically underrepresented students currently is about 20 percent of total enrollment. That figure continues to grow and has increased substantially since the 2005 launch of the DiVersity Matters initiative.”
Happy Juneteenth, and here’s to the continued diversification of the veterinary profession.
Check out the Veterinary Industry Tracker for daily stats.
| +2.7% Revenue YoY (Last Week) |
-2.3% Visits YoY (Last Week) |
Year-over-year veterinary industry revenue was up 2.7% last week, a slight decline from the previous week’s 2.9%. And, year-over-year visits dropped from -1.3% the week prior to -2.3% last week.
 -7.6%Heartworm YoY |
-5.9% Flea/Tick YoY |
 +4.3%Services YoY |
-2.0% Products YoY |
Year-over-year parasiticide protection fell last week, with heartworm at -7.6% and flea/tick at -5.9% (compared to -4.8% and -4.0% respectively the week prior). Year-over-year revenue from services remained at 4.3% last week, while product revenue dropped from -0.7% to -2.0%.
| +4.6% Revenue YoY (Last 12 Months) |
-2.1% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows a slight uptick in revenue and visits since the end of May.
| 5,562 Practices |
2.1M Revenue per Practice (Last 12 Months) |
10.5K Visits per Practice (Last 12 Months) |
Last week, New Mexico remained in the top spot for the highest growth in year-over-year revenue at 10.6%, and the state was one of three — along with North Carolina and Minnesota — to show a 0.0% change in year-over-year visits.
*Numbers are subject to change based on data availability and PIMS adjustments.
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