Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
March 1-7, 2026
Starting on July 1, incoming U.S. veterinary students face a new $200,000 federal loan cap [1], a figure significantly lower than the median cost of most colleges when living costs are accounted for.
It is anticipated that students may turn to private lenders to make up the difference in borrowing amount and cost of attendance. These lenders often require stricter credit checks and offer fewer flexible repayment options than federal programs.
Educators warn these financial barriers may deter qualified applicants and reshape the student body. Dr. Tony Bartels, student debt educator at the Veterinary Information Network, urged aspiring veterinarians, “If you really want to minimize the impact, pick the school that has the lower tuition and fees for you. You have a better chance to frugal your way out of significant private student loan need if you choose an in-state or [otherwise] discounted veterinary school seat.”
Check out the Veterinary Industry Tracker [2] for daily stats.
| 3.5% Revenue YoY (Last Week) |
-1.0% Visits YoY (Last Week) |
Year-over-year veterinary industry revenue was back in the positive last week at 3.5%, up from -2.0% the previous week. Meanwhile, year-over-year visits saw a boost from -7.0% to -1.0% during the same time period.
 -5.9%Heartworm YoY |
-0.0% Flea/Tick YoY |
 4.4%Services YoY |
0.2% Products YoY |
Parasiticide purchases and product revenue were both up last week compared to the previous week. Heartworm was at -5.9% from -13.4%, and flea/tick was at 0.0% from -11.1%.
Service revenue entered the positive at 4.4% last week from -1.0% the week prior, and product revenue jumped from -6.0% to 0.2% during the same period.
| +2.7% Revenue YoY (Last 12 Months) |
-2.7% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows revenue and visits slightly dropping at the beginning of March.
| 6,450 Practices |
2.1M Revenue per practice (Last 12 months) |
9.8K Visits per practice (Last 12 months) |
Connecticut holds its place with the highest year-over-year revenue at 5.6%. Maine comes second at 5.3%, and Oregon is close behind at 5.0%.
Oregon is the only state with positive year-over-year visits at 0.3%.
*Numbers are subject to change based on data availability and PIMS adjustments.
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