Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

March 2-8, 2025

A recent evaluation of Trupanion data shows a significant increase in the number of claims in specialty veterinary medicine.

The study examined Trupanion claims data from December 2019 through November 2024. Key takeaways include:

• Cardiology claims were up 55% for dogs and 47% for cats.
• Neurology claims were up 47% for dogs and 28% for cats.
• Oncology claims were up 47% for dogs.
• Dermatology claims were up 41% for dogs and 27% for cats.
• Dentistry claims were up 34% for dogs and 20% for cats.

 

Check out the Veterinary Industry Tracker for daily stats.

 

 

-2.4% Revenue YoY (Last Week)

-6.0% Visits YoY (Last Week)

 

Veterinary industry revenue dropped back into negative territory last week at -2.4% year over year, a decline from the previous week’s 0.8%. Visits also lost ground, falling from -4.1% to -6.0%.

 

-11.1% Heartworm YoY

-15.7% Flea/Tick YoY

 

 

-0.8% Services YoY

-7.4% Products YoY

 

The decline of parasiticide purchases persisted last week, with year-over-year heartworm at -11.1% and flea/tick at -15.7%, compared to -11.2% and -13.7% respectively the week prior. Year-over-year revenue from services fell from 2.7% to -0.8%, while revenue from products declined from -5.5% to -7.4%.

 

 

+2.6% Revenue YoY (Last 12 Months)

-2.6% Visits YoY (Last 12 Months)

 

The rolling 14-day trendline showed revenue and visits rebounding slightly since late February.

 

 

5,681 Practices

2.2M Revenue per Practice (Last 12 Months)

10.2K Visits per Practice (Last 12 Months)

 

Colorado once again enjoyed the highest year-over-year revenue growth last week at 6.1%, while Massachusetts trailed closely behind at 5.9%. Three states saw positive year-over-year growth in visits: Idaho (0.8%), Colorado (0.2%), and Oregon (0.2%).

*Numbers are subject to change based on data availability and PIMS adjustments.

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