Veterinary Industry Summary: March 26–April 1, 2023

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Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

 

March 26 – April 1, 2023

Check out the Veterinary Industry Tracker for daily stats.

 

LAST WEEK
Revenue per Practice

A bar graph showing revenue per practice for last week, compared to the previous year.

 

+4.0%
Revenue YoY (Last Week)
-3.4%
Visits YoY (Last Week)

 

Revenue was up this past week at 4.0% year over year, lower than the week prior. Visits were down at -3.4% year over year this past week, slightly lower than the week before.


LAST WEEK
Months of Parasiticide Protection Dispensed
-.-%
Heartworm YoY
-.-%
Flea/Tick YoY

See notes for more information.

Service vs Product Revenue Breakdown
+5.6%
Services YoY
-0.4%
Products YoY

 

We are holding reporting on parasiticide protection dispensed while we look into possible discrepancies in the data. We’ll have an update next week. Revenue from services was up 5.6%, lower than the week before, and revenue from products was down at -0.4%, lower than the preceding week.


LAST 12 MONTHS
Growth in Revenue and Visits
A line graph showing revenue and visits per practice, for a 14 day rolling period.

 

+5.7%
Revenue YoY (Last 12 Months)
-2.9%
Visits YoY (Last 12 Months)

 

The rolling 14-day trendline shows revenue and visits growth year over year trending slightly higher in 2023 than 2022. Growth appears to have peaked in Q1 and may be heading back to previous 2022 levels.


LAST 12 MONTHS
Revenue Growth by State
A U.S. map, using color shades to show revenue growth by state.

 

Patient Demographics

 

4,841
Practices
2.0M
Revenue per Practice
(Last 12 Months)
10.5K
Visits per Practice
(Last 12 Months)

 

Maine continues to hold the top place for year-over-year revenue growth on average for the past 12 months, with 9.6% growth, followed by Tennessee and North Carolina tied at 9.2%.

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

*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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