Veterinary Industry Summary: March 30-April 5, 2025
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
March 30-April 5, 2025
As veterinary costs continue to climb, a new consumer credit card is offering unique cardholder benefits designed with pet owners in mind.
Nibbles, an organization that offers “innovative health care options that help pet parents and their pets enjoy a longer life together,” has launched the Nibbles Rewards Credit Card.
The card promises to help pet owners manage pet expenses and take advantage of unique perks not provided by most other credit cards, including:
- Up to $10,000 in annual pet health insurance coverage
- 3x points on all pet-related expenses
- Over $500 in annual savings on pet care
The card even allows pet owners to submit insurance claims through the company’s dashboard.
Check out the Veterinary Industry Tracker for daily stats.
| +0.5% Revenue YoY (Last Week) |
-3.2% Visits YoY (Last Week) |
Year-over-year veterinary industry revenue was flat last week at 0.5%, a decline from the previous week’s 1.3%. Visits remained in the negative at -3.2%, a slight improvement compared to -4.0% the week prior.
 -7.7%Heartworm YoY |
-6.5% Flea/Tick YoY |
 +1.7%Services YoY |
-3.0% Products YoY |
Year-over-year parasiticide purchases declined last week. Heartworm was -7.7%, and flea/tick was -6.5%, changes from -6.3% and -5.4% respectively the previous week. Service revenue dropped from 2.7% to 1.7%, and product revenue crawled from -3.3% the week prior to -3.0% last week.
| +2.4% Revenue YoY (Last 12 Months) |
-2.7% Visits YoY (Last 12 Months) |
The rolling 14-day trendline showed revenue and visits gradually climbing since late February.
| 5,809 Practices |
2.2M Revenue per Practice (Last 12 Months) |
10.2K Visits per Practice (Last 12 Months) |
Colorado experienced the highest year-over-year revenue at 6.0% last week, with Massachusetts and Maryland trailing closely behind at 5.3% and 5.2% respectively. While every state saw declines in year-over-year visits, Colorado and Oregon experienced the smallest declines at -0.1% each.
*Numbers are subject to change based on data availability and PIMS adjustments.
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