Veterinary Industry Summary: March 31–April 6, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
March 31–April 6, 2024
Just as the Companion Animal Parasite Council (CAPC) released its 2024 Pet Parasite Forecast and warned of the continued expansion of parasitic diseases throughout the U.S., a Banfield survey revealed laissez-faire attitudes about heartworm prevention among pet owners.
Banfield surveyed 1,000 U.S. dog and cat owners and found:
- Nearly 40% of respondents don’t believe their pet is at risk of getting heartworms.
- Almost 30% said their pet does not receive heartworm prevention.
- 51% do not give their pets heartworm prevention year-round.
These numbers are reflected in Banfield’s records, which show sharp increases in heartworm disease incidence over the past five years. The states seeing the biggest increases according to Banfield’s records are Delaware (299%), Montana (140%), and Nevada (101%).
According to CAPC President Heather Walden, MS, PhD, associate professor at the University of Florida College of Veterinary Medicine, parasitic diseases and their vectors have expanded to new areas since CAPC’s inception 12 years ago, and higher-than-average parasitic disease risk is predicted this year.
In addition to the organization’s annual national parasite forecasts, CAPC provides the free and highly accurate CAPC 30-Day Pet Parasite Forecast Maps, which are updated monthly with local outlooks for every U.S. county and are designed to alert pet owners of impending outbreaks.
“While our nationwide annual forecasts help us track [the] progression of diseases, our monthly forecasts help pet owners understand immediate threats in their neighborhoods,” CAPC CEO Chris Carpenter, DVM, MBA, was quoted in the organization’s recent press release. “Every county ecosystem and weather pattern is different. We urge pet owners to check our monthly, county-by-county forecasts and discuss them with their veterinarian.”
Check out the Veterinary Industry Tracker for daily stats.
| +2.6% Revenue YoY (Last Week) |
-2.1% Visits YoY (Last Week) |
Year-over-year revenue and visits remained fairly consistent last week compared to the week prior, with revenue growth dropping from 3.2% to 2.6% and visits at -2.1% compared to -2.6%.
 -6.8%Heartworm YoY |
-6.8% Flea/Tick YoY |
 +4.2%Services YoY |
-2.2% Products YoY |
Year-over-year parasiticide protection fell slightly again last week, with heartworm and flea/tick protection both at -6.8%, compared to -6.4% and -5.9% respectively the week prior. Week-to-week change in revenue from services and products was also flat. Services revenue was 4.2%, down from 4.7% the previous week, and products revenue was -2.2%, a drop from the prior week’s -1.6%.
| +5.0% Revenue YoY (Last 12 Months) |
-2.0% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows revenue and visits falling since mid-March.
| 5,410 Practices |
2.1M Revenue per Practice (Last 12 Months) |
10.4K Visits per Practice (Last 12 Months) |
Last week, New Hampshire edged out North Carolina as the state with the highest growth in year-over-year revenue, with New Hampshire’s revenue coming in at 9.4% and North Carolina seeing 8.4% revenue growth. Interestingly, Iowa came in second in women’s college basketball as well as year-over-year veterinary visits last week. The visits leaderboard was topped by North Carolina at 0.4%, Iowa at 0.3%, and New Hampshire at 0.1%.
*Numbers are subject to change based on data availability and PIMS adjustments.
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