Veterinary Industry Summary: Nov 20-Nov 26, 2022
Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Nov 20-Nov 26, 2022
Year-over-year visits and months of parasiticide protection dispensed have been down consistently for quite some time. Visit data from the Vetsource Premium Veterinary Industry Tracker shows that product purchase visits, specifically, are down the most compared to sick and well visits. Since product purchase visits represent around 26% of total visits, it’s important for practices to ensure they are taking steps to retain those visits in order to offset the decline in total visits.
Last week: U.S. veterinary practices saw year-over-year revenue growth of 3.6% and -3.8% growth in visits.
You can see more details below and check out the Veterinary Industry Tracker for daily stats.
Revenue YoY (Last Week)
Visits YoY (Last Week)
Revenue growth was up slightly again this past week at 3.6% year-over-year, which is pretty steady with what we have seen recently. Visits are still down at -3.8% year-over-year this past week, but they are up from the week before.
Heartworm and flea/tick protection dispensed and product revenue are still down year-over-year, but they are up from the week prior. While revenue from services was up 5.3% compared to this week last year.
Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)
The rolling 14-day trendline for revenue and visits growth year-over-year for the past 12 months has been consistently down in 2022 compared to 2021. This month we saw average revenue dip below 6% where it is still at now, which is half of what we saw in April 2022. Metrics are still gradually trending down in this 4th quarter.
Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)
Maine is the top state for year-over-year revenue growth on average for the past 12 months, with 10.8% growth. 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.
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