Veterinary Industry Summary: November 26–December 2, 2023


Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA

November 26–December 2, 2023


The cost of veterinary care continues to get media attention and dominate industry conversations. According to the Veterinary Hospital Managers Association (VHMA), some practices are reporting declines in client acceptance of pet care recommendations because of inflation and the cost of care.

As a way to help clients in need during uncertain financial times, some practices are creating charitable funds. A recent VHMA survey found that:

  • 44% of respondents said their veterinary practice has a charitable fund in place
  • 44% said they do not have a charitable fund
  • 6% are considering starting a charitable fund

Of the respondents who said their veterinary practice has a charitable fund:

  • 62% distribute charitable funds on a case-by-case basis
  • 9% use the fund for emergencies only
  • 3% use the fund for established clients only
  • 26% use their charitable fund in different ways, including supporting nonprofit or no-kill shelters to help humanely euthanize pets for clients who can’t afford it

Check out the Veterinary Industry Tracker for daily stats.

Revenue per Practice

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



Revenue YoY (Last Week)
Visits YoY (Last Week)


Year-over-year revenue fell last week to 4.6% from 5.4% the week prior, while visits declined to -1.2% from -0.5% the previous week.

Months of Parasiticide Protection Dispensed


Heartworm YoY
Flea/Tick YoY


Service vs Product Revenue Breakdown


Services YoY
Products YoY



Year-over-year heartworm protection was -11.0% last week, a steep decline from -3.4% the week prior. Year-over-year flea/tick protection dispensed also fell, toppling from 2.6% the previous week to -7.9% last week. While revenue from services held steady at 6.6%, revenue from products fell from 2.4% to -1.2%.

Growth in Revenue and Visits

A line graph showing revenue and visits per practice, for a 14 day rolling period.



Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)



The rolling 14-day trendline shows year-over-year revenue and visits dropping slightly after improving throughout much of November.

Revenue Growth by State

A U.S. map, using color shades to show revenue growth by state.


Patient Demographics


Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)



While North Carolina experienced the highest year-over-year revenue growth last week at 11.0%, West Virginia was a close second at 10.1%. And, West Virginia enjoyed higher year-over-year visits growth than any other state last week, coming in at 2.7%.

For daily state-specific stats, see the Premium Veterinary Industry Tracker at

*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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