Stats from the Veterinary Industry Tracker powered by Vetsource and the AVMA
Oct 2-8, 2022
Fall is in full force as we entered the first full week of October. As the new season rolled in, U.S. veterinary practices saw that year-over-year revenue growth was up 4.7% while growth in visits slowed to -2.6%. Revenue from professional services increased to 6.2% year-over-year, we also saw months of heartworm and flea/tick protection dispensed climb this past week. Product revenue was also up this past week at 0.9% growth. You can see more details below and check out the Veterinary Industry Tracker [1] for daily stats.
| +4.7% Revenue YoY (Last Week) |
-2.6% Visits YoY (Last Week) |
Revenue growth was at 4.7% this past week while visits continue to lag behind and were down -2.6% year-over-year this past week. Both metrics are up compared to what we saw the week prior.
 -2.2%Heartworm YoY |
-2.8% Flea/Tick YoY |
 +6.2%Services YoY |
+0.9% Products YoY |
Heartworm and flea/tick protection dispensed and revenue from products have gone back up this past week from the week prior, while revenue from services was up 6.2%. Compared to the week prior, all metrics are starting to increase.
| +6.0% Revenue YoY (Last 12 Months) |
-2.1% Visits YoY (Last 12 Months) |
The rolling 14-day trendline for revenue and visits growth year-over-year was noticeably higher in 2021 before declining in January 2022. This spiked significantly in February and slightly in July but appears to be settling in overall at a lower rate than what we saw in 2021. We saw it climb in September and now it appears to be on the decline.
| 4,623 Practices |
1.9M Revenue per Practice (Last 12 Months) |
10.7K 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 11.3% growth. For daily state-specific stats, please see the Premium Veterinary Industry Tracker. [2]
*Numbers are subject to change based on data availability and PIMS adjustments.
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